Double financing balance
As of February 17, the two financial balances of Shanghai Stock Exchange reported 916.016 billion yuan, an increase of 265 million yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 805.267 billion yuan, an increase of 778 million yuan over the previous trading day; The two cities totaled 172.182 billion yuan, an increase of 1.042 billion yuan over the previous trading day.
Latest views
On Thursday, A-Shares fluctuated upward, lithium battery, new energy and other track stocks rebounded, and the gem index took the lead. Risk aversion in the afternoon pushed gold stocks up in the afternoon, and there were also signs of short-term changes in military stocks. As of the close, the Shanghai stock index rose 0.06%, the Shenzhen Component Index rose 0.35%, the gem index rose 0.76%, the Shanghai and Shenzhen 300 rose 0.24%, the Shanghai Stock Exchange 50 rose 0.10%, and the China Stock Exchange 500 fell 0.05%. The number of gainers in the two cities was 1572, lower than the average value of 2567 last week and lower than 3510 in the previous trading day. The limit was 59, lower than the average value of 91 last week and 79 the previous trading day. The number of decliners in the two cities was 2944, higher than the average of 1945 last week and 998 in the previous trading day. The number of drop limits was 17, lower than the average value of 22 last week and higher than 4 in the previous trading day. Northbound funds had a net inflow of 1.721 billion yuan, with an average net inflow of 2.149 billion yuan last week and a net outflow of 1.623 billion yuan on the previous trading day.
The turnover of the two cities was 909.870 billion yuan, with an average value of 913.288 billion yuan last week and 807.815 billion yuan the previous trading day. The amount can be slightly enlarged. At present, the capital selection path is relatively narrow. On the whole, it is still in the state of one change and the other. This means that the market is warming, but the risk appetite has not been completely repaired, which means that under the background of heavy selling force above, no amount will step back.
Topic tracking
Today’s focus: lithium extraction from Salt Lake, wind power equipment and energy storage
1. Theme of lithium extraction from Salt Lake: on February 16, Tesla signed a large lithium ore purchase order with Australian lithium miners to purchase 100000 dry metric tons of spodumene concentrate in the first year. Liontown will supply lithium ore from its Kathleen Valley lithium project in Western Australia, which is expected to begin commercial production in 2025. The supply to Tesla will account for about one-third of the annual production capacity of the project. At present, the penetration rate of new energy vehicles has increased, driving the rapid growth of lithium carbonate demand; On February 11, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) information showed that in the four trading days after the Spring Festival, the average price of battery grade lithium carbonate increased from 366000 yuan / ton to 400000 yuan / ton, with a cumulative increase of 9.3% and an average daily increase of 8500 yuan / ton. Since this year, the price of lithium carbonate has increased by 43%. The performance of many companies increased significantly in advance. Suggested attention: Bgt Group Co.Ltd(300774) (300774), Tianqi Lithium Corporation(002466) (002466)
2. Theme of wind power equipment: on February 10, the national development and Reform Commission and the National Energy Administration issued the opinions on improving the system, mechanism, policies and measures of green and low-carbon energy transformation. The opinion proposes to promote the construction of an energy supply system dominated by clean and low-carbon energy. Focusing on deserts, Gobi and desert areas, accelerate the construction of large-scale wind power and photovoltaic power generation bases, upgrade and transform the existing coal-fired power units in the region, explore and establish a mechanism for coordination between the sending and receiving ends to provide regulation for the transmission of new energy power, and support the construction, combination and development of new energy power. Suggestions: Dajin Heavy Industry Co.Ltd(002487) (002487), Jinlei Technology Co.Ltd(300443) (300443)
3. Energy storage theme: in the first November of 2021, the power generation of Shanxi Guoxin Energy Corporation Limited(600617) alone reached 1035.57 billion kwh, a year-on-year increase of 32.97%. China’s new installed capacity of global energy storage also jumped to the first. By the end of 2020, the installed capacity of global energy storage is 191gw. With the acceleration of global energy transformation and the continuous deepening of 5g base station industrialization, the installed capacity of global energy storage may reach more than 350gw by 2030. From the perspective of new installed capacity, the global installed capacity of electrochemical energy storage increased from less than 1GW to more than 14gw from 2012 to 2020. Among them, the compound growth rate of installed capacity of lithium energy storage exceeded 107%. Suggested attention: Guangzhou Great Power Energy&Technology Co.Ltd(300438) (300438), Ginlong Technologies Co.Ltd(300763) (300763)
Risk tips
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
