New energy auto parts market demand

Recently, with APEC's consent to reduce green goods tariffs to below 5%, the green industry chain has been on the rise in the A-share market, and green industries including lithium batteries, new materials, and energy conservation and environmental protection have developed. How long can the Green Wing fly? A few days ago, many people in the industry saw it.

Background Cuts in Tariffs Are Substantial Than Formalities A few days ago, an APEC leaders’ informal meeting in Hawaii issued a statement announcing that member states agreed to reduce tariffs on all green commodities to less than 5% (including 5%) by the end of 2015; Take measures to hinder the transfer of intellectual property rights among member companies; it is expected that by 2035, the total energy consumption in the region will be reduced by 45% from the current level. The statement also stated that it will reduce non-tariff trade barriers related to the trade of green goods. In addition, each member state also promised to strengthen cooperation, fight against trade protectionism, eliminate tariff ceilings to promote economic growth and create new jobs, and deal with the significant downside risk of the global economy.

After this news was reported, it quickly filled the headlines of major domestic financial websites, and industry insiders gave unanimously optimistic comments. Huang Dao-lin, director of investment and investment of Guocheng, pointed out that compared with other incentive policies, the reduction of tariffs brings substantially more favorable benefits than the form. Although the actual utility generated by various industries is not used, policy support is involved in green goods. The benefits offered by the industry are self-evident, and it also shows that leaders of various countries support environmental protection and energy conservation.



Cui Yu, an analyst with IPO Consulting Department of China Investment Adviser, pointed out that the industries involved in green goods are very extensive. From the perspective of the broad industry, it includes not only manufacturing entities such as food, medicine, construction, chemicals, and machinery (new energy, energy conservation concepts). It also includes green service industries such as green hotels, green tourism and other tertiary industries. The fundamental significance of reducing the tariffs on green commodities lies in expanding the introduction and output of China's environmental protection technologies and green commodities. Judging from the current market volume, due to the unbalanced industrial layout in China, the development of green industries is relatively slow, and the elimination of tariffs may cause the introduction of green technologies. Combined with China's "12th Five-Year Plan" energy-saving emission reduction targets, China's green industry will usher in a period of rapid expansion of market volume. At the same time, some domestic green concept companies will obtain a certain market volume, and the scale of the company will gradually expand.

Beneficial segment collective strong market With the continuous dissemination of positive news, the A-share market in the early days has shown a strong upward momentum, especially the various industries and sectors involved in green goods, leading the market to lead the way higher. Among them, lithium batteries, especially the trend of the strongest, including Chengfei integration, billion latitude Lithium, BYD and other veteran concept stocks, including 7 collectively sealed daily limit, all 43 stocks in the transaction all received Yang, plate The overall increase was as high as 3.40%, ranking first in the concept sector. The same fierce new material segment including the universal money tide, Jiangsu Guotai two stocks daily limit, the overall increase of up to 3.06%, all 87 stocks only two negative; In addition, the energy-saving and environmental protection section led by leading stocks such as Shuangliang Energy, 26 concept stocks all closed positive, and the overall gain of the sector was as high as 2.95%.

In view of these market performances, Fu Yongfu, an investment adviser to Datong Securities, believes that it is undeniable that the collective strength of the sector has been stimulated by favorable policies. In addition to the short-term concept-driven role, this tax cut will further promote the development of related industries in the future, and the related opportunities for the future of the sector are also worthy of attention.

The medium- and long-term strategy focuses on the investment strategy for the sector. Cui Yu pointed out that from the recent trend of the broader market, the bottoming trend has basically taken shape, and the broader market is optimistic about the short-term trend, which will create a good market investment environment for the green concept.

The reduction of tariffs on green commodities will effectively promote China's green concept stocks to have market expansion opportunities. Energy-saving and emission-reducing service industries and new energy vehicles and other industries with potential market expansion will usher in substantial benefits. However, this has a direct connection with the substantial competitiveness of enterprises. Therefore, in the period of selecting investment projects, investors should carefully select individual stocks, adhere to medium- and long-term investment strategies, and avoid short-term operations experiencing market fluctuations.

Future space is huge[Environmental protection and energy saving]

Fu Yongji pointed out that there is still much room for development in the future of environmental protection and energy conservation. The first is advanced environmental protection technologies and equipment, including sewage, waste treatment, desulfurization and denitrification, etc.; this involves a relatively wide range, because China has a large-scale sewage treatment plant, and its upgrading has comparative advantages; China's coal chemical industry, petrochemical industry With a world-leading development scale, sewage treatment companies that provide supporting projects in this area have comparative advantages.

At the same time, China has the world's largest power plant and iron and steel plant, and its enterprises that have desulfurization and denitrification have comparative advantages. Therefore, it is recommended to pay attention to Wanbangda for sewage treatment, Fuchun environmental protection for sludge treatment, and Longjing environmental protection for air desulfurization. In addition, environmental protection products, including environmental protection materials, environmental protection agents, etc., involve a large number of stocks of new materials, and it is recommended to focus on the Sands environment for solid waste treatment and the Kowloon Electric Power for desulphurization catalysts.

Wide range of applications [new materials]

In response to investment opportunities in the new materials field, Sun Xudong, an analyst with Yintang Qianxun Financial Information, pointed out that in addition to the long-term benefits brought by the reduction of tariffs, the “12th Five-year Development Plan for New Materials Industry” has been officially released, which marks the new The materials industry has entered a period of golden growth.

The six types of new materials that are mainly supported are all upstream materials for some of the major industries in China's economic development in the future, such as aviation, environmental protection, and automotive industries. Therefore, the demand for new materials is very wide, and the demand in the future will rise rapidly. The companies involved will usher in a good market development prospect. Can be concerned about new building materials, permanent magnet materials and other related listed companies, such as Antai Technology, Ningbo Yunsheng.

Policy implementation is guaranteed [New Energy Vehicle]

Liu Lixi, an analyst at Northeast Securities Auto & Components, believes that in terms of the new energy vehicle segment, the "Notice on Further Doing a Pilot Work of Demonstration and Promotion of Energy-Saving and New Energy Vehicles" issued jointly by the Ministry of Science and Technology and the Ministry of Industry and Information, etc., from the policy level The above countries have successively issued four policies for energy-saving and new-energy automobiles. However, because of the lack of good organizational management and implementation, the above-mentioned notifications have made clear the organization, planning, supervision, evaluation, and problems of policy implementation. The requirements are extremely conducive to the implementation of safeguard policies. It is recommended that investors focus on listed companies that are primarily benefited. Bus companies are advised to focus on Shuguang, Ankai, Futian and Yutong buses; passenger car companies are advised to focus on BYD and JAC.

Fu Yongfu added that in addition to the above-mentioned vehicle companies, the market demand for new energy auto parts is relatively large, and it also brings more investment opportunities, mainly lithium batteries and motors. At present, lithium-ion power batteries have become the direction of industrial upgrading, and all parties in the industry chain have adopted joint ventures and cooperation. The most typical models are "automobile manufacturers + lithium battery manufacturers" and "auto parts manufacturers + lithium battery manufacturers. ". Investors are advised to pay attention to Shanshan, Jiangsu Guotai, and Dayang Electric.