Today (February 15), the three major indexes of A-Shares rebounded from shock, and the gem rose more than 3% to 2800 points. On the disk, in terms of industries, wind power, education, traditional Chinese medicine, energy metals, jewelry, wine and other industries led the increase; Tourism hotels, airports, coal, oil, commercial department stores, real estate, steel and other industries led the decline. In terms of theme stocks, cultivation of diamonds, cros, auto chips and silicon carbide led the increase, while online tourism, oil price related and tax-free concepts led the decline.
the education sector rose Dalian My Gym Education Technology Co.Ltd(002621) on the 8th, it gained 6 limit sectors
The education sector rose intraday on the 15th. As of press time, Dalian My Gym Education Technology Co.Ltd(002621) , Shanghai Xinnanyang Only Education & Technology Co.Ltd(600661) , mubang high tech, Zhonglu.Co.Ltd(600818) and other limits rose, and Sansheng Intellectual Education Technology Co.Ltd(300282) , Guangbo Group Stock Co.Ltd(002103) , national Shanghai New Culture Media Group Co.Ltd(300336) , Hailun Piano Co.Ltd(300329) and other gains were higher. It is worth noting that Dalian My Gym Education Technology Co.Ltd(002621) has gained 6 trading limits in the last eight trading days, with a cumulative increase of 78.6%.
On the news front, at a press conference held by the Ministry of education on the 15th, LV Yugang, director of the Department of basic education of the Ministry of education, said that he would implement the strategic action of digitizing basic education, integrate and build a comprehensive management service platform for basic education, and improve the macro management and scientific decision-making level of basic education; Further upgrade the national primary and secondary school network cloud platform, vigorously promote the co construction and sharing of high-quality educational resources, and strengthen the in-depth integration and application of information technology and education and teaching. All cloud platform resources are free to use. All localities should be demand-oriented and make full use of the important role of “cloud platform” resources in education and teaching. Schools around the country should attach great importance to bringing the normalized application of “cloud platform” resources into the basic requirements of school teaching management and important contents of school running quality evaluation, and bringing the effective use of cloud platform resources into the training of teachers at all levels as an important content of the training of information technology application ability of primary and secondary school teachers in China.
CXO concept explosion! Chengda pharmaceutical’s two connected boards Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Wuxi Apptec Co.Ltd(603259) and other daily limits
CXO concept rose strongly in intraday trading on the 15th. As of press time, Chengda pharmaceutical’s “20cm” limit, Pharmaron Beijing Co.Ltd(300759) rose by more than 10%, Joinn Laboratories (China) Co.Ltd(603127) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Wuxi Apptec Co.Ltd(603259) and Pharmablock Sciences (Nanjing) Inc(300725) , Shanghai Medicilon Inc(688202) , Porton Pharma Solutions Ltd(300363) also performed prominently. It is worth noting that Chengda pharmaceutical has raised the limit for two consecutive trading days.
Zheshang Securities Co.Ltd(601878) pointed out that the stock price of CXO sector fluctuated greatly from 2021 to 2022: it was mainly affected by the following factors. 1) Policy: medical insurance negotiation, CDE regulatory policy, trade conflict. 2) Investment and financing: the monthly fluctuation is large, and Hong Kong stocks break. It is worried that the deterioration of investment and financing will lead to the decline of new orders signed by CXO. Under the above disturbance, the bottom of CXO valuation gradually appears. At present, the CXO sector is generally at the bottom of historical valuation. Under the prospect of continuous external catalysis, continuous improvement of internal operation quality and recognition of overseas key customers, we are optimistic about the CXO market.
cultivate collective soaring institutions of diamond concept stocks: the high-quality growth track has just started
In the morning trading on February 15, the concept of cultivating diamonds strengthened, Mclon Jewellery Co.Ltd(300945) led, Henan Liliang Diamond Co.Ltd(301071) , North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) , Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) , Sf Diamond Co.Ltd(300179) all rose ahead. In terms of news, in the case of high natural diamond prices, the cultivated diamond market has developed rapidly in recent two years, and the performance of relevant listed companies has also begun to improve and rise. Henan Huanghe Whirlwind Co.Ltd(600172) released the performance forecast for 2021. It is estimated that the net profit attributable to the parent company will be 41 million yuan in the whole year. Compared with the same period of the previous year, the operating performance in 2021 will turn losses into profits. According to the 2021 annual performance forecast, the company expects to realize a net profit of 232 million yuan to 245 million yuan in 2021, with a year-on-year increase of 217.14% – 234.95%.
Dongguan Securities pointed out that in recent years, the penetration rate of global diamond cultivation has increased rapidly. With the continuous improvement of synthetic technology and the cognitive acceptance of the younger generation of consumers, the development of the diamond industry will become more and more mature, and there is a huge space for development in the future. China is the world’s largest producer of cultivated diamonds, mainly using HPHT production method. At present, there are relatively mature enterprises in the upstream core profit link of cultivated diamonds, and the upstream competition pattern is relatively stable, while the downstream brand has not yet formed a mature listed company. Looking forward to the future, domestic cultivated diamond brands are expected to rise.
Northeast Securities Co.Ltd(000686) believes that the development of quality diamonds has just started in terms of cultivating diamonds. Low penetration and cost-effective advantages are clearly expected to open the jewelry waist market with price. Under the same price, “bigger carat” is expected to realize the escalation of carat freestyle consumption in the mid low end wedding market, and the jewelry giants such as Yu Garden and SWAROVSKI will continue to enter the industry with a high degree of prosperity. At present, the supply side continues to be in short supply, the technology renewal iteration of manufacturers continues, and the output value of single press of leading companies in the industry continues to increase.
Tesla sells nearly 60000 vehicles a month. The agency recommends three main lines to layout the electric vehicle sector
According to the data of the passenger Federation, the wholesale sales volume of new energy passenger vehicles reached 412000 in January, a year-on-year increase of 141.4%; The retail penetration rate of new energy vehicles in China was 16.6%, an increase of 10 percentage points year-on-year; In terms of auto enterprises, Tesla China’s wholesale sales reached 59845 vehicles.
According to Tesla‘s official website, it takes 3-4 months to order model 3 / y. The production capacity problem has become the bottleneck restricting Tesla‘s further rapid growth in sales. The company’s inventory sales ratio fell to a new low of four days in the fourth quarter of last year, which makes its output expansion almost equal to sales growth. At present, preparations for the construction of the third phase of Tesla Shanghai Super factory are under way, and the area will double that of the current one. Outside Shanghai, many cities have also actively extended “olive branches” to strive for the landing of Tesla’s second factory in China.
Anxin Securities pointed out that from the current performance forecast, the performance of many targets exceeded expectations. It has returned to 20x / 30x valuation in 2022. It reiterated that Xinneng is a track with high growth and high certainty. China, the United States and Europe are expected to continue to resonate, and recommended the current layout time point. In the long run, on the ten-year golden track of electric vehicles, China’s lithium battery industry chain has high growth and the investment value continues to highlight. It is suggested to over allocate the electric vehicle sector and focus on three main lines:
Main line 1: the long-term competition pattern is better and there are marginal changes in the short term. Key recommendations: Battery link Contemporary Amperex Technology Co.Limited(300750) , diaphragm link Yunnan Energy New Material Co.Ltd(002812) , thermal management Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , high voltage DC Hongfa Technology Co.Ltd(600885) , etc. it is recommended to pay attention to Xiamen Faratronic Co.Ltd(600563) , Xi’An Sinofuse Electric Co.Ltd(301031) , etc.
Main line 2: Battery 4680 technology iteration, driving the upgrading of the industrial chain.
4680 can achieve 210wh / kg at present. If high nickel 91 series and silicon-based negative electrode are used in the subsequent system, the energy density of the system may be close to 270wh / kg, which can greatly solve the problem of heat management of high nickel series. Focus on: Shenzhen Kedali Industry Co.Ltd(002850) , Suzhou Slac Precision Equipment Co.Ltd(300382) and other structural parts of large cylindrical shell; Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Beijing Easpring Material Technology Co.Ltd(300073) , Guangdong Fangyuan Environment Co.Ltd(688148) , Guizhou Zhenhua E-Chem Inc(688707) , Hunan Changyuan Lico Co.Ltd(688779) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) , Gem Co.Ltd(002340) of high nickel positive electrode; Layout lifsi’s Guangzhou Tinci Materials Technology Co.Ltd(002709) , Shenzhen Capchem Technology.Ltd(300037) and related targets in the field of carbon nanotubes.
Main line 3: look at the high boom industrial chain with tight supply and demand in 2-3 years. Focus on: diaphragm links Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) , Cangzhou Mingzhu Plastic Co.Ltd(002108) , Sinoma Science & Technology Co.Ltd(002080) ; Copper foil links Nuode Investment Co.Ltd(600110) , Guangdong Jiayuan Technology Co.Ltd(688388) , Far East Smarter Energy Co.Ltd(600869) ; Negative link Shanghai Putailai New Energy Technology Co.Ltd(603659) , Hunan Zhongke Electric Co.Ltd(300035) , Ningbo Shanshan Co.Ltd(600884) , beiteri, Shenzhen Xfh Technology Co.Ltd(300890) , etc.
rare earth price index continues to hit a record high, and relevant stocks may be concerned
According to the China Rare Earth Industry Association, the rare earth price index was 420.6 on February 14, up 17.1 points from last Friday, reaching a new high. Huabao Securities believes that on the demand side, there is strong demand in terminal areas such as wind turbines and new energy vehicles after the Spring Festival, with an increase in orders. Large magnetic material enterprises are full of orders. Although the first batch of rare earth mining indicators were issued, it coincides with the rainy season, and the mining of medium and heavy rare earth mines in the south is difficult. It is expected that the supply of medium and heavy rare earth oxides in China will not increase in the first quarter. The widening gap between supply and demand makes magnetic material enterprises have strong bullish sentiment on the price of rare earth raw materials. Some magnetic material enterprises lock prices with upstream enterprises. The contradiction in the rare earth market has changed from the contradiction of low acceptance of prices in the downstream to the contradiction of supply and demand in short supply of rare earth. The rare earth sector is expected to continue to strengthen, and it is suggested to focus on industry leading companies.
Northeast Securities Co.Ltd(000686) pointed out that from theme investment to industrial reform, we should pay attention to the historic opportunity of restructuring the valuation system of rare earth sector. 1) In the long run, the valuation system of rare earth sector may face reconstruction under industrial reform. At present, rare earths can be compared with lithium in 2015-2016 and cobalt in 2018. The upstream material properties of new energy are gradually strengthened, and it is expected to reproduce the logic of high demand for lithium and cobalt in history in the future. At the same time, the characteristics of strict policy control and high concentration of industry make the supply end of rare earths even better than lithium and cobalt, and the ability to cross the cycle in the future may be stronger. The valuation system of rare earth sector is facing reconstruction. 2) In the medium term, the supply will exceed the demand in the next three years, and the prosperity of the industry is expected to continue to improve. The downstream electric vehicle track has a long slope and thick snow. At the same time, wind power, air conditioning and other fields are also blooming at many points, which will fully open the demand space for rare earth. The supply elasticity outside China is weak. It is expected that the tension between supply and demand of rare earth praseodymium and neodymium will continue in the next three years, and the prosperity of the industry is expected to continue to improve.
The agency believes that at the current time point, rare earth has changed from the resource product with the worst pattern to the resource product with the best pattern. The whole industry is ushering in an epic turning point, and the valuation system is expected to be reconstructed. With the upward movement of the rare earth price center, leading enterprises are expected to continue to realize high profits, so they should grasp the opportunity to revalue the value of rare earth core assets with pricing power. Related subjects: China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , China Minmetals Rare Earth Co.Ltd(000831) , Inner Mongolia Baotou Steel Union Co.Ltd(600010) , Shenghe Resources Holding Co.Ltd(600392) , Xiamen Tungsten Co.Ltd(600549) , etc.
technology giants have entered the market to build cars, and China’s automobile and electronics industry has ushered in double upgrading opportunities
Why can an investor exchange meeting of Luxshare Precision Industry Co.Ltd(002475) attract the participation of more than 200 institutions? There are also well-known institutions such as Boshi fund, Danshui spring, Temasek futon, Wells Fargo fund, Goldman Sachs asset management, Gaoyi assets, huitianfu fund and so on. Some insiders believe that as a giant of Apple’s industrial chain, Luxshare Precision Industry Co.Ltd(002475) and its major shareholders have made great efforts to advance into new energy vehicles, which is of wind vane significance. This is also the reason why giants have joined the automobile industry chain, especially in Chinese enterprises with relatively backward automobile industry.
This is a big market full of opportunities. Wang Laichun said on the conference call that the market scale of Tier1 is almost 70% of the total output value of all auto enterprises. As we all know, the top four Tier1 manufacturers in the world, Bosch, Japan electric equipment, ZF and Magna, all have a revenue scale of more than US $30 billion. Among the top 100 Tier1 manufacturers in the world, there are only 8 Chinese enterprises.
In the era of intelligent Internet connection, the core of automobile has changed from the three major parts of traditional fuel vehicles (engine, transmission and chassis) to three electricity (electric drive, battery and electronic control), which has brought a huge incremental market to the whole industrial chain. According to the report on the development trend of China’s smart Internet market released by IHS Markit, the penetration rate of new vehicles equipped with Internet of vehicles in the global market will be about 45% in 2020. By 2025, the penetration rate of smart vehicles in the global auto market will increase to 60%, and the proportion in the Chinese market will reach 75%.
The track has several times or even dozens of times of growth space. “Smart connected vehicles will be the largest intelligent terminal after mobile phones and one of the main driving forces for the growth of semiconductors.” Dai Weimin, the founder and chairman of Verisilicon Microelectronics (Shanghai) Co.Ltd(688521) said in an exclusive interview with reporters that in the past, cars may need 500 or 600 chips, while intelligent Internet connected vehicles need at least 2000 chips, which brings four times the driving force to the development of semiconductors.
“Vehicle end, roadside and vehicle road coordination are identified opportunities.” The relevant person in charge of Gosuncn Technology Group Co.Ltd(300098) said in an interview that car enterprises accelerate their embrace of intelligence and actively layout on-board electronics; Vehicle road coordination is the infrastructure for the development of intelligent networked vehicles. With the promotion of the “14th five year plan” of all provinces, vehicle road coordination will accelerate the development of intelligent networked vehicles. From the perspective of investment, lidar, intelligent cockpit, v2x, high-precision map, on-board audio-visual and safety are all good opportunities.
Lidar has become a “tuyere” for car factory investment. Public information shows that Xiaopeng automobile and Shangqi capital (SAIC Equity Fund) invested in Yijing technology of MEMS lidar company, Weilai capital controlled by Li Bin invested in innovusion, a lidar start-up company, and Byd Company Limited(002594) took shares in robosense, a star lidar company.
