Key targets: recommended Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) ; For the attention of the ”s 6 Transfar Zhilian Co.Ltd(002010) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\, Shenzhen Dynanonic Co.Ltd(300769) .
Investment perspective:
1. 2022 government work report: continue to support the consumption of new energy vehicles and strengthen the supply guarantee of raw materials and key parts. The 2022 government work report proposes:
(1) “continue to support the consumption of new energy vehicles”. Compared with the previous special emphasis on the development of new energy vehicles, the expectation of new energy vehicles in 2022 is still good. The state continues to support the consumption of new energy vehicles, releasing a positive signal, highlighting the importance of current consumer demand to the overall industrial chain.
(2) “strengthen the supply guarantee of raw materials, key parts and components, implement the project of ensuring and stabilizing the chain of leading enterprises, and maintain the safety and stability of the supply chain of the industrial chain”, and clarify the importance of the current supply security of the industrial chain. In addition, Xin Guobin, Vice Minister of the Ministry of industry and information technology, said at the press conference of the state information office on February 28, 2022 that it is necessary to moderately accelerate the development progress of China’s lithium, nickel and other resources and crack down on unfair competition such as hoarding and raising prices. At the same time, we will improve the recycling system of power batteries, support technical breakthroughs such as efficient disassembly and recycling, and constantly improve the recycling rate and resource utilization efficiency. These statements show the government’s determination to stabilize the price of upstream raw materials and highlight the importance of lithium battery recycling.
(3) “promote the planning and construction of large-scale wind and solar power bases and their supporting regulatory power sources, and improve the consumption capacity of the power grid for renewable energy power generation”. Electrochemical energy storage is expected to accelerate, so as to stimulate the demand for energy storage batteries.
2. Lithium battery enterprises have made positive progress in favorable price, and the rhythm of upstream and downstream favorable price deserves attention. In the current environment, battery companies are making positive progress towards downstream favorable prices. However, the price of raw materials rises rapidly and is mostly adjusted monthly. The pricing mode and voice of battery companies to downstream will directly affect the timeliness of price transmission. We believe that leading companies can better absorb the pressure of upstream price rise in combination with low-cost long order inventory, technological progress and scale effect. At the same time, the advantageous bargaining power to the downstream will timely transmit the pressure of raw material price rise. Leading enterprises also smoothed price fluctuations through industrial chain layout and inventory, and further highlighted supply chain control and cost advantages. Recommended: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) .
From the perspective of supply and demand of the industrial chain, the supply of negative pole graphitization, diaphragm, copper foil and iron phosphate in the middle reaches of lithium battery in 2022 is relatively tight, and the lithium battery industry chain maintains a high momentum. Attention: beiteri, Shanghai Putailai New Energy Technology Co.Ltd(603659) , Ningbo Shanshan Co.Ltd(600884) , Guangdong Jiayuan Technology Co.Ltd(688388) , Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) .
3. Under the background of continuous high price of lithium ore, the economy of lithium battery recovery is prominent. Lithium battery recycling helps to make up for the supply gap of upstream resources, especially lithium resources. Lithium battery recycling has broad market space and development prospects. Attention: Bangpu cycle ( Contemporary Amperex Technology Co.Limited(300750) ), Miracle Automation Engineering Co.Ltd(002009) , Guangdong Fangyuan Environment Co.Ltd(688148) , Guangdong Guanghua Sci-Tech Co.Ltd(002741) , Cngr Advanced Material Co.Ltd(300919) , Gem Co.Ltd(002340) , Wangneng Environment Co.Ltd(002034) , Zhefu Holding Group Co.Ltd(002266) , etc.
4. In 2021, since the second half of 2021, the second half of 2021, the second half of 2021, the second half of 2021 has seen soft packs of battery blades, 4680 big cylinders + CTC, the industrialization of new technologies such as composite fluid collection technology (PET copper and aluminum foil), silicon carbon anode and other new technologies such as 4680 big cylinders + CTC, 4680 big cylinders + CTC, 4680 big cylinders + CTC, composite collection technology (PET copper foil), and silicon carbon anode accelerate, focus attention on the improvement of new technologies to the subdivision pattern, recommend Contemporary Amperex Technology Co.Limited(300750) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\.
Risk warning: the production and sales of new energy vehicles are less than expected; Risks of changes in industrial policies and subsidies; The production expansion of overseas automobile enterprises is less than expected, the competition is intensified, and the profitability is declining; Technical route changes. industry week
