Automotive and parts industry weekly: new energy market in full swing

　　Last week, A shares of the automotive sector adjustment, weaker than the broader market: automotive sector fell 1.7%, auto parts sector fell by 0.6%, auto aftermarket and service sector rose by 0.1%, the CSI index rose by 0.1%. Auto run market 1.8 percentage points, auto parts run the market by 0.7 percentage points, car sales and services in the market. A shares key stocks, Jinlong automobile rose sharply, Koyo shares, Guangzhou Automobile Group and Changan automotive maintained a rising trend, the rest of the company showed different degrees of decline, last week rose leading Chinese domain car and Ankai automobile fell sharply. H key stocks, automobile, and launch Baoxin auto auto dealer group shares rose precedence, Weichai Power, led by Chinese brilliance.

　　A quarter profits from the fourth quarter of 2014: auto parts with flat plate, a quarterly publication is completed, the fourth quarter of 2014 earnings per share calculation plate 0.2425 yuan for the application of integral method, the first quarter of 2015 was 0.2408, the overall profitability of the quarter was essentially flat.

　　2016~2020 new energy vehicles to promote the financial support policy landing: the subsidy standard is mainly based on energy saving and emission reduction, and considering the cost, scale effect, technological progress and other factors of production gradually fall off. Little difference between 2016 and 2015 2017-2020 annual subsidy standards, in addition to fuel cell vehicles and other models appropriate subsidies fall among them: 2017-2018, the annual subsidies fell by 20% in 2016 on the basis of 2019-2020, the annual subsidies fell by 40% in 2016 on the basis of. Financial subsidies fall will promote the demand for new energy vehicles in 2015 and 2016 rapid release, have emerged around the promotion of accelerating trend obviously. Beijing in 2015 a quarter of new energy vehicle production 3223, an increase of 1.2 times, accounting for the country's new energy vehicle production of 11.8%. Fujian Province in the first quarter of 2015, the new promotion of new energy vehicles is doubled, of which pure electric vehicles accounted for more than 70%.

　　The recommended target: to continue to focus on the recommendation of JAC (SUV market beneficiaries, new energy and the concept of SOE reform, the Great Wall automobile (SUV) market leader, the biggest beneficiaries), BYD (new energy market, the biggest beneficiaries of the SUV market, SAIC (Beneficiary) SUV market gains, new energy and the concept of SOE reform).