This week’s view
The power equipment and new energy index rose 4.8% this week, of which Contemporary Amperex Technology Co.Limited(300750) rose 7.7% and Yunnan Energy New Material Co.Ltd(002812) rose more than 11%. With the gradual rationalization of the overall valuation of the sector and the change of market style, some leading enterprises with excellent pattern rebounded more obviously.
From the perspective of the sales volume of new energy vehicles and the installed capacity of lithium batteries in January 2022, the overall situation is not light in the off-season, and the fundamentals of new energy vehicles are still strong. With the improvement of the sales structure and quality of new energy vehicles, the penetration rate of new energy vehicles is expected to accelerate this year, and the sales volume may continue to exceed market expectations. The growth of the industry is superimposed on the track pattern, and the global leader of lithium battery hopes to enjoy higher development“ α+β” Dividend, lithium battery, diaphragm and other high growth segment leaders have higher certainty. It is recommended to pay attention to Eve Energy Co.Ltd(300014) , Yunnan Energy New Material Co.Ltd(002812) .
Market performance
This week, the Shanghai Composite Index rose 0.80% to close at 3490.76; CSI 300 rose 1.08% to close at 4651.24; CITIC power new energy industry index rose 4.80%, outperforming the CSI 300 index by 3.72%. In terms of sub sectors, the new energy vehicle index rose 3.04%, the photovoltaic index rose 5.28% and the wind power index rose 2.43%.
Some company dynamics
On February 14, 2022, Keda Industrial Group Co.Ltd(600499) released the performance express. In 2020, the company achieved an operating revenue of 9.591 billion yuan, a year-on-year increase of 31.43%; The net profit was 1.032 billion yuan, a year-on-year increase of 294.6%. The announcement said that during the reporting period, the company achieved steady growth in performance around the strategy of focusing on high-end manufacturing and main business; Benefiting from the increase of production and sales volume and product price of Lanke lithium, the company’s investment income increased significantly. (company announcement)
On February 16, 2022, Eve Energy Co.Ltd(300014) signed the cooperation agreement on the whole industry chain project of new energy batteries with the people’s Government of Yuxi City, Yunnan Province, Yunnan Energy New Material Co.Ltd(002812) Co., Ltd., Huayou holdings and Yunnan Yuntianhua Co.Ltd(600096) in Kunming, Yunnan Province. It was agreed that all parties would jointly establish two joint ventures in Yuxi City and jointly mine mineral resources after obtaining exploration and mining rights through the joint venture in accordance with the law and regulations, Carry out deep processing of minerals, jointly develop, produce and sell new energy batteries and upstream and downstream materials of new energy batteries, promote the construction of new energy battery industry chain, and jointly promote the formation of 100 billion level new energy battery whole industry chain cluster in Yuxi City. (company announcement)
Risk tips
The risk of intensified market competition, repeated epidemic and subsidy policy.
