legendsultimatemini|电力设备行业点评报告：24Q1基金持仓深度：电新重仓Q1总体上升 电动车、光伏、工控、电网、风电、储能均上升

Key points of investment in new energy vehicles: overall positions rise, mid-stream positions rise, vehicles & charging piles rise slightly, upstream lithium mines & core components & new technology drop slightly 2024Q1 positions in new energy vehicles account for 5.09% of the total market capitalization, up 0.33pct from the previous month. The proportion of 2023Q1-2024Q1 positions is 5.45%, 5.89%, 5.30%, 4.76% and 5.09%, respectively. 1) the 2024Q1 position of upstream lithium mine decreased to 3.16%.Legendsultimatemini; 2) the mid-stream position increased to 8.84%, while the position of diaphragm, electrolyte, copper foil and aluminum foil decreased, while the position of battery, positive, negative, additive and structural parts increased; 3) the position of the whole vehicle and charging pile increased slightly, while the core components decreased; 4) the 2024Q1 of the new technology plate decreased to 1.36%, and the sodium battery and composite current collector decreased slightly. New energy: photovoltaic, wind power and nuclear power all rose. The proportion of 2024Q1 positions in the total market capitalization of photovoltaic sectors rose to 4.45% (+ 0.29pct), while 2023Q1-2024Q1 positions accounted for 6.76%, 6.12%, 5.25%, 4.16% and 4.45%, respectively. The positions of plastic film, silicon material, inverter and some small auxiliary materials have increased, while the positions of silicon wafers, new battery technologies, integrated components and some small auxiliary materials have decreased. 1) the wafer link decreased by 0.94 pct, 2) the silicon link rose by 0.03 pct, 3) the battery dropped by 0.06 pct, 4) the integrated module dropped by 0.37 pct, 5) the inverter link rose by 1.53 pct, 6) the positions of auxiliary materials: plastic film, glass, EPC increased, while the positions of bracket, diamond wire, silver paste, equipment and quartz crucible decreased. Among them, the glue film increased by 2.17pct, the glass increased by 0.27pct, the stent decreased by 0.38pct, the EPC increased by 0.16pct, the equipment decreased by 0.34pct, the diamond line decreased by 0.34pct, the silver paste decreased by 0.13pct, and the quartz crucible decreased by 1.72pct. The proportion of wind power sector 2024Q1 positions in the total market capitalization rose to 2.67% (+ 0.22pct) from the previous month, while 2023Q1-2024Q1 rose to 2.55%, 2.53%, 2.37%, 2.45% and 2.67%, respectively. 1) the whole machine link decreased by 0.40 pct, 2) the tower tube-sea pile link decreased by 0.60 pct, 3) the submarine cable link increased by 1.66 pct, 4) the casting and forgings, structural parts decreased by 0.68 pct, 5) the bearing and roller decreased by 1.01 pct, 6) the blade and material link increased 0.09pct. Industrial control & power equipment: low voltage, intelligent power consumption and secondary equipment increased, while other links decreased. The proportion of 2024Q1 positions in the power electronics sector accounted for 6.08% of the total market value, with an increase in 0.79pct compared with the previous month. The proportion of 2023Q1-2024Q1 positions is 6.47%, 5.98%, 6.45%, 5.29% and 6.08%, respectively. The overall 2024Q1 position in the power equipment sector accounted for 2.79% of the total market capitalization, up 0.54pct from the previous month. The proportion of 2023Q1-2024Q1 positions is 2.32%, 1.67%, 2.04%, 2.24% and 2.79% respectively. Energy storage: overall position increased, energy storage battery, PCS, temperature control / fire protection, portable energy storage increased, other links decreased energy storage plate 2024Q1 position accounted for 8.01% of the total market value, month-on-month increase 1.13pct. The proportion of 2023Q1-2024Q1 positions is 8.19%, 8.16%, 7.45%, 6.88% and 8.01%, respectively. 1) the overall holding ratio of 2024Q1 for energy storage battery increased to 8.64%, 2) PCS increased to 11.44%, 3) temperature control / fire protection rose slightly to 1.56%, 4) Integrated / EPC/ operation 2024Q1 decreased to 4.54%, 5) New energy storage decreased slightly to 1.00%, portable energy storage increased to 3.09%.Legendsultimatemini? Risk hints: stock market volatility risk, macroeconomic volatility risk, policy change risk. This report only analyzes and comments on the objective data of the first quarterly report of the fund, and the stocks and industries involved do not constitute investment recommendations. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.

[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.