Key investment points
Overall: last week (2022032820220403), the CSI 300 rose or fell by + 2.43%, the gem rose or fell by + 1.10%, and the automotive industry rose or fell by – 0.39%, ranking 23rd among 30 industries at the first level of CITIC.
Industry segments: passenger cars ranked first with a weekly increase or decrease of + 1.51%, and special purpose vehicles ranked last with a weekly increase or decrease of – 4.11%.
Concept sector: new energy vehicles and Contemporary Amperex Technology Co.Limited(300750) share participation ranked first with weekly increases and decreases of + 0.41% and + 0.12% respectively, while fuel cell and charging pile industries ranked last with weekly increases and decreases of – 2.56% and – 2.53% respectively.
Stocks: 54 stocks in the automotive industry (CITIC) achieved positive returns last week (2022032820220403). Ranking the first place with a rise of 20.00 and a decline of 20 0.00 of .
Valuation: as of April 1, 2022, the PE (TTM) of the automotive industry (CITIC class I) is 34.68 and that of new energy vehicles is 51.13.
Industry highlights
1) GAC Honda released the Chinese name of electric brand e: NP “jipai”;
2) Yunnan Energy New Material Co.Ltd(002812) plans to invest 4.5 billion yuan to build a 1.6 billion square meter diaphragm project;
3) waymo began to provide unmanned robotaxi for employees in San Francisco;
4) Hainan Provincial Department of industry and information technology issued several measures to encourage the use of new energy vehicles in Hainan Province in 2022.
Investment advice
Since March, covid-19 epidemic has spread in many places, the number of locally confirmed cases and asymptomatic infections has increased, isolation measures have been taken in some key areas, and automobile production and terminal sales have been greatly affected. At present, the market valuation is relatively low. It is recommended to pay attention to new energy vehicle and core battery parts enterprises, such as Byd Company Limited(002594) , Beijing Easpring Material Technology Co.Ltd(300073) , beiteri, Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Shenzhen Senior Technology Material Co.Ltd(300568) , Yunnan Energy New Material Co.Ltd(002812) .
Risk tips
Economic growth is lower than expected; Car sales are less than expected; Covid-19 pneumonia continued to spread.
