Today, the Shanghai and Shenzhen stock markets fell into adjustment again. From the plate, the yuan universe, the Chinese medicine plate heat, Baijiu and other consumer sectors are active in the market, and lithium, photovoltaic, energy storage and other new energy race led the market.
The Shanghai stock index fell 0.69%, the gem index fell 2.27%, and the growth style was generally corrected. Among them, the power equipment and new energy sector fell 4.24%, with a large adjustment range. Contemporary Amperex Technology Co.Limited(300750) (300750. SZ) fell 7.28% today and Tongwei Co.Ltd(600438) (600438. SH) fell 6.33%.
Near the end of the year, why did the new energy sector begin to turn into a “slag man” and staged a “small rise in two days and a big fall in one day”?
Huaxia Fund said that from the news level, there are some bad news incentives for the adjustment of the lithium battery sector. First, the sodium ion battery industry is advancing rapidly. It is reported that zhongkehai sodium has reached cooperation with China Three Gorges Renewables (Group) Co.Ltd(600905) , Three Gorges capital and the people’s Government of Fuyang City, Anhui Province to jointly build the world’s first large-scale production line of sodium ion batteries. The market is worried about the impact on the original line; Second, according to media news, new geological discoveries jointly form a huge lithium ore belt with a length of about 4000 km, and the supply of lithium resources may increase; Third, under the continuous price rise trend of lithium carbonate, the market is worried about the affordability of downstream vehicle manufacturers.
In the current position of the sector, Huaxia Fund believes that the overall fluctuation trend will continue, and the overvalued value will have digestion pressure and demand in stages. In addition, we should be alert to the possible reversal of supply and demand, and the stock price volatility of such varieties may be higher.
Huaxia Fund believes that the new energy vehicle sector is still the best choice for investment next year, and will usher in a better boarding opportunity again after adjustment. Main reasons: new energy is one of the sectors with the highest growth rate next year. The performance growth of new energy vehicles is gradually realized. The performance growth expectations of energy storage, photovoltaic and smart grid are high. The growth rate of a large number of sub industries is higher than 40%, so it is difficult to get out of the bear market in the boom;
From batteries and lithium battery equipment to upstream resources, the competition pattern has been relatively stable. Leading enterprises have obvious barriers in terms of market share, technical route reserve and financing, which is difficult to be subverted in the medium term;
Next year is a big year of demand release. The penetration rate of new energy vehicles has increased, and photovoltaic, energy storage and power grid have increased rapidly. However, the shortage of supply is difficult to alleviate in the short term. It is good for leading enterprises with strong price transmission ability and fine-quality second-line enterprises that disperse the share of some leading enterprises with technological progress.
On the whole, under the demand for profit taking at the end of the year, the sectors with high growth have certain short-term adjustment pressure. However, jingkuang investment is a long-term and effective main investment logic. After the release of selling pressure, the new energy sector is still one of the main lines that will be active again and again next year. It is suggested to focus on it.
Ping An Fund said that the sharp decline in Contemporary Amperex Technology Co.Limited(300750) this year was mainly caused by market sentiment. Objectively speaking, the current production and manufacturing of new energy vehicles and batteries is still in an unprecedented business cycle, and the industry competition is a market-oriented behavior. The remarks of individual countries can not change the current situation of strong competitiveness of the head company, nor can they change the industry competition pattern. The dual carbon theme with new energy as the core is still the main market in the next few years, and the short-term disturbance will not affect the long-term investment value.
For the current market with continuous shock adjustment, Ping An Fund believes that it can be cautious, but there is no lack of optimism. It is suggested to allocate the following sectors: steady growth infrastructure, real estate, finance, food and beverage, etc; Military industry, automotive intelligence and parts; Carbon neutralization and carbon peak related industries, etc.
(interface News)
