Market performance and highlights this week: Guandian defense was approved by the Shanghai Stock Exchange and the “first share of the board” was officially born;
Market performance: this week (from March 28 to April 1, the same below), the Shanghai Composite Index closed at 3283 points, up 2.19%; Shenzhen composite index closed at 12228 points, up 1.29%; The gem index closed at 2667, up 1.10%. In terms of the style of large and small cap, the large cap index rose 2.46% and the small cap index rose 0.57% this week. Since 2022, the market index has fallen by 13.38% and the small index has fallen by 14.68%, and the small / large ratio is 1.26.
Highlights of this week: Guandian defense was approved by the Shanghai Stock Exchange and the “first share of the board” was officially born; The National Energy Administration issued the guidance on energy work in 2022, emphasizing the vigorous development of wind power and photovoltaic.
Major events of this week: on March 29, Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) issued the restricted stock incentive plan. The total number of stock incentive shares was 2.6 million, accounting for 1.00% of the total share capital at that time, and the exercise price was 10.92 yuan / share, which was valid for 5 years. The performance assessment objective of the incentive plan is: the net profit in 2022, 2023 and 2024 shall not be less than 65 million, 91 million and 136.5 million yuan respectively.
This week’s special topic: the hundred people’s Congress ended and the second half of the automobile revolution began
In the second half of the automobile revolution, the intelligent revolution has come. The electric vehicle hundred people’s meeting was held on March 26, 2022, and the industry almost reached a consensus from top to bottom, that is, vehicle intelligence is the second half of the automobile revolution and the key to determine the outcome. The industry will mobilize the technology, resources, policies and other elements of the whole society to bring earth shaking changes to the society and the industry itself. Local players are expected to seize the opportunity in the wave and gradually realize curve overtaking.
The whole vehicle factory forces automatic driving and software defined vehicles. As the leader of local automatic driving, Xiaopeng car has the auxiliary driving function of xpilot3 0 is widely recognized by consumers, with a penetration rate of 96.2%, while the new generation of xpilot3 5 / 4.0 is also under planning, gradually forming hardware matching lidar and high computing power chip, and supporting the product layout of urban NPG. General Motors is working together on the Super/Ultra Cruise automatic driving system and VIP electronic and electrical architecture to form a powerful automatic driving and system iteration capability.
Chip manufacturers are committed to improving computing power and ecological improvement, and new business models are gradually brewing. Looking at the players in the industry, in the field of automatic driving chips, whether it is horizon, Cambricon Technologies Corporation Limited(688256) or Nanfang Black Sesame Group Co.Ltd(000716) , manufacturers are committed to developing powerful computing chips and building perfect development tool chains, protocol stacks and other products. On the one hand, it meets the performance requirements of vehicle automatic driving, on the other hand, it reduces the development cost and cycle of customers and realizes the strong competitiveness of products. In addition, horizon also launched the BPU authorization mode, allowing the vehicle manufacturer to further intervene in the development of SOC to form a stronger combination of software and hardware and differentiated automatic driving products. The scheme is expected to be favored by the head vehicle manufacturer.
Auto supply chain manufacturers: Architecture upgrading and product iteration benefit fully. The centralization of electronic and electrical architecture is accelerated. Whether Huawei, Thunder Software Technology Co.Ltd(300496) , Bosch or Baidu, it is a trend for players to establish platform and standardized platform software products. At the same time, combined with their own differentiated products, they can empower car factories and improve their competitiveness. There is a broad space in the future.
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) ); Theme of leisure snacks ( Yanker Shop Food Co.Ltd(002847) , Bestore Co.Ltd(603719) , Three Squirrels Inc(300783) ); 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.
