Hexun stock internal reference: A shares are more profitable and more than 3300

The world's financial affairs, all in the stock stock (micro signal: istocknews) internal reference!

[Stock Market Highlights]

People's Daily: The expectation of RMB depreciation will gradually disappear and the two-way floating will become the norm

The People’s Daily published an article saying that the market’s discussion of the RMB exchange rate began to change from “Will it continue to depreciate” last year to “Does the appreciation continue?” In this regard, experts pointed out that with regard to the RMB exchange rate, the market should no longer simply entangle with whether it is unilateral depreciation or unilateral appreciation, especially with the continuous improvement of the market mechanism of the RMB exchange rate, the decisive role of the market in the RMB exchange rate will become more and more important. Large, and taking into account the support of China's economic fundamentals and changes in the international currency market, in the future, while maintaining basic stability, a reasonable two-way floating will become the normal state of the RMB exchange rate.

China Securities Regulatory Commission: China Unicom's mixed-reform financing matters apply "old methods"

The official website of the China Securities Regulatory Commission released a message yesterday evening that the non-public offering of shares involved in China Unicom's mixed reforms was handled as a case and applied to the rules before the revision of the SFC's refinancing system on February 17, 2017. This undoubtedly dispelled the industry's speculation that under the new refinancing policy, China Unicom's mixed reform involves the issue of non-public offering pricing and fixed issue volume.

Short-term financial risk prevention clarifies the central bank’s claim

Preventing systemic financial risks is an eternal theme of financial work. Yin Yong, deputy governor of the People's Bank of China, recently made a short-term report on risk prevention in the financial sector and how to make up the shortcomings. He said that an important reason for the accumulation of risks in China's financial system is that there are institutional shortcomings in the process of construction and management, especially in terms of regulatory arbitrage, complex financial system, unscrupulous financial management, and rigid redemption.

Securities Daily Front page: Pension stocks appear to boost investor confidence

The front page of the Securities Daily stated that pensions entering the market will provide a long-term source of funding for the A-share market. It is reported that the whole market currently has a pension of about 170 billion yuan, and the Social Security Fund Council manages about 60 billion yuan, and 110 billion yuan is entrusted to the management institutions. The stock asset allocation size is about 15 billion yuan. It can be judged that the future pension will continue to be accounted for and investment will provide a long-term source of funds for the A-share market.

The oil and gas reform package will be intensively

From the 2017 Energy Transformation High-Level Forum held on August 19th, it is understood that two-thirds of the country's natural gas market needs to be developed. It is still a long way to go to achieve the goal of 10% of natural gas in primary energy by 2020. Under this, a package of policies is being prepared, and the Ministry of Land and Resources is studying and formulating normative documents for the reform of the oil and gas management system. The National Energy Administration has issued relevant documents on the interconnection of oil and gas pipelines to the localities, and will accelerate the development of natural gas infrastructure. Build and establish opinions on the natural gas peaking market mechanism, and formulate policies related to the integration of natural gas and new energy.

1004 companies disclosed that the semi-annual report exceeded 70% of net profit growth cyclical industry performance

From the perspective of ROE, among the 1,004 companies that issued semi-annual reports, the number of companies with a positive return on weighted net assets was 920, and 83 companies had negative weighted average return on equity, and another company. no data. Among them, 552 companies' weighted return on net assets increased year-on-year, accounting for about 54%; and there were 445 companies with a decline, accounting for about 44% (the other seven companies have no data). The industry believes that there is an important reason for some companies to complete additional issuance last year, the net assets increased, but it will take some time for these funds to play their due benefits, so the profitability will decline in a short period of time.

[Explore investment opportunities]

【policy】

1. The third batch of pilot reforms of central enterprises will soon start the reform of state-owned enterprises.

According to media reports, the latest batch of pilot enterprises related to the reform of central enterprises, which was led by the National Development and Reform Commission, has entered the final stage of tackling the difficulties. Up to now, a total of 8 companies have been included in the pilot considerations, including COFCO Capital under COFCO and CICC Jewellery under China National Gold Group. Enterprises that eventually get the NDRC "passport" will be produced from the above eight. The press conference of the National Development and Reform Commission held last Friday revealed that the NDRC has selected the third batch of pilot enterprises and is currently submitting for approval according to procedures. In addition to central enterprises, some local SOEs are included in the pilot.

Among the A shares, COFCO Biochemical 000930, stock bar, Zhongjin Gold 600489, the stock bar is shortlisted for the latest batch of mixed list of COFCO Group, China National Gold Group listed companies.

2. The establishment of Hebei Geothermal Industry Association is expected to promote the acceleration of geothermal heat in Xiong'an

According to the Hebei Economic Daily, the Hebei Geothermal Industry Association was established in Xuanhua District, Zhangjiakou City. According to reports, the association is the first association in China to focus on the geothermal industry. The Hebei Geothermal Industry Association will be committed to leading the geothermal industry in Hebei Province into an efficient and rapid period of vigorous development, contributing to the economic and social development of Hebei.

Related "Green Xiong'an" geothermal industry chain involves listed companies such as: Hanzhong Seiki 002158, stock bar, snowman shares 002639, shares bar and so on are expected to benefit.

3, Xiong'an promotes trillions of green financing needs PPP garden windward

The Xiong'an New District Green Financial Planning Report released on the 19th pointed out that the demand for green investment and financing in Xiong'an New District is mainly from three aspects, including pollution control, ecological restoration and protective development, infrastructure construction and green building in green smart cities. , clean energy and resource conservation. Ma Jun, chief economist of the Central Bank Research Bureau and director of the Green Finance Professional Committee of the China Finance Association, pointed out that the construction of Xiong'an New District is expected to have a green financing demand of one trillion yuan, of which government funds can only meet a small part, and it is vital to attract social capital. .

Among the listed companies, Oriental Garden 002310, the stock bar is the leader of PPP garden; Palm shares acquired 45% equity of New Zhongyuan last year to strengthen the strength of PPP.

4. Xiong’an film industry plan will launch nearly 100 intelligent cinemas in the future.

According to reports, China Film Co., Ltd. recently held a strategic investment cooperation signing ceremony in Xiong'an New District, injecting Hebei Shuaikang Seating Co., Ltd. and Xiongxian Baima Food Co., Ltd. to lay out the national industrial chain of the cinema line. Hebei Shuaikang Seat Co., Ltd. is a professional seat supplier in Xiong'an New District. In 2016, the company produced and sold more than 2 million sets of “Condit” professional seats, accounting for 70% of the domestic cinema seat market share. It is reported that the total capital injection of Chinese films on the two companies will not be less than 1 billion yuan. The funds raised by the two companies will be used to acquire domestic production lines such as seats, curtains, and audio, and will enter the entire industry chain of the theater.

Chinese film is a central enterprise for film and television industry. The strategic investment cooperation in Xiong'an will lay a leading position in the future film industry of Xiong'an New District. Beijing Culture 000802, the stock market is Beijing Film and Television Company, is also the most direct concept stock of the recent popular movie "Wolf 2".

5. State Grid has built the world's largest car network charging pile investment continues to grow

State Grid said on the 20th that its subordinate car networking platform has been interconnected with 17 charging operators, achieving unified access and unified payment for most of the nation's charging piles. At present, the State Grid has built more than 45,000 charging piles, and the total number of charging stations connected to the charging network exceeds 167,000. It has become the smartest vehicle network with the widest coverage, the most access equipment and the highest technical level in the world. By 2020, the State Grid plans to build 120,000 charging piles, and the smart car networking platform will access 800,000 public piles.

Heshun Electric 300141, stock bar, Autoxun 002227, stock bar and other companies charging equipment business accounted for a relatively high proportion of the main camp

6. The Industrial Internet will be given a policy to support the industry and expand into the expansion period.

At the 2017 China Enterprise Internet Conference held on the 19th, the relevant person in charge of the Ministry of Industry and Information Technology said that it will implement major industrial Internet projects and build about 10 state-level industrial Internet platforms and a number of industry Internet platforms. In addition, enterprises will be encouraged to carry out digital transformation, plan to develop policy measures and operational guidelines to support enterprises on the cloud, vigorously promote the deep integration of the two, and deepen the application of information technology in key industries.

Dongtu Technology 300353, the stock bar for the industrial Internet overall solution provider; high emerging 300098, shares through the acquisition of ZTE IOT assets, layout of the enterprise-level Internet of Things market.

7. The first Internet court in China unveiled the scale of e-government investment in Hangzhou

On August 18th, the first Internet court in the country settled in Hangzhou. In the future, all Internet-related cases in Hangzhou will be heard in Internet courts. From the prosecution to the final judgment, all parties will complete online through the Internet. The establishment of the Internet Court also means that the centralized jurisdiction of the Internet-related cases in China and the professional trials have opened a new chapter.

Yanji Software 002474, one of the seven “balanced engineering” service providers in the country; Jiuqi Software 002279, the stock company to acquire the leading enterprise in the field of judicial information, Huaxia Dentsu, the business extends to the digital court field based on video.

[price increase]

1. Glyphosate faucet encounters environmental protection report shortage during the peak season or skyrocketing prices

According to the website of Sichuan Leshan Environmental Protection Bureau, Leshan Fuhua Chemical and Hebang Bio, the country's largest glyphosate production enterprises, were reported by the local people for environmental protection problems such as irritating harmful gas and waste water. The environmental protection department confirmed the report on the spot. After the environmental protection department interviewed and slandered the responsible person of the enterprise, it proposed a series of corrective measures. At present, Sichuan and Zhejiang are welcoming the fourth batch of central environmental protection inspection teams. According to Baichuan Information Monitoring, the Leshan area started to maintain low load, and the Zhejiang area was under maintenance. The output in August is expected to continue to decline.

Among the A shares, Xin'an shares 600,596, shares, Xingfa Group 600,141, stocks, etc., the normal glyphosate enterprises are subject to

2. BDI rebounded more than 50%. Focus on shipping and cycle sectors.

Beginning in mid-July, the Baltic Dry Index (BDI) continued to rebound. After the "five-year rise", the BDI index was last reported at 1260 points, which has risen more than 53% since July 10.

A shares can focus on the shipping sector, including COSCO Haikong and COSCO Hai Te

3. Zinc price has reached a new high in the past decade, and the kinetic energy is still sufficient.

On Friday, LME zinc rose 2.92% to close at 3,140 US dollars / ton, a total increase of 8% throughout the week, the largest single-week increase since November last year. In the domestic market, the Shanghai zinc main 1710 contract rose 1.31% to close at 26,305 yuan / ton, out of the 5 consecutive Yang trend.

Investment target recommendations focus on Tibet Everest 600338, stock bar, Luoping zinc 002114, stocks.

4. Central supervision promotes environmental protection pressure, and the price of disperse dyes continues to rise.

Recently, dye prices have continued to rise. On the 18th, the mainstream variegated black ECT 300% was raised to 35 yuan/kg, which was 5 yuan/kg higher than the price on August 3, and the cumulative increase in the past month has exceeded 50%.

Among the listed companies, Annoqi 300067 has a capacity of 35,000 tons of disperse dyes. The company has 002,440 shares, and it has 110,000 tons of disperse dyes.

[Listed company]

China Unicom once again announced that the total amount of funds raised for the plan is still 61.7 billion yuan

China Unicom announced in the evening that the company reviewed and approved the non-public offering of stocks and the restricted stock incentive plan (draft) and other bills, and resumed trading on August 21. Before this mixed reform, the company's total share capital was approximately 21.197 billion shares. In the process of this mixed reform, the company intends to issue non-public offerings of no more than approximately 9.037 billion shares to strategic investors, raising no more than approximately 61.725 billion yuan; the Unicom Group will transfer its holdings to the company under the structural adjustment fund agreement. 1.00 billion shares, the transfer price is about 12.975 billion yuan; the first phase of the core employees is granted no more than about 848 million restricted stocks, raising funds of no more than about 3.213 billion yuan. The total consideration for the above transactions does not exceed approximately RMB 77.14 billion. After all the above transactions were completed, according to the issuance cap, China Unicom Group held a total of approximately 36.67% of the company's shares; China Life Insurance, Tencent Cinda, Baidu Pengyi, Jingdong Sanhong, Ali Chuangtou, Suning Yunshang 002024, shares, Guangqi The Internet, Huaihai Ark, Xingquan Fund and Structural Adjustment Fund will hold approximately 10.22%, 5.18%, 3.30%, 2.36%, 2.04%, 1.88%, 1.88%, 1.88%, 0.33%, and 6.11% of the shares, respectively. The newly introduced strategic investors collectively held approximately 35.19% of the shares of the company, further forming a diversified shareholding structure of mixed ownership.

Sun Hongbin listened to LeTV 300104, and more than 120 people reporting the management team will deploy the company's new strategy.

On the second day of LeTV's 15 middle and senior management personnel, a large-scale closed-door meeting of the core members of the new LeTV team was held. Sun Hongbin, who had just held the chairmanship, participated in the whole process. This is the first time that the new LeEco team held a large-scale executive team meeting.

Mergers and acquisitions are still subject to regulatory focus on ST biochemical replacement and restructuring

Last week (August 14-August 18), the Shanghai and Shenzhen Stock Exchange issued a total of 23 regulatory letters, 11 on the Shenzhen Stock Exchange and 12 on the Shanghai Stock Exchange, an increase from the previous month. Among them, the number of inquiries after half a year has dropped to three, and the number of M&A inquiries has been 11. In addition, in addition to the performance of the reorganization target, the relationship, the commitment to fulfill the contract, the Shenzhen Stock Exchange also concerned about the ST biochemical restructuring "lightning" replacement target.

【Market analysis】

Galaxy Securities: can focus on mixed reform, national reform concept stocks

Galaxy Securities said that although the Shanghai Composite Index has been adjusted since 3,300 points, the overall upward momentum of the market has not been damaged. However, given the fact that the two cities have always maintained a stock game, the capital chasing mentality is more cautious. Will be blocked. On the one hand, the recent cyclical stocks have picked up, stimulating the Shanghai Composite Index to regain its uptrend. In the short term, the pattern of cyclical stocks and small and medium-sized enterprises will continue. Considering that the overall valuation of the market is not significantly overvalued, economic growth is still relatively resilient. Residents' large asset allocation still has strong demand for stock assets. They are still optimistic about the long-term trend of the A-share market. The future market style pays more attention to fundamentals. Investors should pay more attention to profit growth and reasonable valuation. On the other hand, the Shanghai Composite Index once again returned to the top of the 20-day moving average. The index was supported by the moving average system. The KDJ indicator below has formed a golden cross, and the MACD green column is also gradually shortening, and the running trend is good. However, it should be noted that since the release of quantity can not be obvious, without the participation of incremental funds, the short-term upward trend may be blocked.

AVIC Securities: GEM ushers in key breakthrough sensitive points

Fanbo of AVIC Securities said: "Since the scale of the GEM has matured, the rising posture is inevitably not as light as it used to be. The shock is the keynote, and structural opportunities are the key points." So investors are reminded of this GEM. A deep understanding of the nature can make a more reasonable trading strategy. In addition, it is worth noting that the four M&A and reorganization directions disclosed by the CSRC are the reform of state-owned enterprises, the construction of “One Belt and One Road”, the promotion of emerging industries and supply-side reforms. Its Chinese enterprise reform sector has performed well in the past two days, and investors can track it moderately, but chasing is still not appropriate.

Guotai Junan Securities: The third wave of cyclical stocks can be expected

Guotai Junan Securities said that coal and steel production capacity was better in the first half of the year, and the pressure in the second half was weaker than the first half. The real economy is tolerant and the price of cyclical products should rise. The cyclical stocks need to be adjusted in the short term, and the third wave of the cyclical stocks after the adjustment can be expected.

Under the short-term impact, cyclical stocks have adjusted. Looking back at this cycle of cyclical stocks, this wave of market starts with a more than expected economic resilience and a moderate liquidity environment, while the performance data of the mid-term report is conducive to repairing the pessimistic expectations of earnings, the promotion of supply-side reform and the increase of environmental protection and production. The continuation of the cyclical stock market.

[International Highlights]

The last appearance of the "White House Brain" was still attacking Chinese trade.

Last Friday, the White House confirmed that the day was the last day of Bannon’s chief strategist. After the media’s radical trade protection class farmers may be fired, US stocks once stopped falling and rose on Friday. Bannon’s latest “headline” is that “the economic war with China means everything”. Later in the day, the Trump administration launched a survey of China and launched the first shot of the Sino-US trade war.

Using trade to protect "nuclear weapons" The Trump administration officially launched the Sino-US trade war.

Last Friday, the US Trade Representative announced that it initiated an investigation into China's intellectual property rights and other related laws and policies in accordance with Section 301 of the Trade Protection Act of 1974. “Article 301” is called “nuclear weapon” for US trade protection, and eventually Chinese products may be subject to high tariffs. Earlier in the day, the People’s Daily issued a document saying that the trade war against China would not be able to win the United States.

The day after the car crash in Spain, a knife attack occurred in the Finnish city last Friday, and many people were injured. Investors panicked and European stocks fell across the board.

Last Friday, the three major US stock indexes opened lower. Although the collective closed down on the day, the declines narrowed. The White House chief strategist Bannon’s resignation news made the US stocks escape the black Friday. The news of Bannon’s resignation caused the US stocks to stop falling and the Dow once rose by 150 points from the previous day.

The United States launched a survey on Section 301 of China, which is known as the "nuclear weapon" of US trade protection.

Last Friday, the media said that ExxonMobil’s second largest refinery in the United States was closed. This news boosted international oil prices by more than 3% that day.

Since last Thursday, Bitcoin cash tripled in three days and rose above $900.

(Editor: Li Xingwang HF015)