Core view:
View update this week
Recently, electric vehicle manufacturers intensively announced a new round of price increases. Since March, nearly 20 new energy vehicle enterprises have announced price increases, involving nearly 40 models. On the one hand, the shortage of chips, the rise of raw materials and the increase of vehicle manufacturing costs; On the other hand, the supply is less than the demand, and the waiting time in line for car purchase is long, often two months or even half a year. This gives electric vehicle enterprises the confidence to raise prices. The improvement of the terminal price of electric vehicles will further test the competitiveness of products. In addition, it will benefit significantly from cost control, raw material cost advantage and vehicle enterprises with capital cash flow advantage. Therefore, it will accelerate the differentiation of the competition pattern of electric vehicles and benefit the leading companies.
Weekly market review
This week, the Shanghai Composite Index, Shenzhen Component Index and Shanghai Shenzhen 300 index rose or fell by – 1.90%, – 1.50% and – 1.46% respectively. The rise and fall of the automobile sector was – 0.65%, ranking eighth among 30 industries, in the middle and upper reaches. From the perspective of a stock situation, the top five gaingainers in the industry this week are concentric transmission, among the top five gainers in the industry this week, the companies that are among the top five gaingainers in the industry this week are concentric transmission, Hongda Xingye Co.Ltd(002002) Linzhou Heavy Machinery Group Co.Ltd(002535) 37 \ , Actblue Co.Ltd(300816) , Chongqing Qin’An M&E Plc(603758) , with decreases of – 9.79%, – 8.98%, – 8.63%, – 8.31%, – 7.44% respectively.
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. The risk of adverse impact of rising raw material prices on profits. 3. Systemic risks affected by uncertain factors such as economic downturn. 4. Industrial chain risk caused by chip shortage.
