Today (March 9), after the Shanghai and Shenzhen stock markets opened higher, they fluctuated lower. The three major stock indexes hit a new low in this round of adjustment at the same time, and the decline of stock indexes narrowed in the late trading, forming a trend of deep V bottoming. On the disk, in terms of industry, coal, precious metals, photovoltaic, engineering construction, electric power, semiconductor and other industries rose against the trend; Fertilizer, pharmaceutical business, trade industry, medical services, steel, real estate and other industries led the decline. In terms of subject stocks, green power, photovoltaic buildings, IGBT concept, data center, etc. were among the top gainers; Childcare services, assisted reproduction, low-carbon metallurgy, etc. led the decline.
share price fell by 20 in a row several listed companies prepared to protect the market
Recently, the A-share market continued to decline, and a number of companies disclosed repurchase plans and overweight plans. As of March 1 to 8, 20 companies have launched repurchase plans.
According to incomplete statistics, from January 1, 2022 to March 4, 2022, more than 10 companies on the science and Innovation Board announced share repurchase plans. On March 8, Qi An Xin Technology Group Inc(688561) announced that it would use its own funds of 150 million yuan to 300 million yuan to repurchase shares within six months from the date when the board of directors considered and approved the repurchase plan Hangzhou Mdk Opto Electronic Corporation Limited(688079) also announced that shares of no less than 20 million yuan and no more than 40 million yuan will be repurchased within 12 months from the date when the repurchase plan is considered and approved by the board of directors.
Touchstone International Medical Science Co.Ltd(688013) completed the first repurchase on March 8. It repurchased 41652 shares through centralized bidding, accounting for 0.05% of the total share capital of the company. The highest price of the repurchase transaction was 22.86 yuan / share, the lowest price was 22.50 yuan / share, and the total repurchase amount was 946000 yuan (excluding transaction expenses such as stamp duty and transaction commission).
full of evil spirit Dali Pharmaceutical Co.Ltd(603963) stage “Earth Sky board”
At the end of March 9, Dali Pharmaceutical Co.Ltd(603963) raised the daily limit and closed the daily limit in the morning. At present, the turnover is nearly 14%, and the turnover is nearly 300 million yuan.
Dali Pharmaceutical Co.Ltd(603963) the trend in recent days is full of evil spirit. Starting from March 2, Dali Pharmaceutical Co.Ltd(603963) first rose the limit for four consecutive trading days, then fell the limit on March 8, and continued to fall the limit for opening today.
According to the public information, Dali Pharmaceutical Co.Ltd(603963) was established on March 22, 2004, with a registered capital of about 220 million yuan. Its legal representative is Yang Junxiang. Its business scope includes the production and sales of self-produced large-volume injections and small-volume injections (including non final sterilization). The major shareholder of the company is Yang Junxiang, holding 25.5%. The company has one foreign-invested enterprise, which is Dali Pharmaceutical Co.Ltd(603963) Sales Co., Ltd.
According to the third quarterly report data released by Dali Pharmaceutical Co.Ltd(603963) on October 29, 2021, the company achieved a total operating revenue of 129 million yuan in the first three quarters, a year-on-year decrease of 20.30%, and a net profit of -5.9535 million yuan, a year-on-year decrease of 223.13%.
The performance forecast shows that Dali Pharmaceutical Co.Ltd(603963) it is estimated that the net profit attributable to the shareholders of the listed company will be – 45 million yuan to – 40 million yuan in 2021, which will turn from profit to loss compared with the net profit in 2020; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be – 48 million yuan to – 43 million yuan, and the net profit after deducting non recurring profits and losses in 2020 and 2021 will be negative.
“demon nickel” epic market lithium battery industry chain “all living beings”
Recently, according to the financial report of China Central Television, due to the sharp rise in the prices of raw materials such as nickel, cobalt and lithium, the recycling price of power batteries has also soared. At present, power battery recycling enterprises have begun to increase prices to “grab goods”. At present, the price of retired batteries has exceeded that of new goods.
Whale platform expert, founder and President of true lithium research, Moke told reporters. “With the rising prices of nickel, cobalt, lithium and other metals, it is beneficial to the development of recycling industry. Because this means that (relevant participants) may have a better harvest, which is also the main reason for the obvious rise in attention to battery recycling recently.”
Merco further explained: “recycling technology itself is not a high threshold. The core issue is the ‘channel’, that is, who can collect more retired batteries, which has also become the core competitiveness of recycling enterprises.”
Among the above ternary cathode enterprises, many companies have stepped up the battery recycling business. Among them, Ningbo Ronbay New Energy Technology Co.Ltd(688005) “hand in hand” Gem Co.Ltd(002340) layout the power battery recycling market Hunan Changyuan Lico Co.Ltd(688779) Securities Department staff told the reporter of “science and Innovation Board daily” that “previously, the company had a 5000 ton battery recycling production line, with a high recovery rate of valuable metals.”
At the same time, Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) and other battery manufacturers; Weilai and other vehicle enterprises Gem Co.Ltd(002340) , Guangdong Guanghua Sci-Tech Co.Ltd(002741) , Miracle Automation Engineering Co.Ltd(002009) and other third-party recycling enterprises Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) , Ganfeng Lithium Co.Ltd(002460) and other lithium battery material suppliers have also set foot in the field of battery recycling.
new logic of rare earth industry chain: upstream and downstream “marriage” reshaping supply and demand pattern
Neodymium iron boron production enterprises cooperate closely with upstream rare earth suppliers. At present, the most common is the joint venture neodymium iron boron project company.
“20 years ago, we wanted to cooperate with southern rare earth and China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) at the same time, but we didn’t reach an agreement for various reasons and put it on hold. In the past two years, we renegotiated with southern rare earth group and reached an agreement on cooperation. China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) group hasn’t cooperated yet.” Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) relevant people told reporters.
According to the announcement, Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) and the third ring (Ganzhou) new materials company jointly established by China Southern rare earth group, the new neodymium iron boron project implemented after the project is completed can increase the annual sales revenue by 1.216 billion yuan, the total annual profit is 136 million yuan, the financial internal rate of return of the project investment is 19.27% (after income tax), and the investment payback period is 7.3 years (including the construction period of 3 years).
Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) recently also said that it plans to expand the production capacity of 10000 tons of sintered NdFeB in 2022.
At present, the capacity of Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) sintered NdFeB is 20000 tons.
“It is planned to expand the production of 10000 tons of neodymium iron boron this year, including about 5000 tons with share allotment funds and about 5000 tons with other self owned funds or bank loans. It is now being done. Some of them will be put into operation this year, and it will take about one year to complete all of them.” The above Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) relevant persons disclosed.
The path of Advanced Technology & Materials Co.Ltd(000969) ( Advanced Technology & Materials Co.Ltd(000969) . SZ) is also similar to Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) . According to the announcement in October 2021, Advanced Technology & Materials Co.Ltd(000969) and China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) ( China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) . SH) and their subsidiary Baotou Iron and steel magnetic materials invested 400 million yuan in the proportion of 41.5%, 7.5% and 51% to establish a new rare earth permanent magnet business company.
Advanced Technology & Materials Co.Ltd(000969) announcement indicates that the above joint venture plans to invest 490 million yuan in the first phase to start the implementation of high-end rare earth permanent magnet products industry construction project, which will last for about 24 months.
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) further stated that the above-mentioned joint venture is to build a rare earth permanent magnet industrialization project with an annual output of 5000 tons. After the project is completed, the normal annual sales revenue is about 1.125 billion yuan, the after tax net profit is about 70.16 million yuan, and the investment payback period of the project is about 7.26 years (including two-year construction period).
“At present, the company has a production capacity of 5500 tons of rare earth permanent magnet products. After establishing a joint venture with China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) to build a 10000 ton high-end rare earth permanent magnet products industry project in the 14th five year plan.” Advanced Technology & Materials Co.Ltd(000969) staff said.
Advanced Technology & Materials Co.Ltd(000969) also said that their cooperation with China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) is to give full play to their respective comparative advantages. However, some people in the industry have put forward different views on this cooperation model. “Cooperation with upstream suppliers will produce a good close relationship, but sometimes this cooperation will be a constraint.” A person from a Nd-Fe-B listed company told the 21st Century Business Herald reporter, “the upstream suppliers are large groups, there are many decision-making levels, and they need to be reported layer by layer, which is more troublesome.”
2 the penetration rate of new energy vehicles reached 21.8% in month agency said it was expected to maintain high growth (with shares)
According to the passenger Federation, the wholesale sales of new energy passenger vehicles reached 317000 in February, with a year-on-year increase of 189.1% and a month on month decrease of 24.1%, which is less than that in previous years. In February, the retail sales volume of new energy passenger vehicles reached 272000, with a year-on-year increase of 180.5% and a month on month decrease of 22.6%. The month on month decrease is smaller than the trend in February over the years. The association said that at present, the growth of China’s auto market is facing great environmental pressure. The wholesale penetration rate of new energy vehicles was 19% in January, but the sales volume of new energy vehicles still reached 320000 in February, with a year-on-year increase of 190% and a penetration rate of 21.8%. The reason is also the growth differentiation of the auto market. Traditional oil-fired vehicles grew steadily, but new energy vehicles grew at a high speed.
Anxin Securities pointed out that passenger car sales in February were excellent, and the penetration rate of new energy reached 21.8%. New energy vehicles are expected to maintain high growth and traditional vehicles usher in recovery. In terms of new energy vehicles, the decline in subsidies and the rise in raw material prices have led to the rise in the prices of some models. At present, the overall terminal demand continues to be strong. It is estimated that the sales volume of new energy passenger vehicles is expected to reach 5.65 million in 22 years (including 4.18 million pure electric vehicles and 1.47 million plug-in hybrid vehicles). In terms of traditional cars, the shortage of chips has eased compared with last year. With the continuous launch of new products by car enterprises, the demand has ushered in the release, the inventory cycle is expected to continue to improve, and the traditional passenger cars are expected to usher in a recovery.
Recently, the price of raw materials has continued to rise Everbright Securities Company Limited(601788) pointed out that it is optimistic about the prospect of continuous release of electric vehicle 2C demand. It is expected that auto enterprises are still expected to hedge policy fluctuations and rising cost pressure by retaining orders, time limit price protection, and comprehensive adjustment of price and equity, so as to drive the steady release of new orders; Among them, high-end pure electric vehicles, plug-in hybrid or market segments with strong certainty of sales growth, it is expected that production capacity, supply chain and logistics are still the leading factors affecting the climbing. According to the agency, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars is expected to be 5-5.5 million in 2022e, and it is optimistic about car companies with strong model product cycle (chip supply mitigation, strong sales volume and profit elasticity), continuous increase of new energy penetration / clear and clear promotion path of intelligent electrification. In the passenger car sector, traditional car companies recommend Great Wall Motor Company Limited(601633) , Geely Automobile, suggest paying attention to Byd Company Limited(002594) , new forces recommend Tesla, and suggest paying attention to the ideal for a long time.
miniled heavy products will be released agency expects more relevant products to appear in 2022 year (with shares)
TCL will hold the spring new product launch of QD Mini led at 19:30 on March 9, and is expected to release a new TV series. QD Mini LED is the mini LED technology using quantum dot technology.
It is understood that the volume of quantum Mini LED is only 1 / 40 of the height of traditional LED light-emitting elements, and there is no need to emit light through the lens, and there is no need to fix the LED on the panel through components. It can make more LED light-emitting elements arranged on the extremely thin panel, and ultra finely control the densely arranged led to prevent the problem of floodlight.
Guosheng Securities pointed out that since Apple launched its first miniled product in 2021, up to now, Apple’s 12.9-inch iPad pro and 14 and 16 inch MacBook Pro have adopted Mini LED screens. As Apple’s leading position accelerated the penetration of miniled technology, Samsung, Sony, LG, ASUS and other manufacturers launched their own miniled TVs, laptops, monitors and other products at the CES consumer electronics Festival, which ended in January. At present, the miniled backlight scheme has entered an explosive period. It is expected that more relevant products will appear in 2022. It is considered that in this process, we need to pay attention to relevant companies with scale and technical advantages in China’s relevant industrial chains.
Citic Securities Company Limited(600030) it is estimated that the backlight will accelerate in 2022, and the penetration rate will exceed that of direct display. By 2024, the penetration rate of mini backlight TV / Laptop / pad / vehicle / E-sports display is expected to reach 15% / 20% / 10% / 10% / 18% respectively. Optimistic about the development opportunities of China Taiwan and mainland manufacturers in the field of Mini/Micro LED, the revolutionary changes brought by Mini/Micro LED technology to display area and the growth opportunities brought by the LED industry chain.
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