On May 5, the overall performance of the A-share market was stable, but many large cap stocks, including Contemporary Amperex Technology Co.Limited(300750) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) and Hangzhou Hikvision Digital Technology Co.Ltd(002415) fell sharply. What happened behind it? What is the response of all parties?
Contemporary Amperex Technology Co.Limited(300750) plummeted, with a record turnover
the company’s performance statement will reply to multiple questions
Market data show that Contemporary Amperex Technology Co.Limited(300750) fell sharply today, once down nearly 14%, and then the decline narrowed. As of the close, Contemporary Amperex Technology Co.Limited(300750) fell 8.15%. At the same time, Contemporary Amperex Technology Co.Limited(300750) trading volume expanded rapidly, with a daily turnover of about 22.3 billion yuan, and a record high one-day turnover. Previously, the total market value has fallen below RMB 900 billion, and the total market value has fallen below RMB 75 billion.
Contemporary Amperex Technology Co.Limited(300750) is the leader of the new energy track in the A-share market. The new energy track is regarded as one of the most prosperous tracks in the capital market in recent years, which was widely sought after by investors.
The sharp drop in Contemporary Amperex Technology Co.Limited(300750) share price may be due to the fact that the quarterly report is lower than the market expectation Contemporary Amperex Technology Co.Limited(300750) previously released the first quarter report of 2022, which showed that the company increased revenue without increasing profit in the first quarter of 2022. In that quarter, the company achieved a revenue of 48.678 billion yuan, a year-on-year increase of 153.97%; The net profit attributable to the shareholders of the listed company was 1.493 billion yuan, a year-on-year decrease of 23.62%, deducting 977 million yuan of non net profit, a year-on-year decrease of 41.57%; In the past 2021 year, Contemporary Amperex Technology Co.Limited(300750) achieved both revenue and profit growth. In that year, the company’s revenue increased by 159.06% year-on-year, and the net profit attributable to the parent company increased by 185.34% year-on-year.
It is worth noting that Contemporary Amperex Technology Co.Limited(300750) held an online briefing on 2021 annual performance from 15:00 to 17:00 on May 5, answering investors’ questions.
With regard to the “sharp fluctuation of the company’s share price” mentioned by investors today, Zeng Yuqun, chairman of Contemporary Amperex Technology Co.Limited(300750) replied that as a fast-growing high-tech enterprise, the compound annual growth rates of the company’s revenue and net profit from 2015 to 2021 were 56% and 52% respectively, and the valuation should refer to the early level of world-class high-tech enterprises. As an enterprise with a global market share of 35%, industry technology first and deep trust from customers outside China, the company has great growth potential in the face of more than 10 times of market space in the future. In addition to R & D, design, production, manufacturing and sales, Contemporary Amperex Technology Co.Limited(300750) also increases technology licensing, service brand and service value (such as evogo, heavy card replacement, etc.), and in new system integration fields such as CTC, energy storage UHV, battery recovery and material manufacturing, upstream mineral resources development, and power assembly of electric aircraft The new integrated application fields of “electrification + intelligence” such as electric ship powertrain will create great value at the same time.
In response to the questions asked by investors about the company’s technical advantages and new technology investment, Zeng Yuqun said that at present, the technology of lithium battery industry is far from the era of homogeneous competition. There are new technologies such as high nickel, high silicon, m3p, sodium battery, metal free battery and solid-state battery in material innovation; Structural innovation also includes CTP, AB battery, CTC and other new technologies; In terms of manufacturing, we also need to pursue extreme manufacturing and meet the high standard requirements of battery lighthouse factory; In terms of safety and reliability, the technical distinction between power battery and energy storage battery products is very important. What company’s battery is used is very important to the safety and reliability of customers and the market.
For the power exchange question asked by investors, Zeng Yuqun said that our power exchange mode is not an ordinary power exchange mode. We are chocolate power exchange evogo, which is very suitable for popularizing electric models. Therefore, we attach great importance to charging and power exchange and provide customers with rich choices.
As for the investors’ questions about whether the profit margin of the company will improve in the second quarter and the impact of the epidemic, Contemporary Amperex Technology Co.Limited(300750) deputy general manager and Secretary of the board of directors Jiang Li said that the impact of the epidemic is divided into two parts. One part is the recent epidemic in Ningde, where the company’s headquarters and main production base are located. Under the rapid response and action of the government, it has been basically unsealed before May Day, which has little impact on the operation of the company; The second is that the epidemic in Shanghai and other places has reduced the production of vehicle factories, which may have a little impact on terminal consumption. With the gradual resumption of work and production, the overall impact is also small. The company’s annual production capacity is expected to meet customer demand. Meanwhile, the company has basically completed the price adjustment through negotiation with customers and will gradually implement it in the second quarter. On the whole, the profitability of the company will be reasonably repaired, and the specific results will depend on the landing situation.
Jiang Li said that at the end of the first quarter of 2022, the book balance of inventory goods and issued goods accounted for about 60% of the book balance of inventory. Compared with the end of the previous year, the proportion of inventory goods was slightly lower and the proportion of raw materials was slightly higher.
For the development progress of sodium battery and lithium ore, Jiang Li said that the company released sodium ion battery last year. Its single cell energy density is as high as 160wh / kg. It can charge for 15 minutes at room temperature, and the power can reach more than 80%. In the low temperature environment of – 20% ℃, it also has a discharge retention rate of more than 90%, and the system integration efficiency can reach more than 80%. It is committed to promoting the industrialization of sodium ion battery in 2023. In terms of lithium development, on April 20, 2022, the company officially obtained the local lithium exploration right in Yichun, and will actively promote the procedures of exploration to mining in the future.
With regard to the substantial increase of the company’s inventory in the first quarter asked by investors, Contemporary Amperex Technology Co.Limited(300750) financial director Zheng Shu said that from the perspective of inventory structure, some of them are export products in transit, and overseas transportation takes a long time, so a certain inventory is required for production scheduling; The other part is Chinese inventory, with relatively fast turnover. At present, the impact of the epidemic is limited. With the resumption of work and production of downstream vehicle enterprises, it will drive the company’s inventory sales.
400 billion market value security giant fell by the limit
northbound funds sold more
In addition to Contemporary Amperex Technology Co.Limited(300750) , several large cap stocks fell sharply today, including security leader Hangzhou Hikvision Digital Technology Co.Ltd(002415) . On the same day, the trading volume of Hangzhou Hikvision Digital Technology Co.Ltd(002415) fell by the limit, and the trading volume of the whole day was 4.51 billion yuan, twice that of the previous trading day.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) total market value has been above 400 billion yuan for a long time. After today’s sharp decline, the total market value is 360.7 billion yuan.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) after hours data show that Shenzhen Stock connect, a number of institutional seats and sales department seats are on the list. Among them, the net sales volume of Shenzhen Stock connect, as a north facing fund, is large, reaching 277 million yuan (297 million yuan sold and 19.48 million yuan bought at the same time). The total net sales of the four institutional seats on the list are 99 million yuan. In addition, Guosen Securities Co.Ltd(002736) Shenzhen Bao’an North Road business department net purchases 459 million yuan.
Hangzhou Hikvision Digital Technology Co.Ltd(002415) this limit may be related to the rumor of being sanctioned by the United States.
This morning, Hangzhou Hikvision Digital Technology Co.Ltd(002415) responded to the media that the company had paid attention to the media reports, which mentioned that the possible sanctions imposed by the U.S. government had yet to be verified.
Sanctions should be based on reliable evidence and due process, and the company hopes to be treated fairly.
Earlier, Hangzhou Hikvision Digital Technology Co.Ltd(002415) in response to investors’ questions on April 29, said that there were many uncertain factors in the company’s business in the United States, but it was still in orderly development. The proportion of the company’s business in various regions has been changing dynamically, and there is no specific proportion data disclosure for the time being. The company will continue to pay attention to challenges and deal with them prudently.
On the 5th, foreign ministry spokesman Zhao Lijian presided over a regular press conference. A reporter asked a question about the fact that the United States is sanctioning Chinese Hangzhou Hikvision Digital Technology Co.Ltd(002415) companies for “human rights violations”. Foreign Ministry spokesman Zhao Lijian responded that we are seriously concerned about the relevant reports and are closely following the relevant trends, and Hangzhou Hikvision Digital Technology Co.Ltd(002415) has responded.
Zhao Li insisted that what needs to be emphasized is that China firmly opposes the United States using human rights and other excuses to abuse national power and Chinese laws to suppress Chinese enterprises unreasonably. On the US side’s claim that Chinese enterprises infringe on the human rights of Muslims in Xinjiang, China has repeatedly stated its position. The US side’s statement is a century lie and a smear and slander on China.
Zhao Lijian said that the US side should take China’s concerns seriously and stop the hegemonic acts of punishing and suppressing Chinese enterprises under various pretexts and damaging China’s interests. The Chinese government will firmly safeguard the legitimate rights and interests of Chinese enterprises.
In addition, Yihai Kerry Arawana Holdings Co.Ltd(300999) , China Citic Bank Corporation Limited(601998) and other stocks also fell sharply on the same day.
According to the financial report for the first quarter of 2022 released by Yihai Kerry Arawana Holdings Co.Ltd(300999) on April 29, during the reporting period, the company achieved a revenue of 56.536 billion yuan, a year-on-year increase of 10.68%, and a net profit attributable to the parent company of 114 million yuan, a year-on-year decrease of 92.71%.
