Source: Daily Economic News
The African "moths" have come to China.
The meadow moth, also known as the autumn armyworm, originated in South and Central America, and has spread to Africa and Asia for more than a decade, causing great harm to a variety of grass crops, especially corn, and ranking among the world's top ten plant pests. It was first discovered in Yunnan Province, China, at the beginning of this year, and spread rapidly in South China, Southwest China and Jiangnan, and was also found in Xichang City, Sichuan Province.
On May 17, n+ Finance (WeChat: njcjnews) reporter interviewed Yang Yi, a staff member of the plant quarantine station of the Zhaojue County Agricultural and Rural Bureau, who said that Zhaojue County is more than 100 kilometers away from Xichang and is currently carrying out the investigation of the grassland night moth. According to the 2019 Grassland Nightcrawler Prevention and Control Technical Program (Trial) issued by the Ministry of Agriculture and Rural Affairs and the FAO Guidance Manual for the Prevention and Control of Grassland Nightcrawler, the chemical pesticides registered for the prevention and control of this pest abroad include chlorantraniliproben, cypermethrin, and cyanopyridoxine.
Because of the African "moth", in recent days, A-share-related stocks and a new third board listed company have attracted attention. In this regard, n+ finance (WeChat: njcjnews) reporter also sorted out the product situation of some companies. The A-share market has always been keen on the concept of creation, and the emergence of the grass moth has made the A-share have a new concept - the concept of moth treatment, and related concept stocks are also sought after by funds.
Biological control and emergency control can be achieved
The grassland moth, which acts at night, is organized and disciplined, is wreaking havoc in many parts of the world, and is jokingly called the African "moth" in China.
For more than a decade, the grassland moth has spread to Africa and Asia, causing great harm to a variety of grass crops. In August 2018, the Food and Agriculture Organization of the United Nations issued an early warning to the world. The hatched larvae of the moth like to eat more than 80 kinds of plants such as corn, sugarcane, sorghum, potatoes, etc., and the yield is generally reduced by 20% to 30% after the farmland is damaged, causing a harvest when severe, and it is one of the top ten plant pests in the world.
In addition, the reproductive ability of the grassland moth is far greater than that of the corn borer, the number one pest of the current corn, and a female moth can lay 100 to 200 eggs each time, and can lay 900 to 1000 eggs in a lifetime, which is equivalent to 10 times that of ordinary vegetable moths. Even more exaggerated is the ability to fly, the adult moth can fly 100 kilometers per night. In early 2016, the grassland moth was first detected invading West Africa and became a disaster, causing economic losses in Africa in 2018 as high as $1 billion to $3 billion, and the area of corn seed destruction accounted for 5% to 6% of the total sown area.
Image source: Fujian Provincial Rural Agriculture Department official website
In July 2018, the meadow moth was first introduced to Asia. In January this year, the invasion hazard of grassland nocturnal moth was first detected in Yunnan Province, China.
According to the data of the Ministry of Agriculture and Rural Affairs in April this year, the grassland night moth was seen in Yunnan, Guangdong, Guangxi and other three provinces, with an area of about 70,000 mu and a prevention and control area of more than 100,000 mu, with a good prevention and control effect and a stable overall occurrence.
According to the news of the National Agricultural Technology Extension Service Center on May 14, as of May 10, 13 provinces in China have found larvae as maize, and the preliminary statistics have reached 1.08 million mu.
A few days ago, the grassland night moth ran to Sichuan. To this end, the agricultural department of Sichuan Province also held a meeting and issued a notice, requiring all localities to strengthen the prevention and control of the grassland night moth.
In early May, the grassland moth was found in Xichang and Hejiang. On May 13, the sichuan province grassland night moth emergency prevention and control on-site training meeting was held in Xichang. The meeting made it clear that through relevant technical measures, it will ensure that the descendants of the grassland moth will not erupt into disaster, the colonized population will not transfer harm, and strive to prevent and dispose of the rate of more than 90%, and the overall harm loss rate of the grassland moth will be controlled within 8%.
"This week we have been going to the countryside to conduct a census, and no cases have been found so far (in Zhaojue County)." Yang Yi told n+ Finance (WeChat: njcjnews) reporter that the most powerful thing about the grassland night moth is that it can fly a hundred kilometers a night.
Yang Yi said that the grassland night moth is mainly harmful to corn and rice, but it is not uncontrollable. "Through drug control, such as high-efficiency cypermethrin, tomorrow we will also go to purchase these drugs."
In fact, the focus of the control of the grassland nightcrawler is larval control. Larval control is divided into biological control and emergency control, Yang Yi said that the high efficiency cypermethrin is for the emergency control of the larvae of the ground moth. High-efficiency cypermethrin is one of the chemical pesticides registered by the Food and Agriculture Organization of the United Nations for the prevention and control of grassland nocturnal moth and foreign registers for the prevention and control of this pest, and the remaining pesticides also include chlorhexabenzamide, cyperamide bromide and so on.
Biological control refers to the selection of spraying of albicans, aeruginosa, bacillus thuringiensis preparations, and biopesticides such as polybactericides, matrine, neem and so on at the beginning of egg hatching.
n+ Finance (WeChat: njcjnews) reporter noted that in addition to dow, DuPont, Bayer and other international giants have laid out these pesticide products, whether it is high-efficiency cypermethrin for emergency control or spraying white zombies for biological control, green zombies, etc., some listed companies or companies listed on the New Third Board have been involved.
A number of listed companies have related prevention and control products
Due to the invasion of the grassland moth, companies with related control products have attracted attention in the A-share and New Third Board capital markets.
According to the Information Network of Pesticide Information In China, a certain insecticide produced by Shandong Meiluofu Agricultural Science and Technology Co., Ltd. contains 0.3% matrine. The company is a new third board listed enterprises, last year achieved operating income of 154 million yuan, an increase of 116.09% year-on-year.
A pesticide produced by toyoyama Group (603810, sh) contains 0.3% matrine. Fengshan Group disclosed that the company has a preparation capacity of 20,000 tons, more than 100 varieties of compound preparations, and some products can be used for the prevention and control of grassland night moth.
Yangnong Chemical (600486, sh) produces two types of pesticides, cypermethrin and high efficiency cypermethrin, respectively, of which the total content of the original drug cypermethrin is 93%, and the total content of the high-efficiency cypermethrin component is 95%. Yangnong Chemical's operating income last year was 5.291 billion yuan, an increase of 19.21% year-on-year. Among them, the operating income of insecticides was 2.650 billion yuan, accounting for 50.94%. n+ Finance (WeChat: njcjnews) reporter called Yangnong Chemical as an investor, and the relevant person of the company said that the company only produces original drugs and provides original drugs to self-made enterprises.
Anhui Huaxing Chemical Co., Ltd., a wholly-owned subsidiary of Hong Kong-listed Dasheng Agricultural Finance (01103, hk), produces pesticides containing high-efficiency cypermethrin. A pesticide produced by Red Sun (000525, sz) contains highly potent cypermethrin with a content of 12.5%. Red Sun's operating income last year was 5.908 billion yuan and net profit was 637 million yuan.
Chlorhexabenzamide produced by Shandong Weifang Runfeng Chemical Co., Ltd., which was listed on the New Third Board, has a total content of 98%. The company has been delisted from the New Third Board, and in 2017, it filed for the A-share ChiNext Board and is sprinting for IPO.
The content of chlorobenzamide in a pesticide product of Noopsin (002215, sz) is 5%. n+ Finance (WeChat: njcjnews) reporter called the company's securities department as an investor, and relevant people said that the company has pesticide products to prevent and control grassland moths.
Shanghai DuPont Agrochemical Co., Ltd. products include cyanoproteran amide bromide, with a content of 94%. After penetrating the equity, the shareholder behind the company is Huayi Group (600623, sh). Shanghai Huayi Group Investment Co., Ltd., a wholly-owned subsidiary of Huayi Group, holds 20% of the former's shares.
In addition, listed companies such as Hellier (603639, sh) also revealed products for the grassland moth on the investor interaction platform.
The "moth concept stock" turned out to be a reality
The A-share market has never lacked concepts, and is also good at grasping any "wind and grass" that can create concepts and take advantage of the situation to speculate. The grass moth instigated its wings, and a whirlwind blew. No, the A-share market has recently given birth to a new concept - the concept of moth control, and related concept stocks are also sought after by funds.
On May 16 and 17, Zhongnong Lihua (603970, sh) continued to rise and stop, and Huifeng (002496, sz) also rose more than 15%. n+ Finance (WeChat: njcjnews) reporter noted that these concept stocks are a sudden pulse of rise, because not all stocks have reached the conditions of stock price change, at present, only a few stocks such as Huifeng shares have dragon and tiger list data.
Huifeng shares on the 16th after-hours Dragon and Tiger list data show that the purchase seats are all floating capital, including Huatai Securities Co., Ltd. Suzhou Heshan Road Securities Business Department. Relatively speaking, these buyer business departments are not well-known and lack the top floating funds in the market.
It is worth mentioning that there are well-known floating funds lurking in advance huifeng shares, And the wuxi Qingyang Road Securities Business Department of China Investment Securities Co., Ltd. sold 10.7897 million yuan on the same day, ranking first in the sale.
There are also lively interactive platforms for investors of listed companies, involving nearly 50 Q&A questions and answers involving the night moth, such as Fengshan Group (603810, sh), Yangnong Chemical (600486, sh), Jiangshan Shares (600389, sh) and so on. Norpuxin (002215, sz), Adama (000553, sz) and Hellier disclosed through announcements or interactive platforms that the company's products involve "moth- control" agents.
Adama said the company has several products that can be used to deal with the grass moth, such as Raymond, Ridge and so on. Nopuxin said that the company has pesticide products for such pests and diseases, and the second and third quarters belong to the peak sales season of pesticide preparations. Heilier said that the company has developed a number of product solutions for the grassland moth, and the market response is good.
In terms of stock price performance, Adama, Norpesin and Hellier all rose and fell back on the morning of May 17, and Hellier showed a downward state. On the contrary, zhongnong Lihua and Huifeng shares, which have not recently disclosed the relevant information on the prevention and control of grassland moths, still maintain a strong upward trend.
Yongtai Technology (002326, sz) was also asked whether the subsidiary's high-efficiency cypermethrin had a killing effect on the dryland nightcrawler. The company responded that its holding subsidiary, Jiangsu Subin Biological Agrochemical Co., Ltd., currently holds the original drug registration certificate of high-efficiency cypermethrin, and holds the registration certificate of thiose and perchlorinated fluoride preparation (the active ingredients are high-efficiency cypermethrin and thiamethiazide). On May 17, Yongtai Technology's stock price fell, falling more than 3%.
"This is just a hot spot rotation, not very sustainable." A private equity person told n+ Finance (WeChat: njcjnews) reporter that the speculated Zhongnong Lihua and Huifeng shares have something in common - small plates and low market value.
Zhongnong Lihua is a new stock, and the current circulating market value is only more than 1.6 billion yuan. The private equity person said that in general, if it is a hot spot with strong sustainability, it will be led by the individual stocks that are restructured by the industrial explosion. However, judging from the hype rhythm of the concept of the grass moth, the leading stock does not see that it is the fundamental reversal brought about by the valuation restructuring. He reminded: "This shows that the concept of chips is king is hyped, beware of the stock price falling after the continuous shortage." ”
Reporter | Xu Shuai