Highlights
1. The shortage of automotive chips that began at the end of last year has not eased over time. The reporter has learned that FAW Toyota and GAC Toyota have suspended production in part of their production lines due to chip shortages. However, the two companies did not disclose which models have reduced production due to the chip shortage, and the specific output loss.
2. According to data from the private equity ranking network, as of August 4, the number of domestic securities private equity institutions with a management scale of more than ten billion has reached 84. Recently, five private equity firms have recently gained ten billion, namely Black Wing Assets and Inno Assets. , Chengrui Investment, Duration Investment, Ruijun Assets.
3. According to the research of Qunzhi Consulting, the price of small and medium-sized LCD TV panels of 55″ and below began to decline in July; while the price of large-sized panels of 65″ and above has stopped rising and stabilizing. It is expected that the price trend of July will be maintained in August, with the prices of small and medium-sized panels continuing to decline, and the prices of large-sized panels holding steady.
4. Cui Dongshu, secretary-general of the Passenger Association, said that China’s new energy passenger vehicles will account for 51% of the world‘s share in 2019. However, in 2020, affected by the policy environment and the epidemic, the world position of China’s new energy vehicle market has dropped to 41%, and Europe’s trend of overtaking is obvious.
5. The National Film Administration issued a notice to further strengthen the current epidemic prevention and control work in cinemas. The notice requires that the attendance rate of cinemas in low-risk areas shall not be higher than 75%, and cinemas in high-risk areas will not be open for the time being.
Major event
The U.S. sets a goal of 50% emission-free vehicle sales in 2030
According to media reports, Biden will attend an event themed on electric vehicles and fuel economy standards with CEOs of major US auto companies such as General Motors, Ford and Fiat’s parent company Stellattis, and announce the 2030 electric vehicle sales target: in 2030 Increased the sales of electric vehicles to 50% of the total sales of new vehicles a year ago. In addition, the Biden administration is also expected to issue recommendations for the revision of the US automobile fuel emission standards in 2026. Biden’s zero-emission vehicles in this goal include battery electric vehicles, fuel cell vehicles and plug-in hybrid vehicles with gasoline engines.
Comment: The United States pledged at the Global Climate Summit this year to reduce emissions by 50% to 52% by 2030 compared to 2005. Earlier, people familiar with the matter disclosed that the White House had contacted US automakers privately, hoping that they would voluntarily commit to increasing electric vehicle sales and support the goal of increasing electric vehicle sales to at least 40% of total new vehicle sales by 2030. The currently announced 50% target is higher than previously expected, and the United States may accelerate its participation in the electric car track. With the implementation of follow-up policies, the demand for the industry chain will be further released, and domestic companies are expected to benefit.
Jinli Permanent Magnet (300748) is a supplier of magnetic steel for the drive motors of new energy vehicles such as Tesla, and it is also a designated supplier of rare earth permanent magnet materials for General Motors’ BEV3 global electric vehicle platform.
Tianqimo (002510) is a supplier of American new energy car companies Tesla and Rivian.
The demand for electrolyte continues to pull, and the price of dimethyl carbonate continues to rise
According to Baichuan Information, on August 5, the price of dimethyl carbonate (DMC) continued to rise. DMC reported 11030 yuan/ton, a 6.78% increase, a 31.3% increase from last week, and a 69.2% increase from the second quarter.
Comment: Domestic DMC is mainly used in lithium battery electrolyte and polycarbonate (PC). The price of DMC has risen sharply recently, mainly due to the continuous pull of supply-side maintenance and demand-side electrolyte and non-phosgene polycarbonate (PC) . With the vigorous development of new energy vehicles and mobile devices, the consumption of battery-level DMC has increased to more than 30%. In the future, the production and sales of new energy vehicles will continue to increase. The electrolyte solvent market represented by DMC will increase rapidly. It is expected that my country will be in 2025. The new demand for battery-grade DMC will reach 250,000 tons. In the past two years, a large number of non-phosgene-based polycarbonates have been put into production, and DMC has replaced phosgene as a carbonylation reagent, and the demand is expected to further increase substantially.
Shi Dashenghua (603026)-2.12% is the leader in the DMC industry. The existing DMC capacity is 125,000 tons, and the DMC capacity is 150,000 tons under construction. It is expected to start production in the fourth quarter of this year.
Hualu Hengsheng (600426)-2.54% The existing DMC capacity is 50,000 tons, and the DMC capacity is 300,000 tons under construction. It is expected to start production in October this year. “Graduating research papers and catching bull stocks” will help you solve the distress of not understanding the opportunities behind the policy and stepping into the air. Products predict the outlet in advance, interpret important events in time, and dig deep into the industry chain. Follow Jufeng Investment Gu’s official account (ID: jfinfo) / Jufeng Investment Information official account (jf-hxnc) to urgently subscribe to the column of “Reading Research Reports and Catching Bull Stocks” to enjoy exclusive discounts!
Local special bonds are about to accelerate the issuance of the “two new and one heavy” investment
Public data shows that in the first seven months of this year, new local government bonds issued nationwide were 1883.3 billion yuan, less than half of the annual quota. Industry experts predict that the scale of local bond issuance will increase significantly in August and September. In the context of the adjustment of the asset allocation pattern, the value of local government bonds has been widely recognized and easily digested by the market. According to media reports, the first batch of special debt projects in 2022 will be reported before the end of October this year.
From the perspective of the investment direction of the special debt, the land reserves and shed reforms in the previous years have turned to the country’s major strategic projects and the “two new and one heavy” direction. “Two new and one heavy” are new infrastructure construction, new urbanization construction, and major projects such as transportation and water conservancy.
China Power Construction (601669) has accumulated rich experience in the field of new energy power generation, and is actively deploying “wind, solar, water, and fire storage” integration and other power operation industries;
Guodian NARI (600406) is the leader in all-round solutions for my country’s power grid construction, and orders have maintained a steady increase since this year.
Chinese military industry creates world miracles, electromagnetic guns will directly subvert the rules of naval warfare
According to reports, the Chinese Navy recently conducted a test firing of a shipborne electromagnetic gun, accelerating a 16 kg shell to a high speed of 2,000 meters per second, and hitting a range of 270 kilometers. This data has considerable practical significance and is sufficient to compete with Some anti-ship missiles are comparable. How good is a 16 kg shell at 2000 meters per second, which means 7 times the speed of sound and 30 megajoules of kinetic energy.
Comments: Although the concept of electromagnetic guns was first proposed by the United States, the United States was also at the forefront of the world in this field, but was the first country to produce practical electromagnetic guns and conduct live-fire tests on warship platforms. It is still the China that came from behind. At present, China’s shipborne electromagnetic guns are within easy reach of a real large-scale deployment. Chinese military industry has created a world miracle, and Chinese electromagnetic guns will directly subvert the rules of naval warfare.
Aerospace Development (000547) has R&D, design and manufacturing capabilities for core electromagnetic technology products. The controlling shareholder Aerospace Science and Industry Group is the main research and development unit of electromagnetic guns for shipboard and future spacecraft in my country.
He Jiwu, chairman of China Dynamics (600482), previously stated that “electromagnetic power” may be injected into the company in the future, including electromagnetic catapults on aircraft carriers and future electromagnetic guns and other firearm systems.
Announcement selection
Ganfeng Lithium (002460) plans to invest 8.4 billion yuan to build a new type of lithium battery project with an annual output of 15GWh.
Putailai (603659) had a net profit of 775 million yuan in the first half of the year, a year-on-year increase of 294%.
Fuyao Glass (600660) had a net profit of 1.769 billion yuan in the first half of the year, a year-on-year increase of 84%.
Xiangtan Electrochemical (002125) added a new production line with an annual output of 10,000 tons of high-purity nickel sulfate (solid).
Shandong Gold (600547) intends to acquire 100% of the shares of Dikuanglaijin and 45% of the shares of Hongsheng Mining for 4.667 billion yuan.Return to Sohu to see more
Editor:
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