The market performance was dismal this week, and the northward capital experienced a substantial outflow. However, on the last trading day of this week, northbound funds opened the bottom reading mode.
According to the data, the cumulative net outflow of northward funds this week was 6.413 billion yuan. In the first four trading days, there was a significant net outflow of northward funds in three trading days; On Friday, northbound funds flowed in 6.385 billion yuan.
From the change of the shareholding ratio of northbound funds, the largest proportion of northbound funds was Estun Automation Co.Ltd(002747) this week, with an increase of 1.64% from 21.68% to 23.32%. The proportion of Nanjing Chervon Auto Precision Technology Co.Ltd(603982) on the main board and Beijing Supermap Software Co.Ltd(300036) on the gem were increased by 1.55% and 1.09% respectively. Among the top ten stocks with increased shareholding ratio of northbound funds, 9 stocks were increased by more than 1%.
Judging from the changes in the market value of capital holdings in the north, track stocks are in full bloom. photovoltaic, lithium battery, new energy vehicle and other new energy track stocks were affected by , and the market value of positions such as Longi Green Energy Technology Co.Ltd(601012) , Contemporary Amperex Technology Co.Limited(300750) , Sungrow Power Supply Co.Ltd(300274) , Yunnan Energy New Material Co.Ltd(002812) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) increased significantly. Among them, the market value of Longi Green Energy Technology Co.Ltd(601012) increased the most, with an increase of 4.512 billion yuan, and the shareholding ratio increased by 0.12%. The market value of Contemporary Amperex Technology Co.Limited(300750) increased by 3.872 billion yuan, and the shareholding ratio increased by 0.02%.
The agency also remains optimistic about the new energy track. Guosen Securities Co.Ltd(002736) said that in terms of photovoltaic, the supply and demand of upstream polysilicon materials are still in tight balance in 2022, and the price has reached about 230-240 yuan. With the release of new polysilicon production capacity in the second half of the year, it is expected that the component price will gradually callback to about 1.7-1.8 yuan / W. The household and industrial and commercial markets continued to develop. In 2021, China’s household photovoltaic installed capacity increased by 21.5gw, a year-on-year increase of 114%, exceeding market expectations.
In 2022, the overseas market will continue to contribute to the high growth rate of installed capacity. TOPCON is expected to take the lead in large-scale production in 2022, and the cost reduction route of heterojunction is becoming clearer and clearer. Some integrated enterprises are expected to benefit from the lower cost of upstream silicon, and n-type batteries are expected to obtain a technology premium in a certain period of time in the future.
In terms of new energy vehicles and lithium batteries, Guosen Securities Co.Ltd(002736) believes that the sales volume of new energy vehicles in January exceeded the market expectation after the price rise, confirming the high prosperity of the downstream; Tesla 4680 battery is about to be loaded, which promotes the increase of shipments of relevant new technology products. We continue to be optimistic about the leading targets with good pattern and reasonable valuation: 1) 4680 battery benefit areas: battery enterprises with early layout ( Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) ), high nickel positive electrode ( Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Beijing Easpring Material Technology Co.Ltd(300073) ), silicon-based negative electrode ( Shanghai Putailai New Energy Technology Co.Ltd(603659) ), carbon nanotube ( Jiangsu Cnano Technology Co.Ltd(688116) ), new lithium salt ( Guangzhou Tinci Materials Technology Co.Ltd(002709) ); 2) Import substitution of consumer batteries, smooth price rise and excellent pattern. Recommend electric tool batteries ( Jiangsu Azure Corporation(002245) ) and 3C lithium battery consumption China leader ( Zhuhai Cosmx Battery Co.Ltd(688772) ).
