Text/Gu Changfeng
Before the A-share market today, many shareholders have the beautiful expectation of drinking soup and eating meat. Because the U.S. stock market was red overnight, the S&P 500 surged 1.6%, and the peripheral risk was lifted. But unexpectedly, after the opening of the market, A shares showed the virtue of following the fall and not following the rise.
In the morning, the three major Shanghai and Shenzhen indexes opened low and went low, and in the afternoon session, they accelerated their decline, and finally closed with the dismal result of the Shanghai Composite Index falling 1.35%, the Shenzhen Component Index falling 2.07%, and the ChiNext Index falling 3.66%.
The sharp decline in the ChiNext board was mainly affected by the sharp decline in some weighted stocks. The super weighted stock "Ning Wang" Ningde era continued yesterday's decline as soon as it opened, and fell more and more intensely, and could not stop after falling below the trillion market value, and it has been falling more than 7% to have a hint of stop falling brakes, and finally closed with a sharp drop of 7.6%.
The source of the picture is flushed
And the hundreds of billions of "photovoltaic Mao" solar power supply is like a wild horse that has lost its reins, the opening is a thousand miles, directly 20CM rare drop stop, although there has been a slight rebound since then, but most of the day has been dead pressed on the stop board friction, until the close.
The source of the picture is flushed
On the news side, the sharp decline of the Cataline Era today was mainly affected by the supply of the automobile industry chain caused by the Shanghai epidemic and its poor performance expectations. But in fact, since the beginning of 2022, the stock price of the Ningde era has been like a roller coaster, falling all the way from the peak, falling and falling, and falling uncontrollably.
Specifically, on December 3, 2021, CATL hit the highest price since its listing at 692 yuan (before the restoration, the same below), and the highest market value was about 1,581.1 billion yuan (RMB, the same below). But since then, the stock price has reversed and fallen, falling to 406 yuan today, with a market value of 948.7 billion. In less than 5 months, the stock price of CATL has fallen by more than 40%, and the market value has evaporated by more than 630 billion.
Sungrow's 20CM drop today is also affected by poor performance. According to the latest 2021 annual financial report released by Sungrow, although its operating income increased by 25% in 2021, the deduction of non-net profit fell by 28%, which is an increase in revenue and no increase in profit. At the same time, the first quarter of 2022 financial report also showed that operating income increased by 36%, but the deduction of non-net profit fell by about 2%, and the same increase in revenue did not increase profits.
Image source Of the Giant Tide Information Network
However, similar to the Ningde era, as the leading stock on the track, the decline of Sunshine Power is not a day or two. Specifically, on July 30, 2021, Sungrow hit the highest price since its listing of 180 yuan (before the restoration, the same below), with a maximum market value of 267.8 billion yuan (RMB, the same below); on October 27 of the same year, it set a new high price of 179 yuan. Then it began to go all the way down, until today's 72 yuan, the market value of 107.1 billion. In less than 9 months, Sungrow's stock price fell by 60%, and the market value evaporated by more than 160 billion.
Ningde Times and Sungrow are both weighted stocks of the ChiNext board, and their performance is not good, and the performance of the ChiNext board is naturally not much better. In fact, since the beginning of 2022, the ChiNext index has also fallen all the way, falling from 3323 points to 2358 points, down nearly 30%. Therefore, some shareholders joked that "Ning Wang" single-handedly overturned the entire ChiNext board.
It is said that feng shui takes turns. 2021 is a year of growth stocks highlighting and value stocks falling lonely. So far in 2022, it is a growth stock and a value stock, and no one is better off than anyone else. Under the unilateral decline in the market, whether it is a growth stock, a value stock, a stock god, or a leek, they are all wailing and falling without temper.
However, as far as value investing is concerned, I have found that such a market is particularly suitable for entry. Because the stock prices of many good companies have been beaten to the point of falling into disapproval, falling mothers do not recognize, low to the same as hand paper. Such a good company with good quality and low price is everywhere and at your fingertips. Of course, the Ningde era and Sungrow are certainly not among them. Because they are not in the narrow category of value investing, it is only necessary to look at their current price-earnings ratios. (End)
【Changfeng original, violation of rights must be investigated】