Key targets:
Recommended Eve Energy Co.Ltd(300014) , Contemporary Amperex Technology Co.Limited(300750) ; Focus on Shandong Weida Machinery Co.Ltd(002026) , Guangdong Fangyuan Environment Co.Ltd(688148) , Ningbo Zhenyu Technology Co.Ltd(300953) , Guangdong Jiayuan Technology Co.Ltd(688388) , beiteri, Jiangsu Cnano Technology Co.Ltd(688116) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Cngr Advanced Material Co.Ltd(300919) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Shenzhen Dynanonic Co.Ltd(300769) .
Investment perspective:
1. Byd Company Limited(002594) the price of new energy models has been raised by 1000-7000 yuan, which is optimistic about the profitability of the battery factory. On January 21, Byd Company Limited(002594) auto officially issued a description on the price adjustment of models, saying that due to the sharp rise in the price of raw materials and the decline of new energy vehicle purchase subsidies, it will adjust the official guidance price of new energy models related to dynasty.com and ocean.com from February 1, with an upward range of 1000-7000 yuan. Users who have paid a deposit before this will not be affected by the price adjustment. Due to the rise of raw material prices and the decline of subsidies, the prices of many terminal models have been adjusted, but the price adjustment range is within thousands of yuan, which has little impact on the terminal demand. Battery companies have made positive progress towards downstream favorable prices. Combined with low-cost and long-term single inventory and technological progress, they can absorb the pressure of upstream price rise, and are optimistic about the profit restoration of battery manufacturers in 22 years. The long-term pattern optimization trend is clear, and energy storage also brings huge demand increment. Next, January and February become important observation window periods, focusing on terminal production and sales, price and cost data. Recommend Eve Energy Co.Ltd(300014) , Contemporary Amperex Technology Co.Limited(300750) , and pay attention to Byd Company Limited(002594) , Gotion High-Tech Co.Ltd(002074) , Sunwoda Electronic Co.Ltd(300207) . From the perspective of supply and demand, the supply of negative pole graphitization, diaphragm, copper foil and iron phosphate in the middle reaches of lithium battery in 2022 is relatively tight. The lithium battery industry chain maintains a high momentum, paying attention to beiteri, Shanghai Putailai New Energy Technology Co.Ltd(603659) , Ningbo Shanshan Co.Ltd(600884) , Guangdong Jiayuan Technology Co.Ltd(688388) , Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) .
2. Contemporary Amperex Technology Co.Limited(300750) incoming power exchange will drive the increase of battery demand and benefit power exchange equipment manufacturers and operators. On January 18, Contemporary Amperex Technology Co.Limited(300750) held a power change business press conference: launched the standardized "chocolate power change block", released the quick change station and launched evogo's new service brand. (1) Most favorable power exchange equipment manufacturers: pay attention to Shandong Weida Machinery Co.Ltd(002026) (supplier of Weilai second generation power exchange station), Suzhou Harmontronics Automation Technology Co.Ltd(688022) (power exchange equipment manufacturer and maintainer, providing customers with overall solutions for power exchange station), Nari Technology Co.Ltd(600406) , Csg Smart Science&Technology Co.Ltd(300222) , Bozhon Precision Industry Technology Co.Ltd(688097) ; (2) Power exchange operator: pay attention to Gcl Energy Technology Co.Ltd(002015) ; (3) Contemporary Amperex Technology Co.Limited(300750) complete the closed loop of the value chain of the whole battery life cycle, and Contemporary Amperex Technology Co.Limited(300750) is recommended.
3. Under the background of continuous high price of lithium ore, the economy of lithium battery recovery is prominent. According to the data of xinlune lithium battery, the average price of battery grade lithium carbonate reached 349000 yuan / ton on January 21, 2022. In this case, focus on the two directions of lithium battery recovery and hydrogen energy: highlighting the economy of lithium battery recovery against the background of rising lithium price. Attention: Guangdong Fangyuan Environment Co.Ltd(688148) , Cngr Advanced Material Co.Ltd(300919) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Gem Co.Ltd(002340) , Wangneng Environment Co.Ltd(002034) , Zhefu Holding Group Co.Ltd(002266) .
4. Since the second half of 2021, the progress of new technology of power battery has accelerated, and the industrialization of 4680 large cylinders + CTC, composite collector technology (PET copper aluminum foil), silicon carbon negative electrode and other new technologies has accelerated. We pay attention to the improvement of subdivision pattern by new technologies, and pay attention to Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , beiteri, Jiangsu Cnano Technology Co.Ltd(688116) , Shenzhen Dynanonic Co.Ltd(300769) , Shenzhen Kedali Industry Co.Ltd(002850) , Guangdong Jiayuan Technology Co.Ltd(688388) .
Risk tips:
The production and sales of new energy vehicles are lower than expected; Risks of changes in industrial policies and subsidies; The expansion of overseas auto enterprises is less than expected, and the competition intensifies the risk of declining profitability; Risk of technical route change.
