New energy vehicles: the overall position in the main link of lithium battery decreased slightly, and the negative electrode and battery increased. The overall 2021q4 position accounted for 8.11% of the total market value, down 0.79pct. The positions of 2020q4-2021q4 are 6.59%, 6.52%, 8.26%, 8.89% and 8.11% respectively. 1) The overall position of upstream materials in 2021q4 decreased by 1.08pct to 10.43%. Among them, Tianqi Lithium Corporation(002466) accounts for 15.38% (+ 2.78pct), Zhejiang Huayou Cobalt Co.Ltd(603799) positions account for 18.94% (+ 0.41pct), Ganfeng Lithium Co.Ltd(002460) accounts for 6.82% (- 4.99pct) and Nuode Investment Co.Ltd(600110) accounts for 5.93% (- 10.66pct). 2) The overall position of the midstream sector decreased by 0.94pct to 10.12%, and the positions of positive electrode, diaphragm, lithium hexafluorophosphate and electrolyte decreased. Among them, the positions of lithium hexafluorophosphate and electrolyte decreased the most, while the positions of negative electrode and battery increased slightly. The positions of midstream 2020q4-2021q4 funds accounted for 7.96%, 8.20%, 10.36%, 11.06% and 10.12% respectively. The positive electrode decreased by 0.94 PCT, the diaphragm decreased by 1.93 PCT, the negative electrode increased by 1.18 PCT, the lithium hexafluorophosphate and electrolyte decreased by 5.87 PCT, and the battery increased by 0.25 PCT. 3) Motor electric control decreased in 2021q4, vehicle and charging pile Q4 increased slightly, and core parts Q4 decreased slightly. In terms of specific values, the ring rise of the whole vehicle is 0.52pct, and that of 2020q4-2021q4 are 2.21%, 1.38%, 2.48%, 3.44% and 3.97% respectively; The ring drop of core parts is 0.9pct, and that of 2020q4-2021q4 is 9.20%, 7.49%, 7.90%, 6.75% and 5.85% respectively; The ring rise of charging pile is 0.19pct, and that of 2020q4-2021q4 is 0.86%, 1.42%, 1.06%, 0.98% and 1.17% respectively.
New energy: photovoltaic, wind power and nuclear power have increased. The proportion of photovoltaic sector positions in the total market value increased to 9.56% (+ 0.13pct), and the positions in 2020q4-2021q4 were 7.96%, 6.96%, 8.29%, 9.43% and 9.56% respectively; The position proportion of wind power sector increased to 3.45% (+ 0.71pct), and the position proportion of 2020q4-2021q4 was 2.54%, 2.86%, 0.80%, 2.75% and 3.45% respectively; The position of nuclear power sector rose to 1.72% (+ 0.09pct), and the positions of 2020q4-2021q4 were 0.95%, 1.24%, 1.42%, 1.63% and 1.72% respectively.
Power equipment: the position of industrial control decreased, and the power equipment increased or decreased. The position of industrial control Q4 decreased by 0.10pct month on month, and the positions of 2020q4-2021q4 were 7.48%, 7.57%, 6.70%, 4.26% and 4.16% respectively; The positions of low-voltage appliances 2020q4-2021q4 are 2.03%, 1.94%, 1.43%, 4.27% and 4.67% respectively; UHV 2020q4-2021q4 are 0.31%, 2.08%, 1.00%, 3.50%, 3.24% and Sieyuan Electric Co.Ltd(002028) 12.05% (+ 2.19pct) respectively; Smart meters, wires and cables increased slightly, and the position of medium voltage sector decreased slightly; The secondary equipment 2020q4-2021q4 are 1.10%, 1.89%, 1.10%, 1.26% and 1.62% respectively.
Risk tips: stock market fluctuation risk, macroeconomic fluctuation risk and policy change risk. This report only analyzes and comments on the objective data of the fund's four seasons report, and the stocks and industries involved do not constitute investment suggestions.
