"Currently, the market's bullish sentiment is very weak," Bao Yongquan said. "If the core long-term capital groups in the market reduce their investment expectations for the 'new energy industry chain' as the main theme... I'm afraid it will be difficult for the market to maintain a sustained independent trend later on. I'm thinking... do we need to appropriately reduce our positions in this main theme to avoid a sharp pullback trend that might result from changes in expectations for this main theme?"
"The short-term trend of the market is difficult to predict," Yang Shengfan said. "Whether we should reduce our positions, I think it still depends on the demand changes in the 'new energy industry chain' as the main theme, especially in the entire 'new energy vehicle' market, before we can make a more prepared investment strategy.
And it's clear... Looking at the current development status of the entire 'new energy vehicle' market and market demand. The sales data for 'new energy vehicles' in the most recent quarter showed a clear growth trend, both quarter-on-quarter and year-on-year.
This indicates that the demand in the entire 'new energy vehicle' market is still growing explosively. Even though there are many irregularities in the current market, and many enterprises and companies are suspected of fraudulent subsidies, the fact that market demand is expanding cannot be changed.
Since market demand is continuously exploding and expanding. Then it's clear that companies in the related industry chain, as well as upstream and downstream demand, will all be in an expanding and upward trend.
Furthermore, just looking at the market price changes of products like 'lithium carbonate,' 'lithium hydroxide,' and 'lithium hexafluorophosphate' in the past quarter, they have also shown a continuous upward trend.
And there's no sign of this upward price trend stopping. This is the fundamental situation of the industry and industry chain. Looking at the corresponding core enterprises in the industry, the target companies our fund heavily holds.
We can also emotionally track their operating data, which continues to improve compared to last year and the previous quarter. Core industry chain stocks like 'Tianqi Lithium,' 'Ganfeng Lithium,' 'Doflodo,' etc., are expected to see significant performance growth this year.
Of course, due to the excessive speculation by various capital flows converging on the 'new energy industry chain' over the past half year or so. The stock prices and valuations of these core stocks are no longer cheap.
However, it's clear that factors influencing stock price trend changes, such as industry expectations, company fundamentals expectations, and performance expectations, are all still growing.
In other words, looking ahead, the investment expectations for the 'new energy industry chain' as the main theme. Even speculation expectations exist. Considering and analyzing these factors. We can easily conclude that now is not the time to reduce positions and take profits on core stocks related to the 'new energy industry chain'.
However, abnormal market movements certainly warrant vigilance. Today's sharp decline in core stocks related to the 'new energy industry chain' against the market trend should also make us vigilant."
"Analyzing from the industry's fundamental situation and the expected performance direction of many core companies in the 'new energy industry chain' this year..." Bao Yongquan continued Yang Shengfan's remarks, saying, "Then certainly, the 'new energy industry chain' as the market's core main theme still holds investment value and speculative opportunities.
However, today's sharp decline, even limit-down movements, of many core stocks is indeed clearly abnormal. We can only check today's Dragon-Tiger List data for related stocks. If it's due to early-intervention funds taking profits, or as you said, General Manager Yang... caused by a passive reduction in a certain fund's position.
Then, we can continue to hold the core stocks related to the 'new energy industry chain'. Waiting for the subsequent trend to recover. But if it's due to a leading fund, which has consistently dominated the trend of this core main theme and holds a significant position, actively reducing its holdings, then I believe we should follow suit and reduce some of our chips to avoid subsequent adjustments in this main theme and control the net value drawdown of our fund products.
And to make the net value trend of our fund products smoother. We should also proactively time our actions. Even though analysis from all aspects shows that the 'new energy industry chain' as a core main theme has not yet reached the turning point of industry demand decline, nor is it time to reduce positions or clear out for profit-taking.
But through necessary timing, to reduce the cost of fund holdings and improve the net value trend. I think it's still very necessary."
"Alright," Yang Shengfan listened to Bao Yongquan's analysis, thought for a moment, nodded, and said, "Let's look at today's Dragon-Tiger List data first, then decide."
With that, he turned his gaze to the post-market public interface for Dragon-Tiger List data.
And after Yang Shengfan and Bao Yongquan's intense discussion, while awaiting the release of the Dragon-Tiger List data for both markets, hoping to discover from the data the main capital responsible for today's massive sell-off of 'new energy industry chain' core main theme chips, which led to violent fluctuations in this core main theme.
In the entire A-share market...
Other institutional main fund trading departments still active in the market, as well as the various hot money and retail investor groups active in the market, were also anticipating the release of the post-market Dragon-Tiger List data.
Amidst everyone's anticipation, 5 PM arrived, and the Dragon-Tiger List data for both markets was released.
When countless eyes across the market focused on the public Dragon-Tiger List data for both markets, especially when everyone saw that the 'Huaxin Securities Modu Financial Street Fuxing Road' branch had once again appeared on the Dragon-Tiger List after more than half a year, on the trading list of core high-quality stocks in the 'new energy industry chain' that hit their daily limit today, such as 'Tianci Materials,' 'Winshare Technology,' 'Pengfei Energy,' 'Dynasol Technology,' etc., they instantly showed extremely surprised expressions.
Whether it was major institutions, various market hot money, or numerous retail investor groups.
No one expected that the 'Huayi Expedition No. 1' fund product, which had always firmly favored the 'new energy industry chain' as the core main theme, held heavy positions in this core main theme, and dominated its market trend, would undertake a massive reduction in positions in the 'new energy industry chain' at this particular moment and time.
"Oh my god, it's actually the capital from 'Huaxin Securities Modu Financial Street Fuxing Road' actively selling off shares." After seeing the disclosed Dragon-Tiger List data for both markets, Bao Yongquan's eyes widened, and his face showed extreme surprise. "General Manager Yang, looking at this situation... the 'Huayi Expedition No. 1' investment fund, under 'Huayi Capital' company, is planning a large-scale reduction in positions to take profits from the 'new energy industry chain' main theme!"
Yang Shengfan's expression at this moment was also extremely surprised.
He never imagined that the capital responsible for today's massive sell-off of core stocks in the 'new energy industry chain' main theme was actually 'Huayi Expedition No. 1', the main capital that had previously continuously bet long on this core main theme, guided its trend, and attracted a large number of retail investors and hot money to speculate on this main theme.
(End of chapter)