Core view
Market review: last week, the power equipment sector closed at 850444 points, down 6.90%. The Shanghai Composite Index closed at 308692 points, down 3.87%; Shenzhen Component Index closed at 1105170 points, down 5.12%; Gem closed at 229660 points, down 6.66%. Among the lithium new energy vehicles, new energy vehicles fell 4.1%, lithium diaphragm fell 5.2%, lithium electrolyte fell 5.4%, charging pile fell 6.2%, lithium negative electrode fell 6.6%, lithium battery fell 7.1%, and lithium positive electrode fell 8.1% The top five increases in the industry were: beiteri rose 6.17%, Jiangnan Yifan Motor Co.Ltd(301023) 5.36%, Kangping Technology (Suzhou) Co.Ltd(300907) 2.37%, Harbin Electric Corporation Jiamusi Electric Machine Co.Ltd(000922) 1.96%, Keli Motor Group Co.Ltd(002892) 1.17%.
Price tracking of industrial chain: 362500 yuan / ton of ternary cathode material type 532, a decrease of 2000 yuan / ton, a decrease of 0.55%; Ternary cathode material 622382000 yuan / ton, the same as last week. The cathode material lithium iron phosphate was 162000 yuan / ton, down 4000 yuan / ton, down 2.41%. The middle end natural graphite of negative electrode material was 51000 yuan / ton, the same as last week. Wet diaphragm: 7 μ M2 yuan / m2, the same as last week; Wet diaphragm: 9 μ m1. 43 yuan / m2, the same as last week.
Industry news: Q1 terminal sales list in 2022: Byd Company Limited(002594) exceeded 240000 vehicles and won the championship; Tesla‘s first quarter earnings: net profit of more than $3.3 billion, a sharp increase of 658% year-on-year Gotion High-Tech Co.Ltd(002074) sign a strategic cooperation agreement with Geely commercial vehicle Chongqing Changan Automobile Company Limited(000625) reissue the price increase letter, and the uni-kidd guidance price increases by 6000 yuan; Ideal automobile established a new company in Hangzhou with a registered capital of 250 million yuan.
Announcement of key companies: Contemporary Amperex Technology Co.Limited(300750) : the net profit attributable to the parent company in 2021 was 15.931 billion yuan, an increase of 185.34% at the same time; Changhong energy: the net profit attributable to the parent company in 2021 was 253 million yuan, an increase of 56.19% at the same time Zhuhai Cosmx Battery Co.Ltd(688772) : the net profit attributable to the parent company in the 2021 annual report was 946 million yuan, an increase of 15.76% at the same time.
Investment suggestion: it is suggested to turn off the energy storage system and integrate the power cell: Shenzhen Desay Battery Technology Co.Ltd(000049) ( Shenzhen Desay Battery Technology Co.Ltd(000049) . SZ); Power battery: Eve Energy Co.Ltd(300014) ( Eve Energy Co.Ltd(300014) . SZ)
Risk warning: the sales of new products are less than expected; Industry competition intensifies; The cost of raw materials has risen.
