Abstract: on the evening of April 16, the Shanghai Municipal Commission of economy and information technology issued the guidelines for the prevention and control of the epidemic situation of industrial enterprises returning to work and production in Shanghai (the first edition): effectively, orderly and effectively promote the resumption of work and production of enterprises and ensure the safety and stability of the industrial chain supply chain. After the release of the guidelines, a number of automobile enterprises and related companies in Shanghai began to recall employees.
Shanghai’s resumption of work and production is imminent. Key enterprises such as Saic Motor Corporation Limited(600104) , Contemporary Amperex Technology Co.Limited(300750) and others have entered the white list of the first batch of resumption of work and production: Shanghai and its surrounding cities are important production bases of the national automobile industry chain and demonstration centers of global intelligent vehicles. The “white list” of the first batch of resumption of work and production in Shanghai involves 249 automobile industry chain enterprises, including complete vehicle manufacturers such as Shanghai Volkswagen, SAIC GM and Tesla, and automobile supply chain supporting enterprises such as Hongbao auto parts, Sanda auto parts and Yanfeng seat system; On April 18, Saic Motor Corporation Limited(600104) also started the pressure test for resumption of work and production, which will also drive some core parts factories to enter the pressure test. In the future, Saic Motor Corporation Limited(600104) Saic Motor Corporation Limited(600104) will comprehensively consider the epidemic trend, stress test results and other conditions, and formulate further dynamic planning for resumption of work and production. We believe that with the promotion of the resumption of work and production in Shanghai, it will further drive the orderly resumption of production of the automobile industry.
The pace of automotive intellectualization is moving forward steadily, and we continue to be optimistic about investment opportunities in vehicle modules, connectors and other links: at present, automotive intellectualization, as the general trend of the development of the automotive industry, brings users better driving, interaction, entertainment and other higher experiences, and further improves signal transmission, time delay and computing power. Therefore, we continue to look good at players with leading layout in automotive modules, connectors, PCBs and other links, With the gradual improvement of automobile sales and automobile intelligent penetration in the future, it will bring better development opportunities for all links of automobile intelligent industrial chain.
Suggested targets: on board modules: Meig Smart Technology Co.Ltd(002881) (covered), Fibocom Wireless Inc(300638) , Quectel Wireless Solutions Co.Ltd(603236) , Shenzhen Neoway Technology Co.Ltd(688159) ; PCB: Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Shennan Circuits Co.Ltd(002916) , Suntak Technology Co.Ltd(002815) , Olympic Circuit Technology Co.Ltd(603920) , etc; Connectors: Dongguan Dingtong Precision Metal Co.Ltd(688668) , Electric Connector Technology Co.Ltd(300679) , Avic Jonhon Optronic Technology Co.Ltd(002179) , etc; Software and operating system: Thunder Software Technology Co.Ltd(300496) (covered), Guangting information, etc.
Risk warning: the impact of the epidemic situation is intensified; The lack of core of automobile is aggravated; Increased competition.
