Core view:
View update this week
This week, complete vehicle enterprises such as SAIC and Tesla successively realized the offline of complete vehicles, and relevant parts supporting enterprises also successively resumed work. Automobile enterprises have improved their productivity and capacity utilization. With the effective implementation of local policies, many workshop lines have been put into operation again. It is expected that the subsequent automobile production and sales are expected to pick up and enter the recovery period.
Weekly market review
This week, the Shanghai Composite Index, Shenzhen Component Index and Shanghai Shenzhen 300 index rose or fell by – 4.14%, – 4.73% and – 4.28% respectively. The rise and fall of the automobile sector was – 2.73%, ranking 6 of the 30 industries, which was in the upper reaches of the industry ranking. From the perspective of stocks, the top five gainers in the industry this week are the Ningbo Shuanglin Auto Parts Co.Ltd(300100) Giti Tire Corporation(600182) , Nanning Baling Technology Co.Ltd(002592) , Hyunion Holding Co.Ltd(002537) , with decreases of – 16.52%, – 14.96%, – 14.34%, – 14.18% and – 14.10% respectively.
Investment advice
It is suggested to continue to pay attention to Guangzhou Automobile Group Co.Ltd(601238) ( Guangzhou Automobile Group Co.Ltd(601238) . SH), Chongqing Changan Automobile Company Limited(000625) ( Chongqing Changan Automobile Company Limited(000625) . SZ), Great Wall Motor Company Limited(601633) ( Great Wall Motor Company Limited(601633) . SH / 2333. HK); The parts industry is suggested to pay attention to Huayu Automotive Systems Company Limited(600741) ( Huayu Automotive Systems Company Limited(600741) . SH), Keboda Technology Co.Ltd(603786) ( Keboda Technology Co.Ltd(603786) . SH), Ningbo Joyson Electronic Corp(600699) ( Ningbo Joyson Electronic Corp(600699) . SH).
Risk tips
1. The risk of car sales not reaching the expectation. 2. Industrial chain risk caused by parts shortage 3. Industrial chain risk caused by chip shortage. 4. The risk of adverse impact of rising raw material prices on profits.
