[review today]
The economic growth target is 5%, and the market pullback in the absence of strong stimulus expectations. Northward capital inflow of 100 million yuan, mainly buying TCL Central (002129.SZ), Longji Green Energy (601012.SH) and so on.
In the early end of the prefix once again, the gold absorption is more serious, but the vast majority of the emergence of a high decline, but the market has played a negative feedback, this hype has turned to small-cap category, repeatedly mentioned small-cap infrastructure stocks in the public high-tech (603860.SH) once again promoted to the third board, has become a plate leader, the first board has medium material energy conservation (603126.SH).
The market has once again entered the HARD mode, with only a handful of stocks trading by the daily limit. High-standard Huamai Technology (603042.SH) T-word board yesterday, today directly a word fell to the limit, a lot of emotional suppression. ChatGPT continued to be under pressure from the tide information (000977.SZ), the stock fell the limit at the beginning of trading, although there was a warping board in the session, but it was still suppressed by bears, with a huge volume of 11.9 billion traded throughout the day, which is expected to be more difficult to undertake tomorrow.
Early core varieties are negatively impacted, originally strong application stocks dare not send force because they are relatively high, funds can only attack low-level new varieties, the newly excavated first board are ChatGPT superimposed meta-universe concept World Show (600556.SH), cloud computing superimposed multiple concept new torch network (605398.SH), medical AI concept Runda Medical (603108.SH). The plate is very different today, but can not be said to be completely out of the tide, where the high and low switch, some varieties also appeared resistance, such as Hongbo shares (002229.SZ), Haitian AAC (688787.SH), and so on, to see if it can be repaired tomorrow.
Defense budget growth exceeded market expectations, the military industry plate homeopathy, the vanguard of China Shipbuilding Technology (600072.SH) rapid pull board. Leading China Satcom (601698.SH) renewed its efforts, and the military Aviation Electrical Survey (300114.SZ) pulled up to a recent high at the end of the market.
The concept of 6G is supported by policy again. The headboard has 6G superimposed satellite navigation concept Shenglu Communication (002446.SZ) and 6G superimposed energy storage concept Sega Technology (002796.SZ).
Under the weak AI of the mainstream plate, funds began to turn to the fully adjusted photovoltaic track, in which silicon wafer and quartz sand subdivision led the rise. 001269.SZ quartz crucible is in a state of full production and full pin. HJT concept Sanfu Xinke (688359.SH) 20CM trading limit. TCL Central (002129.SZ) once hit the limit.
Consumption is also a capital helpless choice, the old leader collective changes, the new retail superimposed prefabricated food concept Renle (002336.SZ) connected board. Xi'an diet (000721.SZ) and Xujiahui (002561.SZ) showed abnormal changes.
The index is currently in the choice of direction, coupled with the conduct of important meetings, this period of time is expected to be mainly shock differentiation, operation, while paying attention to warehouse control, while paying attention to rhythm. Both photovoltaic and retail are difficult to get out of sustainability, and continue to observe the market reaction after the differences in artificial intelligence.
artificial intelligence
The focus of the government work report is to build a new national system, set up national laboratories, and promote the reorganization of national key laboratories in batches. New breakthroughs have been made in some key core technologies, and innovations in manned spaceflight, supercomputers, satellite navigation, artificial intelligence and other fields continue to emerge. As the bottom of the technology to drive the data economy, artificial intelligence technology is expected to usher in new development opportunities.
World Show (600556.SH): Chuanhong Universe and ChatGPT began testing. Weibo Corp's subsidiary plans to spend 2.16 billion yuan to buy 333 million shares of Tian Xiu from New Prodigal son, and officially launch Yunyou China, a digital cloud platform jointly launched with Xinhua News Agency New Media Center.
Telecom operation
On March 5, the Minister of Industry and Information Technology said at the first "ministerial channel" that China has built the largest and most technologically advanced 5G network, which is among the forefront of the world. The number of 5G mobile phone users has exceeded 575 million, and 600000 new 5G base stations will be opened this year, with a total of more than 2.9 million. China's 6G Propulsion working Group is already working to strengthen international cooperation and speed up the research and development of 6G.
002446.SZ: cooperate with Huawei in microwave / millimeter wave antenna, smart terminal antenna and other fields, including GPS/ Beidou antenna business, research and development of layout 6G technology, research and development of related technologies and products covering space, land, ocean and other integrated information networks.
Sega Technology (002796.SZ): track 6G technology products and carry out corresponding technology reserves, communication base station radio frequency system project has been put into use, signed a cooperation framework agreement with Ashite Energy on the field of energy storage cabinets, cumulative shipments of 1.5GWh to more than 20 countries, annual production capacity 3GWh.
[Nuggets Dragon and Tiger list]
European Crystal Technology (001269.SZ): favored by many institutions, a total of three institutional seats appear on the Dragon and Tiger list today, buying a total of 35.85 million yuan, buying four seats with well-known hot money to buy 11.68 million yuan, and buying a net 49.02 million yuan that day, the stock broke through all averages today and is expected to hit recent highs.
Fundamental analysis:The company can produce quartz crucibles for CCZ long crystal drawing single crystal silicon rods, and has the ability to produce 40-inch solar grade quartz crucibles. The quartz crucible developed and produced by the company can be used for the drawing of N-type / P-type silicon wafer, and the quartz crucible made of synthetic quartz sand is currently in the experimental stage.
The competitive advantage is becoming more and more obvious.The company has maintained a long-term strategic cooperative relationship with Sibiko (Uniming) in the United States and signed a high purity quartz sand procurement agreement with quartz shares until the end of 2026. As the company is the main crucible supplier in TCL Central, TCL Central can also help the company to lock in some of the production capacity of high purity quartz sand. At present, the supply of high-purity quartz sand in the industry is relatively tight, and the company relies on the locking of raw material supply to strengthen its competitive advantage, fully or even over-transmit the price increase of raw materials to the downstream to enhance profitability.
The company's production capacity is expanding rapidly, and its market share is expected to continue to increase.The company currently has 10 photovoltaic quartz crucible production lines, and the IPO investment project plans to upgrade 4 of the smaller production lines and expand 2 semiconductor quartz crucible production lines, benefiting from the company's abundant quartz ore reserves, the company's production capacity is expected to increase to 20 lines in the first half of 2023. The competition pattern of quartz crucible market is clear. Except for Oujing Technology, Jiangyin Longyuan and Ningxia Jinglong, which are suppliers of TCL Central and Longji shares, the scale of other crucible enterprises is generally small.
[institutional research]
Wanma shares (002276.SZ): recently received intensive research by Southern Fund, Xingsheng Global Fund, Yinhua Fund, Fu Anda Fund and other institutions.
Fundamental analysis:The company is the only enterprise in China that can mass produce 220kV and above ultra-clean insulation materials and cable water-resistant tree insulation materials, breaking the long-term monopoly of Dow Chemical, Nordic Chemical and other foreign companies. It is estimated that in the next five years, the company's annual polymer output will increase from about 370000 tons in 21 years to 1.2 million tons. The current market share of high-voltage cable materials is 10-12%, and the market share of medium and low voltage is 30%. The production capacity of the first phase of ultra-high pressure in Hangzhou has been put into production in 22 years, of which the shipment of 110kv ultra-high pressure materials is expected to exceed 10, 000 tons. The 20,000-ton ultra-high pressure second phase project will reach production in 23 years, which will further support the discharge of ultra-high pressure materials.
The company's product structure is optimized, and high-profit robot wire harness products (estimated net profit margin of 15%) cut into Kuka and ABB supply chain. Orders will accelerate in 23 years, driving the profit center of the company's power cable business upward. At present, the company has achieved the coverage of charging stations in major cities across the country, and the operating efficiency has gradually improved. In 22 years, the company has achieved 425 million kilowatt-hours of charging, an increase of 34.9 percent over the same period last year. As of 12M22, the number of public charging piles is 26484, an increase of 34.9 percent over the same period last year. With the increase in the number of electric vehicles and the recovery of travel confidence in 23 years, the company's charging business is expected to reduce losses.