Main recommendations

SASAC: Strengthen lean management and build a world-class enterprise.

China Automobile Chip Industry Innovation Strategic Alliance Established

Market review

Market comment: Pro-cyclical stocks broke out, and the Shanghai Composite Index returned to 3400 points, focusing on "pro-cyclical" and "optional consumption"

Macro view: With the release of policy dividend and the strengthening of robot concept, domestic robots may face rapid expansion.

Real estate industry: the growth rate of sales area reached a new high in the year, and the construction completion was greatly improved.

Futures information

Metal energy: gold 395.70, up 0.26%; Copper 53980, up1.64%; Rebar 3808, down1.45%; Rubber 14630, up1.70%; The PVC index was 7345, rising by1.10%; Zheng Chun 2274, down 0.18%; Shanghai Aluminum 15625, up by 0.39%; Shanghai Nickel 1 19790, up by 2.35%; Iron ore 84 1.0, down1.46%; Coke was 2374.5, down 0.96%; Coking coal 1358.5, up by 3.82%; Asphalt 2400, up 3.09%; Rubber sheet was 293.30, up by 7.81%; Brent oil was 45.83, up 0.81%;

Agricultural products: soybean oil 7554, down 2.70%; Corn 2647, up 0.84%; Palm oil 65 12, down 3.58%; Zheng Mian 14430, up by 0.24%; Zheng Mai 2669, down 0.26%; Sugar 5 142, up1.66%; Apple 7 146, down 0.65%; Jujube 9995, up1.01%;

Exchange rate: EUR/USD 1. 18, down 0.17%; USD/RMB 6.59, up 0.37%; USD/HK$ 7.75, down 0.0 1%.

Second, the key recommendation

1, SASAC: strengthen lean management and build a world-class enterprise.

Event: The reporter learned from the State-owned Assets Supervision and Administration Commission of the State Council on the 23rd that the State-owned Assets Supervision and Administration Commission (SASAC) has made solid progress in benchmarking world-class management, requiring central enterprises and local key state-owned enterprises to implement a three-year action plan for state-owned enterprise reform, so as to promote the benign interaction between management and reform and innovation and realize the high-quality development of enterprises. Strengthening management is the eternal theme of enterprise development. After years of reform and development, the scale and strength of China's state-owned enterprises have improved significantly, but compared with world-class enterprises, there are still outstanding problems such as low quality and efficiency, extensive management methods and weak international competitiveness. In the middle of this year, the State-owned Assets Supervision and Administration Commission (SASAC) launched an action to improve the world-class management level of key state-owned enterprises. It is planned to use two to three years to promote the central enterprises and local key state-owned enterprises to basically form a complete, scientific, standardized and efficient modern state-owned enterprise management system with China characteristics.

Comments: There are many top 500 state-owned enterprises in China, but they are generally large but not strong, and their profit rate and return on equity are far from those of world-class enterprises. With the promotion of a series of state-owned enterprise reforms and measures to improve quality and efficiency in recent years, these large state-owned enterprises have great room for future business improvement. Once their performance improves, they will form a better mapping of the capital market.

(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)

2. China Automobile Chip Industry Innovation Strategic Alliance was established.

Event: Recently, under the guidance of the Ministry of Science and Technology, the Ministry of Industry and Information Technology and the Beijing Municipal Government, and led by the National New Energy Vehicle Technology Innovation Center, the first Council and inaugural meeting of China Automotive Chip Industry Innovation Strategic Alliance was held in Beijing. The alliance will promote domestic substitution and international cooperation of automobile chips and related core technologies, build a complete independent supply system and internal circulation pattern of automobile key chips, ensure the safety and stability of the industrial chain, and enhance the core competitiveness of China automobile chip industry.

Comments: With the automobile entering the era of intelligent network connection, the usage of automobile chips will greatly increase. As the world's largest automobile producer and seller, the demand for automobile chips in China will increase explosively in the future. Based on domestic substitution logic, relevant companies will benefit deeply.

(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)

Third, the market review

Market comment: Pro-cyclical stocks broke out, and the Shanghai Composite Index returned to 3400 points, focusing on "pro-cyclical" and "optional consumption"

Major indexes continued to fluctuate and rebound on Monday. Among them, the performance of the Shanghai Composite Index was relatively strong, and the volume opened higher and higher, breaking through the 3400-point integer mark. At the close, the Shanghai Composite Index rose 1.09% to close at 34 14. The Shenzhen Component Index rose 0.74% to close at 13955; The GEM index rose 0.72% to close at 2,686 points. On the disk, brokerage, nonferrous metals, coal, wine-making and other sectors were among the top gainers, while hotel catering, pork and daily chemicals were among the top losers. The net inflow of northbound funds is about 3.3 billion yuan, of which Shanghai Stock Connect is 3.29 billion yuan and Shenzhen Stock Connect is 52.03 million yuan. On the surface, the overall bullish sentiment in the market is still heating up. Considering the sustained recovery of the domestic economy, the gradual, "pro-cyclical" and partial "optional consumption" of vaccines are expected to continue to be the main line of the A-share market, and the operation can be appropriately focused. It is recommended to focus on: big finance, real estate building materials, nonferrous metals, semiconductors, Tesla, optional consumption and other sectors. The stock market is risky, so you need to be cautious in investing.

(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)

Macro view: With the release of policy dividend and the strengthening of robot concept, domestic robots may face rapid expansion.

Event: The National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Finance, Ministry of Human Resources and Social Security and the People's Bank of China jointly issued the "Implementation Opinions on Supporting Private Enterprises to Accelerate Reform, Development, Transformation and Upgrading" on the 23rd. Suggestions on implementing the promotion plan of robots and intelligent equipment are put forward.

Comments: Both macro and micro show that the industrial robot industry is on the road to recovery, and the future sales volume is expected to continue to grow at a high speed. In the long run, as the most representative equipment in the field of intelligent manufacturing, industrial robots will remain an industry with sufficient growth momentum and full of investment opportunities. It is suggested to pay due attention to the allocation of relevant leading opportunities.

(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)

Real estate industry: the growth rate of sales area reached a new high in the year, and the construction completion was greatly improved.

The growth rate of real estate investment stabilized at a high level, and the growth rate increased significantly in the month of completion. In June 5438+ 10, the investment in real estate development was+12.7% year-on-year, and the growth rate was 0.7 percentage points higher than that of the previous month, and the investment growth rate stabilized at a high level. On the whole, the growth rate of real estate investment still maintains a high level, and real estate investment has sufficient resilience. It is recommended to pay attention to relevant leading companies.

(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)