Market performance and highlights this week: shell and Byd Company Limited(002594) have cooperated in the field of electric vehicle charging. Market performance: this week (from March 21 to March 25), the Shanghai Composite Index closed at 3212 points, down 1.19%; The Shenzhen composite index closed at 12073, down 2.08%; The gem index closed at 2638, down 2.80%. In terms of the style of large and small cap, the large cap index fell 2.16% and the small cap index fell 1.04% this week. Since 2022, the market index has fallen by 15.46%, the small index has fallen by 15.16%, and the small / large ratio is 1.28.
Highlights of this week: shell and Byd Company Limited(002594) are cooperating in the field of electric vehicle charging; Affected by the increase in battery prices, Tesla, Xiaopeng, Byd Company Limited(002594) , Nezha and other new energy vehicle enterprises raised prices; The medium and long term plan for the development of hydrogen energy industry (20212035) was issued.
Major events of this week: on March 23, Shanghai Putailai New Energy Technology Co.Ltd(603659) issued stock options and restricted stock incentive plans, in which the total number of incentive shares of stock options was 6.37 million, accounting for 0.92% of the total share capital at that time, and the exercise price was 138.68 yuan / share. The performance assessment objectives of the incentive plan are: the net profit of the company in 2022, 2023 and 2024 shall not be less than 2.6 billion yuan, 4 billion yuan and 5.4 billion yuan respectively. Among them, the total number of incentive shares of restricted stock incentive was 1068300, accounting for 0.15% of the total share capital at that time, and the stock transfer price was 68.34 yuan / share. The performance assessment objectives of the incentive plan are: the operating revenue of the company in 2022, 2023 and 2024 shall not be less than 12.5 billion yuan, 16.5 billion yuan and 21.5 billion yuan respectively.
This week’s special topic: mass production of lidar is imminent, supply chain manufacturers welcome the opportunity, lidar trend is confirmed, and the industry has unlimited possibilities. Lidar has become one of the necessities for auto enterprises to layout automatic driving because of its advantages of long range, high resolution and little environmental interference. With the continuous promotion of performance, cost, vehicle specification level satisfaction and other requirements, industry players continue to explore, the industry has derived many possibilities and opportunities, and the supporting industrial chain company has ushered in greater development space.
A hundred flowers bloom in the technological route of lidar. MEMS / rotating mirror scheme is the main vehicle for a period of time, and OPA is expected to become the end of the industry. Lidar has complicated technical routes in ranging mode, beam scanning mode, transceiver components, laser wavelength and other links. Manufacturers are committed to selecting the best from the best by arranging and combining the above routes. At present, the rotating mirror scheme has been used by Valeo in its Scala series lidar and has achieved mass production. Among the players, Hesai technology, Huawei, tudaton, luminar, etc. have arranged the scheme and obtained the fixed points of many models. With the advantages of performance and cost, MEMS scheme is also expected to become the main force of mass production and boarding in a period of time, representing that manufacturers such as Suteng juchuang and Yijing technology have a good start and obtain multiple fixed points. The long-term OPA scheme is expected to become the end of the industry with its excellent performance, low cost and pure solid structure.
There are abundant supporting companies in the industrial chain, which is expected to fully enjoy the development opportunities of the industry. Domestic optical component manufacturers are expected to benefit from more mature opportunities in the industrial chain; Transceiver components and modules directly affect the core performance of laser, and have core barriers. Relevant companies deserve long-term attention.
Key recommended themes and stocks
Smart car theme (torch technology, Huizhou Desay Sv Automotive Co.Ltd(002920) , Foryou Corporation(002906) , Ingenic Semiconductor Co.Ltd(300223) , Thunder Software Technology Co.Ltd(300496) , Lianchuang Electronic Technology Co.Ltd(002036) , Ningbo Joyson Electronic Corp(600699) , Meig Smart Technology Co.Ltd(002881) ); , , Pet and Breakfast theme ( Petpal Pet Nutrition Technology Co.Ltd(300673) , Zhongyin Babi Food Co.Ltd(605338) ); High end manufacturing themes ( Estun Automation Co.Ltd(002747) , Amlogic (Shanghai) Co.Ltd(688099) , Jade Bird Fire Co.Ltd(002960) , Jutze Intelligent Technology Co.Ltd(300802) , Jiangsu Ankura Smart Transmission Engineering Technology Co.Ltd(300617) ).
Risk tip: the economy has fallen sharply; Major changes in capital market reform policies; The prosperity of the industry is lower than expected.
