2023年锂电市场的关键词是什么？“结构性产能过剩”、“去库存”，这两大关键词成为锂电企业在过去一年中绕不过的坎。 而这些问题的出现，成为碳酸锂价格和锂电池价格持续下探的导火索。在国内新能源汽车市场“价格战”日趋激烈的今天，锂电企业们则是受到产品价格探底的打击，和新能源车企受到的伤害程度并无二致。 锂电池价格探底，概念股集体下挫 过去几年，锂电池厂商站在了新能源汽车市场的肩膀上，吃足了市场带来的巨大红利。特别是在2020年及2021年，国内头部锂电池厂商产销两旺，量价齐升，直接将股价推向了“山顶”之上。 然而，2022年下半年以来，锂电股高处不胜寒，股价持续回调。进入2024年，锂电股股价加速下行，其中 $宁德时代(300750)$ 、国轩高科(002074.SZ)、 $中创新航(03931)$ 和亿纬锂能(300014.SZ)股价于近日均下探至过去几年以来的新低，市场人气大不如前。 锂电产业链供需失衡，锂电池价格由盛转衰，厂商们卖不出“好价钱”，成为锂电股股价跌跌不休的背后因素。 鑫椤资讯数据显示，于2024年1月25日，磷酸铁锂方形动力电芯均价为0.38元/瓦时，已逼近二三线厂商的成本线，三元方形动力电芯0.475元/瓦时，均较去年同期腰斩，并且处于历史以来最低点。上游领域的碳酸锂价格也因为产能过剩而出现大幅下降，同花顺金融数据显示，国内电池级碳酸锂平均价在1月25日跌至9.8万元/吨，为2021年8月以来新低。 碳酸锂是锂电池的核心原材料，在下游主要应用在新能源汽车及储能等领域。锂价涨势已去的根本原因，在于新能源汽车锂电池行业供大于求的局面正在扩大，并且这种局面在短期内很难出现根本性转变。 产能过剩下，诸

[For Hong Kong Investors Only] The economic restructuring in 2023 brought some conflicts and pressures, which are still present in 2024. However, there are some bright spots. For example, the overseas Fed rate hike cycle is believed to have bottomed out. Meanwhile, it is expected that the coordination between fiscal and monetary policies will be more effective this year. As a result, this year's economic recovery is likely to be relatively modest in terms of both confidence and growth. At the same time, valuations seem relatively low now, reflecting the market's pessimism. As such, any policy overshoots are likely to trigger a better rebound in the market. In this regard, Global X ETFs invited Zhou Yuan (Daniel), Senior Investment Analyst and Fund Manager, and Bing Tongtong (Brenda), Head

主要看周线，月线。 这种情况看日线都没有什么用。

[For Hong Kong Investor Only] The Solactive China Little Giant Index combines robust criteria for stock selection and market performance. Please see the key index methodology as below: 1. It includes companies that have been selected by the Chinese Ministry of Industry and Information Technology as "#LittleGiants," highlighting their potential for growth and innovation. 2. All constituent stocks are listed on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange 3. The top 100 companies were selected based on market capitalization 4. Stocks with the highest average return on equity (#ROE) over the past three fiscal years, ranking within the top 50, are included as constituents, emphasizing profitability and shareholder value. Global X China Little Giant ETF (2815) offers a un

$上证指数(000001.SH)$ 又见3000点保卫战，这回守得住吗？

[For Hong Kong Investor Only] The Solactive China Little Giant index combines robust criteria for stock selection and market performance. Here's why it stands out: It includes companies that have been selected by the Chinese Ministry of Industry and Information Technology as "Little Giants," highlighting their potential for growth and innovation. All constituent stocks are listed on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange, ensuring transparency and accessibility for investors. The index comprises the top 100 companies based on their total market capitalization, providing a diversified representation of the market. Stocks with the highest average return on equity (ROE) over the past three fiscal years, ranking within the top 50, are included as constituents, emph

[For Hong Kong Investor Only] As the stage of China's economy transforms from rapid growth to high-quality development, and the economic growth slows down, the weakening advantage of traditional industries has caused great changes to the supply-demand structure. In recent years, deglobalization, Sino-US trade friction and sluggishness in global economy have also incurred risks and challenges. The proportion of manufacturing industry in foreign direct investments has decreased from 70.95% in 2004 to 19.44% in 2021, and China's degree of dependence on foreign trade has also decreased from 62.63% in 2006 to 33.71% in 2021*Accelerating independent innovation in science and technology and developing specialized and sophisticated enterprises is the key to realizing the transformation of China's

[For Hong Kong Investor Only] As China’s economy is transforming to the stage of high-quality development, the requirement for enterprises has transformed from the emphasis on expanding and transformation of scale to the focus on improving the capability of innovation. As the leader of SMEs, specialized and sophisticated "Little Giant” enterprises undertakes the key mission to solve the problems of restriction to core technologies in key fields and void in the high-tech field. According to the data of Patsnap, The invention patent density of "little giants" is nearly three times higher than that of the enterprises on the NSE. In comparison, the invention patent density of the enterprises listed on the GEM is 70.6 effective invention patents per 1,000 persons, and that of the enterprises li

这几天市场最热的，无疑是《完蛋！我被美女包围了！》，现象级爆火。该类型真人互动游戏和短剧存在共通性，游玩体验和短剧观看体验类似，在游戏过程中仅有少量的简单互动环节，其余均为视频播放过程。唯一特点在于，《完蛋》全程采用第一人称视角，增加用户游玩沉浸感。短剧具有改编成真人互动式游戏的基因，由《完蛋》制作成的剧集在B站上获得高播放量也可证明该点。《完蛋》出圈以来，真人恋爱又带火了短剧这个新赛道。01短剧爆火短剧几年前就有了，今年因为快生活、碎片化、经济不景气等影响，微短剧爆了！据巨量引擎，2023年短剧日均投放量消耗规模自年初春节突破 3000 万后，保持快速扩张速度。截至 2023 年 9 月日均规模保持在 5000 万以上。到11月为止，共有4000+微短剧备案，国内短剧日均流水高达8000万。根据Tech星球数据，目前中国市场短剧流水日均8000万，一年流水接近300亿元，付费短剧大约为180多亿元。02优势在哪？据国家广电：短剧通常采用单集时长 15—30 分钟的系列剧、集数在 6 集内的系列单元剧、20 集内的连续剧、周播剧等多种形态。短剧相较传统剧集，通常故事节奏更快，在较短篇幅内完成故事情节描述，迎合现代社会快节奏下的碎片化观看需求。短剧和传统电视剧比，有非常多优势，比如：1）成本低制作快，一部百集作品成本介于10-30万之间，制作时间一个月内。2）资金周转率高，一部好的作品出版当天即可回本。3）题材多代表受众面广，无论喜欢什么题材作品几乎都能找到。情节简单爽点密集，主打一个嗨字，迎合快节奏生活。中文在线旗下的reelshort，这种成功的出海app，最近两个月更是形成现象级产品，月流水高达千万美元。03谁在看？短剧受众的年龄段以 18-40 岁为主，女性占多数。2022 年短剧观众中女性占比约为68%，较 2021 年的 62%比例有一定幅度上升。从题材看，202

2023年，是旅游行业重新回暖的一年。据文旅部消息，在9月29日至10月6日的十一黄金周期间，国内旅游收入7534.3亿元，按可比口径同比增长129.5%，为2020年疫情以来最佳。出游人数达到8.26亿人次，同比增长71.3%，人均旅游开支912元，较2019年同期上升9.8%。 回暖的同时，也迎来一些新变化。在携程集团CMO孙波看来，以今年十一超级黄金周为分水岭，接下来的旅游经济，可能将进入“理性繁荣”的新阶段。与之相应的是，用户心态变了，消费偏好变了。 在95后、00后群体中，追求独特体验、探索之旅的消费需求已成主流，远超传统的休闲度假。临近双十一，旅游市场的囤货经济将再次迎来高峰，出境游产品大幅回归：南北极、新西兰、肯尼亚等新兴出境游目的地的定制化深度游、邮轮、当地特色体验项目等扎堆上新。 与此同时，市场竞争也有新的变化。短视频、种草社区等流量平台借助流量和内容优势进军酒旅行业，给消费者带来新的选择。虽然热度很高，但一段时间内，流量平台无法对OTA平台构成实质威胁，它们在供应链端和交易履约端的基础十分薄弱。 另一方面，OTA平台也在积极扩大内容、流量的版图，创造更大增量，双方正在竞争中实现螺旋上升。 在诸多变化面前，旅游行业迎来新的考题。各家企业该如何作答？上周，携程在新加坡举办全球合作伙伴峰会，率先“交卷”。它提出了“AI、内容、ESG”三重创新的解决思路，来增强自身和行业的内生式增长力量。  货品逻辑重构      ‍‍‍‍‍‍‍‍‍ 艾媒咨询数据显示，2022年中国在线旅游用户规模达4.23亿人，己恢复至疫情前水平，今年上半年旅游业总收入正在快速反弹。旅游产品线上与线下的消费边界逐渐模糊，线上文旅产品在浏览订购服务上较为高效、便捷，但线下文旅服务的体验仍难以取代。 ‍ 今年以来，贵州村超、淄博烧烤、天津大爷等走红，反映出