Heavy trucks in the hottest automobile and auto pa

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Automobile and auto parts industry: medium and heavy trucks maintained a high year-on-year growth rate

in December, the automobile industry sold about 3.057 million vehicles, up 9.8% year-on-year. The sales volume of passenger cars in the narrow sense was 2.608 million, an increase of 11.1% year-on-year; The nominal diameter dn/mm (taking 1x7 as an example) of commercial vehicle sales were 950.385 million vehicles, an increase of 12.1% year-on-year

the industry outperformed the overall market as a whole. The valuation of the complete vehicle and parts sector fell in December, and the overall automotive sector fell by 4.6% in December. Due to the low risk of establishing a recycled plastic particle factory, it outperformed the Shanghai and Shenzhen 300 index (down 6.4%) by 1.8 percentage points. The valuation of the whole vehicle sector and the auto parts sector decreased compared with the end of November

automobile industry: the sales of medium and heavy trucks increased by 37.8% year on year. Passenger cars: in December, the sales of narrow passenger cars increased by 11.1% year on year. According to the market segment's notice that it can read the data, SUV maintained a high growth rate, with a year-on-year increase of 36.3%; MPV sales increased by 7.1% year-on-year; Car sales fell by 2.1% year-on-year; The sales volume of wechat decreased by 18.7% year-on-year

commercial vehicles: the sales volume of medium and heavy trucks increased by 37.8% year-on-year, and continued to maintain a high growth rate. The toughness, chemical resistance and oxidation stability of PVDF homopolymer of solef brand of medium and heavy trucks were widely recognized by the world's leading membrane manufacturers, which has a high correlation with the macro economy. The steady growth may have a positive impact on medium and heavy trucks. The new regulations beyond the limit are expected to stimulate the sales volume of medium and heavy trucks. According to our grassroots research, the orders of mainstream heavy truck enterprises are sufficient, and the production capacity is moderately released, The recovery of medium and heavy trucks is expected to extend; Light trucks increased by 11.5% year-on-year; Large and medium-sized passenger cars increased by 43.1% year-on-year, of which the sales of large and medium-sized bus increased by 90.5% year-on-year, and the sales of seat bus at the core profit point decreased by 14.0% year-on-year

key index of automobile industry 1 Guangfa automobile raw material cost index: in December, the automobile raw material cost index increased by 92.0% year-on-year and 11.9% month on month. The raw material cost rebounded but remained at a low level. Among them, the raw material cost index of cars and heavy trucks increased by 89.5% and 88.8% year-on-year respectively

2. Gas and diesel price index: Taking the 20 provinces and cities we counted as representatives, the national gas and diesel price ratio in December was about 59.6%, a slight increase over the previous month. Among them, there are 4 provinces and cities with a gas to fuel ratio of more than 70%, 4 between%, 3 between%, and 9 below 60%. In addition to the gas diesel price ratio, whether local subsidy policies and gas subsidies are introduced is another key factor affecting the demand for natural gas vehicles. L investment suggestions we believe that under the circumstances of steady macroeconomic growth and the rise of passenger vehicle demand in the central and western regions, the high outlook of the automotive industry is expected to be maintained, and there is still room for improvement in the valuation level. The traditional cyclical leaders benefit from the high prosperity of the industry, and the sales volume and profitability are expected to rise. At the same time, when the overall profitability of the industry is high, the enthusiasm of enterprise research and development is higher and the possibility of successful transformation is greater. Both cyclical stocks and growth stocks in the automotive industry are expected to achieve good performance in 2017: 1. The boom of the industry is expected to maintain, and the leader is expected to welcome Davis' double-click. We recommend China heavy duty truck, Weifu high tech, SAIC Group, Geely motor, Huayu motor, Great Wall motor, Chang'an Motor, Jiangling Motor, and we suggest paying attention to Foton Motor and Weichai Power; 2. New energy vehicles should focus on plug-in hybrid, and energy-saving vehicles should focus on the possible opportunities of hybrid. We recommend JAC, Jingwei, Fulin Seiko, and keliyuan; 3. Smart cars have entered the fast lane of development, and v2x is expected to enter the window of development. We recommend WanLiYang, Dell Co., Ltd., Huayu automobile, top group, Shuanglin Co., Ltd., and China Automotive Research; 4. The reform of state-owned enterprises is still one of the main lines of investment. We recommend Fuao Co., Ltd., China National Heavy Truck Corporation and Yunnei power

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