At the end of April 2022, we opened a special column called "when the weather turns good, we will copy the bottom 2022". By the end of June, we have focused more on the new energy industry tracks, including the upstream and downstream industrial chain of lithium batteries for new energy vehicles, leading enterprises of lithium minerals and lithium salts, including the upstream and downstream industrial chain of photovoltaic solar energy. In particular, we pay more attention to silicon materials, as well as the upstream and downstream industrial chain of wind power generation, Finally, we added green power generation assets.
It should be said that from the beginning of May to the end of June 2022, the stock prices of the leading enterprises of these new energy tracks that we have focused on and analyzed have risen sharply. However, if we look at the index of the whole market, if there is a rebound at the bottom, and further to the reversal, in addition to new energy, it is also necessary for some other industrial tracks to take over the baton of new energy.
The so-called industry sector rotation, it should be said that in the middle of June 2022, we saw that the Baijiu industry began to start, and then the food processing began to perform, including the concept of duty-free shop that we talked about before. In the late June, it also began to have a relatively large increase. How do we choose to enter the market for some funds that have been emptied in the early stage? It's actually very difficult.
On June 28th, 2022, we saw a new sign that a large amount of funds had entered the semiconductor industry track, and some leading semiconductor enterprises had increased in large quantities. I think it is quite possible that before the second quarter report, semiconductors will also participate in the rotation of the sector. In fact, in the column "the tide turns over, bottom reading 2022", on May 11th, in addition to new energy, The semiconductor industry has also been specifically mentioned, but the focus of the entire market seems to be on new energy, so there is no time to take into account semiconductors, so it was quiet at the bottom for a long time.
The most typical semi-conductor was in the historical valuation bottom area when it was analyzed on May 11. The valuation bottom is not only compared with itself, but also includes the P / E ratio of its valuation percentile and that of the whole market. Whether it is 20 or 30 primary industries or more than 120 secondary industries of Shenwan, it is also at a relatively low level, At the end of June, we saw that semiconductors have a high probability of participating in the plate rotation of a new stage. We also need to cheer up
