Or affected by the "landing of tariff boots", today (May 15) the field of technological growth was revised back, and the three major A-share indexes also closed down, but semiconductors and photovoltaic leaders still closed sharply higher, with focus creating the top 10 stocks in the Entrepreneurship 50 Index. In terms of semiconductors, Tuojing Technology is up more than 4%, Cambrian-U up more than 2%, and photovoltaic leaders such as Sunshine Power and Ates are still rising sharply.
Can not help but sigh, the wind and rain of Chinese photovoltaic, or has matured.
Hot ETF, 100% layout strategy emerging industries mass entrepreneurship and innovation leader ETF (588330) tenaciously above the water in the morning trading, and then with the market consolidation, by the close, the floor price fell 0.83%.
It is worth mentioning that the late market premium of mass entrepreneurship and innovation leader ETF (588330) widened, and the closing premium rate was 0.Worldpokerchampionship.1%, funds may have a tendency to buy whenever they fall, waiting for an opportunity to enter the ambush.
Recently, there are three main points of interest in the field of large science and technology:
1. Photovoltaic: Chinese photovoltaic enterprises may be prepared to swing without fear of customs duties.
Recently, the United States announced the imposition of tariffs on electric vehicles and lithium electricity. What is the impact on the A-share industry chain?Worldpokerchampionship? In terms of ① new energy vehicles, Chinese passenger vehicles, including electric vehicles, account for a very low proportion of exports to the United States, and the impact is very limited. In terms of ② power batteries, domestic enterprises can avoid high tariffs by building factories overseas. In terms of ③ energy storage batteries, China's energy storage lithium battery shipments accounted for 92% of the world's total shipments in 2023, which has a huge competitive advantage in the world. in view of this, the tariff policy has been postponed for two years and will be implemented in 2026, which is expected to lead to rush installation of energy storage in the United States from 2024 to 2025.
Everbright Securities said that the United States through IRA subsidies and other policies to limit the domestic lithium industry chain, the relevant negative has been fully digested in the stock price. With the gradual fall of overseas production capacity of domestic lithium power companies, domestic lithium power companies with global competitiveness will start the second growth curve. The United States imposes tariffs on energy storage in 2026, which is expected to promote the rush to install energy storage in the United States.
Market analysts said that Chinese photovoltaic companies have long been prepared for relevant trade measures, and Chinese photovoltaic companies, which have experienced many battles since 2010, may have matured.
2. Semiconductors: the performance inflection point of semiconductor companies may have emerged, and the industry is gradually repairing.
In 2023, the semiconductor industry experienced another cyclical decline. The total revenue of China's semiconductor industry companies was 495.179 billion yuan, an increase of 1.24% over the same period last year, and the total net profit was 30.786 billion yuan, down 50.86% from the same period last year. In the first quarter of 2024, with the slow recovery of downstream demand and the landing of new AI applications, the bottom of the two-wheel drive industry was repaired. The growth rate of total revenue of China's semiconductor industry companies has further expanded, and the decline at the profit end has narrowed sharply compared with the same period last year. 75% of the semiconductor industry companies have achieved positive revenue growth, and 42% have achieved positive net profit growth, which is higher than that in the same period in 2023.
Galaxy Securities pointed out that the semiconductor sector has undergone continuous adjustment and is currently at the level of safety valuation, while the performance of most 2024Q1 companies has shown a clear inflection point.
3. AI wave: the byte jump self-development model will be released, and the commercial closed loop of the industrial chain is expected to accelerate the formation.
Recently, the international giants Google, OpenAI and other companies released the latest AI research results, the market once again focused on the field of AI. Today's "2024 Spring Volcano engine FORCE Power Conference" is held, focusing on the theme of AI, the byte-beating self-developed model "Volcano Ark" will usher in a major upgrade. In addition, Volcano engine and OPPO, vivo, Glory, Xiaomi, Samsung, Asustek launched a wide range of cooperation, and announced the establishment of intelligent terminal large model alliance.
Ping an Securities pointed out that the current global model is gradually showing a development trend from unilateral performance competition to equal emphasis on performance and practicality. When the capacity of the large model reaches a certain level, it is bound to move towards application. Large model manufacturers will promote the promotion and deployment of downstream applications by improving the performance-to-price ratio of their products, which is expected to accelerate the formation of commercial closed loops of the large model industry chain. Continue to be optimistic about investment opportunities in AI computing power, algorithms, AI application scenarios, network security and other areas.
"hard science and technology" forges new productive forces! Market analysts say big data, cloud computing, artificial intelligence, blockchain. With the accelerated iteration of new technologies, China's advanced manufacturing, new energy vehicles, digital economy and other new industries are surging vitality, and new quality productive forces are accelerating to embrace the economy and society. Entering the new era, mankind has ushered in a new round of scientific and technological revolution and industrial change, and formed a historic intersection with our country to accelerate the transformation of the mode of economic development, providing a major opportunity for the implementation of innovation-driven development strategy.
According to public data, the Science and Technology Entrepreneurship 50 Index tracked by mass entrepreneurship and innovation's leading ETF (588330) covers 50 emerging industry stocks with a larger market capitalization on Kechang and gem, including photovoltaic, energy storage, lithium power, semiconductors, pharmaceutical biology and other industries, and its weighted shares gather the leading companies of Ningde era, Mindray Medical, SMIC, Sunshine Power and other sub-track. Among them, new energy, electronics, and pharmaceutical concept stocks account for nearly 90%, and the weight ratio presents a tripod structure, which can not only effectively track the rebound market of new energy vehicles, AI computing power, and innovative drugs, but also disperse risks during a pullback, which is a sharp weapon for the layout of scientific and technological innovation.
Sources of data and charts: Wind, Shanghai and Shenzhen exchanges, Warburg Fund, etc.
Risk Tip: mass entrepreneurship and innovation leader ETF (588330) passively tracks the CSI Entrepreneurship 50 Index, which is 2019.12.31 on the base day and released on 2021.6.1. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R4-medium and high risk, which is suitable for investors with active type (C4) or above. For appropriate matching opinions, please refer to the sales organization. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.
