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Recently, the National Joint Conference on Passenger Vehicle Market Information issued a report on the Passenger Vehicle Market Analysis in April. The report shows that the sales of passenger vehicles in April reached 1812,000, an increase of 9.6% over the same period last year. Among them, the sales of new energy passenger vehicles reached 73,145, an increase of 150% over the same period last year, an increase of 31.3% over March.
Recently, the National Joint Conference on Passenger Vehicle Market Information issued a report on the Passenger Vehicle Market Analysis in April. The report shows that the sales of passenger vehicles in April reached 1812,000, an increase of 9.6% over the same period last year. Among them, the sales of new energy passenger vehicles reached 73,145, an increase of 150% over the same period last year, an increase of 31.3% over March.
In response, CIC Securities said that the market demand for new energy vehicles has started, passenger cars have accelerated, commercial vehicles have begun to recover, April production and sales data are eye-catching, and production and sales in the second quarter are expected to rise to a higher level. In the second half of this year, high performance new models will be launched one after another, and the production and sales of the market will still have better growth expectations. In addition, the gradual release of state subsidies to effectively alleviate the cash flow pressure of car companies, a new round of subsidies declared open. The two sides of the policy and market are good again, and the new energy automotive industry chain is in the golden allocation period.
In the secondary market, under the background of the high prosperity of the industry, some leading stocks have taken the lead in the performance of "Securities Daily" reporters'statistics, found that among 86 listed new energy automobile concept stocks, 45 stocks have outperformed the market in the same period (Shanghai Index rose 2.99% in the month), including Dangsheng Science and Technology (17.77%) and Yingwei. (16.53%), Sanhua Intelligence Control (12.91%), Austrian Federation Electronics (11.38%), Yunyi Electric (10.23%), Hesheng (10.21%) and Huada Technologies (10.06%) all increased by more than 10% in a month.
It is worth mentioning that Hainan, Shanghai and other places have recently made clear that they want to increase the development of new energy vehicles, which will effectively promote the further high-speed growth of the industry and help the performance of listed companies to increase. Hainan Provincial Transportation Department recently issued relevant opinions, and proposed that by 2020, the application of new energy vehicles in the transportation industry of Hainan Province should take shape. The proportion of new energy buses in all newly added and replaced buses reached 90%. By 2020, the total number of new energy buses in the transportation industry of Hainan Province will exceed 4000.
Under the background of policy promotion and strong demand, the above 45 new energy automobile concept stocks with the highest market performance are generally favored by the institutions, of which 26 stocks have been given "buy" or "increase" rating in the past 30 days. Sanhua Zhicon (21), Yutong Bus (19), Shanghai Automobile Group (18) and Gree Electric Power Co., Ltd. Twelve stocks, including Qi (16), Guodian Nanrui (14), Zhongding (10), Hengtong Optoelectronics (8), Dahua (8), Xinwangda (7), Magmitt (5), Jinlong Automobile (5) and Well-off Shares (5), have been recommended by the institutions. In the past 30 days, the number of high praise raters in the institutions has reached 5 and 5. In addition, Dangsheng Science and Technology, Zhongtian Science and Technology, Blue Sea Huateng and Chujiang New Material and other four stocks in the past 30 days have also seen more than three high praise ratings.
In terms of the layout of new energy automobile leading stocks, CIC Securities also indicated that the industry shuffling has accelerated and the concentration has increased. It is suggested that attention should be paid to the following 11 leading stocks which have scale+technology advantages and enter the core supply chain: Huayou Cobalt Industry, Tianqi Lithium Industry, Shanshan Stock, Dangsheng Science and Technology, Innovation Stock, Changyuan Group and Xinhua. Lun technology, national Xuan Gao Ke, 100 billion Li Li, heaven grant material, pilot intelligence, etc.
Regarding the outstanding market performance and the leading number of institutional raters in Dangsheng Science and Technology, Guoyuan Securities said that the company focused on the research and development of ternary materials in the field of lithium battery cathode materials. Ternary materials have the characteristics of high specific capacity and good discharge rate, and are the first choice for high-end power batteries. New energy automobile subsidy policy is declining, the policy is inclined to high-end models, which is just in line with high-end lithium-electric materials. It is expected that the company's profits will continue to grow considerably in the next three years. It is expected that the earnings per share will be 0.81 yuan, 1.08 yuan and 1.45 yuan in 2018-2020, respectively, and it will be given the "overweight" rating.
Source: Securities Daily