Financial Associated Press Morning Post, December 31 (Fri)

Macro news

1. The Ministry of National Defense responds to the US National Defense Authorization Act of 2022: seriously interfering in China's internal affairs and seriously poisoning the relations between the two militaries of China and the United States, the Chinese side expresses strong dissatisfaction and resolute opposition to this.

2. Yi Huiman, chairman of the China Securities Regulatory Commission, said in an exclusive interview that the conditions for the full implementation of the registration system have gradually been met, and we are now stepping up the formulation of a reform plan for the whole market registration system, solidly promoting relevant preparatory work, and ensuring the smooth landing of this major reform.

3. Due to the use of the Tiangandi Branch Calendar to analyze the trend of the stock market, the Jiangxi Securities Regulatory Bureau took measures to supervise Liu Fubing of Guosheng Securities and issued a warning letter to Guosheng Securities.

Industry news

1. The State-owned Assets Supervision and Administration Commission issued the "Guiding Opinions on Promoting the High-quality Development of Central Enterprises to Achieve Carbon Peaking and Carbon Neutrality", which proposes that by 2025, the installed capacity of renewable energy power generation in central enterprises will reach more than 50%. Comprehensively promote the large-scale and high-quality development of wind power and solar power generation, develop biomass energy according to local conditions, and explore deepening the development and utilization of marine energy and geothermal energy。

Sun Guofeng, director of the Monetary Policy Department of the Central Bank of China, said on Thursday that the central bank issued the first batch of carbon emission reduction support tools to relevant financial institutions of 85.5 billion yuan, and supported financial institutions to issue carbon emission reduction loans of 142.5 billion yuan that meet the requirements, a total of 2817 enterprises, driving a reduction of about 28.76 million tons.

3. The Shanghai Municipal Commission of Economy and Information Technology issued the 14th Five-Year Plan for the Development of the Electronic Information Industry in Shanghai. The plan mentions that it is necessary to strengthen the forward-looking research and development of the basic core technology capabilities of the underlying core technology of the meta-universe, promote the development of new terminals that deepen perceptual interaction and the construction of systematic virtual content, and explore industry applications.

4. The shanghai stock exchange annual report appointment disclosure schedule is released, st panda, kaikai industry to come out on the top, will be the first to disclose on January 28. In terms of the science and technology innovation board, Fangbang shares will take the lead in disclosing their annual reports on February 17.

5, near the end of the year, The new real estate market discount in Shenzhen has blossomed everywhere, and the discount methods are also diverse, some direct discounts, some directly launch special houses, and some real estate is to buy large apartments and give away a set of small apartments.

6. Zou Lan, director of the Financial Market Department of the Central Bank of China, said on Thursday that project mergers and acquisitions between real estate enterprises are the most effective market-oriented means for the real estate industry to resolve risks and achieve liquidation.

7. The Financial Associated Press and Ceibasil Wealth jointly released the "White Paper on the Development of Fund Investment Advisory Business for the Second Anniversary of the Pilot[2021]." According to the white paper, as of November 30, 2021, a total of 58 institutions with 25 public funds, 30 securities companies and 3 third-party independent sales agencies have obtained the pilot qualification of fund investment advisory business.

8. Zhonghuan shares continued to reduce the price of silicon wafers, comparing with the price of 160 micron silicon wafers with a thickness of 160 microns on December 2, G1 wafers fell by 0.05 yuan / piece, and the price of 210 silicon wafers fell by as much as 7.8%.

9, Shanghai Steel Federation released data show that yesterday some lithium battery material quotations rose again, electrolytic cobalt rose 2000 yuan / ton; lithium metal rose 20000 yuan / ton; lithium carbonate rose 2000 yuan / ton; cathode, ternary materials rose 2500-5000 yuan / ton, ternary precursors rose 1000 yuan / ton.

Company News

1. Jiuan Medical issued another announcement of change, and the sales disclosed by the company in the previous announcement could not represent profits. At present, the company's stock price is at a historical high, and the risk of a pullback in the future is not ruled out.

2. Cataltime announced that the company intends to invest 24 billion yuan in the construction of the seventh to tenth phase of the power battery Yibin manufacturing base, and the total investment of the project will not exceed 24 billion yuan.

3. Senxuan Pharmaceutical, a listed company on the Beijing Stock Exchange, issued an announcement of change, and the company did not sign a purchase and sale contract with Pfizer for ritonavir pharmaceutical intermediates.

4. Guangwei Composite announced that Weihai Development, a wholly-owned subsidiary of the company, signed three order contracts with Customer A, with a total amount of 2.098 billion yuan, and the contract performance period was from January 1, 2022 to June 30, 2024.

5. Yaben Chemical received a letter of concern: asked for additional clarification of the specific association between carolong anhydride and its derivatives and Pfizer's new crown oral drug products.

6. According to the shenzhen stock exchange, Longshen Rongfa rose by 143.31% from December 17 to December 30, and during the period of serious abnormal growth, natural persons bought a total of 7.339 billion yuan, accounting for 88.23%.

7. ST Omar announced that Zhao Guodong, the former actual controller of the company, and the company recently received the "Notice of Case Filing" from the China Securities Regulatory Commission. Due to suspected violations of laws and regulations on information disclosure, the CSRC decided to file a case against Zhao Guodong, the former actual controller of the company, and the company.

8. Brilliant Communication announced that Roaming Valley, a wholly-owned subsidiary, intends to introduce a strategic investor to raise no less than 30 million yuan of monetary funds, and Bilibili intends to strategically invest in shares.

9. Jianfeng Group issued another stock price change announcement, and the early caronic anhydride process route of the subsidiary did not have a competitive advantage.

10. Guisheng shares issued an announcement that the relevant rumors about the company's "liquor company backdoor" are not true.

Global markets

The three major U.S. stock indexes closed down collectively, with the Dow down 0.25%, the S&P 500 down 0.30%, and the Nasdaq down 0.16%. Popular Chinese stocks rose sharply, Baidu and New Oriental rose more than 10%, Alibaba rose more than 9%, and Didi rose more than 5%.

WTI February crude futures closed up 0.56% at $76.99 a barrel, while Brent February crude futures closed up 0.11 percent at $79.32 a barrel.

COMEX February gold futures closed up 0.5% at $1814.1 an ounce.

Investment Opportunity Reference

1. State-owned Assets Supervision and Administration Commission: By 2025, the proportion of installed renewable energy power generation capacity of central enterprises will reach more than 50%.

The State-owned Assets Supervision and Administration Commission issued the "Guiding Opinions on Promoting the High-quality Development of Central Enterprises to Achieve Carbon Peaking and Carbon Neutrality", which proposes that by 2025, the comprehensive energy consumption of the output value of central enterprises will be reduced by 15% compared with 2020, the carbon dioxide emissions of the output value of 10,000 yuan will be reduced by 18% compared with 2020, the proportion of installed capacity of renewable energy power generation will reach more than 50%, and the proportion of revenue of strategic emerging industries will not be less than 30%, laying a solid foundation for achieving carbon peaking.

In the first three quarters of this year, the newly installed capacity of distributed photovoltaics accounted for about 64% of the new installed capacity of photovoltaics in the country, exceeding that of centralized photovoltaic power plants. At the same time, wind power development is also shifting to the central and eastern and southern regions with better consumption conditions。 Of the new installed capacity of wind power in the first three quarters of this year, the central and eastern regions and the southern region accounted for about 60%. The agency pointed out that the transfer of renewable energy layout to the consumption side reflects the transformation process of The center of gravity of China's new energy development from "quantity" to "quality", and the real contribution of new energy to power demand is gradually being amplified.

Among the A-share listed companies, the controlling shareholder of Datang Power Generation (601991) is Datang Group, with an installed capacity of about 9.2047 million kilowatts of hydropower, 4.6331 million kilowatts of wind power and 1.6839 million kilowatts of photovoltaic power generation as of June 30. Huadian International (600027) controlling shareholder is China Huadian Group, which held a total installed capacity of 2,708.4 MW of hydropower and other renewable energy generation as of June 30.

2. The global single-week new crown diagnosis has reached a new high, driving the outbreak of new crown testing demand

Recently, the number of confirmed covid-19 cases in a single week in the world has reached a new high. WHO Director-General Tedros Adhanom Ghebreyesus said at a press conference on December 29 local time that the new crown variants Ofmicron and Delta pose a "double threat" to the outbreak, so the number of confirmed COVID-19 cases in various countries remains high, and once again led to a surge in hospitalizations and deaths.

Since the end of November, the epidemic situation has been sporadic in many parts of the country, and the new crown testing of key groups has become an important part of the epidemic prevention work, and some regions have even carried out large-scale new crown virus testing and screening, which has led to the growth of demand for test preparations. The agency pointed out that with the discovery of Omicron in South Africa with a large number of mutations and potentially more contagious and harmful, the further promotion of home self-test products in the United States, and the upcoming spring semester in January next year, the demand for COVID-19 testing will continue to be stimulated. Based on the judgment of future industry trends, it is estimated that the total size of the NEW CROWN testing market in Europe and the United States is expected to reach US$3.391 billion in 2022, equivalent to about 22 billion yuan.

In terms of the company, the new coronavirus antigen self-testing agent box developed by Wanfu Bio (300482) obtained the EU CE certification in June this year and has been sold in Europe, Asia, the Middle East, Latin America and other countries and regions. Zhongshan Biological Engineering Co., Ltd., a wholly-owned subsidiary of Daan Gene (002030), has developed a novel coronavirus antigen detection kit (colloidal gold method) and a new coronavirus (SARS-CoV-2) IgM-IgG antibody detection kit (colloidal gold immunochromatography) for self-testing, and the above products have been exported overseas.

3. The research team developed palladium "nano chocolate" particles that can be used for hydrogen storage

According to a study published in the journal ACS Nano of the American Chemical Society (ACS), the German Electron Synchrotron (DESY) team has developed an innovative method to turn nanoparticles into simple hydrogen reservoirs. The team led by ANDRÉS Steele, head of the DESY Nanolabel Laboratory, has devised a new method of storing hydrogen in tiny nanoparticles made from the precious metal palladium with a diameter of just 1.2 nanometers. The researchers say palladium absorbs hydrogen like a sponge.

As a highly volatile gas, hydrogen is considered a promising future energy carrier that can be used as an environmentally friendly fuel for use in airplanes, ships and trucks. However, hydrogen storage is expensive and requires the gas to be kept in pressurized vessels up to 700 bar or cooled to minus 253°C for liquefaction. Both processes require additional energy consumption. The agency pointed out that the hydrogen energy industry chain as a whole is divided into three major links: hydrogen energy production, hydrogen energy storage and transportation, and hydrogen energy application, of which storage and transportation is the key to efficient use of hydrogen energy. In terms of cost, the cost of hydrogen storage and transportation accounts for about 30% of the total cost, and cost-effectiveness is the future development trend of hydrogen energy storage and transportation.

Among the relevant listed companies, the new material business of Jinyuan Co., Ltd. (000546) belongs to the comprehensive utilization and recycling of resources, the main products are copper, and the enriched metals are gold, silver, palladium and other products. Zhongchuang Environmental Protection (300056) non-ferrous metal recycling business includes zinc, platinum, palladium, rhodium, gold, silver and so on.

4, the price "triple jump" to refresh the record high lithium carbonate quotation has been close to 300,000 yuan / ton

Since the beginning of this year, the new energy vehicle market has ushered in explosive growth, and the price of battery-grade lithium carbonate, the main raw material for new energy vehicle power batteries, has staged a "triple jump" in one year, and the average price has jumped from 50,000 yuan per ton at the beginning of the year to 274,000 yuan per ton. Entering December, from the beginning of the month exceeded 200,000 yuan / ton to the current more than 270,000 yuan / ton, the quotation has been close to 300,000 yuan / ton, the monthly increase of more than 30%, the year-on-year increase is more than 400%, the price has refreshed the record high.

In a lithium carbonate production workshop, the person in charge said that as the growth of new downstream projects exceeds expectations, the current industry supply growth rate is far from meeting market demand. The agency pointed out that in the short and medium term, the supply shortage superimposed on low inventory, lithium prices are expected to continue to rise, which in turn will drive the continuous release of plate profits. In the long run, the future of electric vehicles and energy storage to drive high demand growth is more certain, in contrast, the upstream lithium resources development cycle is long, capital investment is large, the supply side is difficult to have a significant increase, lithium resource gap will continue to enlarge. Under the background of high industry prosperity, the tight balance between supply and demand will drive prices further upwards, and historically high prices may only be a new starting point.

Among the A-share listed companies, the Lijiagou spodumene mine under Chuaneng Power (000155) has a total of 15 ore bodies, of which the main ore body of I. is the largest single spodumene mine in Asia that has been proven and obtained mining warrants. Tibet Mining (000762) tibet Zabuye salt lake, which has exclusive mining rights, is the third largest lithium salt lake in the world and the largest in Asia, with proven lithium reserves of 1.841 million tons.