New energy vehicles: the positions of cathode, diaphragm and motor electronic control increased more. The overall 2022q1 position of new energy vehicles accounted for 8.37% of the total market value, up 0.26pct month on month (the same below). The positions of 2021q1-2022q1 are 6.52%, 8.26%, 8.89%, 8.11% and 8.37% respectively. 1) The overall position of upstream materials increased from 2022t to 202056%; 2) The overall position of the midstream sector increased by 0.40pct to 10.53%, and the positions of positive electrode, diaphragm, lithium hexafluorophosphate, electrolyte and battery increased, among which the positive electrode and diaphragm increased the most and the negative electrode decreased slightly. The positive electrode increased by 2.40 PCT, the diaphragm increased by 1.61 PCT, the negative electrode decreased by 0.16 PCT, lithium hexafluorophosphate and electrolyte increased by 0.53 PCT, and the battery increased by 0.2 PCT; 3) Motor electric control increased in 2022q1, and the positions of the top ten funds accounted for 5.53% of the total market value (+ 1.25pct); 4) The whole vehicle, charging pile and core parts decreased slightly in 2022q1.
New energy: the positions of photovoltaic and nuclear power increased and wind power decreased. 1) The proportion of positions in 2022q1 of photovoltaic sector in the total market value increased to 10.76% (+ 1.20pct) month on month (the same below), and the positions in 2021q1-2022q1 increased to 6.96%, 8.29%, 9.43%, 9.56% and 10.76% respectively. The positions of inverters, silicon materials, auxiliary materials and integrated components have increased. The inverter link increases by 0.48pct; Integrated components increased by 0.76pct; Plastic film, glass and other auxiliary materials increased by 0.63 PCT; Silicon link increased by 1.71 PCT; Key targets of other links, including Arctech Solar Holding Co.Ltd(688408) 3.03% (- 2.25pct), Tianjin Zhonghuan Semiconductor Co.Ltd(002129) 9.02% (+ 4.19pct), Shenzhen S.C New Energy Technology Corporation(300724) 0.99% (- 3.85pct), Suzhou Maxwell Technologies Co.Ltd(300751) 4.03% (+ 0.05pct), 2) the position proportion of wind power sector in 2022q1 decreased to 2.26% (- 1.19pct); 3) The proportion of positions held by nuclear power sector in 2022q1 rose to 2.16% (+ 2.16pct).
Industrial Control & power equipment: the position is stable and slightly increased. Industrial control's position in 2022q1 increased by 0.31pct month on month (the same below), and from 2021q1 to 2022q1 were 7.57%, 6.70%, 4.26%, 4.16% and 4.47% respectively; The position of low-pressure sector increased by 0.28pct month on month, and the positions from 2021q1 to 2022q1 were 1.94%, 1.43%, 4.27%, 4.67% and 4.95% respectively; The position of UHV sector increased by 0.34pct month on month, and from 2021q1 to 2022q1 were 2.08%, 1.00%, 3.50%, 3.24% and 3.58% respectively; The position of wires and cables increased by 1.24pct month on month, and the positions of 2021q1-2022q1 were 1.08%, 0.97%, 1.47%, 2.05% and 3.29% respectively; The secondary equipment decreased by 0.43pct month on month (MOM), and from 2021q1 to 2022q1 were 1.89%, 1.10%, 1.26%, 1.62% and 1.20% respectively.
Risk tips: stock market fluctuation risk, macroeconomic fluctuation risk and policy change risk. This report only analyzes and comments on the objective data of the first quarterly report of the fund, and the stocks and industries involved do not constitute investment suggestions.
