Guangdong has introduced a series of policies to stabilize industry "1+3", and listed companies in related industrial chains are expected to benefit

time:2023-01-28 06:27:56 source:clevelanddrifters.com author:Technology stocks
Guangdong has introduced a series of policies to stabilize industry "1+3", and listed companies in related industrial chains are expected to benefit

On September 5, the Guangdong Provincial People's Government held a press conference to introduce the latest "1+3" series of incremental policies to stabilize the industry. According to reports, this is another package of policies issued by Guangdong to support the steady growth of the industrial economy after the introduction of policies such as "32 measures to stabilize industry", "25 measures to help enterprises" and "131 measures to stabilize the economy" this year. The agency believes that listed companies in related industry chains such as automobiles, home appliances and consumer electronics are expected to benefit. Support the steady growth of the industrial economy "In the first half of the year, the added value of the province's industries above designated size reached 1.91 trillion yuan, a year-on-year increase of 3.5%, and its contribution to GDP growth reached 55.4%, and the supporting role has been significantly enhanced." Guangdong Provincial Department of Industry and Information Technology Deputy Director Wu Dongwen said that due to factors such as the epidemic and the current complex international situation, Guangdong is also facing greater pressure to stabilize the industry and ensure the safety and stability of the industrial chain and supply chain. To this end, the Guangdong Provincial Government has formulated a series of "1+3" incremental policies to stabilize the industry. Among them, "1" refers to "Several Policies and Measures to Further Promote the Steady Growth of the Industrial Economy", "3" refers to the "Implementation Plan of Guangdong Province's Auto Parts Industry "Strong Chain Project" and "Guangdong Province's Action Plan for the Development of Silicon Energy Industry" ( 2022-2025)" and "Industrial Design Empowering Guangdong Action Plan (2022-2025)" three actions. According to reports, the "Several Policies and Measures for Further Promoting the Steady Growth of the Industrial Economy" proposes seven policy measures, mainly including making every effort to reduce the production and operation costs of enterprises, making every effort to boost and release consumer demand, making every effort to do a good job in industrial investment and the construction of major manufacturing projects, We will make every effort to increase investment promotion, make every effort to relieve the financial difficulties of small and medium-sized enterprises, make every effort to promote the integrated development of domestic and foreign trade, and make every effort to support the development and growth of enterprises. The "Measures" proposes to encourage local governments to intensify their efforts to actively carry out promotional activities for industrial products such as automobiles and consumer electronic products, and to subsidize consumers' purchase of eligible products by issuing consumer coupons and other means. In addition, the "Measures" also stated that the construction of major new infrastructure projects will be accelerated, and telecom operators will be guided to speed up the progress of 5G construction. In 2022, the construction of 52,000 5G base stations will be promoted. Promoting the development of auto parts and other industries In order to further promote the steady growth of the industrial economy, Guangdong Province has also formulated and issued special support policies to strengthen the development of the auto parts industry, cultivate the highland of the silicon energy industry cluster, and accelerate the industrialization of industrial design results to improve Guangdong Province. Endogenous power of manufacturing. According to the "Implementation Plan of Guangdong Auto Parts Industry "Strong Chain Project", Guangdong will strengthen the development of the auto parts industry and provide core support for building a world-class auto industry cluster. According to the plan, by 2025, the province's automobile production will exceed 4.3 million units, and the operating income of the auto parts manufacturing industry will exceed 590 billion yuan. According to reports, the "Guangdong Province Silicon Energy Industry Development Action Plan (2022-2025)" is the first national action plan to promote the development of the silicon energy industry at the provincial level. The "Plan" proposes to build a foundation for industrial development in ten fields such as photovoltaic manufacturing, energy storage batteries, and optoelectronic devices, and vigorously promote the construction of photovoltaic power plants and the promotion of photovoltaic power generation applications, and strive to build Guangdong Province into my country's silicon energy industry cluster by 2025. highlands. In addition, the "Industrial Design Empowering Guangdong Action Plan (2022-2025)" proposes to accelerate the industrialization of design achievements and enhance the endogenous power of Guangdong's manufacturing industry. A number of listed companies in the industry chain believe that Guangdong Province has introduced a series of policies to stabilize industrial economic growth, focusing on supporting the development of related industries such as automobiles, home appliances, consumer electronics and photovoltaics, and listed companies in related industry chains will benefit. Zhang Le, chief auto analyst at GF Securities, believes that the restrictions on usage scenarios since the beginning of this year are the main reasons for affecting auto consumption, while the introduction of auto stimulus policies and the resumption of production and work are the biggest variables in the auto industry in the second half of the year. With reference to factors such as the impact of previous automobile policies and seasonal changes, it is expected that the year-on-year growth rate of single-month terminal sales of passenger vehicles will reach a new high during the year. The China Automobile Association previously stated that it is expected that with the arrival of the traditional golden consumption season in the automobile market in September, the production and sales of passenger vehicles will show a rapid growth momentum. The latest research report of Guotai Junan stated that since the beginning of this year, the national and local levels have actively introduced policies to stimulate automobile consumption. With the increasing expectations of consumption stimulus policies, policy dividends are expected to continue to be released. For the home appliance industry, Zeng Chan, chief analyst of home appliances at GF Securities, said that Guangdong and other places have actively launched policies to promote consumption since the beginning of this year. Low-carbon, green, and intelligent are becoming new trends in home appliance consumption, and the trade-in market has great potential. It is expected that relevant policy support will help boost downstream consumer demand. Industry insiders said that the silicon energy industry is a rising sun industry based on the integrated development of semiconductor technology and new energy demand, and it is also a major key area for realizing a manufacturing power and energy revolution. The introduction of the "Guangdong Province Silicon Energy Industry Development Action Plan (2022-2025)" will benefit listed companies in photovoltaic, electronics and other related industry chains.

(Responsible editor:Market analysis)