The light manufacturing industry this week received the largest increase in capital from Beijing.
The fund for going north has lasted for 5 consecutive weeks
Warehouse adding real estate industry
According to the statistics of Securities Times · Databao, Beishang Capital increased its positions in 21 emergency industries this week (May 13~May 17). After excluding the latest industries with less than 500 million shares, the positions in nine industries increased by more than 1% month on month.
The number of capital positions of the light manufacturing industry going north increased most significantly, from 848 million shares at the end of last week to 888 million shares, an increase of 4.69%.
Among them, Sophia obtained the highest degree of capital increase in Beishang this week (the proportion of capital increase in shares held by Beishang accounted for circulating shares), up to 1.53%.
Sofia is a representative enterprise in the household goods segment of the light manufacturing industry. In the first quarter of 2024, the company will achieve a revenue of 2.111 billion yuan, up 16.98% year on year; The net profit attributable to the parent company was 165 million yuan, up 58.59% year on year.
Shenwan Hongyuan Securities said that Sofia's first quarter performance slightly exceeded expectations. The company's strategy of "multi brands, all categories, and all channels" continues to deepen. The whole package marketing drives the customer price upward. The whole package, bags, and other multi-channel efforts are made to capture the passenger flow. Milana and other new brands are built to broaden the coverage of the population, achieving steady growth in performance, and maintaining the company's "buy" rating. The recent performance of the stock is strong, with a cumulative increase of nearly 16% this week.
As a downstream industry of the real estate industry, the household goods industry has a high degree of correlation with the real estate market. With the intensive introduction of real estate policies, the enthusiasm for buying houses is expected to be reactivated, and the demand for home products by buyers will also increase.
Recently, many institutions released research reports on the investment opportunities brought by the valuation restoration of the household sector. Shen Wanhongyuan believes that the current home furnishing industry valuation is at the bottom, fully reflecting pessimistic expectations. Recently, the real estate and household consumption stimulus policies continue to be released, stabilizing the consumption demand expectation of new household housing, promoting the demand relay of stock housing renovation, and driving the industry valuation repair. Haitong Securities said that the continuous warming of policy will help the completion of real estate - the gradual recovery of sales, the restoration of the household sector deserves attention, and the growth space of listed leading household enterprises is optimistic.
According to the further statistics of Databao, the real estate industry, which continues to grow in popularity, has received five consecutive weeks of capital expansion from the north, with the number of shares increasing by 15.08%.
Guolian Securities said that the real estate industry is expected to gradually bottomed out, and the valuation of the sector may be gradually repaired following the implementation of policies and the improvement of fundamentals. On the demand side, there is still much room for improvement in the urbanization rate. The demand for improvement is expected to continue to repair after the relaxation policy is superimposed; On the supply side, the policy continues to adhere to the "policy based on the city", emphasizing the digestion of stock properties, and the "old for new" policy is gradually carried out in cities, which is expected to revitalize the assets of real estate enterprises. It is suggested that attention should be paid to state-owned enterprises with strong financial strength, high-quality and abundant land reserves, and real estate enterprises with the ability to shape improved products.
In terms of individual shares in the real estate industry, Poly Development, China Merchants Shekou, and Xinhu Zhongbao ranked the top three in terms of the number of shares increased by Beishang Capital in the last five weeks, with 59.9619 million shares, 45.8872 million shares, and 36.8454 million shares respectively.
Faucet Poly Development In the first quarter of 2024, the revenue will reach 49.748 billion yuan, with a year-on-year growth of 24.41%; The net profit attributable to the parent company was 2.224 billion yuan, down 18.28% year on year. Changjiang Securities said that despite the inevitable cyclical pressure, considering the competitive advantages and long-term position of Poly in terms of development financing, land acquisition, rate control, etc., the expectations implied in the early valuation were too pessimistic. The company's valuation was expected to be repaired, and the company's "buy" rating was maintained.
Northern capital for 4 consecutive weeks
Add 9 real estate stocks
According to the statistics of Databao, Beishang Capital increased its holdings of 9 individual stocks in the real estate industry for four consecutive weeks.
Beichen Industry The highest proportion of shareholding changes was 89.92%, and the number of shares held increased from 14201400 four weeks ago to 269711000. The company's main businesses include real estate development, exhibition (including hotels) and commercial property. In 2023, the company will achieve an operating income of 15.751 billion yuan, up 21.27% year on year; The net profit attributable to the parent company was 68064000 yuan, turning losses into profits.
Suzhou High tech The proportion of shareholding changes ranked second, with the number of shares increased from 4.1917 million four weeks ago to 7.3406 million. In the first quarter of 2024, the company achieved a revenue of 4.22 billion yuan, up 43.78% year on year; The net profit attributable to the parent company was 112 million yuan, up 9.47% year on year. Soochow Securities said that as a key "investment and operation of emerging industries and comprehensive development service provider of industries and cities" in Suzhou High tech Zone, the company's park development business is in the leading position, and the business of the industrial park is progressing steadily, maintaining the company's "buy" rating.
Seen from the performance of the secondary market, the cumulative weekly increase of the above nine equity stocks was positive, among which the increase of Shanghai Real Estate Development, Shenzhen Real Estate A and Shenzhen Property A exceeded 10%.
Statement: All the information content of Databao does not constitute investment advice. The stock market is risky, so investment should be cautious.
Editor in charge: Zhou Sha
Checked by: Zhu Tianting
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