Industry catalysts continue to + price comparison effect, low-priced auto parts stocks frequently change

Categories:Industry News
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Time of issue:2020-12-01
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(Summary description)Sincethebeginningofthisyear,theautomobileindustry,asabackboneindustryforstabilizingtheeconomyandincreasingconsumption,hasbeensupportedbyanumberofblockbusterpolicies.Theautomobileindustrychainisundoubtedlyoneoftheimportantmainlinesofthisroundofstructuralmarket.Recently,afterthenewenergyautomobileindustrychainandthewholevehiclesectorhaverisensharply,theautopartssectorwithpricecomparisonadvantageswillcontinuetointerpretthemarket.Lastweek,JinfeiKaida(002863),TianqiModel(002510)andotherstocksroseamongthetop. 　　Thisyear,thenewenergyvehicleandvehiclesectorshavebecomeoneofthehottestsectors.ThepowerbatteryleaderNingdeTimeshasrisenbymorethan120%sinceMarchthisyear,andtheupstreamelectrolyteleaderTianciMaterialshasrisenbymorethan300%;BYDhasrisenbymorethan280%sinceMarch,becomingthelargestvehiclecompanyintheAstockmarket;GreatWallMotorshasrisenby270%.%.Asthesestocksfellintoarecessionduetotoohighgains,low-levelpartsandcomponentscompanieshavebeenfavoredbyfunds.Lastweek,JinfeiKaida,LongzhouCo.,Ltd.,TianqiMould,andQin'anCo.,Ltd.allexperiencedincreasesrangingfrom22%to48%lastweek. 　　Thisaspectisduetothecontinuousfavorablepoliciesthisyear.Secondly,morethanhalfofthelistedpartsandcomponentscompaniesachievedyear-on-yeargrowthinnetprofitinthethirdquarter,reflectingthegeneraltrendofindustryrecovery;thirdly,someautopartsstocksarestillunderevaluation.Thevalueislow,especiallyafterthewholevehiclesectorhasrisencollectively,partsandcomponentscompaniesarerarevaluedepressions. 　　Someorganizationssaidthattheperformanceofsomehigh-qualitycompaniesexceededexpectations,andfollow-uprecommendationsaretofocusonsectorsandcompanieswithcontinuedbusinessoptimization,sufficientorders,andhighcertaintyofperformancegrowthinthefourthquarter. 　　JinfeiKaida(002863)inthefirstthreequartersofthecompany'srevenueincreasedby2.68%year-on-year,netprofitreached56millionyuan,whichisquiteclosetolastyear'sannualnetprofit.JinfeiKaida'smainproductsarealuminumalloywheelsforautomobiles,aluminumalloywheelsformotorcycles,electricbicyclewheelsandintermediatealloys. 　　Inordertomeettheneedsofthefuturedevelopmentofcommercialvehiclesandoverseasretailmarkets,thecompany'sproductstructurewillbeoptimized.OnNovember25,YunnanFeisu,awholly-ownedsubsidiaryofJinfeiKaidaCompany,plannedtoinvestintheconstructionofanautomatedproductionlinewithanannualoutputof2millionaluminumalloyautomobilewheelsinFuyuanCounty,QujingCity,YunnanProvince.Thetotalinvestmentoftheprojectis530millionyuan,andthesourceoffundsisallSelf-funded. 　　Inordertooptimizethecompany’sproductstructure,inadditiontotheabove-mentionedcommercialwheelhubs,JinfeiKaida(002863)hasalsoplannedtoinvestheavilyinexpandingtheproductionofmotorcyclewheelsandelectricvehiclewheels,andtheproductionbasewillbeexpandedtoJiangxi,Zhejiangandotherplaceswithinoneyear.Threeprojectsareplannedtobebuilt,withatotalinvestmentof1.408billionyuan,allofwhichareself-raisedfundsandcontributedincash.Aftertheprojectisfullycompletedandputintoproduction,17millionnewwheelsforautomobiles,motorcyclesandelectricvehicleswillbeadded. 　　Inaddition,somecompanieswithunsatisfactoryperformancebutuniqueadvantageshavealsobeenfavoredbyfunds.Aslastweek,twoconsecutiveone-characterTianqimodels. 　　TianqiMouldismainlyengagedintheresearchanddevelopment,design,productionandsalesofautobodycovermouldsanditssupportingproducts.Themainproductsincludeautobodycovermoulds,autobodystampingparts,inspectiontoolsandassemblyandweldingfixtures.ItisaglobalproductionThelargestautomobilepanelmouldenterprise. 　　Priortothis,asa"Teslaconceptstock",TianqiModelhassoaredcontinuously.However,duetopoorperformanceduringtheyear,thecompany'svaluationwascutinhalf. 　　ThethirdquarterlyreportshowedthatfromJanuarytoSeptember,TianqiMould'soperatingincomeandnetprofitattributabletoshareholdersoflistedcompanieswere828millionyuanand127millionyuan,ayear-on-yeardecreaseof39.68%and240.27%. 　　Thistime,TianqiMouldonceagainwonthefavoroffundsfromanannouncement.OntheeveningofNovember25,itwasannouncedthatTianqiMouldsignedanequitytransferagreement.ZhumadianIndustrialInvestmentGroupCo.,Ltd.willbecomethecompany’scontrollingshareholder.Itplanstoacquire162millionsharesofTianqiMould(accountingfor17.7%ofthecompany’stotalsharecapital).ThetransferpricepershareisRMB7.33,whichisa70%premiumtothecompany'sstockpriceofRMB4.31beforethesuspension.Inaddition,therearegeneroustaxtreatmentsandthetransferofhundredsofacresofland,whichshowsthevalueofTianqiModel. 　　Xiangshanshares(002870)willnothesitatetoinvestheavilyinenteringthisfield.Thecompanyannouncedonthe27ththatthecompanywillacquirea51%stakeinNingboJoysonAutomotiveSystemsCo.,Ltd.,aholdingsubsidiaryofJoysonElectronics.Thetotaltransactionamountis2.04billionyuan.Throughthistransaction,thecompanywillenterthefieldofhigh-endautoparts. 　　WestChinaSecuritiesproposestofocusoninvestmentopportunitiesintheautopartsindustryfromtwomainlines:First,thevehiclecycleresonates,andtheprofitofthepartsindustrylagsbehindthewholevehiclefor3-6months.Althoughshort-termpressure,thelong-termrecoverytrendremainsunchanged,drivingitssupplyT

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Industry catalysts continue to + price comparison effect, low-priced auto parts stocks frequently change

(Summary description)Sincethebeginningofthisyear,theautomobileindustry,asabackboneindustryforstabilizingtheeconomyandincreasingconsumption,hasbeensupportedbyanumberofblockbusterpolicies.Theautomobileindustrychainisundoubtedlyoneoftheimportantmainlinesofthisroundofstructuralmarket.Recently,afterthenewenergyautomobileindustrychainandthewholevehiclesectorhaverisensharply,theautopartssectorwithpricecomparisonadvantageswillcontinuetointerpretthemarket.Lastweek,JinfeiKaida(002863),TianqiModel(002510)andotherstocksroseamongthetop. 　　Thisyear,thenewenergyvehicleandvehiclesectorshavebecomeoneofthehottestsectors.ThepowerbatteryleaderNingdeTimeshasrisenbymorethan120%sinceMarchthisyear,andtheupstreamelectrolyteleaderTianciMaterialshasrisenbymorethan300%;BYDhasrisenbymorethan280%sinceMarch,becomingthelargestvehiclecompanyintheAstockmarket;GreatWallMotorshasrisenby270%.%.Asthesestocksfellintoarecessionduetotoohighgains,low-levelpartsandcomponentscompanieshavebeenfavoredbyfunds.Lastweek,JinfeiKaida,LongzhouCo.,Ltd.,TianqiMould,andQin'anCo.,Ltd.allexperiencedincreasesrangingfrom22%to48%lastweek. 　　Thisaspectisduetothecontinuousfavorablepoliciesthisyear.Secondly,morethanhalfofthelistedpartsandcomponentscompaniesachievedyear-on-yeargrowthinnetprofitinthethirdquarter,reflectingthegeneraltrendofindustryrecovery;thirdly,someautopartsstocksarestillunderevaluation.Thevalueislow,especiallyafterthewholevehiclesectorhasrisencollectively,partsandcomponentscompaniesarerarevaluedepressions. 　　Someorganizationssaidthattheperformanceofsomehigh-qualitycompaniesexceededexpectations,andfollow-uprecommendationsaretofocusonsectorsandcompanieswithcontinuedbusinessoptimization,sufficientorders,andhighcertaintyofperformancegrowthinthefourthquarter. 　　JinfeiKaida(002863)inthefirstthreequartersofthecompany'srevenueincreasedby2.68%year-on-year,netprofitreached56millionyuan,whichisquiteclosetolastyear'sannualnetprofit.JinfeiKaida'smainproductsarealuminumalloywheelsforautomobiles,aluminumalloywheelsformotorcycles,electricbicyclewheelsandintermediatealloys. 　　Inordertomeettheneedsofthefuturedevelopmentofcommercialvehiclesandoverseasretailmarkets,thecompany'sproductstructurewillbeoptimized.OnNovember25,YunnanFeisu,awholly-ownedsubsidiaryofJinfeiKaidaCompany,plannedtoinvestintheconstructionofanautomatedproductionlinewithanannualoutputof2millionaluminumalloyautomobilewheelsinFuyuanCounty,QujingCity,YunnanProvince.Thetotalinvestmentoftheprojectis530millionyuan,andthesourceoffundsisallSelf-funded. 　　Inordertooptimizethecompany’sproductstructure,inadditiontotheabove-mentionedcommercialwheelhubs,JinfeiKaida(002863)hasalsoplannedtoinvestheavilyinexpandingtheproductionofmotorcyclewheelsandelectricvehiclewheels,andtheproductionbasewillbeexpandedtoJiangxi,Zhejiangandotherplaceswithinoneyear.Threeprojectsareplannedtobebuilt,withatotalinvestmentof1.408billionyuan,allofwhichareself-raisedfundsandcontributedincash.Aftertheprojectisfullycompletedandputintoproduction,17millionnewwheelsforautomobiles,motorcyclesandelectricvehicleswillbeadded. 　　Inaddition,somecompanieswithunsatisfactoryperformancebutuniqueadvantageshavealsobeenfavoredbyfunds.Aslastweek,twoconsecutiveone-characterTianqimodels. 　　TianqiMouldismainlyengagedintheresearchanddevelopment,design,productionandsalesofautobodycovermouldsanditssupportingproducts.Themainproductsincludeautobodycovermoulds,autobodystampingparts,inspectiontoolsandassemblyandweldingfixtures.ItisaglobalproductionThelargestautomobilepanelmouldenterprise. 　　Priortothis,asa"Teslaconceptstock",TianqiModelhassoaredcontinuously.However,duetopoorperformanceduringtheyear,thecompany'svaluationwascutinhalf. 　　ThethirdquarterlyreportshowedthatfromJanuarytoSeptember,TianqiMould'soperatingincomeandnetprofitattributabletoshareholdersoflistedcompanieswere828millionyuanand127millionyuan,ayear-on-yeardecreaseof39.68%and240.27%. 　　Thistime,TianqiMouldonceagainwonthefavoroffundsfromanannouncement.OntheeveningofNovember25,itwasannouncedthatTianqiMouldsignedanequitytransferagreement.ZhumadianIndustrialInvestmentGroupCo.,Ltd.willbecomethecompany’scontrollingshareholder.Itplanstoacquire162millionsharesofTianqiMould(accountingfor17.7%ofthecompany’stotalsharecapital).ThetransferpricepershareisRMB7.33,whichisa70%premiumtothecompany'sstockpriceofRMB4.31beforethesuspension.Inaddition,therearegeneroustaxtreatmentsandthetransferofhundredsofacresofland,whichshowsthevalueofTianqiModel. 　　Xiangshanshares(002870)willnothesitatetoinvestheavilyinenteringthisfield.Thecompanyannouncedonthe27ththatthecompanywillacquirea51%stakeinNingboJoysonAutomotiveSystemsCo.,Ltd.,aholdingsubsidiaryofJoysonElectronics.Thetotaltransactionamountis2.04billionyuan.Throughthistransaction,thecompanywillenterthefieldofhigh-endautoparts. 　　WestChinaSecuritiesproposestofocusoninvestmentopportunitiesintheautopartsindustryfromtwomainlines:First,thevehiclecycleresonates,andtheprofitofthepartsindustrylagsbehindthewholevehiclefor3-6months.Althoughshort-termpressure,thelong-termrecoverytrendremainsunchanged,drivingitssupplyT

Categories:Industry News
Author:
Origin:
Time of issue:2020-12-01
Views:0

　　Since the beginning of this year, the automobile industry, as a backbone industry for stabilizing the economy and increasing consumption, has been supported by a number of blockbuster policies. The automobile industry chain is undoubtedly one of the important main lines of this round of structural market. Recently, after the new energy automobile industry chain and the whole vehicle sector have risen sharply, the auto parts sector with price comparison advantages will continue to interpret the market. Last week, Jinfei Kaida (002863), Tianqi Model (002510) and other stocks rose among the top .

　　This year, the new energy vehicle and vehicle sectors have become one of the hottest sectors. The power battery leader Ningde Times has risen by more than 120% since March this year, and the upstream electrolyte leader Tianci Materials has risen by more than 300%; BYD has risen by more than 280% since March, becoming the largest vehicle company in the A stock market; Great Wall Motors has risen by 270%. %. As these stocks fell into a recession due to too high gains, low-level parts and components companies have been favored by funds. Last week, Jinfei Kaida, Longzhou Co., Ltd., Tianqi Mould, and Qin'an Co., Ltd. all experienced increases ranging from 22% to 48% last week.

　　This aspect is due to the continuous favorable policies this year. Secondly, more than half of the listed parts and components companies achieved year-on-year growth in net profit in the third quarter, reflecting the general trend of industry recovery; thirdly, some auto parts stocks are still under evaluation. The value is low, especially after the whole vehicle sector has risen collectively, parts and components companies are rare value depressions.

　　Some organizations said that the performance of some high-quality companies exceeded expectations, and follow-up recommendations are to focus on sectors and companies with continued business optimization, sufficient orders, and high certainty of performance growth in the fourth quarter.

　　Jinfei Kaida (002863) in the first three quarters of the company's revenue increased by 2.68% year-on-year, net profit reached 56 million yuan, which is quite close to last year's annual net profit. Jinfei Kaida's main products are aluminum alloy wheels for automobiles, aluminum alloy wheels for motorcycles, electric bicycle wheels and intermediate alloys.

　　In order to meet the needs of the future development of commercial vehicles and overseas retail markets, the company's product structure will be optimized. On November 25, Yunnan Feisu, a wholly-owned subsidiary of Jinfei Kaida Company, planned to invest in the construction of an automated production line with an annual output of 2 million aluminum alloy automobile wheels in Fuyuan County, Qujing City, Yunnan Province. The total investment of the project is 530 million yuan, and the source of funds is all Self-funded.

　　In order to optimize the company’s product structure, in addition to the above-mentioned commercial wheel hubs, Jinfei Kaida (002863) has also planned to invest heavily in expanding the production of motorcycle wheels and electric vehicle wheels, and the production base will be expanded to Jiangxi, Zhejiang and other places within one year. Three projects are planned to be built, with a total investment of 1.408 billion yuan, all of which are self-raised funds and contributed in cash. After the project is fully completed and put into production, 17 million new wheels for automobiles, motorcycles and electric vehicles will be added.

　　In addition, some companies with unsatisfactory performance but unique advantages have also been favored by funds. As last week, two consecutive one-character Tianqi models.

　　Tianqi Mould is mainly engaged in the research and development, design, production and sales of auto body cover moulds and its supporting products. The main products include auto body cover moulds, auto body stamping parts, inspection tools and assembly and welding fixtures. It is a global production The largest automobile panel mould enterprise.

　　Prior to this, as a "Tesla concept stock", Tianqi Model has soared continuously. However, due to poor performance during the year, the company's valuation was cut in half.

　　The third quarterly report showed that from January to September, Tianqi Mould's operating income and net profit attributable to shareholders of listed companies were 828 million yuan and 127 million yuan, a year-on-year decrease of 39.68% and 240.27%.

　　This time, Tianqi Mould once again won the favor of funds from an announcement. On the evening of November 25, it was announced that Tianqi Mould signed an equity transfer agreement. Zhumadian Industrial Investment Group Co., Ltd. will become the company’s controlling shareholder. It plans to acquire 162 million shares of Tianqi Mould (accounting for 17.7% of the company’s total share capital). The transfer price per share is RMB 7.33, which is a 70% premium to the company's stock price of RMB 4.31 before the suspension. In addition, there are generous tax treatments and the transfer of hundreds of acres of land, which shows the value of Tianqi Model.

　　Xiangshan shares (002870) will not hesitate to invest heavily in entering this field. The company announced on the 27th that the company will acquire a 51% stake in Ningbo Joyson Automotive Systems Co., Ltd., a holding subsidiary of Joyson Electronics. The total transaction amount is 2.04 billion yuan. Through this transaction, the company will enter the field of high-end auto parts.

　　West China Securities proposes to focus on investment opportunities in the auto parts industry from two main lines: First, the vehicle cycle resonates, and the profit of the parts industry lags behind the whole vehicle for 3-6 months. Although short-term pressure, the long-term recovery trend remains unchanged, driving its supply The independent component suppliers in the chain system carry out profit restoration, superimpose the increase in capacity utilization, and have great flexibility in performance and valuation. The second is the core growth of parts and components. The growth of parts and components depends on increasing the amount of matching/single vehicle value. At this stage, the path that can achieve two-way growth is focused on import substitution. Independent parts suppliers develop high-end products through joint ventures or overseas customers to achieve the same volume and price. Rise.

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