Sales of new energy vehicles have soared, benefiting lithium battery equipment
According to the China Automobile Industry Association, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in January were 45.2/431000 respectively, with a year-on-year increase of 1.3/1.4 times respectively. The production and sales of pure electric vehicles and plug-in hybrid vehicles still maintained a high growth trend. The booming production and marketing of new energy vehicles will continue to promote the willingness of lithium battery manufacturers to expand production and drive the demand for lithium battery equipment, intelligent warehousing and logistics and industrial Siasun Robot&Automation Co.Ltd(300024) . Focus on Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Shenzhen Yinghe Technology Co.Ltd(300457) etc. in the field of lithium battery equipment; The intelligent warehousing and logistics industry focuses on Bluesword Intelligent Technology Co.Ltd(688557) , New Trend International Logis-Tech Co.Ltd(300532) , Noblelift Intelligent Equipment Co.Ltd(603611) and so on; The industrial Siasun Robot&Automation Co.Ltd(300024) industry focuses on Estun Automation Co.Ltd(002747) , Shenzhen Inovance Technology Co.Ltd(300124) , etc.
The industry boom continues to promote the independent control of China's semiconductor equipment
According to SIA, the global semiconductor sales reached US $555.9 billion in 2021, with a year-on-year increase of 26.2%, and the shipment volume reached 1.15 trillion. In terms of demand, the growth rate of automobile, consumer and computer semiconductors is the highest, with a year-on-year increase of 33.1% in 2021. On the other hand, China remains the world's largest semiconductor market, with sales of US $192.5 billion in 2021, an increase of 27.1%, accounting for 34.6% of the world. The past decade is the era of smart phones, and the next decade is the era of electric and intelligent vehicles. Electric and intelligent vehicles need considerable sensors, while intelligent cockpit, vehicle communication, vehicle road coordination, electronic technology instead of mechanical technology will significantly stimulate the demand for semiconductors. With the continuous development of integrated circuit manufacturing to more advanced technology, the scale of integrated circuit per unit area is expanding, the three-dimensional structure inside the chip is becoming more and more complex, and the process steps of advanced process will be much higher than those of mature process. With the increase of the proportion of advanced processes, the growth rate of the semiconductor equipment industry may be higher than that of the semiconductor industry as a whole. In the field of semiconductor equipment, it is suggested to focus on Advanced Micro-Fabrication Equipment Inc.China(688012) , Naura Technology Group Co.Ltd(002371) , shengmei Shanghai, etc.
Industry rating and opinion update this week
China's manufacturing industry is in a period of continuous transformation and upgrading, which will bring broad market space to the high-end equipment industry and maintain the industry's "overweight" rating. It is recommended to focus on industrial automation, self controlled semiconductor equipment, carbon neutralization, accelerating new energy industry and benefiting photovoltaic equipment and lithium battery equipment, urban rail equipment benefiting from new infrastructure, and oil service industry gradually recovering under the promotion of energy security.
This week's core recommendations
Advanced Micro-Fabrication Equipment Inc.China(688012) : the company's leading position in the etching field of semiconductor equipment and the gradual large-scale production of the company's MOCVD equipment in the field of miniled. The company is committed to building a platform company and will gradually grow into an influential semiconductor equipment company in the world.
China Oilfield Services Limited(601808) : as the leader of offshore oil and gas exploration services, the company occupies the advantages of technology and scale, and has strong profit elasticity in the recovery period of global oil service; China has benefited from the steady increase in the certainty of "three barrels of oil" capital expenditure under the national energy security strategy, and the company is expected to enter the release period of profit flexibility.
Dongguan Yiheda Automation Co.Ltd(301029) : relying on the advantages of localized services, the applicability of various automation equipment in local industries and the supporting advantages of China's manufacturing system, the company continues to maintain the improvement trend of China's market share in the context of the upgrading of China's manufacturing industry and the rise of emerging industries.
Risk tips
The macroeconomic boom is lower than expected; China's fixed asset investment is less than expected; The implementation of policies in key industries is less than expected; There is uncertainty in the company's promotion of relevant matters.
