[daily market conditions]
Today, the Shanghai stock index fell 1.13% to close at 325639 points; Shenzhen composite index closed at 1210717 points, down 1.12%; Gem fell to 256666%. In terms of sectors, coal industry, precious metals and photovoltaic equipment led the rise, while energy metals, mining industry and non-ferrous metals led the decline. In terms of capital flow, industries such as batteries, precious metals and semiconductors have won the main force and ranked first in net inflow. Today, the two cities traded a total of 1.16 trillion yuan.
[investment suggestions]
The Federation of passenger cars recently released the sales data of passenger cars in February. In February 2022, the retail sales of narrow passenger car market were 1.246 million, up 4.2% year-on-year and down 40% month on month. Among them, the batch / retail sales were 31.7272000, up 189.1% / 180.5% year-on-year and – 24.1% / – 22.6% month on month, which was less than the decline over the years. The penetration rate of new energy vehicles in February reached the level of December last year ahead of schedule, The retail penetration rate of each batch was 21.8%, and the overall market showed a strong performance in the off-season.
Despite the impact of factors such as declining subsidies and rising battery costs, the demand is still hot from the terminal sales data. It is expected that the slight change in the price of new energy vehicles caused by the above factors will have little impact on the annual terminal sales. It is still expected to achieve a significant increase year-on-year, which will drive the performance improvement of Companies in the industrial chain. It is suggested to continue to pay attention to the new energy vehicle industrial chain.
