The prevailing chill in China, with temperatures in many cities hitting historic lows, is set to benefit coal mining and power generating firms as well as apparel retailers and pharmaceutical companies.
The cold wave, which saw temperatures hit record lows in Beijing, Shanghai, Guangzhou and 10 other provincial capital cities at the end of last month, is expected to continue.
Coal mining stocks, including China Shenhua Energy Co (1088) and Yanzhou Coal Mining Co (1171), are expected to rise as demand for coal for heating is poised to soar.
Power generation and supply must also increase amid the extreme weather conditions to meet both manufacturing and civilian needs.
Stocks of Huaneng Power International (0902), Datang International Power Generation (0991), China Power International Development (2380) and China Resources Power Holdings (0836) are poised to rise as electricity supplies are boosted.
Bosideng International Holdings (3998), China's largest down clothing maker, is also likely to see demand for its products soar. "The weather is good for apparel retailers to clear their inventory, but apparels will cost more as cotton prices increase amid the chill," a report from Everbright Securities said.
Pharmaceutical firms that produce flu vaccines are also likely to book higher sales this season.
But with some ports frozen, the low temperatures will hit shipping firms and steelmakers.
Harbor operators and freight firms, including China Shipping Development (1138), China Shipping Container Lines (2866), Orient Overseas (0316) and China COSCO Holdings (1919), will be negatively impacted in the short term, said Everbright Securities.
"But in the long-run, rising demand for commodities will give the shipping sector a boost."
Winter is a slack season for industry leaders Maanshan Iron & Steel (0323), Angang Steel Co (0347) and Chongqing Iron & Steel (1053) but demand will revive after March.