Core view:
View update this week
The rise and fall of the industry this week is relatively at the median level in the whole industry, and the pessimistic expectation has been released. It is suggested to pay attention to and layout the companies with beautiful annual report and first quarter report. In addition, the 2022 government work report released this week mentioned continuing to fully support the consumption of new energy vehicles. This year’s government work report mentioned new energy vehicles, carbon peak carbon neutralization, ecological environment and other relevant contents, including the installed capacity of renewable energy power generation exceeding 1 billion kw; Introduce the carbon peak action plan, launch the national carbon emission trading market, orderly promote the carbon neutralization of carbon peak, and implement the carbon peak action plan; We will continue to support the consumption of new energy vehicles and encourage local governments to carry out green smart appliances to the countryside and trade in old ones for new ones.
Weekly market review
This week, the Shanghai Composite Index, Shenzhen Component Index and Shanghai Shenzhen 300 index rose or fell by – 3.78%, – 3.52% and – 4.65% respectively. The rise and fall of the automobile sector was – 4.45%, ranking 15 out of 30 industries, in the middle of the industry ranking. From the perspective of stocks, the top five gainers in the industry this week are the Zhonglu.Co.Ltd(600818) 61% -13.67%、 -12.75%。
Investment advice
It is suggested to continue to pay attention to Guangzhou Automobile Group Co.Ltd(601238) ( Guangzhou Automobile Group Co.Ltd(601238) . SH), Chongqing Changan Automobile Company Limited(000625) ( Chongqing Changan Automobile Company Limited(000625) . SZ), Great Wall Motor Company Limited(601633) ( Great Wall Motor Company Limited(601633) . SH / 2333. HK); The parts industry is suggested to pay attention to Huayu Automotive Systems Company Limited(600741) ( Huayu Automotive Systems Company Limited(600741) . SH), Keboda Technology Co.Ltd(603786) ( Keboda Technology Co.Ltd(603786) . SH), Ningbo Joyson Electronic Corp(600699) ( Ningbo Joyson Electronic Corp(600699) . SH).
Risk tips
1. The risk of car sales not reaching the expectation. 2. Industrial chain risk caused by chip shortage. 3. The risk of adverse impact of rising raw material prices on profits. 4. The impact of subsequent subsidy decline on automobile sales.
