Overall: last week (2022820220306), CSI 300 rose or fell by – 1.68%, gem rose or fell by – 3.75%, and the automotive industry rose or fell by – 4.75%, ranking 30th in 30 industries at the first level of CITIC.
Industry segments: auto sales and services ranked first with a weekly increase or decrease of + 0.55%, and auto parts industry ranked last with a weekly increase or decrease of – 6.02%.
Concept sector: ethanol gasoline and smart parking ranked first with weekly increases and decreases of + 5.25% and – 0.12% respectively, and Contemporary Amperex Technology Co.Limited(300750) industrial chain index and new energy vehicle industry ranked last with weekly increases and decreases of – 5.87% and – 5.50% respectively.
Last week, China CITIC (2020620306) shares realized earnings in the auto industry. Among them, Zhonglu.Co.Ltd(600818) ranked first with a rise and fall of + 15.52%, and Anhui Zhongding Sealing Parts Co.Ltd(000887) ranked last with a rise and fall of – 20.11%.
Valuation: as of March 4, 2022, the PE (TTM) of the automotive industry (CITIC class I) was 37.50 and the PE (TTM) of new energy vehicles was 57.46.
Industry highlights
1) Ningbo Ronbay New Energy Technology Co.Ltd(688005) and Gem Co.Ltd(002340) reached strategic cooperation;
2) Sunwoda Electronic Co.Ltd(300207) plans to invest 12 billion yuan to build a 30gwh battery project in Zhuhai;
3) the price of battery grade lithium carbonate stands at 500000 yuan;
4) voices of the two sessions: eight representatives made suggestions on the lithium battery industry.
Investment advice
According to the weekly statistics of the passenger Union, the number of cars increased by 10% year-on-year in February, and the overall performance was good. At the same time, according to the observation of new energy vehicle enterprises that have announced the sales volume in February, it is expected that new energy vehicles will still maintain a high growth rate this year, but the gross profit margin of enterprises may decline due to the rise of upstream raw material prices and the reduction of subsidies. In the near term, it is suggested to focus on the hot spots of the two sessions of the two sessions, the new energy sector, lithium cathode raw materials, battery recycling companies, the recovery of passenger car and vehicle companies that have been more affected by chips in the early stage, and the recovery of passenger car and vehicle companies, and core parts companies, such as China Pacific Insurance (Group) Co.Ltd(601601) Guangzhou Automobile Group Co.Ltd(601238) 238\\\\\\\\\\\\\\\\\\\\\\beingthe hot spots of the two sessions, the new energy sectors, lithium cathode cathode raw materials, battery recycling companies, and battery recycling companies, the recovery of passenger car and vehicle companies that have been more affected by chips in the early stages, and core parts and parts companies, such as: China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) Guangzhou Automobile Group Co.Ltd(601238) 238 Guangzhou Automobile Group Co.Ltd(601238) Guangzhou Automobile Group Co.Ltd(601238) 238238340 .
Risk tips
Economic growth is lower than expected; Car sales are less than expected; Covid-19 pneumonia continues to spread
