The market value of China’s A shares after three years of listing has rushed to the third place: Ningde Times may be included in the Shanghai and Shenzhen 300 Index
In the era of the transformation of traditional cars to electric vehicles, power batteries have become the sweet pastry in the eyes of all car companies, and the Chinese manufacturer Ningde era, which has a monopoly of more than 30% of the global power battery market, has become the trend of the times.A few days ago, the CITIC Securities Research Report pointed out that the China Securities, Shanghai and Shenzhen Stock Exchange series of indexes are expected to implement the adjustment of the index constituent stocks at the end of 2021 on December 13, 2021.
According to the results of model calculations, Ningde Times, Mindray Medical and China Telecom are expected to be selected for CSI 300, and Three Gorges Energy, COSCO Shipping Holdings and Great Wall Motors are expected to be selected for SSE 50.
In this adjustment, a number of large market capitalization companies on the Science and Technology Innovation Board and ChiNext are expected to be included in the CSI 300 after they meet the listing time threshold, such as SMIC, CATL, and Mindray Medical.
The “Shanghai and Shenzhen 300” index refers to the stocks of 300 large companies with good representation, good liquidity and active trading in the entire Shanghai and Shenzhen markets. It is also one of the most important indexes in the domestic stock market.
In June 2018, Ningde Times, which was registered on the ChiNext, was only three years away. As of the current press time, its stock price is currently as high as 650.15 yuan, more than 20 times the issue price, and its market value is as high as 15,100 yuan, second only to ICBC’s 1.52. Trillion, and Maotai’s 2.26 trillion, ranking third in China’s A-share market.
In terms of performance, data show that in September this year, CATL’s domestic installed capacity reached 8.87GWh, with a market share of 56.5%, ranking first in China.
In the international market, the battery installed capacity of CATL from January to August this year reached 49.1GWh, and its market share rose from 27.1% in the previous seven months to 30.3%, ranking first in the world.