The new energy automotive industry will reach a number of car companies in the third quarter of outstanding performance

The Ministry of Industry and Information Technology recently announced the fuel economy compensation policy. In 2016 and 2017, the company’s average fuel consumption negative scores cannot be paid back to zero, which will affect the production of excessive fuel vehicles and the launch of new products. Affected by this news, the New Energy Vehicle Index changed the downward trend since October 9 and rose continuously for three consecutive trading days. Many agencies pointed out that the new energy automotive industry chain will usher in the air.

Third quarter earnings

In the third quarter, the performance of new energy vehicle theme funds has achieved record frequency. Wind data shows that, in addition to newly established funds that have not yet completed Jiancang, of the 22 new energy vehicle theme funds, the returns of 7 funds in the third quarter were more than 30%, accounting for 31.82%. Among them, the rich country China Securities New Energy Vehicle B's yield is as high as 92.49%, China National Securities New Energy B's yield is 73.60%, Penghua China New Energy B's rate of return is 60.14%.

As of November 8th, according to statistics of Wind, the cumulative returns of the above 22 new energy auto funds have been positive since the beginning of the year, and 12 funds have yielded more than 15% since the beginning of this year; two funds with better yields - Xinda In the new energy industry of Aussie Bank and the wealthy China National Securities New Energy Vehicle B, the yield rate reached 47.99% and 31.09%, respectively.

The third quarterly report of the fund shows that the recent preference for several new energy vehicle theme funds is slightly different. Cinda ADB's new energy industry focuses on Li-ion battery module maker Xinwangda and some electronic component manufacturers; Fuguo Zhongxun New Energy Automobile B is a heavy-duty lithium battery, Tianqi Lithium and other lithium battery upstream raw materials Enterprises, while holding a large amount of vehicle production companies such as BYD and Yutong, Penghua Zhongxin New Energy has also invested in TBEA, Tianqi Lithium and BYD, as well as TBEA, China Nuclear Power, etc. Electrical power grid stocks.

Expected air intake

The recently released 2016 and 2017 fuel-fuel credit related policies have attracted attention. In response, Ping An Securities believes that this policy is a continuation of the dual-point policy and it is expected that the new energy automobile industry will usher in rapid growth and maintain the production and sales expectation of 500,000 passenger vehicles in 2017. With the continuous growth of new energy vehicle production, in the long term, the downstream demand for lithium carbonate will be huge, and the power lithium battery will still be in a high growth cycle. It is recommended to pay attention to the opportunities for silicon carbon negative electrode application promotion brought by Model3 mass production, and the increase in cobalt price. The triple-infiltration accelerated the dual-drive of high-nickel ternary materials and their prices have risen.

According to Liang Chao, the chief analyst of Guoxin Automotive, the new energy bus subsidy catalog has been slow to release since the beginning of the year. In the first half of the year, both cash flow and order status in the industry were cold. In the second half of the year, the subsidy list will be adjusted. In 2018, industry subsidies will not fall back and the industry cost will drop in 2017, which will drive the steady growth of EPS in the industry. At present, it is still a good time to lay out new energy buses. It is recommended that mid- and long-term attention should be paid to lithium-ion, high-end lithium-electric equipment manufacturers, and leading vehicle manufacturers at both ends of the industrial chain.

Feng Mingyuan, manager of Cinda New Energy Industrial Fund, reminded investors that this year's market style has the characteristics of a shocking market and a structural bull market, and the growth of new energy vehicles and other sectors is relatively large. The field of new energy vehicles is still in the early stages of development. There are many entrants and the industry is fiercely competitive. It requires more careful screening of investment targets.

Li Wenjing, an open-source securities analyst, pointed out that the policy supports the continued healthy development of the new energy auto industry and long-term optimistic about the new energy auto industrial chain. In the short term, the fourth quarter is the peak season for new energy vehicles. Judging from the fourth quarter, the production and sales volume will increase significantly in the fourth quarter. It is recommended to pay attention to the lithium upstream raw material companies with outstanding resource advantages, and have the advantage of scale, high technical threshold and enter the supply chain of new energy passenger vehicles, and leading auto manufacturers with competitive advantages.

Source: China Securities News