China’s import and export trade volume is showing rapid growth, which is a direct benefit to A-share companies with a high proportion of exports, a large proportion of overseas business, and global competitiveness.
The core benefiting sectors are mainly concentrated in high-end manufacturing, new energy, electronic semiconductors, automobiles, shipping logistics, trade agency and other fields.
The following are the core benefiting sectors and leading companies (sorted by prosperity):
1. New energy
“Three New Things” (the strongest export engine)
In terms of lithium batteries, there are CATL (300750, overseas revenue accounts for about 35%), Yiwei Lithium Energy (300014), Sunwanda (300207); photovoltaic modules are
Longi Green Energy (601012), JinkoSolar (688223), Trina Solar (688599); new energy vehicles include BYD (002594, overseas sales growth), Great Wall Motors (601633), and SAIC Motor (600104).
2. Electronics/semiconductors (AI + export dual drive)
The integrated circuit/chip field includes SMIC (688981), Changdian Technology (600584), and Montage Technology (688008); consumer electronics /
Smart hardware includes Transsion Holdings (688036, Africa’s leading mobile phone company), Luxshare Precision (002475), and Goertek (002241).
3. Automobiles and parts (export growth rate 67.1%)
Complete vehicles include BYD, Great Wall Motors, and Changan Automobile (000625); parts and components include Top Group (601689), Huayu Automobile (600741), and Joyson Electronics (600699).
4. High-end equipment/machinery (general equipment export +
24.7%)
Construction machinery includes Sany Heavy Industry (600031), Xugong Machinery (000425), Zoomlion (000157); shipbuilding includes China Shipbuilding Industry Corporation
Shipbuilding (600150, full export orders), CSSC Defense (600685); power equipment includes Dongfang Electric (600875), China Xidian (601179), and Jinpan Technology (688676).
5. Shipping/logistics (directly driven by trade volume)
Container shipping includes COSCO Shipping Holdings (601919) and COSCO SHIPPING Energy (600026); ports/logistics include SIPG (600018), Ningbo Port (601018), and SF Holding (002352).
6. Trade agent/comprehensive trade (direct benefit)
Including CITIC Metal (601061), SUMEC (600710), Jiangsu Cathay (002091), and Eternal Asia (002183).
2026 1 –
Highlights of foreign trade data in February are as follows:
Overall growth rate: Total import and export value was 7.73 trillion yuan, +18.3% year-on-year; exports were 4.62 trillion yuan, +19.2%; imports were 3.11 trillion yuan, +17.1%.
Structural Highlights: Integrated circuit export value +72.6% (driven by AI demand), automobile export value +67.1% (led by new energy vehicles), ship export value +52.8% (global shipbuilding boom), general equipment export +24.7% (manufacturing upgrade).
Trading partners: ASEAN +20.3%, EU +19.9%, Belt and Road +20%, strong growth in emerging markets.
The core logic of stock selection is as follows:
1. A high proportion of overseas income (>30% priority).
2. Leading global market share (leading effect).
3. The product has technical barriers/cost advantages.
4. We have abundant export orders and long delivery cycle.
In the current context of China’s booming import and export trade, these benefiting sectors and companies are expected to take advantage of the east wind of trade growth to achieve better development.
Investors need to be cautious when managing their finances, fully consider investment risks, and make reasonable investment decisions based on the core logic of stock selection.
