Today (April 27), A-Shares staged a retaliatory rebound. After the inertia of Shanghai and Shenzhen stock markets opened low in the morning, the stock index maintained shock consolidation, and then gradually rose in shock, showing a large-scale rise pattern in the afternoon. On the disk, in terms of industries, energy metals, photovoltaic, batteries, aerospace, semiconductors, wind power, cement and building materials, construction machinery, electronic components and other industries led the rise, while textile and clothing, commercial department stores, real estate and other industries led the decline. In terms of theme stocks, blade batteries, lithium extraction from salt lakes, cultivation of diamonds, silicon carbide, civil explosion concepts and other sectors rose ahead, while concepts such as tax rebate stores, rental and sale rights, community group purchase, new retail and so on bucked the market.
Contemporary Amperex Technology Co.Limited(300750) strong pull up intraday rise of more than 8% return to 400 yuan 23456
Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) ) rose strongly on the 27th, and the stock once soared by more than 8% to return above 400 yuan. In terms of news, on April 21, the 2021 annual report disclosed by Contemporary Amperex Technology Co.Limited(300750) showed that the company achieved a total operating revenue of 130356 billion yuan, a year-on-year increase of 159.06%; The net profit attributable to shareholders of listed companies was 15.931 billion yuan, a year-on-year increase of 185.34%. In the fourth quarter of 2021, the net profit was 8.18 billion yuan, an increase of 267.41% year-on-year and 150.38% month on month.
Specifically, during the reporting period, the sales of power battery system was the main source of revenue of the company. The sales revenue of power battery system of the company was 91.491 billion yuan, a year-on-year increase of 132.06%. During the reporting period, the company deepened its long-term strategic cooperation with Tesla, Hyundai, Ford, Daimler, Great Wall Motor Company Limited(601633) , ideal, velai and other global customers. The supply framework agreement signed with Tesla in June 2021 agreed that the company would supply products to Tesla from 2022 to 2025. The company has strengthened product research and development and continuously improved product competitiveness. The second generation of lithium iron phosphate CTP products have been delivered in large quantities. High voltage ternary products have been widely used in passenger cars with a range of less than 700km. The energy density of lithium iron phosphate mass produced and supplied cells has reached 200wh / kg. The second generation non thermal diffusion battery system has been recognized by many foreign and domestic customers. In addition, during the reporting period, the company’s overseas order delivery scale increased rapidly and its overseas business gradually matured.
Huajin Securities said that the company has a leading position in the industry and will develop energy storage and power battery system together in the future: according to sneresearch statistics, the global market share of power battery installed capacity of the company in 2021 was 32.6%, ranking first in the world for five consecutive years. According to the data of China Shipbuilding Industry Group Power Co.Ltd(600482) battery innovation alliance, the company accounts for about 50% of the market in China, with a significant leading position. In addition, according to xinlune information data, the company’s energy storage battery output ranked first in the global market share in 2021. In the future, energy storage business and power battery business will jointly drive the development of the company. In terms of technology, the company developed the first generation of sodium ion batteries to alleviate the contradiction between supply and demand of lithium resources; AB battery pack system breaks through the performance limitations of single material; The third generation CTP technology improves the performance indexes such as energy density of battery system; Non thermal diffusion technology to improve battery safety. The company’s technology is also in a leading position in the industry.
lithium battery concept stocks broke out 30 more than stocks rose by more than 10%
On April 27, lithium battery concept stocks broke out, with trading limits of Mianyang Fulin Precision Co.Ltd(300432) , Sinomine Resource Group Co.Ltd(002738) , Youngy Co.Ltd(002192) , Chengxin Lithium Group Co.Ltd(002240) , Ganfeng Lithium Co.Ltd(002460) and more than 30 stocks in the sector up more than 10%. In terms of news, the net profit of several lithium mining companies increased significantly in the first quarter Ganfeng Lithium Co.Ltd(002460) disclosed the first quarter report yesterday. During the reporting period, the company achieved an operating revenue of 5.365 billion yuan, a year-on-year increase of 233.91%; The net profit was 3.525 billion yuan, a year-on-year increase of 640.41%. For the substantial increase in operating revenue, Ganfeng Lithium Co.Ltd(002460) said that it was mainly due to the rise in the price and sales of lithium salt products in the current period.
Citic Securities Company Limited(600030) pointed out that in the first quarter of 2022, the net profit of Ganfeng Lithium Co.Ltd(002460) after deduction from non parent company doubled month on month, showing the great elasticity of the company’s profit with the rise of lithium price. It is expected that in 2022, the company will continue to benefit from the increase in the price of exported lithium products and the increase in the self-sufficiency rate of raw materials. Optimistic about the rebound of lithium price in the middle of the year, driving the recovery of lithium sector, maintaining the company’s target price of 227 yuan and maintaining the “buy” rating.
Northeast Securities Co.Ltd(000686) pointed out that in the future, the two high growth tracks of electric vehicles and energy storage will drive the continuous expansion of lithium demand, while the increment of mainstream lithium supply is limited. It is expected that the supply and demand of lithium industry will tighten in the next three years, and the lithium price is expected to remain high for a long time, promoting the continuous release of the performance of relevant companies.
strong trend of photovoltaic concept Risen Energy Co.Ltd(300118) and more than 10 shares trading limit shares trading limit Wo Mai shares rose sharply
Photovoltaic concept had a strong intraday trend on the 27th. As of press time, Risen Energy Co.Ltd(300118) “20cm” limit, Fujian Yongfu Power Engineering Co.Ltd(300712) , Hemai shares, Sichuan Injet Electric Co.Ltd(300820) , Ginlong Technologies Co.Ltd(300763) and other stocks rose by more than 10%, and Guodian Nanjing Automation Co.Ltd(600268) , Xj Electric Co.Ltd(000400) , Guodian Rui and other stocks rose by more than 10%. On the news side, according to the data of the General Administration of customs and gaixi consulting, the export volume of photovoltaic modules in the first quarter of 2022 was 41.3gw, a year-on-year increase of 109%. Among them, India’s export volume increased rapidly due to tariff increase and inventory grab in April this year. In the first quarter, India’s cumulative export scale of photovoltaic modules reached 9.58gw, a year-on-year increase of 373%; Excluding India, the export volume of photovoltaic modules from other overseas countries in the first quarter was 31.72gw, an increase of 78% year-on-year. After excluding the rush loading factor in India, the global installed capacity still maintained a rapid growth. China’s photovoltaic installed capacity in the first quarter was 13.21gw, a year-on-year increase of nearly 150%.
Some analysts pointed out that the demand of overseas + China resonates, the installed capacity of photovoltaic is more than expected, and the high prosperity of the whole year is expected to continue.
Dongguan Securities said that recently, due to the maintenance of two silicon material manufacturers in China, the demand for crystal drawing materials remained high, resulting in the silicon material still in short supply in April. The epidemic situation in China and the obstruction of logistics transportation still have a certain impact on the production and delivery of silicon material enterprises. The operating rate of existing and new silicon wafer production capacity has remained relatively high. Since April, the prices of silicon wafer leaders and battery chip leaders have increased one after another, driving the price of polycrystalline silicon in China to continue to rise slightly in the past week. At present, there is a strong demand for auxiliary materials such as photovoltaic module adhesive film, and the price of auxiliary materials is expected to rise in the near future. In terms of export, according to gaixi consulting, in the first quarter of 2022, the cumulative export of modules was about 41.3gw, with a year-on-year increase of about 108.5%. Among them, the export of modules in March was about 14.5gw, with a year-on-year increase of about 85%. Under the background of maintaining the rising price trend of the photovoltaic industry chain, the overseas demand for modules remained booming and the acceptance of high-priced modules was high, especially China’s exports to the top ten European countries, Brazil and India were the most significant, In the first quarter of 2022, the export of components increased by about 137.1%, 99.6% and 373.3% respectively year-on-year. In the context of rising prices in the industrial chain and strong overseas demand, it is suggested to pay attention to enterprises whose performance is expected to exceed expectations: Tongwei Co.Ltd(600438) , Tbea Co.Ltd(600089) , benefiting from the high silicon price; The demand for components outside China remains strong, benefiting from the leading adhesive film leader Hangzhou First Applied Material Co.Ltd(603806) .
central financial and Economic Commission emphasizes the construction of modern infrastructure system related industrial chains or concerns
According to Xinhua news agency, on April 26, the 11th meeting of the central financial and Economic Commission stressed that at present and in the future, we should adhere to the people-centered development idea, adhere to problem orientation and goal orientation, coordinate development and security, make systematic planning and overall coordination, accurately fill weaknesses and strengths, optimize the layout, structure, function and development mode of infrastructure, mobilize the forces of the whole society and build a modern infrastructure system, Achieve the unity of economic benefits, social benefits, ecological benefits and security benefits, serve major national strategies, support economic and social development, and lay a solid foundation for building a socialist modern country in an all-round way.
Investment in infrastructure plays a very important role in promoting China’s economic growth after China’s reform and opening-up. There have been times when the infrastructure industry has made rapid progress, and there have been times when the dragon has hidden into the abyss. With the increasingly urgent requirements of China’s high-quality economic development, infrastructure, as a traditional cycle industry, is also facing opportunities and challenges of change.
Citic Securities Company Limited(600030) pointed out that GDP in the first quarter of 2022 increased by 4.8% year-on-year, slightly weaker than that in the third quarter of 2021. The data reflected the downward pressure on economic growth. The structural characteristics deserve more attention: 1) in the production end, the marginal of service industry becomes weaker, but the industry remains resilient as a whole; 2) On the demand side, infrastructure investment accelerated upward, other demand variables were impacted to varying degrees, and the consumption pressure was highlighted. It should be noted that due to the relatively small proportion of GDP, fixed asset investment and other indicators in the first quarter of the year, there is still time and space for subsequent steady growth. With the further development of policies, the economy is expected to repair in the second and third quarters.
China 3102 expressway service areas have built charging and replacement facilities (attached shares)
China Central Television News reported that on April 26, the Ministry of transport released data. At present, 3102 expressway service areas across the country have built charging and replacement infrastructure, and about 13374 charging piles have been built, mainly in the eastern regions such as Beijing Tianjin Hebei, Yangtze River Delta and Pearl River Delta, with relatively low coverage in the western and northeast regions. Recently, the Ministry of transport and the national energy administration and other departments have drafted an action plan to accelerate the construction of charging infrastructure along the highway. At present, the action plan is soliciting opinions from all localities.
Dongguan Securities pointed out that the penetration rate of new energy vehicles continued to rise, driving the development of charging pile industry. Since the second half of 2020, China Shanxi Guoxin Energy Corporation Limited(600617) automobile market has maintained rapid growth. It is estimated that the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles is expected to exceed 5 million by the middle of 2022 and close to 10 million by 2025. With the rapid development of electric vehicle market and the rapid growth of ownership in recent years, the demand for electric vehicle charging is increasing. By the end of 2021, there were 7.84 million Shanxi Guoxin Energy Corporation Limited(600617) cars and 2.617 million charging piles in the whole with a ratio of 3:1. There is still a big gap. Improving the construction of charging infrastructure will help alleviate consumers’ mileage anxiety about new energy vehicles and support the expansion of new energy vehicle consumption. It is considered that the “last kilometer” of the promotion of electric vehicles is crucial for the promotion of electric vehicles.
The agency believes that the market scale of charging pile will exceed 100 billion yuan. In recent years, the demand for electric vehicles has increased rapidly. The development momentum of new energy vehicles is fierce, and the penetration rate will continue to rise in the future. In order to better support the promotion of new energy vehicles, it is urgent to speed up the construction of supporting infrastructure such as charging piles and power stations. From the perspective of policy driven, the state will set the tone of “steady growth” in 2022. As a series of “new infrastructure”, the investment and construction of charging piles and replacement power stations is expected to become one of the key areas of infrastructure to promote growth in 2022. With policy support, the charging pile industry chain is expected to usher in a new outlet. Equipment manufacturers will benefit from the expansion of charging pile construction scale. It is recommended to pay attention to the core equipment suppliers of charging pile: Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , Shenzhen Kstar Science & Technology Co.Ltd(002518) , Shenzhen Sinexcel Electric Co.Ltd(300693) ; Focus on the targets benefiting from the promotion of new energy vehicle power exchange mode: Suzhou Harmontronics Automation Technology Co.Ltd(688022) , Shandong Weida Machinery Co.Ltd(002026) ; The rapid growth of new energy vehicle ownership releases huge charging demand. Charging operators will benefit from the profit improvement brought by the improvement of charging pile utilization, and pay attention to the operation leader Qingdao Tgood Electric Co.Ltd(300001) .
