The new energy track continued to break out, and A-shares rose rapidly in the afternoon

Every reporter: Liu Mingtao Every editor: Xiao Ruidong

On Friday, A-shares bottomed out and rebounded, rising rapidly before noon, the new energy track broke out again, photovoltaics and lithium batteries rose sharply, and market sentiment picked up. As of the close of the morning, the Shanghai Composite Index rose 0.5% to 2,933.25 points at midday, the Shenzhen Component Index rose 0.71% to 9,322.88 points, the ChiNext Index rose 0.74% to 1,846.15 points, the STAR 50 Index rose 0.32% to 850.55 points, and the Beijing Stock Exchange 50 fell 0.82%. The market turnover was 432.38 billion yuan, and the actual net selling of northbound funds was 2.238 billion yuan.

In terms of liquidity, the central bank announced that in order to maintain reasonable and abundant liquidity at the end of the year, on December 22, a 7-day reverse repurchase operation of 40 billion yuan and a 14-day reverse repurchase operation of 291 billion yuan was carried out by way of interest rate bidding, and the winning interest rates were 1.8% and 1.95%. Wind data shows that 50 billion yuan of reverse repurchase expired on the same day, so the net investment in a single day was 281 billion yuan.

This week, the central bank carried out a reverse repurchase operation of 1,582 billion yuan, and a net investment of 306 billion yuan this week was due to the expiration of 1,276 billion yuan of reverse repurchase. In addition, 90 billion yuan of treasury cash fixed deposits are due this week, and the central bank will bid for 180 billion yuan of one-month treasury bond cash fixed deposits next Monday (December 25).

On the news side, the National Press and Publication Administration solicited public comments on the "Measures for the Administration of Online Games (Draft for Solicitation of Comments)". The draft proposes to stipulate that excessive use of games and high consumption should be restricted. Online games are not allowed to set up inducing rewards such as daily login, first recharge, and continuous recharge. Online game publishing business units must not provide or condone high-priced transactions of virtual props through methods such as speculation or auctions. All online games must set user recharge limits and publicize them in their service rules, and pop-up warnings should be given to users' irrational consumption behaviors.

In terms of sectors, the concept of photovoltaic and energy storage continued to rise, with Lingpai Technology, Qingyuan Co., Ltd., Oujing Technology, Zhenbang Intelligent Co., Ltd., and Deye Co., Ltd. The concept of multimodal AI has pulled back significantly, with short dramas and online games leading the decline. Tianwei Video, Insai Group, Hengdian Film and Television, and Southern Media fell more than 8%.

On December 9, 2023, the third C919 large passenger aircraft flew from Shanghai Pudong International Airport to Shanghai Hongqiao International Airport for MU2999 transfer flight and delivered to China Eastern Airlines.

C919 has achieved a comprehensive integration of R&D, manufacturing, certification and operation, marking that China's aviation manufacturing industry has entered a new stage. The large aircraft industry chain is mainly composed of airframe manufacturing, power plant, airborne systems, parts, raw materials and other parts. Among them, the manufacturing value of the airframe accounts for about 1/3, including the nose, fuselage, wings, cabin doors, etc., which are mainly undertaken by the enterprises under the aviation industry, with a high degree of localization.

At present, the power unit is mainly supported by foreign enterprises, and it is expected to use domestic commercial aero engines in the future. The high profit margins of airborne system products are attracting a large number of high-tech companies to invest in this field. Parts and components include forging and casting, standard parts, electronic components, etc., including a number of private enterprises including domestic enterprises to participate in a large number of enterprises, these enterprises in the process of supporting C919, both to obtain orders and to achieve technological breakthroughs.

With the acceleration of the process of the domestic large aircraft industry chain and the increase of the localization rate, it will continue to drive the development of domestic suppliers in the industrial chain of raw materials, electronic components, forging and casting structural parts and airframe manufacturing.

Here, by integrating the latest research report information of more than 10 brokerages such as Tianfeng, Anxin, Guoxin, etc., we bring 4 company profiles to fans and friends, for reference only.

1. Steel research Gaona

The company has laid out a deformed superalloy production demonstration base in Deyang City, Sichuan Province, aiming to realize the integration of the production chain and the ability to integrate development and production through the equipment construction of the whole production process, so as to consolidate the company's leading position in the field of deformed superalloys.

——Orient Securities

2. Aerospace Science and Technology

The company vigorously promotes technological innovation, continuously enhances the competitive advantage of products, is fully recognized by customers, and realizes the increase of sales orders.

——Huatai Securities

3. AVIC West

As the only transport aircraft and bomber main engine factory in mainland China, the company focuses on the continuous improvement and serial development of aviation products, and reduces expenditure and expenditure by increasing sources and reducing expenditures, scientifically and reasonably reducing the tax burden of enterprises, continuously promoting cost control of the whole value chain, and improving operating efficiency.

-- China Merchants Securities

4. Guangwei composites

The company's T800H project has been verified, promoted and expanded, and gradually expanded to new models; high-strength and high-modulus fiber business has continued to make efforts, and a number of newer models of products have been reserved, and individual products have been supplied in small quantities. As a new supplier, the 700G product company will make a certain incremental contribution with the increase of some projects in the later stage, and the composite material sector will gradually master the process molding methods in the fields of aviation parts and unmanned aerial vehicles, which is an important force for the company in the future.

——Haitong International

National Business Daily