On January 26, the three major indexes of A-Shares reversed their intraday V-shape. Wind power and UHV were strong all day. Lithium battery, photovoltaic and semiconductor became the main force of market stability, and northbound funds bought a net 1.139 billion yuan all day. As of the closing of the day, 37 of the 50 constituent stocks of the CSI new materials theme index closed up against the market. Among them, the “photovoltaic silicon material leader” Tianjin Zhonghuan Semiconductor Co.Ltd(002129) rose by 4.15%, the “semiconductor equipment leader” Naura Technology Group Co.Ltd(002371) rose by 4.01%, and the “ningwang” Contemporary Amperex Technology Co.Limited(300750) “and” photovoltaic Mao ” Longi Green Energy Technology Co.Ltd(601012) rose by more than 3.8%. Relying on the comprehensive layout in many popular scientific and technological fields such as new energy vehicle materials, photovoltaic materials, semiconductor materials and new military materials, new material ETF (516360), one of the first batch of “new material ETFs” in China, remained strong throughout the day, closing up 1.64% on the same day.
Recently, the market shock has intensified, the pre holiday trading has been more cautious, and the new energy sector has made a large correction, but it does not prevent funds from taking the opportunity to flow into relevant concept stocks. According to the data of nearly three trading days, the top five stocks of net inflow of main funds are new energy concept stocks. Among them, the net inflow of new material ETF (516360) heavyweight Contemporary Amperex Technology Co.Limited(300750) is 842 million yuan, ranking third, and the net inflow of Tianjin Zhonghuan Semiconductor Co.Ltd(002129) is 786 million yuan, ranking fourth.
On the news side, as of the closing on January 25, a total of 100 lithium battery concept listed companies had issued performance forecasts for 2021, and 94 had good performance forecasts. Since 2022, the high prices of negative electrode, diaphragm and electrolyte have remained stable, and the price of positive electrode has continued to rise due to the influence of lithium salt. Looking forward to the whole year, under the support policies of various countries and the supply optimization of vehicle enterprises, the new energy vehicle market is expected to maintain rapid growth, and the demand for lithium battery main materials is still strong.
In terms of performance, the high prosperity of the new material industry supports the sector to rise against the market. As of January 25, 26 new material ETF (516360) constituent stocks have disclosed the performance forecast for 2021, and all 26 constituent stocks have achieved the performance pre increase, of which 17 have a pre increase in net profit of more than 100%, and 8 have a pre increase in net profit of more than 200%.
The future technological breakthroughs of new materials, which are like capillaries integrated into the cutting-edge “sunrise industries” such as new energy vehicles, photovoltaic, semiconductors and non-ferrous metals, are of great significance for realizing “carbon neutrality”, and also give birth to huge industrial space and investment value. According to public data, new material ETF (516360) closely tracks the CSI new material theme index (code h30597), which selects 50 stocks as constituent stocks from listed companies related to rare earth functional materials, rare metal materials, high-quality special steel, high-performance fibers, nano materials and other new materials, reflecting the overall performance of leading companies with new material themes.
At present, more than 70% of the positions of new material ETF (516360) focus on the leading stocks of new energy vehicles, lithium batteries, chips and photovoltaic concepts, and the remaining 30% positions take into account the theme leading stocks such as military industry, chemical industry and new building materials, comprehensively representing the performance of mainstream industries under the background of new economy and carbon neutralization. Among its top ten constituent stocks, it includes a number of star leading stocks such as new energy power battery leader Contemporary Amperex Technology Co.Limited(300750) , photovoltaic leader Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , chemical leader Wanhua Chemical Group Co.Ltd(600309) .
Recently, new material ETF (516360) has completed the latest position adjustment involving 9 constituent stocks, including the newly included 100 billion market value “chemical fiber leader” Jiangsu Eastern Shenghong Co.Ltd(000301) , “electrolyte solvent leader” Shandong Shida Shenghua Chemical Group Company Limite(603026) , “electrolyte leader” Zhejiang Yongtai Technology Co .Ltd(002326) , “chemical leader” Do-Fluoride New Materials Co.Ltd(002407) , “lithium diaphragm leader” Shenzhen Senior Technology Material Co.Ltd(300568) . Among them, there is one component stock of Kechuang board, which is the “leader of lithium battery conductive agent” Jiangsu Cnano Technology Co.Ltd(688116) . So far, the number of component stocks of Kechuang board covered by new material ETF (516360) is 4, accounting for 8%. The average market value of the nine newly included constituent stocks exceeds 50 billion yuan, and the average market value excluding the constituent stocks is 18.6 billion yuan, so as to further optimize the leading representativeness of each subdivided field of new material ETF (516360).
Over the past two years, the market of chip stocks and the market of new energy such as lithium battery and photovoltaic have complemented each other, envy other industry sectors, and new material ETF (516360) has taken all the above market into its bag. From the perspective of broad industrial development space in the future, chips, lithium batteries and photovoltaic will continue to be the troika driving the rise of new material ETF (516360).
Boc International (China) Co.Ltd(601696) according to the analysis, based on the background of the rapid development of downstream industries and import substitution, key new material fields usher in good opportunities for development: first, the demand for chip panels continues to increase, and the domestic substitution of Pan semiconductor materials is of far-reaching significance. Second, benefiting from the rapid development of downstream new energy vehicles, photovoltaic wind power and other industries, the demand for some upstream materials (such as EVA / DMC / NMP / PVDF / metal silicon / flame retardant / lithium salt, etc.) will continue to increase. Third, the direction of being able to replace imports or improve penetration.
Huaxi Securities Co.Ltd(002926) pointed out that since 2021, the development of Shanxi Guoxin Energy Corporation Limited(600617) industry has significantly accelerated. In the context of the dual carbon policy, the global new energy vehicle market has maintained rapid growth and the penetration rate has continued to improve. China’s lithium battery industry chain has a perfect layout and fully enjoys the dividends of global automobile electrification. The volume of key materials in the industry chain has increased simultaneously, and the subsequent performance is expected to maintain high growth. The orders of upstream equipment suppliers are sufficient, and most head companies exceeded the annual level of 2020 only in the first half of 2021. The rapid growth of orders and the superposition of downstream demand will shorten the delivery cycle, which will accelerate the revenue and performance recognition of lithium battery equipment company. Although lithium battery concept stocks continue to fall in the secondary market, as a core track generally favored in the industry, investment opportunities will gradually emerge after the valuation falls.
At present, the top 50 heavyweight stocks of public funds in the fourth quarter of 2021 have been released, and raw materials are one of the four heavyweight industries. Among them, there are 11 new energy concept stocks, including star companies such as Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Tianqi Lithium Corporation(002466) , Yunnan Energy New Material Co.Ltd(002812) , Byd Company Limited(002594) , Eve Energy Co.Ltd(300014) .
Investors without on-site securities accounts can apply for redemption of Huabao new material ETF Feeder Fund (Class A: 013473, class C: 013474) on the online consignment platform 7 * 24. They can buy it for a minimum of 10 yuan, which is convenient and efficient.
