Recommend rehabilitation medical equipment, lithium battery equipment, semiconductor equipment, panel equipment, photovoltaic equipment, knives, etc.: Xiangyumedicalco.Ltd(688626) (688626), Wuxi Lead Intelligent Equipment Co.Ltd(300450) (300450), Suzhou Maxwell Technologies Co.Ltd(300751) (300751), Wuxi Autowell Technology Co.Ltd(688516) (688516), Shenzhen S.C New Energy Technology Corporation(300724) (300724), Opt Machine Vision Tech Co.Ltd(688686) (688686), Shanghai Friendess Electronic Technology Corporation Limited(688188) (688188), Zhejiang Hangke Technology Incorporated Company(688006) (688006), Guangdong Lyric Robot Automation Co.Ltd(688499) (688499), China National Electric Apparatus Research Institute Co.Ltd(688128) (688128), Shenzhen Xinyichang Technology Co.Ltd(688383) (688383) {68856} (68857} (686859}) (68830}) (68830}) (68830}) (68830}) (68857 {) (686859}) (68830}) (68830}) (68830}) (68830}) (68830 {) (68830}) (68857}) (6859}) (68830}) (68830}) (68830}) (68830}) (68830}) (68830}) (68830}) (6859}.
Key industry trends: the new installed capacity of photovoltaic in 22 years is expected to exceed expectations, and the expansion of LG Chemical’s lithium battery production in the United States is expected to accelerate. 1) Recently, bnef Bloomberg New Energy Finance released the global PV installed capacity forecast for each year from 2022 to 2030. The global PV installed capacity will increase by 228gw (DC) in 2022 and 334gw (DC) in 2030. Bnef’s global installed capacity forecast exceeded our previous expectations. 2) Recently, foreign media electrek reported that the City Council of Holland, Michigan, approved the tax reduction plan for LG energy solution to expand its factory locally, and most local and state taxes were exempted from the factory for up to 20 years. LG energy solution previously said that it would invest US $1.7 billion (about 10.82 billion yuan) to make the production capacity of Holland plant reach 25 GWH, and the current production capacity is only 5 GWH.
Key recommendations: Suzhou Uigreen Micro&Nano Technologies Co.Ltd(688661) – firmly optimistic about the development of probe business, and strongly recommend the layout at the bottom (jointly covered with West China Electronics team). 1) The company plans to raise funds through fixed increase to expand wafer test probe and substrate level probe projects. According to the prediction of VLSI research, the global probe market will reach US $2.741 billion in 2025, and the probe market in China will reach RMB 3.283 billion. MEMS wafer test probes have accounted for about 60% of the probe market. The vast majority of the global wafer probe card market is occupied by foreign enterprises, with large import substitution space. 2) MEMS business continues to grow, with fine metal processing capacity and strong expansibility. The company has established a competitive advantage in the field of acoustic MEMS. In 2021h1, the revenue of MEMS fine parts of the company increased by about 34.9% year-on-year, and is expected to continue to grow in the future; In the long run, the company’s fine metal processing capacity can be expanded. According to the company’s announcement, it is expected to expand to the medical field, industrial connectors, new energy vehicles and other fields in the future, with long-term growth space. 3) The company’s Q4 single quarter performance growth has declined, but with the rapid volume and penetration of semiconductor test probes in the client, the company will still maintain a rapid development momentum.
Investment suggestions: 1) recommend the leader of rehabilitation medical equipment Xiangyumedicalco.Ltd(688626) . 2) Lithium battery detection has become a new growth point of machine vision, focusing on the layout of enterprises in the whole industry Opt Machine Vision Tech Co.Ltd(688686) . 3) The downstream space of lithium battery equipment is large, and the equipment company has strong certainty. It is recommended to Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Zhejiang Hangke Technology Incorporated Company(688006) , China National Electric Apparatus Research Institute Co.Ltd(688128) , Shenzhen United Winners Laser Co.Ltd(688518) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) . 4) Focus on high-quality panel equipment enterprises Suzhou Hyc Technology Co.Ltd(688001) , Shenzhen Xinyichang Technology Co.Ltd(688383) . 5) The laser cutting control system faucet Shanghai Friendess Electronic Technology Corporation Limited(688188) is recommended. 6) Hjt is expected to become the next generation of mainstream battery chip technology, and Suzhou Maxwell Technologies Co.Ltd(300751) , Wuhan Dr Laser Technology Corp.Ltd(300776) are recommended. 7) Focus on high-quality tool enterprises China Tungsten And Hightech Materials Co.Ltd(000657) , Oke Precision Cutting Tools Co.Ltd(688308) , Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) , Shareate Tools Ltd(688257) ; 8) Other concerns: Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Leader Harmonious Drive Systems Co.Ltd(688017) , Hunan Baili Engineering Sci & Tech Co.Ltd(603959) etc. (Note: Xiangyumedicalco.Ltd(688626) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shanghai Friendess Electronic Technology Corporation Limited(688188) are jointly covered by Huaxi machinery, medicine, electronics and small and medium-sized teams respectively).
Risk tip: the fluctuation of economic growth increases; The order acquisition of relevant enterprises is less than expected
