Parallelism is good

On September 6, the A -share size index was differentiated, and the Shanghai Index went up one -sided, and the closing of more than 1%returned to 3,200 points. The popularity of the market rises, chemical stocks have risen, and photovoltaic leaders lead the collective rebound of track stocks. The Shanghai Stock Exchange Index closed up 1.36%at 3243.45 points, the Shenzhen Stock Exchange Index rose 1.04%to 11799.81 points, the GEM index rose 0.1%to 2540.64 points, the science and technology 50 index rose 1.11%to 103.578 points, and the full A rose 1.36%. Wan De Shuangchuang rose 0.92%.

The market turnover is close to 870 billion yuan, which is significantly enlarged from the previous day; the northern direction funds have deviated from the afternoon operation and the index. 100 million yuan; Among them, the Shanghai Stock Connect sold 439 million yuan, and Shenzhen Stock Connect sold 3.46 billion yuan; the cumulative reduction of foreign investment in the nearly 4 trading days exceeded 16 billion yuan.

Data source: wind

On September 6, Huawei officially released the Mate50 series mobile phones to confirm that equipped with the HarMony OS 3.0 system. Among them, the Huawei Mate50 series mobile phone starts at 4999 yuan, up to 6699 yuan; the Mate50 Pro series mobile phone is priced at 6799 yuan -7999 yuan. However, from the perspective of the market, concerns about the consumer side are still very great. On September 6, consumer electronics fell slightly, and the upstream chip rose slightly.

For the chip, compared with the fundamentals before the start of the line in 2019, there are three different points. The first point is that the position of the industrial cycle is different. The second point is that the deepening phase of domestic replacement is different. At present, some links have achieved 30%of the localization. It can be said that the most urgent stuck neck link is partially solved. Confidence is currently insufficient; the third point is that the demand for intelligent automobiles has a higher growth rate.

The short -term demand pressure of the chip sector is still there. In the third quarter of the new electronic product window, the sales data is worthy of continuous attention. Under the trend of domestic replacement, domestic chip companies have a lot of room for development, but for a period of time, the fundamentals will still be affected by the shrinking demand. Long -term can continue to pay attention to the chip ETF (512760). The layout of the batch method (see "The chip continues to be short in short" for details).

On September 6, the photovoltaic 50ETF (159864) closed up 5.11%, mainly because the relevant departments once again solicited opinions on the development and construction of photovoltaic power stations, and the performance of the session of the section continued to grow high.

According to the news on September 5, the relevant departments publicly solicited opinions on the "Measures for the Management of the Development and Construction of Photovoltaic Power Station (Draft for the Secondary Consultation)". Power grid enterprises should increase the overall goal of the development and construction of photovoltaic power stations determined by the state to improve the power system acceptance of photovoltaic photovoltaic accepted photovoltaic power system The ability to generate electricity. With the acceleration of large -base projects, centralized demand in the second half of the year will start, and the domestic photovoltaic market is expected to continue its high growth trend.

The performance of the photovoltaic sector increased significantly in the first half of the year. Thanks to the rapid growth of global photovoltaic demand, the CSI photovoltaic industry index achieved total operating income of 449.636 billion yuan in the first half of the year, an increase of 65.49%year -on -year, and the net profit attributable to shareholders of listed companies was 50.870 billion yuan, an increase of 76.60%year -on -year. For new energy sectors with high valuations, the probability of the industry's valuation needs to be matched with growth. This year, the growth rate of the photovoltaic sector has been in a step.

Data source: wind

As of August 19th, as of September 2, the index fell more than 15%. The disclosure of the semi -annual report of listed companies, and the industry valuation has been significantly digested. At present, the CSI photovoltaic industry index is 35.02 times PE valuation, which is located at 36.91%of the history. The tightening of short -term overseas liquidity may cause the sector to continue to fluctuate, but the sector still has better investment value in the middle and long -term period.

Data source: wind

On September 6th, the military industry sector also performed well. The medium -sized military industry's net profit was+8%, and the growth rate of profit end slowed down. The top three of the net profit growth in the subdivision sector include ground equipment (+47.6%), aviation (+23.8%), and satellites (+16.9%).

From the perspective of industry data, the toughness of military industry's growth is fully reflected, and its performance has been fulfilled for eight consecutive quarters. In 2027, the achievement of the century -old struggle for the founding of the army supported the rapid growth of equipment. At present, the large -scale payment is locked for 3 to 5 years, and the order may continue to be added. Investors can continue to pay attention to the military industry ETF (512660) (for details, see "Ai Xiaojun: The Big Season of the B fundraising in Military Workers in the Third quarter") Essence

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