Today (December 14), Shanghai and Shenzhen markets opened low across the board, with obvious stock index differentiation, small cap stocks rebounded, and heavyweights adjusted. On the disk, in terms of industries, cultural media, medical devices, computer equipment, education, aerospace, education and other industries led the increase; Energy metals, automobile, coal, steel, oil, securities companies, insurance, banking and other industries made a slight correction. In terms of subject stocks, digital currency, vocational education, radio and television, yuanuniverse, intellectual property rights, titanium dioxide, etc. led the rise, while blade batteries, low-carbon metallurgy, glyphosate, phosphorus chemical industry, etc. made a slight correction.
the concept of digital currency rose Client Service International Inc(300663) “20cm” limit Qitian Technology Group Co.Ltd(300061) and so on
The concept of digital currency rose on the 14th. As of press time, Client Service International Inc(300663) “20cm” limit, Qitian Technology Group Co.Ltd(300061) , new country Urovo Technology Co.Ltd(300531) and other outstanding performances.
Client Service International Inc(300663) recently said on the investor interaction platform that “metauniverse” is a collection of virtual time and space, which is composed of a series of augmented reality (AR), virtual reality (VR) and the Internet (Internet). “Metauniverse” is a virtual world parallel to the real world and highly interconnected, using AR / VR, cloud computing, AI, 5g, blockchain and other technologies. The company is mainly engaged in financial applications, and is planning to use AR / VR and other technologies to build marketing scenarios in mobile banking system and bank virtual business hall.
For the investment opportunities related to digital currency, Everbright Securities Company Limited(601788) pointed out that with the acceleration of the promotion of digital currency and the approach of the time point of full implementation, various preparations and infrastructure upgrading will gradually speed up, and companies in relevant industrial chains will usher in the opportunity of accelerating development. It is suggested to pay attention to three main investment lines: the first main line is to pay attention to the payment hardware market, The promotion of digital currency and the implementation of barcode payment supervision and other policies will drive the iterative upgrading of payment hardware, and the suppliers of intelligent payment equipment at the receiving end and physical hardware wallet at the paying end will benefit.
The second main line suggests paying attention to the bank it upgrading and transformation market. Banks play a great role in the issuance and trading of digital RMB. Due to their legal currency positioning, banks need to upgrade their systems to meet the trading needs of digital currency in the future. As of June 30, 2021, there are 4608 banking financial institutions in China, including 12 joint-stock commercial banks, 6 large state-owned commercial banks There are three policy banks. There is a huge market space for bank it transformation. It is recommended to pay attention to Shenzhen Sunline Tech Co.Ltd(300348) , Tansun Technology Co.Ltd(300872) , Guangzhou Kingteller Technology Co.Ltd(002177) , Chase Science Co.Ltd(300941) , Client Service International Inc(300663) , Jiangsu Hoperun Software Co.Ltd(300339) , etc.
The third main line suggests paying attention to the promotion and scenario service companies serving digital RMB. Specifically, third-party payment services and acquiring companies will also benefit from the implementation of digital currency. It is suggested to pay attention to Lakala Payment Co.Ltd(300773) , Xgd Inc(300130) and Hyunion Holding Co.Ltd(002537) .
the concept of Yuan universe raises the limit tide again. The organization says yuan universe will become one of the main investment lines next year
It is reported that recently, baidu announced that it will release the meta universe product “xirang” on December 27. At that time, baidu create 2021 (Baidu AI Developer Conference) will be held in xirang app. This is China’s first conference held in the meta universe, which can accommodate 100000 people to interact on the same screen at the same time. On the disk, Yuan universe concept stocks continued to strengthen, and today there was another rise in the limit, Shunya International Martech (Beijing) Co.Ltd(300612) , Hubei Radio & Television Information Network Co.Ltd(000665) , Zhewen Interactive Group Co.Ltd(600986) , Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) , Meisheng Cultural & Creative Corp.Ltd(002699) and other stocks.
Huatai Securities Co.Ltd(601688) pointed out that with the gradual clarification of regulatory ideas, the continuous mitigation of epidemic impact and the iteration of new technologies and hardware, the media industry is expected to usher in structural configuration opportunities in 2022, following two ideas: 1. Grasp the leading subdivided industries with relatively high prosperity and companies with core competitive advantage barriers, covering the fields of games / long and short videos / industrial Internet / building advertising; 2. Actively embrace the big wave of industrial trend under the iteration of science and technology, and explore investment opportunities related to metauniverse, including VR / AR, etc. With the entry of giants and the continuous popularization of hardware, yuanuniverse will become one of the main investment lines in 22 years.
auto parts stocks rose sharply Shanghai Yanpu Metal Products Co.Ltd(605128) , Zhejiang Yueling Co.Ltd(002725) and other stocks rose by the limit
Auto parts stocks rose collectively on the 14th. As of press time, Guangdong Dcenti Auto-Parts Stock Limited Company(603335) , West Shanghai Automotive Service Co.Ltd(605151) , Hunan Tyen Machinery Co.Ltd(600698) , Shanghai Yanpu Metal Products Co.Ltd(605128) , Zhejiang Yueling Co.Ltd(002725) , Fawer Automotive Parts Limited Company(000030) , Sinomach Automobile Co.Ltd(600335) and other trading limits.
Subject to the impact of chip supply, the growth rate of automobile production and sales slowed down in the second and third quarters. It is expected that China’s automobile sales will increase by 5.5% year-on-year in 2021. However, since October, China’s automobile production and sales have gradually improved month on month, and the current end inventory level of the industry is very low. Under the background of the gradual weakening of inventory replenishment power and chip impact, the agency expects that the growth rate of automobile production and sales will still be optimistic next year. In addition, the price of raw materials peaked at the end of the third quarter. With the increase of automobile production and sales, it is expected that the profit side of the industry will also improve significantly.
Wanlian Securities believes that independent brands respond well in the global “lack of core” environment, and their parts supply chain management ability is stronger than that of joint venture brands. They take the lead in recovery in the short term and benefit from the development trend of electrification and intelligence in the long term. Independent brands seize the initiative of electrification and intelligence, and their market share is expected to continue to increase.
Anxin securities also pointed out that electric intelligence helps the rise of independent brands, thus providing opportunities for the development of independent parts. It is optimistic about those products that layout electric intelligent incremental parts based on the original business or traditional parts that are difficult to enter the mainstream market in the era of traditional fuel vehicles, and achieve a breakthrough from 0 to 1 with the help of new energy vehicles, And significantly benefit from the large volume of new energy vehicles. In 2022, we are optimistic about the following sub industries: intelligent driving & Intelligent cockpit, new energy vehicle heat management industry, interior and exterior decoration industry with consumption upgrading characteristics, etc. At the same time, it is also optimistic about the parts enterprises that benefit from the large volume of new energy vehicles, can produce high income elasticity and may grow into leading parts enterprises in subdivided industries in the future. It is recommended to focus on: Changzhou Xingyu Automotive Lighting Systems Co.Ltd(601799) , Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) , and it is recommended to pay attention to: Mingxin Automotive Leather Co.Ltd(605068) , Suzhou Sonavox Electronics Co.Ltd(688533) , Keboda Technology Co.Ltd(603786) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Foryou Corporation(002906) , Meig Smart Technology Co.Ltd(002881) .
industry leaders raise the price of titanium dioxide: the industrial chain cuts into the new energy industry and ushers in the value revaluation
Lb Group Co.Ltd(002601) on December 13, it was announced that according to the market demand of titanium dioxide and the rise of raw material prices, the company’s price committee decided that since January 1, 2022, the sales price of various models of titanium dioxide (including sulfuric acid titanium dioxide and chlorination titanium dioxide) of the company will be increased by 1000 yuan / ton to various customers in China on the basis of the original price, Increase by $150 / ton for various international customers.
Huaan Securities Co.Ltd(600909) pointed out that on August 25, the Ministry of industry and information technology said in a letter on the reply to the proposal No. 1341 (Gongjiao post and telecommunications No. 197) of the fourth session of the 13th National Committee of the CPPCC that the relevant departments are preparing the national reserve development plan for the 14th five year plan and will fully consider the proposal to include titanium dioxide into the national strategic resource reserve. Titanium dioxide has a wide range of applications. It is an essential industrial raw material for the production of coatings, plastics, papermaking and other products. The state attaches great importance to the development of titanium dioxide industry and actively promotes the industrialization of new processes and comprehensive utilization of resources. The Ministry of industry and information technology pointed out that China’s ilmenite reserves rank first in the world. It is also the largest producer and consumer of titanium dioxide in the world. The market supply is sufficient and the safety guarantee ability is strong.
At the same time, the core of the change in the valuation system of titanium dioxide enterprises lies in the future development direction of enterprises. Leading enterprises are expected to quickly enter the new energy iron phosphate industry through the comprehensive utilization of titanium dioxide industry chain. In the context of the upward prosperity of titanium dioxide, the increasing demand and the limited new supply, the price of titanium dioxide is rising. Some titanium dioxide enterprises, such as Lb Group Co.Ltd(002601) , Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Anhui Annada Titanium Industry Co.Ltd(002136) , began to enter the field of new energy, produce iron phosphate or lithium iron phosphate, and realize the coupling of titanium industry chain and new energy industry chain. Titanium dioxide enterprises are expected to use by-products such as waste acid and ferrous sulfate as raw materials for the production of iron phosphate to greatly reduce production costs. With the accelerated layout of titanium dioxide enterprises in the field of new energy cathode materials, the titanium dioxide industry chain is expected to usher in value revaluation. It is recommended to invest in titanium dioxide enterprises with cost advantages and accelerate the layout of iron phosphate or lithium iron phosphate materials, and pay attention to Lb Group Co.Ltd(002601) .
the two ministries and commissions emphasized accelerating the construction of charging piles and power exchange stations, highlighting the investment opportunities of charging and power exchange infrastructure
The national development and Reform Commission and the Ministry of industry and information technology issued the notice on the implementation plan for invigorating industrial economic operation and promoting high-quality industrial development. The notice proposes to accelerate the promotion and application of new energy vehicles and accelerate the construction of supporting facilities such as charging piles and power exchange stations. Data show that the penetration rate of new energy vehicles has further improved. According to the statistical analysis of China Automobile Industry Association, from January to November 2021, production and sales continued to reach a new high, with a cumulative output of more than 3 million vehicles and a sales volume of nearly 3 million vehicles. In November, the market penetration rate of new energy vehicles was 17.8%, which continued to be higher than that of last month, of which the market penetration rate of new energy passenger vehicles reached 19.5%.
China International Capital Corporation Limited(601995) pointed out that the number of new energy vehicles is expected to be 8.26 million in 2021, and the vehicle pile ratio is as high as 3.17, which is still accelerating. In 2022, there will be 10 million new energy owners who have to rely on the public charging system for energy supplement, and the contradiction will become increasingly prominent. The investment opportunities of charging for power infrastructure are highlighted. It is expected that there will be “a big outbreak of power replacement, auto enterprises accelerating the self construction of ultra / fast charging stations, and slow charging accelerating into the community” in 2022.
In terms of power exchange mode, AVIC Securities believes that with the gradual recognition of power exchange mode, many enterprises have indicated that they will carry out the R & D and layout of power exchange mode. It is conservatively estimated that the number of replacement power stations in China will be more than 20000 in 2025. Based on this, it is estimated that the total investment in new replacement power stations during the 14th Five Year Plan period will reach 127.6 billion yuan, and the CAGR from 2021 to 2025 will be 175%; During the “14th five year plan” period, the operation market space of the power exchange station reached 109.1 billion yuan, and the CAGR from 2021 to 2025 was 306.71%. It is recommended to focus on enterprises with leading layout: Gcl Energy Technology Co.Ltd(002015) , Suzhou Harmontronics Automation Technology Co.Ltd(688022) , Bozhon Precision Industry Technology Co.Ltd(688097) , Shandong Weida Machinery Co.Ltd(002026) .
the production and marketing of new energy vehicles continued to reach a new high, and the industrial chain entered a high-speed growth stage (with shares)
According to the statistical analysis of China Automobile Industry Association, in November 2021, automobile production and sales continued to decline year-on-year. Although there is great downward pressure, there are still many bright spots in the industry. First, the market demand for new energy vehicles is still strong, and the production and sales continue to reach a new high. The cumulative output has exceeded 3 million, and the sales volume is close to 3 million. The cumulative sales penetration rate from January to November has increased to 12.7%. At present, consumers are more and more receptive to new energy vehicles, and the new energy vehicle market has shifted from policy driven to market driven; Second, in November, automobile exports also continued to maintain high-speed growth year-on-year; Third, the share of Chinese brand passenger cars has maintained growth for 8 consecutive months year-on-year.
Galaxy Securities believes that in 2021, due to the shortage of global automobile chip supply due to epidemic and extreme weather, the terminal production reduction caused by the global automobile chip supply has put the industry into a mismatch state where demand exceeds supply. With the gradual recovery of the supply chain, the total automobile sales will rise slightly year-on-year in 2022, which is expected to reach around 26.5 million vehicles. The penetration rate of new energy vehicles has increased significantly. We expect that the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will be around 6.11 million in 2022, and the global sales volume will be close to 12 million.
Citic Securities Company Limited(600030) pointed out that the high-quality models of mainstream automobile enterprises have been launched continuously to improve the industry boom, and the upward trend of the industry is clear. The policy environment in the United States has warmed up, and the local new energy vehicle industry is expected to return to high growth. Tesla is expected to continue to lead the global trend of electrification. The global new energy vehicle industry chain has entered a stage of rapid growth. At the current time, it is recommended to continue to grasp the opportunities of high-quality targets in the global electrification supply chain, especially Tesla, Contemporary Amperex Technology Co.Limited(300750) , LG Chemical Supply Chain, including: 1) battery / motor link Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) (a + H), Eve Energy Co.Ltd(300014) , Sunwoda Electronic Co.Ltd(300207) , Tongling Jingda Special Magnet Wire Co.Ltd(600577) ; For Shenzhen Dynanonic Co.Ltd(300769) , Cngr Advanced Material Co.Ltd(300919) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Ningbo Shanshan Co.Ltd(600884) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Capchem Technology.Ltd(300037) , Xiamen Tungsten Co.Ltd(600549) of lithium battery materials, it is recommended to pay attention to Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Kedali Industry Co.Ltd(002850) , Guangzhou Tinci Materials Technology Co.Ltd(002709) ; 2) Upstream equipment and resources: Ganfeng Lithium Co.Ltd(002460) etc., pay attention to Zhejiang Hangke Technology Incorporated Company(688006) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) ; 3) Thermal management supply chain: Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) (thermal management), Zhejiang Yinlun Machinery Co.Ltd(002126) (thermal management), Ningbo Tuopu Group Co.Ltd(601689) etc.
