After the Spring Festival, the stock market changed the downward trend of continuous decline before the festival and showed a continuous rebound trend. In the rebound in the past few days, the overall performance of the track stocks in which the fund is heavily positioned is still not good, but the theme stocks are wonderful.
Among the most active themes, digital currency, digital economy, underground pipe network, sponge city, etc., most of them benefit from the central bank's promotion of the development of legal digital currency standards and moderately advanced infrastructure, which belongs to the speculation of old themes stimulated by new news.
The industry has changed, and the concept of civil explosion has become very popular
So is there any new theme for A shares recently? There are, for example, the concept of civil explosions.
On February 9, Oriental Wealth Software launched the Civil Explosion Concept Index for the first time, allowing this new theme to officially enter the field of investors.
On the same day, the civil explosion concept index rose by 6.83%.
In terms of individual stocks, Jin Aobo, Poly United, Huhua Shares, Nanling Minbang, and Kailong Shares collectively rose and fell.
On February 10, Poly United and Juhua shares continued to rise and fall, and most of the other stocks in the same sector rose.
The explosion concept index turned out to be related to a piece of news.
On December 3, 2021, the Ministry of Industry and Information Technology issued the "14th Five-Year Plan for the Safety Development of the Civil Explosives Industry" (hereinafter referred to as the "Planning").
The Plan mainly involves two aspects:
The first is to encourage enterprise restructuring and integration, support the merger and reorganization of advantageous enterprises, and enhance industrial concentration; further optimize the product structure.
The second is to comprehensively promote industrial digital electronic detonators in 2022, reduce the licensed production capacity of packaging-type industrial explosives, and increase the proportion of on-site mixed explosives licensed production capacity of enterprises.
It can be seen that the first point is to support leading enterprises to become bigger, and the second point is to promote new technologies.
Another important content in the "Planning" is to stop production before the end of June 2022 and stop selling other industrial detonators other than industrial digital electronic detonators before the end of August.
It is now February 2022, and in half a year, all detonators except digital electronic detonators will be withdrawn from the stage of history.
The cost of digital electronic detonators has been reduced, and the safety has been greatly improved, which is conducive to eliminating hidden dangers in safety production, which is the most important reason why electronic detonators can only be used in the field of civil blasting in the future.
In fact, the "Planning" on digital electronic detonators was released in early December, and the reason why it was only recently hyped is because it superimposes the news of "moderately advanced infrastructure".
Many analysts believe that the construction of infrastructure at the beginning of the year can play a role in supporting economic growth, and the theme of infrastructure is also expected to become the core main hot spot of the current stock market.
Moderately ahead of the infrastructure, many people will think that the market will fry cement, steel, glass, building materials, and construction engineering companies, but in fact, these industries are old industries, there is no freshness, and there is little room for imagination.
Digital electronic detonators are different, it is a new theme, in line with the stock market "speculation in the new and not in the old" habits; the technical comprehensive replacement of traditional detonators, means that there is a lot of room for imagination; and "moderate advanced infrastructure" provides a catalyst for the rapid development of the industry, making the prosperity greatly improved and stimulating the speculation.
Time, location, people and factors are all available, and digital electronic detonators have become the strongest subdivision theme in the current "big infrastructure".
The leading 7 boards have become the core focus of A shares
As the saying goes, "to speculate in stocks is to speculate in the dragon", the leader of the digital electronic detonator is Poly United (002037. SZ）。
From January 26 to February 10, Poly United completed the cross-Spring Festival continuous board up and down, and walked out of 7 up and down boards in 7 trading days, of which the last 4 trading days were consecutive up and down boards.
Judging from the 282,800-lot seal on February 10, 461 million funds were sealed on the limit board.
Continuous word board + large sealing orders, if the author is not mistaken, Poly United's 7 consecutive boards are also the stocks with the most consecutive boards on the stock market at present.
Poly United's main business is the product research and development, production, sales, design and construction of civil explosive equipment, etc., the main products are explosives, pipe cables, blasting, engineering construction.
In December 2021, Poly United acquired 70% of the equity of Satellite Chemical held by Hebei State Holdings in cash through public delisting.
Satellite Chemical is the largest detonator production enterprise in Hebei, with a detonator production license capacity of 112.5 million rounds, of which the electronic detonator license capacity is 13 million rounds.
Through large-scale acquisitions, Poly United just meets the "provisions" of "encouraging enterprise restructuring and integration, supporting the merger and acquisition of advantageous enterprises, and enhancing industrial concentration".
Regarding the mergers and acquisitions of the civil blasting industry, you can refer to the cement industry in previous years. Cement is a high-energy-consuming, high-pollution industry, and the environmental protection equipment of small-scale enterprises is not up to standard, which is seriously damaged to the environment. After a wide range of mergers and acquisitions in the cement industry in the past few years, the super giant of conch cement was formed, and conch cement relied on the continuous improvement of market share, rising more than 10 times from 2016 to 2020.
After a series of sharp rises, Poly United issued a stock price change announcement on February 8, saying that there was no need to correct or supplement the information disclosed by the company in the previous period. Nor was there any undisclosed material information that could or has had a significant impact on the trading price of the Company's shares.
As soon as this kind of news comes out, the future market is generally "followed by music and then danced". This is also the case, on February 9 and 10, the company's stock price continued to rise and fall.
A number of companies have spoken out, vigilant against the reduction of holdings at the high
Poly United is the current Dragon One, and the two-board pot shares are Dragon Two. In the main business of Huhua Shares, detonation equipment accounted for 43.73%, industrial explosives accounted for 38.33%, and blasting services accounted for 13.17%, which is also an authentic civil explosion concept stock.
After the close of trading on February 10, Huhua Issued an announcement that Wanxin Investment, a shareholder holding more than 5% of the shares on February 9, reduced its holding of 992,000 shares of the company's unlimited sale conditional circulation shares in a block transaction, accounting for 0.5% of the company's total share capital.
As soon as the limit rises and stops, it seems that the mentality of shareholders cashing out on the high is still quite strong!
Civil blasting has always been an unpopular area for A-shares, and it is rare to have funds to patronize. After the favorable superposition of the comprehensive promotion of digital electronic detonators and advanced infrastructure, the industry suddenly became a fragrant feast, which also caused intensive speeches from relevant listed companies.
On the interactive platform, Jin Aobo said the company's production capacity, indicating that it has an annual production license capacity of 167 million industrial detonators, including 13 million electronic detonators, and is currently promoting the replacement of ordinary detonators with digital electronic detonators.
Yahua Group said that the company has more than 50 million electronic detonator production capacity, production and sales are ranked first in China, and will actively expand the production capacity of electronic detonators in the future.
Kailong said that the company has a production capacity of nearly 20 million non-electric detonators and 38.6 million electronic detonators.
Nanling Civil Explosion, a veteran company of civil blasting, had 8 consecutive up-and-down boards as early as October-November 2021, when it was speculated about mergers and acquisitions and restructuring of Yipuli. After the reorganization, Nanling Minbang will become the listed company with the largest production capacity in the industry, and the actual controller will become a state-owned asset.
Conclusion
In 2021, the output of domestic industrial detonators is 890 million rounds, of which 164 million are electronic detonators, an increase of 40% year-on-year.
The proportion of digital electronic detonators in industrial detonators has increased from 12% in 2020 to 18% in 2021, and it has been nailed down to 100% later, and the growth space is very large.
Some institutions predict that according to the average price of traditional detonators per shot of 15 yuan, the annual use of 10-120 million rounds to calculate, the future of digital electronic detonators after 100% penetration, the market space will reach 15-18 billion yuan.
The superposition of various positives makes digital electronic detonators become the "popular fried chicken" of the stock market. However, we should also see that some companies can't wait to reduce their holdings, and the continuous one-word rise and stop of leading stocks means that there is no sufficient change of hands, and the cost of investors chasing in after the opening of the market will be much higher than the cost of current shareholders, so be wary of the risk of chasing high.