This summer, the Office of the Leading Group for State-owned Enterprise Reform announced that the "Let a Hundred Flowers Bloom" of State-owned Enterprise Reform was officially launched. This means that the reform of state-owned enterprises is expected to accelerate from the central government to the local government. The "two major actions" of mixed reform and double hundred enterprises are ready to go, and the fourth quarter will brew new breakthroughs for the 2022 state-owned enterprise reform year.
According to statistics, the selected enterprises almost cover most central enterprises and local state-owned enterprises, mainly enterprises that have carried out the pilot reform of state-owned enterprises in the early stage and enterprises in competitive industries. From the perspective of industry distribution, it is mainly in cyclical industries such as machinery, construction, chemical industry and nonferrous metals.
At the end of 20 17, Peng, deputy secretary-general, said at the policy briefing in the State Council that the list of the third batch of mixed reform pilots had been determined, with 3 1 family, including central subsidiaries1family and local state-owned enterprises 2 1 family. The first three batches of mixed reform pilots added up to 5738 * *.
Who is this 3 1 pilot enterprise at present? The specific list has not yet been announced. However, we have compiled public media reports, and the central enterprises that may be shortlisted in the third batch of pilots are mainly concentrated in the fields of petroleum and petrochemical, military industry and telecommunications. Among local enterprises, most are in the northeast, especially in Liaoning and other places. Of course, we must wait for the final announcement.
Through more public information and the release of central enterprises and state-owned enterprises in the 20 18 work deployment, we have summarized a list of stocks that are more likely to reform state-owned enterprises:
600486 Yangnong Chemical Industry
Jiangsu Yangnong Chemical Group Co., Ltd. is an enterprise that produces pesticides, chlor-alkali and fine chemical products. Jiangsu Yangnong Chemical Co., Ltd., which is controlled by Jiangsu Yangnong Chemical Co., Ltd., is the largest production base of new bionic pesticide-pyrethroids in China, and it was successfully listed in April 2002. It has a leading market position and global influence in industries such as benzene nitration and chlorination products, epichlorohydrin, pyrethroids for agriculture and health, and its annual profit scale exceeds 350 million yuan. At present, it has three complete fine chemical bases.
600 176 China boulder
China Jushi Co., Ltd. was incorporated in Zhejiang Administration for Industry and Commerce on 201-10-27. The legal representative is Cao Jianglin, whose business scope includes technical development and technical services of new materials; Glass fiber and its products, etc.
600498 Huo Feng Communication
Fiberhome Communication Technology Co., Ltd. was established in 1999. At present, it is the only scientific research and industrial entity in China that integrates three strategic technologies in the field of optical communication. Approved by the state as "National Optical Fiber Communication Technology Engineering Research Center", "Asia-Pacific Telecommunication Union Training Center", "MII Optical Communication Quality Testing Center" and "National High-tech Research and Development Plan Achievement Industrialization Base". This is to promote China's information technology research, industrial development and national security.
300073 Dang Sheng Technology
Beijing Dang Sheng Materials Technology Co., Ltd., founded in 200 1, originated from a research group of Beijing Mining and Metallurgy Research Institute. It is a high-tech enterprise engaged in the research and development and production of new energy materials, mainly engaged in the research and development, production and sales of small lithium batteries and power lithium batteries such as lithium cobaltate, multicomponent materials and lithium manganate, and is a leading professional supplier of cathode materials for lithium-ion batteries in China. After years of efforts, the company successfully landed on the Growth Enterprise Market in April 20 10.
00228 1 Guangxun Technology
Wuhan Optical Communication Technology Co., Ltd. is a high-tech enterprise controlled by Wuhan Institute of Posts and Telecommunications. The company was established in 200 1 year 1 month, headquartered in Wuhan-China Optics Valley, with a registered capital of1100000 yuan. The main business of Guangxun Company is the research, development, production, management and technical services of optical fiber communication passive devices such as optical fiber devices, low-light-level devices and optical waveguide devices, as well as optical fiber amplifiers, optical communication instruments and integrated optoelectronics. The company was listed on the small and medium-sized board of Shenzhen Stock Exchange in 2009 with the stock number 00228 1, referred to as Guangxun Technology.
0024 15 Hikvision
Hikvision is the world's leading provider of video solutions for the Internet of Things. Hikvision is committed to continuously improving video processing technology and video analysis technology, and providing leading monitoring products and technical solutions for the world.
Hikvision's marketing and service network covers the whole world. At present, Hikvision has set up branches in 34 cities in Chinese mainland, wholly-owned and joint-venture subsidiaries in Hongkong, Los Angeles and India, and more branches are being set up all over the world.
600 138 CYTS
1997- 12-3 is listed on the Shanghai Stock Exchange. It is the first A-share listed company in China travel agency industry (stock code: 600 138) and the first batch of 5A travel agencies in Beijing, with a total share capital of 415.35 million yuan.
20 18- 1-4, CYTS announced that according to the approval of the Ministry of finance, * * * CYTS central government transferred its 0/00% state-owned property right of CYTS group/kloc-0 to everbright group. CYTS Group and Zhongqing Chuangyi, which it controls, jointly hold 20% equity of CYTS, and CYTS Group is the largest shareholder of CYTS. After this transfer, the controlling shareholder of CYTS, the largest shareholder, will be changed from the Central Committee of CYTS to Everbright Group, and the actual controller of the company will be changed to the State Council.
What are the latest state-owned enterprise reform concept stocks?
1, China Electric Power: CSSC's investment confidence has increased, and the power leader underestimated the situation and turned the corner.
China electric power 600482
(a) Take concerted action to enhance confidence.
Concerted action China Shipbuilding Investment Co., Ltd. increased its shareholding of 3.05 million shares on August 8, with a cost price of about 65,438+07.5 yuan, and plans to continue to increase its shareholding of 65,438+0 to 300 million yuan in the next six months. We believe that concerted action in the market downturn to choose to increase holdings, to boost the company's share price has a significant positive effect, but also reflects its confidence in the company's future development prospects.
(two) the acquisition of "Shaanxi firewood" and "heavy teeth" to promote industry integration.
Recently, the company completed the cash acquisition of 64.7 1% equity of Shaanxi Chai Heavy Industry and 29.80% equity of Heavy Tooth Company, and currently holds 64.7 1% equity of Shaanxi Chai Heavy Industry and 5 1.56% equity of Heavy Tooth Company. The acquisition of the company is intended to integrate the medium-speed diesel engine business, play a synergistic effect, and then promote industry integration. The profit assessment of the two companies will be stricter in the next two years. The net profit of Shaanxi Chai Heavy Industry in 20 18 and 2022 will reach 205 million yuan and1570,000 yuan respectively, of which the net profit in 20 18 includes the equity transfer income of1060,000 yuan. The net profit of Chongya Company in 20 18 and 2022 reached 654.38+62 million yuan and 252 million yuan respectively. According to the share purchase ratio, in 20 18 and 2022, the two companies will increase the net profit of listed companies by 1.8 1 100 million and 1.77 billion respectively, and their profitability will be significantly improved.
(3) Military and civilian products are driven by two wheels, and the power faucet sets sail.
2. Sichuang Electronics: Winning the bid for large-sum projects, and its performance was supported again.
Sichuang electronic 600990
Key investment points: Winning the bid for large-sum projects will support the performance again. Safety is one of the company's main businesses, with revenue of160.7 billion yuan in 2065438+2007, accounting for 3 1.78% of the total revenue. The bidding amount of this project is about 640 million yuan, accounting for 39.82% of the revenue of 20 17. According to the bidding documents, the project needs to be completed within 6 months after the contract is signed. According to the revenue recognition method of smart city business completion percentage, the signing of the contract is expected to have a positive impact on the company's performance this year.
3. China Railway Construction: a leading central enterprise in infrastructure, rising by the east wind.
China Railway Construction 60 1 186
Covering for the first time, giving the rating of "overweight": it is estimated that the company's net profit in 2008 -20 will be19.3 billion/22.3 billion/25.6 billion, with growth rates of 20%//kloc-0.5% respectively; The corresponding PEs are 7.6X/6.6X/5.7X respectively, giving an overweight rating. As a leading central enterprise of national infrastructure, the company will take the lead in benefiting from policies and turn to the upward trend of industry prosperity. At the same time, the development of diversified business is expected to improve profitability. China-Africa cooperation will also bring incremental space for overseas business of African railway construction. Using the price-earnings ratio valuation method, the valuation center of comparable company 20 18 is 8.3X, China Railway Construction is currently 9% lower than the industry average, and the PB of 18 is 0.9 times lower than that of central enterprises of the same scale. It is estimated that the average annual growth rate of the company's net profit in the next three years will exceed 15%, which is higher than the industry average expectation, and it should enjoy a valuation higher than the industry average and be given an overweight rating.
The catalyst of stock price performance: social financing and credit data exceeded expectations; The issuance of special bonds exceeded expectations; Infrastructure investment exceeds expectations; Financing interest rate goes down; Risk of performance exceeding expectations: financing improvement is lower than expected; The improvement of business structure is lower than expected.
4. Jiao Jian, China: The Forum on China-Africa Cooperation has gained a lot, highlighting the leading strength of the Belt and Road Initiative.
China Jiao Jian 60 1800
The Forum on China-Africa Cooperation has gained a lot, with abundant orders in hand. On September 1 1, 2008, the company issued a voluntary announcement on overseas projects, which showed that during the China-Africa Cooperation Forum, the company seized the opportunity of domestic and foreign affairs, intensively met with leaders of 39 African countries, and signed a number of cooperation agreements and memorandums, involving railways, highways, ports and other fields. * * * The amount is about US$ 65,438+0,065,438+54 million, which is about 65,438+04% of the company's operating income in 2065,438+07, which shows the strength of the company as a leader in the Belt and Road Initiative and the largest international contractor in the world.
In the first half of 20 18, the company achieved an operating income of 208.379 billion, up 9.6 1% year-on-year. The net profit attributable to shareholders of listed companies was 8,654.38+75 million, up 8.45% year-on-year. The main business infrastructure grew steadily, with revenue of 654.38+083.899 billion, up 654.38+06.65% year-on-year, accounting for 88.25% of the total revenue. Gross profit margin 13.87%, up 0.10pct year-on-year; The net interest rate was 4. 14%, up 0.03 percentage points year-on-year.
5. Passing rainbow shares: Gross profit margin continued to increase, and same-store data improved year-on-year.
Stock above Rainbow 0024 19
In the downturn of the industry, the company's same-store data is still improving year-on-year. In recent years, under the influence of factors such as the slowdown of economic growth and the decline of residents' income growth, the retail industry has generally entered a medium-speed growth period. Since the beginning of this year, the growth rate of total retail sales of social consumer goods has continued to decline. In the severe market environment, the company's comparable store revenue and profit growth rate continued to improve compared with the same period last year. In the first half of 20 18, the same-store revenue of the company increased by 2.50% year-on-year, which was 3.87 percentage points higher than that in the first half of 20 17 (-1.37%). Total same-store profit increased by 19. 13% compared with the first half of 20 17 (14.04%), which was 5.09 percentage points higher.
6. Sinochem International: The Group's reform has accelerated and its main business has bottomed out.
Sinochem International 600500
Key investment points: natural rubber has bottomed out twice, and its future performance is very elastic. 20 12 is the year with the highest growth rate of rubber planting, with a year-on-year growth rate of 12.96%. The newly-increased production capacity mainly comes from Thailand, with 20 13 increasing by about 2%. The rubber trees planted in these two years are the main increase in the current supply, and so will the next five years (20 14 to 20 18). It is maintained between1180 ~12.5 million hectares, so it is estimated that the natural rubber production capacity will increase by about 15% at most in the future.