Key targets:
Recommended Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) ; Focus on Shanghai Zijiang Enterprise Group Co.Ltd(600210) , Guangdong Fangyuan Environment Co.Ltd(688148) , Guangdong Jiayuan Technology Co.Ltd(688388) , beiteri, Jiangsu Cnano Technology Co.Ltd(688116) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Cngr Advanced Material Co.Ltd(300919) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Shenzhen Dynanonic Co.Ltd(300769) .
Investment perspective:
1. Contemporary Amperex Technology Co.Limited(300750) this week, the share price callback was 17.32%, and the general trend of new energy remained unchanged. In the first week of the year, the stock price of Contemporary Amperex Technology Co.Limited(300750) pulled back 17.32% from its high point. According to the news, on Monday, the U.S. Department of Commerce included 33 Chinese companies in the so-called “unverified list”, and Yaoming biological’s subsidiaries were listed in the list. The market is worried that Contemporary Amperex Technology Co.Limited(300750) will also be affected in the future. But on Sunday, Contemporary Amperex Technology Co.Limited(300750) the official solemnly stated: “recently, there have been reports about Contemporary Amperex Technology Co.Limited(300750) on network platforms one after another A series of malicious rumors, such as being sanctioned by the United States, being excluded from the gem weight index, and breaking down with Tesla, have caused misunderstandings and misinterpretations in the market and affected the corporate reputation. Rumors are groundless, groundless and bad in nature. In order to safeguard the legitimate rights and interests of the enterprise, our company has officially reported the case to the public security organ on February 12, 2022, and will investigate the legal responsibility of the rumor mongers according to law. ” Message surface falsification. Macroscopically, as the United States is in the interest rate hike cycle, China’s market preference has shifted from growth to defense, which we believe is the core factor of this round of decline.
We believe that the market overreacted to Contemporary Amperex Technology Co.Limited(300750) due to the rumor of US sanctions. From the perspective of revenue side, Contemporary Amperex Technology Co.Limited(300750) currently has no revenue from the US market, and the equipment does not depend on the US. The rich customer structure and localized supply chain strategy make Contemporary Amperex Technology Co.Limited(300750) have strong anti risk ability in the international market. At the same time, excellent technology has brought strong product competitiveness and further stabilized the revenue side. Basically, Contemporary Amperex Technology Co.Limited(300750) predicts that in 2021, the net profit attributable to the parent company will be 14 billion yuan – 16.5 billion yuan, an increase of 150.75% – 195.52% over the same period of the previous year, deducting non net profit of 12 billion yuan – 14 billion yuan, an increase of 181.38% – 228.28% over the same period of the previous year, of which the net profit attributable to the parent company of Q4 is 6.25-8.75 billion yuan, and the performance is much higher than expected. In the case of the sharp correction of the stock price in the early stage, according to the prediction of Everbright, the current stock price corresponds to 75 / 39 / 28 PE from 2021 to 2023, which is already at a low level, and the general trend of new energy remains unchanged. It is recommended to Contemporary Amperex Technology Co.Limited(300750) .
From the perspective of supply and demand of the industrial chain, the supply of negative pole graphitization, diaphragm, copper foil and iron phosphate in the middle reaches of lithium battery in 2022 is relatively tight, and the lithium battery industry chain maintains a high outlook. Attention: beiteri, Shanghai Putailai New Energy Technology Co.Ltd(603659) , Ningbo Shanshan Co.Ltd(600884) , Guangdong Jiayuan Technology Co.Ltd(688388) , Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) .
2. Under the background of continuous high price of lithium ore, the economy of lithium battery recovery is prominent. According to the data of xinlune lithium battery, the average price of battery grade lithium carbonate reached 405000 yuan / ton on February 11, 2022, and it is rising continuously. In this case, focus on lithium battery recovery, sodium battery and hydrogen energy: highlight the economy of lithium battery recovery against the background of rising lithium price. Attention: Guangdong Fangyuan Environment Co.Ltd(688148) , Cngr Advanced Material Co.Ltd(300919) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Gem Co.Ltd(002340) , Wangneng Environment Co.Ltd(002034) , Zhefu Holding Group Co.Ltd(002266) , Shan Xi Hua Yang Group New Energy Co.Ltd(600348) .
3. Since the second half of 2021, the progress of new technology of power battery has accelerated, and the industrialization of new technologies such as soft wrapped blade battery, 4680 large cylinder + CTC, composite collector technology (PET copper aluminum foil), silicon carbon negative electrode has accelerated. We pay attention to the improvement of subdivision pattern by new technologies, recommend Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , pay attention to Shanghai Zijiang Enterprise Group Co.Ltd(600210) , beiteri, Jiangsu Cnano Technology Co.Ltd(688116) , Shenzhen Dynanonic Co.Ltd(300769) , Shenzhen Kedali Industry Co.Ltd(002850) , Guangdong Jiayuan Technology Co.Ltd(688388) .
Risk tips:
The production and sales of new energy vehicles are lower than expected; Risks of changes in industrial policies and subsidies; The expansion of overseas auto enterprises is less than expected, and the competition intensifies the risk of declining profitability; Risk of technical route change.
