Today's star is Ning Wang's net profit of 14 billion more than expected, or will it become this wave of "backbone stocks"? More than a thousand funds are heavily positioned.

In early trading today, the trend of the Ningde era gave the market a shot in the arm, rising more than 5% in intraday trading to 602.30 yuan by midday, up 4.75%, and the turnover reached 10.78 billion yuan in half a day. After opening in the afternoon, it remained strong.

On the evening of January 27th, Ningde Times announced that the company expected to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with a year-on-year increase of 150.75% to 195.52%. This means that the company's net profit in 2021 is almost twice as high as the upper limit.

According to the fund's Quarterly report, which has been disclosed before, from the market value of the fund's heavy positions, the data show that as of the end of last year, there were still 1297 funds holding heavy positions in the Ningde era, with a total market capitalization of 119.962 billion yuan.

However, from the four Seasons, star fund managers on the adjustment path, for the Ningde era as the representative of the new energy investment strategy has appeared some differences. With HSBC Jinxin "New Energy first Brother" Lu Bin, star fund manager Agricultural Bank Huili Zhao attainments, 2021 public offering fund champion Qianhai Open Source Cui Xilong, CITIC Prudential Sun Haozhong, Ruiyuan Fund Zhao Feng, Huaxia Fund Zheng Zehong, Yinhua Fund Li Xiaoxing, Guangfa Fund Liu Gesong, Yongsheng Fund Yuhang and other star fund managers, some are aggressively increasing their positions in the new energy sector, while others are warning of risks and have begun to adjust their positions.

There are still more than a thousand funds in the Ningde era.

On the evening of January 27th, Ningde Times announced that the company expected to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with a year-on-year increase of 150.75% to 195.52%. This means that the company's net profit in 2021 is almost twice as high as the upper limit.

Ningde Times said that the increase in performance was mainly due to the increase in the penetration of new energy vehicles and energy storage markets in 2021, which led to the growth of battery sales; the company made progress in market development, the release of new production capacity, and the corresponding increase in production and sales; and the company strengthened cost control, reducing the proportion of expenses to income.

Industry insiders believe that Ningde era net profit growth exceeded market expectations, compared with published results of peers, such as Yiwei lithium energy year-on-year pre-increase of 65% to 85%).

Changjiang Securities said that the reasons for the better-than-expected performance in Ningde era may include higher-than-expected sales confirmation, higher-than-expected profitability, and room for profit release in areas such as R & D services and pre-impairment resale.

However, according to the Fund's Quarterly report, which has been disclosed before, from the market value of the fund's heavy positions, at the end of the third quarter of 2021, Ningde era once surpassed Guizhou Moutai to become the largest public offering fund. But by the end of the fourth quarter of last year, Kweichow Moutai had once again become the number one heavy stock in the fund.

Further, the data show that by the end of last year, a total of 1378 funds held heavy positions in Guizhou Moutai, with a market value of 121.955 billion yuan; Ningde era was held by 1297 funds, with a total market value of 119.962 billion yuan. However, compared with the Ningde era with a total market capitalization of 1.4 trillion yuan and Guizhou Moutai with a total market capitalization of 2.5 trillion yuan, the market capitalization of the two companies held by the fund is less than 2 billion yuan.

In addition, the data also show that as of the end of last year, the fund still holds 11 new energy concept stocks in the top 50 major stocks of the fund. In addition to Ningde era, there are photovoltaic leading Longji shares, Tongwei shares, Sunshine Power, Trina Solar Energy, upstream resources stocks of lithium batteries Huayou Cobalt Industry, Tianqi Lithium Industry, Tianyu Materials, Enjie shares, etc., as well as vehicle leader BYD and Yiwei Lithium made by batteries.

Differences in new energy plate appear

Since the beginning of the year, A shares have been caught in adjustment, and the new energy track represented by lithium batteries has stalled one after another. by the close of noon, the lithium battery plate index had fallen 12.69% during the year.

Looking back on 2021, the new energy track shines brilliantly, and the net worth of the new energy fund continues to rise. At the beginning of the year, the new energy sector faces a wave of adjustment, and the fund adjustment strategy with heavy holdings of new energy has attracted the attention of investors. With the successive disclosure of the four Seasons report of the Fund in 2021, the adjustment ideas of fund managers in the new energy sector are suddenly on paper.

According to the four Seasons, star fund managers have obvious differences on the investment strategy of new energy. On the one hand, some people are still increasing their positions on a large scale, while others are warning of the risks of new energy investment and begin to adjust their positions.

For example, according to the quarterly report released by HSBC Jinxin low-carbon Pioneer managed by Lu Bin on January 24, New Energy's "stock base number one" continued to increase its positions in the Ningde era in the fourth quarter, jumping from the previous third largest stock to the current No. 1 heavy position, with 1.6625 million shares, an increase of 29.56% over the third quarter, accounting for 8.52% of the fund's net worth.

Similarly, Lu Bin also increased the positions of the "lithium industry leader" Tianqi Lithium Industry, Ganfeng Lithium Industry, and increased positions by 8.1% and 55.52% respectively. In addition, Yahua Group, Hangke Technology and Salt Lake shares also increased their holdings to varying degrees in the fourth quarter.

In the four Seasons report, Lu Bin mentioned that the current level of risk premium in the market is near the historical center, and under the requirements and tone of "taking economic construction as the center" and "making progress in the midst of stability," macro policies are expected to continue to develop, the external environment of the market is relatively warm, and the internal structural opportunities will be more balanced. HSBC Jinxin low-carbon Vanguard Fund has long focused on investing in low-carbon and new energy industries, which have large long-term space, low permeability and many high-quality companies. At the same time, there will be many investment opportunities for technological innovation. In 2022, we will pay close attention to the policy direction and competition pattern of the new energy industry, and dynamically compare the valuation level. Use investment strategies based on fundamentals and valuation to dynamically grasp investment opportunities in the new energy industry in 2022.

However, in contrast to Lu Bin's optimism about new energy investment, a group of fund managers represented by Li Xiaoxing, star fund manager of Yinhua Fund, Zhao Qiu, star fund manager of Agricultural Bank of China, and Zheng Zehong, star fund manager of Huaxia Fund, have begun to reduce their positions in new energy. They believe that the share prices of some new energy industry chain companies are "already ahead of the fundamentals".

For example, Zheng Zehong, the star fund manager of Huaxia Fund, warned of the risks of new energy in the four Seasons report of Huaxia Energy Innovation. 'New energy is a very good industry, with high returns in the past three years, 'Mr. Zheng said.' looking at the next three years, I personally think there is more room for profitability, 'Mr. Zheng said. But shorten the investment cycle, such as half a year or a year, because static valuations are high and there are more participants, it is entirely possible to fluctuate or fail to outperform other indices in the short term, just like the liquor and pharmaceutical industries in 2021. Therefore, at this point in time, individuals suggest that investors should lower their expectations of short-term new energy returns.