The two markets rebounded from shocks, and the energy and metal sectors broke out [stock market afternoon review]

May 9th:

Brief description of the plate

The morning market continued to show a shock rebound, the two cities of the industry reappeared local rotation, electrical equipment, real estate, semiconductors, tourism, mineral products, Internet, building materials, construction machinery, general machinery, environmental protection, transportation services, software services, warehousing and logistics, components, nonferrous metals and other industries showed rotation, public transportation, aviation, telecommunications operations, banking, electricity, coal, agriculture, forestry, animal husbandry and fishery and other industries showed fine-tuning; In terms of theme plates, sodium batteries, solid-state batteries, power battery recycling, cobalt metal, lithium mines, lithium batteries, quantum technology, high-voltage fast charging, BC batteries, supercapacitors, MCU chips, composite copper foils, nickel metals, graphene, fuel cells, energy storage and other themes are rotating, while ST plates, pork, chicken, synthetic biology, human brain engineering, satellite navigation, copper cable high-speed connection, quantum technology and other themes are weakening.

Hot Plates

The electrical equipment sector showed intraday strength, with Jinyang shares, Blue Ocean Huateng, Lingpai Technology, Hezong Technology, Dangsheng Technology, King Kong Photovoltaic, Nebula shares, Zijian Electronics, Wanli shares, Fengyuan shares, Junda shares, Shangtai Technology and other stocks showing intraday strength.

The construction machinery industry showed intraday activity, Anhui Heli, XCMG Machinery, Tianqi shares, Rainbow shares, Zoomlion, Weiwan seal, Sany Heavy Industry, construction machinery, Hengli hydraulics, Taiyuan Heavy Industry and other stocks showed intraday strength.

The mineral products industry showed intraday changes, and stocks such as Suotong Development, Jinbo Shares, Dale New Materials, Zhongke Magnetics, Earth Bear, Meichang Shares, Oujing Technology, and Yishitong showed intraday increases.

The non-ferrous industry sector showed a pull-up, with stocks such as Tianli Lithium Energy, Hanrui Cobalt, Sanxiang New Materials, Weiling Shares, Tengyuan Cobalt, Jixiang Shares, Huayou Cobalt, Xiamen Tungsten, Ganfeng Lithium, Oriental Zirconium, and Hesheng Shares showing a strong rise.

The semiconductor equipment sector fluctuated higher, with Xinyuan rising by more than 10%, Guangli Micro, Huahai Qingke, Hymsing, Tuojing Technology, Changchuan Technology, etc. Huaxi Securities said that on the whole, the localization rate of semiconductor equipment is less than 20%, which is still at a relatively low level, and the agency estimates that the localization rate is still less than 10% in the fields of lithography, quantity / detection, gluing and development, ion implantation equipment, etc., and in the context of localization, it is optimistic about the rapid increase in the localization rate of local equipment.

Shipping stocks fluctuated and rose, Phoenix Shipping rose more than 8%, Ningbo COSCO rose more than 5%, Shenghang shares, China Merchants South Oil, COSCO Shipping Holdings, COSCO Shipping Special, COSCO Shipping Development, COSCO Shipping Energy, etc. followed up. On the news side, the European line container shipping index rose more than 5% in early trading, continuing to hit a new high since its listing.

The lithium battery sector strengthened in early trading, Tianji shares, Fengyuan shares, Times Wanheng daily limit, German Nano, Lingpai Technology rose more than 10%, Tianli Lithium Energy, Yiwei Lithium Energy, Xiangfenghua, Dangsheng Technology, etc. followed up. On the news side, on May 8, the Ministry of Industry and Information Technology publicly solicited opinions on the standard conditions and announcement management measures for the lithium battery industry (draft for comments). Among them, it is proposed to guide enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs.

The photovoltaic sector rebounded in early trading, Mubang Hi-Tech took the lead in sealing the daily limit, and Meditech, Junda shares, Hoymiles shares, King Kong PV, etc. rose first. On the news side, LONGi Green Energy announced that it has been certified by the Hamelin Institute for Solar Energy (ISFH) in Germany that the photoelectric conversion efficiency of its back-contact crystalline silicon heterojunction solar cell (HBC) has reached 27.3%. This figure sets a new world record for the conversion efficiency of monocrystalline silicon photovoltaic cells.

The TOPCON battery concept continued to rise, with Junda shares, Mubang Hi-Tech, and Boamax Technology rising to the limit, and EGing Optoelectronics and Aiko shares following suit.

The pharmaceutical business sector fluctuated and strengthened, with Dajia Weikang rising more than 10%, Jianzhijia rising more than 6%, and Sinopharm, Yifeng Pharmacy, and Neptunus Biotechnology following suit.

Manganese dioxide concept stocks fluctuated higher, Xiangtan Electrification rose by the limit, Red Star Development, Sinosteel Tianyuan, Western Mining, Western Gold, Pengxin Resources, etc. followed up. According to a research report by CITIC Securities, the operation of South32, the world's largest manganese ore producer, has been interrupted, and it is expected to reduce the global manganese ore supply by more than 10% in 2024.

The concept of infants and children and assisted reproduction has risen, Dajia Weikang has risen by more than 10%, and Kangzhi Pharmaceutical, Lanwei Medicine, Yuexin Health, Blonde Labi, Xinguang Pharmaceutical, etc. have followed suit. On the news side, the National Health Commission will hold a press conference at 15:00 on May 9 to introduce the relevant situation of "implementing the requirements of high-quality population development and actively building a fertility support policy system".

Policy Messages

►From January to April, the national railway completed 184.9 billion yuan of fixed asset investment, a year-on-year increase of 10.5%

According to the China Railway Group, from January to April this year, the railway construction was promoted with high quality and efficiency, and the national railway completed the investment in fixed assets of 184.9 billion yuan, a year-on-year increase of 10.5%, and the construction of a modern railway infrastructure system was accelerated. In April, the Chizhou-Huangshan high-speed railway was officially put into operation, injecting new momentum into the development of the tourism economy along the line. The Lanzhou-Wuwei section of the Lanzhou-Zhangjiakou high-speed railway and the Bazhong-Nanchong high-speed railway have started joint commissioning and joint testing, and the project has entered the dynamic acceptance stage, and the countdown to opening and operation has begun; A number of key projects under construction control projects have achieved phased results, Meizhou-Longchuan high-speed railway track laying has been completed, the south of the high-speed railway Chongzuo to Pingxiang section of the tunnel through, Shanghai-Chongqing-Rong high-speed railway Wuhan to Yichang section began to lay tracks, Tianjin-Weihai high-speed railway Tianjin hub project began box girder pouring, Shenyang to Baihe high-speed railway Heiyinggang tunnel successfully through.

►Liaoning issued guidance to increase the allocation of subsidy funds for the promotion of taxi electrification

Recently, the Liaoning Provincial Department of Transportation formulated and issued the "Guiding Opinions of the Liaoning Provincial Department of Transportation on Accelerating the Promotion of Taxi Electrification" to guide the promotion of taxi electrification in various cities in the province. The guidance clearly proposes to increase the allocation of subsidy funds for the promotion of taxi electrification. According to the relevant regulations of the Ministry of Finance and the Ministry of Transport, Liaoning will directly transfer 30% of the price increase subsidy of urban transportation development incentive funds (hereinafter referred to as electrification funds) to cities according to the current base, and the cities will use them to support the promotion of taxi electrification. The annual electrification rate of taxis in each city is linked to the electrification budget of the next year, that is, the renewal ratio is based on 35%, and every 5 percentage points decreased, the electrification budget for the next year will be reduced by 10%; If the renewal ratio is zero, no electrification funds will be arranged next year, and the reduction funds will be arranged and used by the province.

Jufeng view

Overall, the market showed a volatile rebound, and the industries in the two cities rotated again. Electrical equipment, real estate, semiconductors, tourism, mineral products, Internet, building materials, construction machinery, general machinery, environmental protection, transportation services, software services, warehousing and logistics, components, nonferrous metals and other industries showed rotation, public transportation, aviation, telecommunications operations, banking, electric power, coal, agriculture, forestry, animal husbandry and fishery and other industries showed fine-tuning.

Recently, the market as a whole has shown a high-level shock adjustment pattern, and the industry sector has reappeared in structural rotation. Short-term profit-taking triggered a market correction, and stock indices also showed a technical correction. However, with the recovery of short-term sentiment and the digestion of profit-taking orders, the market's enthusiasm for longs has rebounded again, and the two markets have rebounded again during the session. The current market is already in a bull market pattern, and the short-term correction of the market will not hinder the medium-term upward trend. With the continuous strengthening of follow-up policies and the continuous improvement of the domestic economy, the phased market is expected to continue, therefore, in terms of investment opportunities, it is recommended to continue to pay attention to the phased opportunities under the expectation of economic recovery and carry out the medium-term layout. In terms of medium-term strategy, it is recommended to continue to lay out pro-cyclical industries and large-consumption theme opportunities on dips, and it is recommended to continue to pay attention to large-scale infrastructure and large-consumption sectors, and pay attention to the low-altitude economy, artificial intelligence, intelligent machines, and structural opportunities in new energy vehicles, power batteries, photovoltaics, wind power and other themes in the new energy track under the new quality productivity.