Author |Zhu Hualei, editor|Wang Jinxi.
*: Jufeng Investment Advisory, good ** application.
Brief description of the plate
The market showed a narrow range of ** adjustment in early trading, and the industries in the two cities rotated again during the session. Coal, shipbuilding, media and entertainment, electric power, water affairs, tourism, aviation, Internet, petroleum, transportation services, comprehensive, construction machinery, gas and heating, environmental protection and other industries show rotation, wine, real estate, IT equipment, semiconductors, software services, warehousing and logistics, electrical equipment, communication equipment, hotel catering, insurance and other industries presentIn terms of theme plates, aquatic products, nuclear power and nuclear energy, nuclear pollution prevention and control, shipping concepts, controllable nuclear fusion, biological intelligence, e-paper, sewage treatment, solar thermal power generation, air treatment, energy conservation, the Belt and Road, green power, large aircraft, new towns and other themes are in rotation, CXO concepts, digital watermarks, memory chips, BC batteries, HJT batteries, ** medicine, automotive chips, NVIDIA, pork, MCU chips, Apple concepts, information innovation and other themes are weakening.
Hot Plates
The ship sector showed an intraday rise, China's coastal defense impact limit, Yaxing Aiming Chain, Zhongke Haixun, Jianglong Shipbuilding, Guorui Technology, China Shipbuilding Defense, China Shipbuilding Technology, China Shipbuilding, etc.
The coal sector is higher, Yunmei Energy has a daily limit, and Pingmei Shares, Jinkong Coal Industry, Shanxi Coking Coal, and China Coal Energy are among the top gainers. On the news side, according to the tariff rules of the "Import and Export Tariff of the People's Republic of China (2024)" announced by the Customs Tariff Commission, coal import tariffs will be resumed from January 1, 2024. The ordinary tax rate is 20%;The preferential tax rate is 0;The agreed tax rate is basically 0;The most-favoured-nation (MFN) tax rate is 3% for anthracite, coking coal and lignite, and 6% for other coal.
The aviation sector was active intraday, with the daily limit of aerospace power, and the steel research institute Gaona, Tianao Electronics, Triangle Defense, Parker New Materials, Aerospace Electronics, Longda Shares, AVIC Hi-Tech, Huaqin Technology, Aileda, AVIC Xifei, etc.
The environmental protection sector showed an intraday rise, and CLP Environmental Protection, Shenwu Energy Conservation, New Power, Feinan Resources, Construction Engineering Restoration, Fuchun Environmental Protection, Guanzhong Ecology, China Holding Shares, Dongjiang Environmental Protection, Jiarong Technology, Yuhetian, etc.
Shipping stocks rose sharply, Air China COSCO rose more than 10%, Ningbo COSCO rose more than 5%, Huaguang Haihai, Jinjiang Shipping, Haitong Development, COSCO Shipping Holdings, etc. followed suit. On the news side, on December 31, due to the continued impact of the Red Sea incident, the world's second largest class ** Simask, which had just announced its return to the Red Sea, announced today that it would suspend 48 hours of Red Sea transportation.
The concept of nuclear pollution prevention and control continued to rise, with the 20cm daily limit of Jieqiang Equipment, the daily limit of Zhongsheng Hi-Tech, and the daily limit of CLP Environmental Protection, Zhengguang Shares, Construction Engineering Restoration, and Aerospace Chenguang rising first. In addition, the limit of aquatic stocks and Great Lakes shares is limited. On the news side, according to Japan's "Yomiuri Shimbun", Tokyo Electric Power Company announced on January 1 that the ** incident in Ishikawa Prefecture, Japan, on the same day caused the cooling water in the fuel pool of the Kashiwazaki Kariba Nuclear Power Plant to overflow.
The military sector rose intraday, pagoda industry, aerospace power, China's coastal defense rose 8%, and Northern Changlong, Tianao Electronics, Triangle Defense, and Yaxing Anchor Chain rose highly. Huaxi ** research report believes that standing at the moment, the military industry is one of the few industries with a clear inflection point, and the equipment orders that have been stagnant for two years are about to restart, and it is judged that the next two years will usher in compensatory growth. At the same time, the National Defense Industry (CITIC) Index has returned to the level of July 2020, and according to the peak at the end of 2021, it has fallen by 1 3. In 2024, the sector will usher in a double increase in prosperity and valuation, and the investment cost performance is outstanding.
The concept of digital currency has moved up, Yuyin shares have risen by the limit, and New Cape, Chuangzhi Technology, Hanbao shares, Tianyu Information and other shares have risen highly. On the news side, Shanghai has implemented more than 1.4 million pilot application scenarios of digital yuan, launched 22 pilot projects of the People's Bank of China's fintech innovation regulatory tools, and the first batch of 26 pilot projects of fintech innovation in the capital market. In addition, according to the information announcement on the official website of the People's Bank of China (as of December 2023), the People's Bank of China (PBOC) issued the Yinxu Zhu Decision [2023] No. 189, agreeing to the change of Alipay (China) network technology*** to no actual controller.
PEEK material concept stocks rose again, Xinhan New Materials, Shuanglin Shares, Fuheng New Materials, Zhongxin Fluorine Materials rose more than 5%, and Huami New Materials, Zhongyan Shares, etc. followed suit. According to the analysis and calculation of the national financial research report, PEEK materials are suitable for use in medical, automotive and robotics and other fields with high requirements for lightweight, and the domestic demand for PEEK materials has reached more than 16.7 billion yuan in 27 years.
MicroLED concept stocks rose **, Lianjian Optoelectronics 20cm daily limit, Jucan Optoelectronics, Lehman Optoelectronics, Yitian shares rose more than 5%, Ruifeng Optoelectronics, Leyard, etc. followed up. On the news side, according to WellsennXR's BOM dismantling of Apple's MR, VisionPro will spend nearly 50% of the cost on the Micro-OLED (silicon-based OLED) inner screen.
The concept of mixed reality has been repeatedly active, Liding Optoelectronics has 4 boards, Kechuan Technology, Space-Time Technology, and Daoming Optics have risen by more than 15%, and Shuangxiang Co., Ltd. and Wufang Optoelectronics have risen to the top. Caitong** research report pointed out that in 2024, there will be more catalysts in the mixed reality industry, from the first quarter of the CES exhibition **P's sale, the long queue after the **P listing, the 2nd generation ** chain order and the 1st generation of possible chasing orders, non-A side of various XR products, especially the high-end MR follow-up, 24 years will be a colorful year for the industry.
Nuclear power stocks opened actively, Changfu shares 30cm daily limit, Nanfang Road Machinery, Shangwei shares, Heforging Intelligent daily limit, Libertic, Baose shares, Heforging Intelligence, Jingye Intelligence, etc. rose more than 5%. On the news side, on December 29, the controllable nuclear fusion innovation consortium composed of 25 central enterprises, scientific research institutes, universities, etc. was officially announced. The meeting said that since the beginning of this year, the State-owned Assets Supervision and Administration Commission has launched the implementation of the future industry sailing action, clarifying that the field of controllable nuclear fusion is the only direction of future energy. In addition, on December 29, after deliberation by the Standing Committee of the People's Republic of China, it was decided to approve the Jinqimen Nuclear Power Project and the Taipingling Nuclear Power Project Phase II Project.
Policy MessagesThe central bank's open market net withdrawal was 869 billion yuan
The central bank carried out a 7-day reverse repurchase operation of 137 billion yuan today, and the winning interest rate was 180%, the same as before. Due to the expiration of 1,006 billion yuan of reverse repurchase today, a net return of 869 billion yuan was realized.
Caixin China's manufacturing PMI edged up to 50 in December8
The Caixin China Manufacturing Purchasing Managers' Index (PMI) for December 2023, released today, recorded 508, up from 0 in the previous month1 percentage point, which has been in the expansion range for two consecutive months.
Jufeng view
Overall, the market showed a weak ** adjustment, and the industries in the two cities reappeared in rotation during the session. Coal, shipbuilding, media and entertainment, electric power, water affairs, tourism, aviation, Internet, petroleum, transportation services, comprehensive, construction machinery, gas and heating, environmental protection and other industries show rotation, wine, real estate, IT equipment, semiconductors, software services, warehousing and logistics, electrical equipment, communication equipment, hotel catering, insurance and other industries present
Recently, the market has bottomed out, and the short-term trend has reversed, but the repair of the market is still facing short-term pressure, on the one hand, in the recent **, the market has accumulated profit-taking, and on the other hand, the technical pressure on the upward movement of the stock index. In the short term, the market may be affected by the sell-off in the short term, but the overall trend of the market will continue to maintain the upside. At present, the overall sentiment of the market has rebounded, and investors' risk appetite has also improved. At present, the market is at the historical bottom of valuation, and the value of the market's medium-term allocation is highlighted. At the same time, the counter-cyclical and cross-cyclical adjustment of the policy side is expected to continue to stabilize and recover the domestic economy this year. With the end of the Fed's tightening cycle and the continued improvement of the domestic economy, the improvement of the internal and external environment of the market will help the market to repair in the medium term. Therefore, in terms of investment strategy, investors will pay attention to the theme of large infrastructure and large consumption under the expectation of economic recovery in the medium and long term, and pay attention to opportunities in industries such as new energy vehicles, consumer electronics, real estate, chips, food and beverage, software, and communication equipment.
Author: Zhu Hualei Practicing Certificate: A0680613030001
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss.