Soared by more than 36%! The strongest track of the A-share year was born, and these two shares directly doubled

Securities Times E Company

2024-05-18 08:49Published on the official account of "Company E" under Guangdong Securities Times

On Friday, the three major A-share stock indexes closed in the red, all up more than 1%.

Among them, the Shanghai Composite Index closed at 3,154.03 points, which has rebounded nearly 20% from the low of 2,635.09 points before the Spring Festival this year. In this round of A-share rebound, a number of industry sectors performed well, with the non-ferrous metal sector topping the list with a 36.6% increase, followed by the household appliances sector, rising 35.6%, becoming a dark horse that has attracted much attention recently. In addition, the national defense industry, basic chemicals, communications and other sectors rose by more than 30%.

However, it is worth noting that since May, with the continuous stimulus of the property market policy, the real estate sector has soared, rising 13.6% in the month, followed by the building materials sector, with an increase of 7.2%, becoming the new main line of the current market.

From a fundamental point of view, it is not so surprising that non-ferrous metals outperform major sectors, and A-shares have already set off multiple rounds of "periodic table" market during the year.

Since March this year, the rise in gold prices has continued to attract market attention, while gold and silver continue to refresh historical highs, copper, tungsten, nickel and other non-ferrous commodities have also ushered in soaring prices. For example, taking tungsten, which is known as an "industrial tooth", as an example, the price of tungsten concentrate has risen all the way to 150,000 yuan/ton this year, an increase of more than 25% from the beginning of the year, reaching a record high in the past 10 years.

Under the boom of the industry, funds are more sought after for the non-ferrous metal sector. Wind data shows that since February 6 this year, in the Shenwan non-ferrous metals industry sector index, precious metals represented by gold and silver have risen first, followed by tungsten, molybdenum, cobalt, etc., which have risen by more than 50%, and nickel, copper, lead and zinc have risen by more than 40%. In terms of individual stocks, two stocks, North Copper and Xiaocheng Technology, doubled, followed by Jiaozuo Wanfang, Shengda Resources, and Xingye Yintin, which rose by more than 80%.

Compared with the high-profile non-ferrous metal sector, the sharp rebound in the home appliance sector is somewhat unexpected, but it is also reasonable.

Wind data shows that the household appliances sector of the Shenwan Industry Index has risen by 35.6% since February 6, of which white goods, kitchen and bathroom appliances, small household appliances and other performances are more eye-catching, and the clean small home electronics sector has risen by 65.6%. In terms of individual stocks, TCL Zhijia topped the list with a 118.13% increase, and Sichuan Jiuzhou, Ecovacs, Martian, and Ousheng Electric rose by more than 70%.

From a fundamental point of view, in the first quarter of 2024, the domestic sales of home appliances will continue to recover, the demand for home appliances will be stable, and the growth of overseas markets will become a bright spot. According to data from the General Administration of Customs, the home appliance industry continued its prosperity in 2023 in the first quarter, with an export value of 161.49 billion yuan, a year-on-year increase of 8.58%, and a cumulative year-on-year increase of 20.86% in export volume.

In the first quarter of this year, the performance of listed companies was also impressive, with the single-quarter revenue of the three giants of home appliances, Midea, Haier, and Gree, increasing by up to 10% year-on-year, and net profit all achieving double-digit year-on-year growth.

It is worth noting that small household appliances have sprung up in various categories. Among the 23 listed small household appliance companies, 19 net profits rose year-on-year, and the growth of export revenue may be the main reason for the company's performance. For example, Roborock achieved revenue of 1.841 billion yuan in the first quarter, a year-on-year increase of 58.69%; net profit was 399 million yuan, a year-on-year increase of 95.23%.

It is worth noting that the recent policy side has also brought help to the home appliance industry. In April this year, the Ministry of Commerce and other 14 departments jointly formulated the "Action Plan for Promoting the Trade-in of Consumer Goods" announced, encouraging qualified localities to subsidize consumers to buy green smart home appliances, and then Zhejiang, Guangdong, Hunan and other places issued the implementation plan for the trade-in of consumer goods, which clarified the scope of support and subsidy details for consumers to participate in the trade-in of automobiles and home appliances.

Since May, the pattern of various sectors of the market has changed, and the real estate sector has once again become the focus. Wind data shows that since May, the two sectors of real estate and building materials have led the whole market, of which the real estate services sub-sector has risen by 24.39%.

Recently, favorable policies for real estate have continued to be introduced. Since mid-to-late April, the real estate sector has begun to heat up, and the rebound of real estate stocks in Hong Kong stocks is particularly impressive, since April 29, Shimao Group has risen by more than 270%, China Aoyuan, China South City, Times China Holdings, Kaisa Group, etc. have risen by more than 100%.

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