In 2021q4, the market value of the fund’s heavy positions in the machinery sector increased significantly, and the allocation proportion of individual machinery stocks rebounded. As of December 31, 2022, 5439 active partial stock public funds in the whole market, including common stock, partial stock hybrid, flexible allocation and balanced hybrid RMB funds, with a total scale of 6.03 trillion yuan, are selected as the research object to analyze the changes of machinery industry companies in the top ten heavy positions of public funds. In the context of China’s continuous promotion of the upgrading of manufacturing industries such as high-end manufacturing and intelligent manufacturing, as well as the formulation of carbon neutralization and carbon peak goals, investment opportunities in hard science and technology, new energy, specialized and special new fields continue to emerge, the mechanical equipment industry directly benefits, and the outlook of relevant industrial chains is expected to continue. In 2021q4, the market value of heavy positions of partial equity funds in the machinery industry totaled 146.792 billion yuan, an increase of 81.73% month on month; It accounted for 3.50% of the total fund scale, with a month on month increase of 0.31pct.
The market value of positions in special machinery segments remained high, and the fund focused on adding positions in machine tool equipment and new energy industry chain related sectors. In terms of the allocation of machinery segments, the top five sub industries with 2021q4 position market value are other special machinery, photovoltaic equipment, services Siasun Robot&Automation Co.Ltd(300024) , instruments and basic parts. The proportion of position market value in the total position market value of machinery segments is 15.95%, 11.15%, 11.10%, 10.45% and 10.22% respectively. 2021q4 fund focused on adding positions in machine tool equipment, metal products and photovoltaic equipment industries, and the number of shares increased by 16.73%, 10.57% and 3.31% month on month respectively; Lithium battery equipment, textile and garment machinery and other 8 industries were reduced.
2021q4 fund significantly increased its positions in stocks in high-end manufacturing and intelligent manufacturing related industrial chains. A total of 165 mechanical stocks in 2021q4 received heavy positions of partial stock public funds, an increase of 36 stocks compared with 2021q3; The stock market value of the top ten heavy positions of machinery totaled 74.137 billion yuan, an increase of 67.57% month on month; Zhuzhou Crrc Times Electric Co.Ltd(688187) and Suzhou Maxwell Technologies Co.Ltd(300751) replaced Sany Heavy Industry Co.Ltd(600031) and Shenzhen S.C New Energy Technology Corporation(300724) into the top ten heavy warehouse machinery stocks. In terms of the change range of the number of shares held, the obvious positions of 2021q4 fund include Wuhan Huazhong Numerical Control Co.Ltd(300161) (+ 77.98%), Shenzhen Colibri Technologies Co.Ltd(002957) (+ 52.52%), Henan Huanghe Whirlwind Co.Ltd(600172) (+ 50.92%), Qingdao Gaoce Technology Co.Ltd(688556) (+ 32.36%), Yijiahe Technology Co.Ltd(603666) (+ 31.50%), Jingjin equipment (+ 21.00%), Jiangsu Lixing General Steel Ball Co.Ltd(300421) (+ 20.48%), Guangdong Dongfang Precision Science & Technology Co.Ltd(002611) (+ 18.67%), Guangzhou Kdt Machinery Co.Ltd(002833) (+ 17.40%), Shaanxi Construction Machinery Co.Ltd(600984) (+ 15.94%); Those with large reduction include Xcmg Construction Machinery Co.Ltd(000425) (- 37.42%), Shenzhen Yinghe Technology Co.Ltd(300457) (- 35.90%), Ficont Industry (Beijing) Co.Ltd(605305) (- 29.35%), Sinomach Precision Industry Co.Ltd(002046) (- 29.35%), Shanghai Weihong Electronic Technology Co.Ltd(300508) (- 27.79%), Ningbo Baosi Energy Equipment Co.Ltd(300441) (- 25.78%), Neway Valve (Suzhou) Co.Ltd(603699) (- 24.39%), Quick Intelligent Equipment Co.Ltd(603203) (- 22.83%), Guangdong Senssun Weighing Apparatus Group Ltd(002870) (- 20.05%), Suzhou Sushi Testing Group Co.Ltd(300416) (- 18.43%).
Investment suggestions: long term optimistic about the investment opportunities of mechanical equipment industry under the background of advanced manufacturing and energy revolution. The key investment directions include several main lines such as hard technology, new energy and specialized and special new. It is recommended to recommend photovoltaic equipment, new energy related industrial chain, specialized and special new enterprises and other sub sectors. In terms of benefit targets, lithium battery equipment field Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Shenzhen United Winners Laser Co.Ltd(688518) , etc; Photovoltaic equipment field Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Suzhou Maxwell Technologies Co.Ltd(300751) , Shenzhen S.C New Energy Technology Corporation(300724) , Wuhan Dr Laser Technology Corp.Ltd(300776) , Wuxi Autowell Technology Co.Ltd(688516) , Kbc Corporation Ltd(688598) , Beijing Tianyishangjia New Material Corp.Ltd(688033) etc; 3C automation field Bozhon Precision Industry Technology Co.Ltd(688097) , Shenzhen Colibri Technologies Co.Ltd(002957) ; New energy power exchange equipment Suzhou Harmontronics Automation Technology Co.Ltd(688022) , Shandong Weida Machinery Co.Ltd(002026) ; Machine tools and cutting tools Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) , Ningbo Haitian Precision Machinery Co.Ltd(601882) , Kede Numerical Control Co.Ltd(688305) , Qinchuan Machine Tool & Tool Group Share Co.Ltd(000837) , Nantong Guosheng Intelligence Technology Group Co.Ltd(688558) , Jiangsu Yawei Machine Tool Co.Ltd(002559) , China Tungsten And Hightech Materials Co.Ltd(000657) , Oke Precision Cutting Tools Co.Ltd(688308) , Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) ; Specialized enterprise Shareate Tools Ltd(688257) .
Risk tip: the risk of industrial policy change; Risks of intensified competition in subdivided industries; The risk of sharp rise in the price of raw materials; The risk that the investment in manufacturing industry is lower than expected; The risk of new technology development falling short of expectations.
