The Gates Foundation became popular to participate in A-share lithium electricity subdivision leader to increase floating profits by nearly 200 million in the first quarter, and also increased its holdings in these two stocks.

The news that Bill Gates and his wife have ended their 27-year marriage has been scanned all over the Internet, but they will still cooperate in the Bill and Melinda Gates Foundation (referred to as the Gates Foundation), which was established in 2000, and its A-share operation path has become a topic of concern to investors.

According to public data, by the end of the first quarter of 2021, the Gates Foundation was still among the top 10 circulating shareholders of Sinopec and Satellite Petrochemical (the fifth and seventh largest respectively), and increased its holdings by more than one million shares compared with the end of 2020. At the end of the period, the number of shares held were 13.34 million shares and 11.85 million shares, respectively, with a market value of 311 million yuan and 446 million yuan respectively.

Let's take a look at the trend of the above two stocks. Sinamak's share price hit an all-time high on January 8 this year, followed by a shock adjustment, with the largest cumulative decline of about 25 per cent.

Sun Ying of Zhongtai Securities pointed out in a research report released on April 27 that Sinopec's scientific and technological glass fiber products business is developing steadily, the original yarn cost is highly competitive, the demand for the extension of compound materials is clear, and the layout of the whole industry chain is clear. With the industry boom going up in 21 years, it is expected to achieve a simultaneous rise in volume and price, and the performance is expected to exceed expectations. It is estimated that the company's net profit from 2021 to 2022 is about 5.1, 600 million yuan, and PE is 14, 12X, maintaining the "overweight" rating.

Satellite petrochemical shares hit an all-time high on February 18, followed by a wave of adjustment, the biggest drop was also about 25%, and then rebounded, not far from the year's high.

The research report released by Wei Kai of Changjiang Securities on April 30th pointed out that the demand of the real estate chain in the United States is growing steadily, and the profits of 2021Q1 satellite petrified propyl xi acid and ester continue to remain high. Under the background of carbon neutralization, the certainty of green low-carbon projects is strong, and the expansion of scale and the construction of new materials will lead the growth of the company. Assuming that the first-stage wan cracking project is put into production in 2021 and contributes profits, and the second-stage project is put into production in 2022 and contributes profits to 2023, the company's EPS for 2021-2023 is 3.38,4.36 and 6.30 yuan, respectively, without taking into account future equity changes, maintaining a "buy" rating.

In addition to joining the A-share secondary market trading, the Gates Foundation last year also participated in 200 million yuan to participate in the lithium diaphragm leader Enjie shares fixed increase.

Enjie shares announced on September 2, 2020 that an increase of 5 billion yuan at the price of 72 yuan per share has been completed. The company issued a total of 69.4444 million shares to 22 issuers, of which the Gates Foundation subscribed for 2.7778 million shares with an allocation of nearly 200 million yuan and a lock-up period of six months. However, judging from Enjie's 2020 annual report and the first quarterly report of 2021, the Gates Foundation did not appear in the company's top ten circulating shareholders.

According to the announcement, the shares acquired by the Gates Foundation were lifted in early March this year and can be sold. According to the share price of Enjie shares in early March, when the ban was lifted, the Gates Foundation's investment earned about 100 million yuan, with a half-year return of 50%.

On April 30th, Enjie shares closed at 134.55 yuan. If the Gates Foundation did not reduce its holdings after the lifting of the ban, the eight-month paper return on the investment would be as high as 87%, with a floating profit of 170 million yuan.

According to a research report released by China Merchants Securities Youjiaxun and others on May 3, Enjie Power Battery separates customers at home and abroad and will have a production capacity of more than 4 billion square meters by the end of this year. At the same time, the company successfully acquired Suzhou Jie Li and Niumi Technology to strengthen the layout of consumer battery diaphragm, in which the production capacity of Geli is more than 400m square meters and that of Niumi is nearly 100million square meters (140 million square meters after process transformation). In addition, the company cooperates with celgard to form a diaphragm full-category layout.

According to a research report released by Sun Xiaoya of Tianfeng Securities on May 3, the company achieved a simultaneous rise in volume and profit in the first quarter. Under the high demeanor of the industrial chain and better flat net profit, the company raised its 21 / 22 net profit to 20 / 2.8 billion yuan (previously 17 / 2.2 billion yuan), an increase of 81% and 38% compared with the same period last year, and maintained the "buy rating" corresponding to the valuation of 59X and 43X.