Core view
Market review: last week, the power equipment sector closed at 108339 points, down 0.6%. The Shanghai Composite Index closed at 3309.7 points, down 4%; Shenzhen Component Index closed at 124474 points, down 4.4%; Gem closed at 2665.5 points, down 3%. Among the lithium new energy vehicles, the negative electrode of lithium battery decreased by 7.7%, the electrolyte of lithium battery decreased by 6.9%, the new energy vehicles decreased by 5.5%, the lithium battery decreased by 5.5%, the energy metal decreased by 5.4%, and the lithium battery diaphragm decreased by 4.4%. The top five increases in the industry were Guangzhou Great Power Energy&Technology Co.Ltd(300438) up 16.01%, Hunan Zhongke Electric Co.Ltd(300035) up 9.74%, Zhejiang Dibay Electric Co.Ltd(603320) up 8.83%, Shenzhen Kedali Industry Co.Ltd(002850) up 6.09%, Jiangsu Cnano Technology Co.Ltd(688116) up 5.55%.
Industrial chain price tracking: last week, the price of cathode materials continued to rise. The price of ternary cathode materials was 364500 yuan / ton, an increase of 5000 yuan, or 0.84%; the price of ternary cathode materials was 372500 yuan / ton, an increase of 10000 yuan / ton, or 2.76%; the price of cathode materials was 168000 yuan / ton, an increase of 4000 yuan / ton, or 2.44%. 55500 yuan / ton of high-end natural graphite and 38500 yuan / ton of middle-end natural graphite of negative electrode material. Wet diaphragm: 7 μ M2 yuan / m2, wet diaphragm: 9 μ m1. 43 yuan / m2, the same as last week.
Industry news trends: Ningbo Joyson Electronic Corp(600699) automotive electronics business has accumulated more than 75 billion yuan of orders in hand; Chery group announced that it sold 60419 vehicles and 10702 new energy vehicles in February; Weilai officially landed on the Hong Kong Stock Exchange and opened at HK $160 on the first day Great Wall Motor Company Limited(601633) announced the sales volume of 70792 vehicles in February and 6261 vehicles of Euler brand in February; Polar star shows O2 concept car or will compete with Porsche 911.
Announcement of key companies: Eve Energy Co.Ltd(300014) : subsidiaries carry out financial leasing business, and the financing amount shall not exceed RMB 200 million Guangzhou Tinci Materials Technology Co.Ltd(002709) : the company released the main operating data from January to February 2022, with an operating revenue of about 3.3 billion yuan, a year-on-year increase of about 260% Gem Co.Ltd(002340) : announcement that the company has not participated in nickel futures trading and its operation is not affected by nickel futures events Shenzhen Dynanonic Co.Ltd(300769) : the company’s performance express in 2021 achieved an operating revenue of 4.842 billion yuan, an increase of 413.93% over the same period of last year.
Investment suggestion: it is suggested to pay attention to energy storage cell and system integration: Shenzhen Desay Battery Technology Co.Ltd(000049) ( Shenzhen Desay Battery Technology Co.Ltd(000049) . SZ)
Risk warning: the sales of new products are less than expected; Industry competition intensifies; The cost of raw materials has risen.
