This week’s view
The power equipment and new energy index fell nearly 7% this week, with a large decline. At the same time, it fell 17.32% in the Contemporary Amperex Technology Co.Limited(300750) week, ranking among the top five in the decline list. In the first week of the new year, the general decline of track stocks was mainly due to the superposition of peripheral interest rate hike expectations and the transformation of market capital style. The radical liquidity contraction policies of the UK and the US have dealt a great blow to growth stocks. At the same time, the market style has shifted from growth stocks to undervalued price stocks, which also led to the outflow of overall funds from track stocks.
The adjustment range has exceeded the adjustment range in March 21. Xinneng car and photovoltaic leading Contemporary Amperex Technology Co.Limited(300750) and Longi Green Energy Technology Co.Ltd(601012) have been callback 30% and 37% respectively. The expected net profit in 2022 corresponds to the current PE sector with only 38 times and 24 times. The callback range of some back row stocks with poor performance growth or defective logic has exceeded 50%, and the overall valuation of the sector has fallen back to a reasonable range. As a long-term high-profile track, large fluctuations in the upward process are inevitable. Focus on the sectors with excellent pattern and better performance than expected.
Market performance
This week, the Shanghai Composite Index rose 3.02% to close at 3462.95; CSI 300 rose 0.82% to close at 4601.40; CITIC power new energy industry index fell 6.85%, significantly underperforming the CSI 300 index by 7.67%. In terms of sub sectors, the new energy vehicle index fell 1.11%, the photovoltaic index fell 6.79%, and the wind power index rose 1.61%.
Some company dynamics
On February 9, Yunnan Energy New Material Co.Ltd(002812) (002812) announced that the company’s application for non-public offering of A-Shares had been accepted by the CSRC, and the information disclosure obligation would be fulfilled in time according to the approval progress. The company plans to raise no more than 12.8 billion yuan through directional issuance of A-share shares for Chongqing Enjie high-performance lithium-ion battery microporous diaphragm project (phase I), Chongqing Enjie high-performance lithium-ion battery microporous diaphragm project (phase II), Jiangsu Enjie power vehicle lithium battery diaphragm industrialization project, Jiangsu Ruijie power vehicle lithium battery aluminum plastic film industrialization project Suzhou Jieli lithium ion battery coating membrane project with an annual output of 200 million square meters and supplementary working capital. (company announcement)
On February 11, Eve Energy Co.Ltd(300014) (300014. SZ) announced that Guangdong Securities Regulatory Bureau issued a warning letter to Luo Jinhong. After investigation, as the actual controller of Eve Energy Co.Ltd(300014) , he directly or indirectly holds more than 5% of the shares of Eve Energy Co.Ltd(300014) . On December 6, 2021, Luo Jinhong sold 5109995 Eve Energy Co.Ltd(300014) shares through centralized bidding at the exchange and then bought 20000 shares. The above transactions constitute short-term transactions and violate relevant regulations. (company announcement)
Risk tips
The risk of intensified market competition, repeated epidemic and subsidy policy.
