“Falling numb”! A-share funds are hot again Contemporary Amperex Technology Co.Limited(300750) fell below trillion

Today, A-Shares have been falling all the way.

Some netizens said: “falling numb…”

On the 20th, the Shanghai stock index fell 1.35%, the gem index fell 3.66%, photovoltaic, lithium, rare earth, energy storage and wind power fell into one, and the hot coal, real estate and construction sectors in the early stage also fell sharply

a shares and funds fell on the hot search:

Contemporary Amperex Technology Co.Limited(300750) , Sungrow Power Supply Co.Ltd(300274) , gem” once appeared on the microblog hot search at the same time.

The three indexes collectively closed lower, with net sales of more than 5.2 billion yuan and more than 3300 shares falling.

gem refers to all the way down

The performance of the new energy sector was sluggish, with Contemporary Amperex Technology Co.Limited(300750) intraday decline of more than 7%. As of the closing, it fell 7.55% to 407 yuan / share, and the total market value fell below trillion.

Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) fell by 8.71%, Sungrow Power Supply Co.Ltd(300274) blocked the 20% limit, Eve Energy Co.Ltd(300014) fell by 4.71%, and China stock market news fell by 4.36%

“Photovoltaic giant” Sungrow Power Supply Co.Ltd(300274) opened significantly lower. As of the closing, it fell by 20% to 72.09 yuan / share, with a total market value of 107.1 billion yuan. On the news side, Sungrow Power Supply Co.Ltd(300274) disclosed its annual report yesterday, and its net profit fell 19% year-on-year. The company’s performance in 2021 and the first quarter of this year were lower than market expectations, and major banks such as Citigroup and CICC lowered the company’s target price.

Surprisingly, Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , the company has just released its annual report and first quarter report, which are in line with expectations, but the share price still fell sharply.

Photovoltaic, lithium, rare earth, energy storage and wind power fell into one… Under the sharp decline, the gem index fell all the way, closing down 3.66% to 236365 points, a new low for the year. Since this year, the gem index has fallen by 28.86%.

coal, construction, etc. led the decline

In addition to the sharp decline of heavyweights on the gem, the hot coal, gold, steel and construction sectors in the early stage took the lead in adjustment.

The coal index fell 5.55%, and the 500 billion giant China Shenhua Energy Company Limited(601088) also fell more than 4%.

Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Beijing Haohua Energy Resource Co.Ltd(601101) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Shan Xi Hua Yang Group New Energy Co.Ltd(600348) , etc. fell by more than 8%.

real estate sector fell to the limit, and the index fell nearly 5%

The decline of the real estate sector expanded in the afternoon, and the index closed down nearly 5%.

Individual stocks also experienced a decline in the limit Jinke Property Group Co.Ltd(000656) , China Enterprise Company Limited(600675) afternoon limit, early trading Cccg Real Estate Corporation Limited(000736) , Langold Real Estate Co.Ltd(002305) , etc. In addition, Poly Developments And Holdings Group Co.Ltd(600048) , Gemdale Corporation(600383) , Seazen Holdings Co.Ltd(601155) all fell by more than 6%.

1 hours plummeted by 70 billion! Ningwang fell below trillion

On April 20, Contemporary Amperex Technology Co.Limited(300750) plummeted again. In the early trading, the share price once fell by 7.5%, once close to the 400 yuan mark, and the market value evaporated nearly 70 billion yuan in one hour.

As of the closing, Contemporary Amperex Technology Co.Limited(300750) fell 7.55% to 407 yuan / share, with a total market value of 948.7 billion yuan.

After the last trading day, it was reported from market that the quarterly performance of Contemporary Amperex Technology Co.Limited(300750) may not reach 5 billion yuan some researchers said that if it is true, it will be significantly lower than expected. Whenever it comes to the report season, there will be many versions of rumors, and the accuracy is difficult to evaluate. The company is also unable to give relevant guidance, so it is really difficult to make judgment.

According to the analysis of securities firm China article, the company’s performance is lower than expected for only one reason: the favorable price of lithium carbonate price rise is not timely The price of lithium carbonate rose rapidly after the Spring Festival. The average price of bulk unit price in March is estimated to be 100000 yuan higher than that from January to February The output of Contemporary Amperex Technology Co.Limited(300750) per month is about 25gwh, corresponding to 20000 tons of lithium carbonate. It is assumed that 40% – 50% of the purchase in the retail market corresponds to 8000 tons, and the corresponding cost increases by 800-1 billion yuan.

According to the recent communication between the Research Institute and auto enterprises, the price increase of batteries supplied by some auto enterprises began in the second quarter (such as ideal); Tesla is still negotiating with Ningde. Is the price increased by 10% or 15% in the game. If there is a large area of price transmission lag, it may lead to pressure on the operating data in the first quarter (mainly in March).

Considering the impact of the epidemic in April, the annual performance rate will be reduced from 28-30 billion to 25-28 billion, mainly due to the cost pressure caused by the rising price of lithium carbonate and the impact of the epidemic in Shanghai and Ningde. The company’s competitiveness has not changed, and it is also fulfilling the logic of increasing its global share. The follow-up focus is on the breakthrough of new technologies (such as iron manganese lithium) and the further improvement of the self supply rate of lithium carbonate brought by the mining in Yichun, Jiangxi Province.

“photovoltaic Mao” performance exploded, and the share price fell by 20%

in addition to Contemporary Amperex Technology Co.Limited(300750) , Sungrow Power Supply Co.Ltd(300274) also fell sharply last night, with the share price falling by 20%

Known as “photovoltaic Mao”, Sungrow Power Supply Co.Ltd(300274) disclosed its 2021 annual report yesterday (19th).

According to the annual report, 3 Chongqing Sansheng Industrial Co.Ltd(002742) 021 achieved revenue of 24.137 billion yuan, a year-on-year increase of 25.15%; The net profit attributable to the parent company was 1.583 billion yuan, a year-on-year decrease of 19.01%.

In the first quarter of 2022, the company achieved a revenue of 4.568 billion yuan, a year-on-year increase of 36.48%; The net profit was about 411 million yuan, a year-on-year increase of 6.26%.

Sungrow Power Supply Co.Ltd(300274) main products include photovoltaic inverter, wind power converter, energy storage system, surface photovoltaic system, new energy vehicle drive system, etc.

According to the report of securities firm China, according to the teleconference of an institution on Tuesday night, the company revealed that the performance in 2021 was lower than expected. The core reason for the decline was several problems in the power station business:

One is that the project in Vietnam was not connected to the grid in October due to the epidemic, and the new electricity price was implemented, resulting in the withdrawal;

In addition, the Myanmar project was cancelled due to the coup, resulting in some costs;

Third, the overseas energy storage business was affected by the epidemic and received a fine, resulting in increased revenue without increasing profits.

as a whole has lost about 1 billion performance

Now we have made arrangements for the epidemic situation, supply chain price rise, IGBT shortage and other problems. The overall situation of 22q1 has recovered well, and the power station business has turned around. The energy storage business has learned from last year’s lessons. Last year, because people can’t go to the United States, some projects can’t do on-site commissioning, resulting in delivery problems. It is expected that there will be substantial improvement and on-site commissioning and acceptance can be done, so the goal is still relatively high. The inverter is affected by the shortage of devices, and the laying of channels has slowed down. It is expected that a large number of domestic devices will be used this year. There will be ticket skipping of imported devices in Q1, and it is expected that Q2 will begin to alleviate. We are still full of confidence in the inverter business.

company disclosed that, in conclusion, 2021 is a little big, the estimation of chips and epidemic situation is insufficient, the internal management is not fine enough, there are exchange losses of more than 100 million, and the cost level is also improved due to the growth of personnel and R & D 2021: according to the company’s statistics, the installed capacity of photovoltaic AC side is 150gw, the installed capacity of wind power is 94gw, with a decline, and the energy storage is 22gwh (12gwh in 2020). The growth of the company is better than that of the market.

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