Core view
Market review: last week, the power equipment sector closed at 870636 points, up 2.37%. The Shanghai Composite Index closed at 304706 points, down 1.29%; Shenzhen Component Index closed at 1102144 points, down 0.27%; Gem closed at 231914 points, up 0.98%. In the sector of lithium new energy vehicles, energy metals increased by 10.2%, lithium positive electrode increased by 1.1%, lithium negative electrode increased by 0.8%, new energy vehicles decreased by 0.1%, lithium battery decreased by 0.7%, electrolyte decreased by 1.2% and lithium charging pile decreased by 2.6%. The top five increases in the industry were Tianqi Lithium Corporation(002466) up 14.93%, Jiangxi Special Electric Motor Co.Ltd(002176) up 14.81%, Shenzhen Senior Technology Material Co.Ltd(300568) up 13.70%, Yunnan Energy New Material Co.Ltd(002812) up 11.08%, Guangdong Lyric Robot Automation Co.Ltd(688499) up 10.35%.
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. 00 yuan / m2, the same as last week; Wet diaphragm: 9 μ m1. 43 yuan / m2, the same as last week.
Industry news trends: Guangzhou Automobile Group Co.Ltd(601238) achieved revenue of 23.145 billion yuan and net profit of 3.009 billion yuan in the first quarter; With a total investment of 20 billion yuan, Eve Energy Co.Ltd(300014) proposed power storage battery production base and Chengdu Research Institute; Ford’s Q1 revenue reached $34.5 billion, higher than analysts’ expectations; Xiaopeng automobile was granted a credit line of 7.5 billion yuan by Agricultural Bank of China Byd Company Limited(002594) in the first quarter, the revenue reached 66.8 billion, an increase of 63% year-on-year.
Announcement of key companies: Eve Energy Co.Ltd(300014) : the net profit attributable to the parent company in 2021 was 2.906 billion yuan, an increase of 75.89% at the same time Shenzhen Desay Battery Technology Co.Ltd(000049) : the net profit attributable to the parent company in the first quarter of 2021 was 154 million yuan, an increase of 14.36% at the same time: Guangdong Dowstone Technology Co.Ltd(300409) : the net profit attributable to the parent company in 2021 was 562 million yuan, an increase of 828.18% at the same time Guangzhou Great Power Energy&Technology Co.Ltd(300438) : the net profit attributable to the parent company in 2021 was 182 million yuan, an increase of 242.9% 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.
