◎ reporter Fei Tianyuan
On May 22, the A-share market showed a horizontal shock pattern. Represented by photovoltaicIslandreelsnodepositbonuscodesThe rise of the new energy plate in the afternoon, driving the gem index to pull up, the performance is stronger than the two main board indexes. As of the close, the Shanghai Composite Index was at 3158.Islandreelsnodepositbonuscodes.54 points, up 0.02%; Shenzhen Composite Index at 9693.05 points, up 0.12%; and gem Index at 1877.93 points, up 0.88%. A total of 831.2 billion yuan was traded on the Shanghai and Shenzhen stock markets, about 30 billion yuan more than the previous trading day.
The concept of photovoltaic sets off a rising tide.
Yesterday afternoon, market sentiment focused on the main line of new energy, of which the rising trend of photovoltaic concept is the most prominent. The Shenwan photovoltaic equipment index closed up 7.30%, Dongfang Risheng gained 20%, Trina Solar Energy, Zhonglai shares (rights protection) and Yubang New Materials rose more than 10%, and Tongwei shares and Longji Green Energy two major industry leaders closed up 9.09% and 6.89% respectively.
According to the news, according to the "China Photovoltaic Industry Association CPIA" Wechat official account, in order to explore the current problems facing the photovoltaic industry, causes and countermeasures, and guide the orderly development of the industry, under the guidance of the Electronic Information Department of the Ministry of Industry and Information Technology, the China Photovoltaic Industry Association held a "Symposium on High-quality Development of Photovoltaic Industry" a few days ago. The meeting said that the photovoltaic industry is a highly market-oriented industry, and it is appropriate to solve related problems through market-oriented means, but it should also give full play to the role of the government, including the promotion of key technical indicators.
Societe Generale Securities analysis said that the price of photovoltaic main materials continued to decline in 2023 and reached the cost line in early 2024, resulting in a reduction in the cumulative net profit of listed photovoltaic companies in the first quarter from 34.2 billion yuan in 2023 to-3.2 billion yuan in 2024. The net operating cash flow is also negative. It is judged that the photovoltaic industry is still in the bottoming period, but the integrated leading enterprises are expected to gradually show competitive advantages in the industry cycle by virtue of leading cost control capabilities and perfect sales channels.
The bottom of the concept of medical beauty rebounded.
Also at the bottom of the recovery is the concept of medical beauty. Yesterday morning, the long-adjusted medical and beauty concept stocks changed. Huaxi, the leader of hyaluronic acid, had a maximum increase of nearly 17% at the beginning of the day, then concussion fell, and the closing increase narrowed to 5.15%. Harbin Sanlian harvest rose by the limit, Longzi shares, Ogilvy Medical, etc., rose by more than 3%, while Emick and Bettany rose by more than 1%.
On the face of the news, the Guangdong Provincial Health Commission recently issued a notice on the adjustment of medical cosmetic surgery programs. The notice shows that physiotherapy and injection therapy have been added to the first-level program of cosmetic surgery, including the injection of fillers such as hyaluronic acid (hyaluronic acid) and collagen. Industry analysts believe that cosmetic surgery to add hyaluronic acid and other injection projects, or will boost hyaluronic acid consumption.
Guojin Securities analysis said that compared with the United States and South Korean markets, China's medical and beauty industry has a certain gap in terms of penetration and competitive pattern. With the continuous improvement of the penetration rate of Chinese medical beauty and the continuous optimization of the market competition pattern, the incremental space of the industry is worth looking forward to. Affected by the emotional side, the current A-share medical plate valuation has been adjusted back to a relatively low level. Judging that the industry is still in the stage of high prosperity, it is expected to benefit from the dual drive of the increase in the proportion of compliant products and the penetration rate of medical beauty in the future, and there is much room for improvement in industry performance and valuation. be optimistic about the domestic medical and beauty leaders with both technology, products and brand reserves.
Look at the core assets in various fields.
Recently, the rotation of the A-share market accelerated again, such as the hot real estate sector yesterday, while the bottom varieties such as new energy and medical beauty became stronger. In the view of some institutions, the current market as a whole lacks a clear main line, and with the landing of the stable real estate policy and the subsequent repair of corporate profits, the core assets represented by various industry leaders are expected to continue to strengthen.
Zhang Qiyao, chief strategist at Societe Generale Securities, said that through the industry rotation intensity index built by the team, it can be observed that the index has risen rapidly since May, indicating that the market has once again come to a stage where there is no clear main line. In this context, investors are advised to maintain long thinking, maintain concentration, and focus on core assets in various areas.
Zhang Qiyao believes that with the gradual landing of real estate policy, economic expectations continue to improve, bright spots begin to increase, so we should take into account the future while valuing certainty. Core assets in various areas not only have a certain profit growth rate to ensure long-term space and sustainability, but also have appropriate dividends to provide certainty for short-term stability and security, which is expected to become the direction of consensus cohesion.