Market review:
The new material sector fell 0.86% last week, while the Shanghai and Shenzhen 300 index rose 3.14% in the same period. The new material sector lagged behind the market by 4.0 percentage points. In terms of individual stocks, 28 of the 97 stocks in the plate rose, and 19 outperformed the market. The top five increases were Ningxia Orient Tantalum Industry Co.Ltd(000962) (24.06%), Shenzhen Wote Advanced Materials Co.Ltd(002886) (21.82%), Luoyang Glass Company Limited(600876) (18.75%), the United States Hangzhou First Applied Material Co.Ltd(603806) (11.19%) and Lens Technology Co.Ltd(300433) (8.88%); the top five decreases were Jiangsu Boiln Plastics Co.Ltd(301003) (- 11.14%), Hubei Feilihua Quartz Glass Co.Ltd(300395) (- 9.87%), Guangdong Huate Gas Co.Ltd(688268) (- 8.76%), Hangzhou Greenda Electronic Materials Co.Ltd(603931) (- 8.66%) and Shenzhen Fastprint Circuit Tech Co.Ltd(002436) (- 8.29%).
Industry hot spots:
New energy materials: on December 7, Sichuan Development Lomon Co.Ltd(002312) announced that the company and zekou Street Office of Qianjiang City signed the industrial project investment framework agreement on December 6, 2021. Based on the comprehensive advantages of Qianjiang City in project land, location and policy, the company plans to build a 100000 t / a new energy material precursor iron phosphate project in Qianjiang City. According to the agreement, Sichuan Development Lomon Co.Ltd(002312) adopts the way of establishing a joint venture, registers and establishes an independent legal person company in Qianjiang City, and invests in the construction of 100000 t / a new energy material precursor iron phosphate project, which covers an area of about 300 mu. It is planned to be completed and put into operation by the end of 2023. On December 3, the company also issued an announcement on the investment and establishment of a wholly-owned subsidiary. The company plans to invest in the construction of 200000 t / a new energy material project in Deyang ABA Ecological Economic Industrial Park. In order to promote the implementation of the above-mentioned new energy material projects, The company plans to establish a wholly-owned subsidiary Deyang Sichuan Development Lomon Co.Ltd(002312) new materials Co., Ltd. (tentative name) with its own funds, with a registered capital of RMB 100 million. Sichuan Development Lomon Co.Ltd(002312) promoting the implementation of new energy materials projects is in line with the direction of national industrial policy support and the company’s “scarce resources + technological innovation” Development direction of multi resource circular economy. This will further promote the company to improve its industrial chain, optimize its product structure, enhance its competitiveness and consolidate its leading position in the industry.
Optoelectronic fluorosilicone electronic new materials: on December 7, Jining District, Wulanchabu City, Inner Mongolia, Chahar Industrial Park and Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) Materials Co., Ltd. held the strategic agreement on jointly building fluorosilicone electronic new material base and the signing ceremony of fluorosilicone electronic new material project. The signed fluorosilicone electronic new material project is planned to have a total investment of 2 billion yuan and a planned area of 729 mu. After it is completed and put into operation, it will build a joint production project with an annual output of 7200 tons of nitrogen trifluoride, 1000 tons of tungsten hexafluoride, 3000 tons of hexafluoroethane and carbon tetrafluoride, 500 tons of hexafluorobutadiene and 10000 tons of upstream basic raw materials, as well as a R & D pilot plant, The annual sales revenue is about 2.2 billion yuan, the profit and tax is about 720 million yuan, and about 850 people can be resettled. At the same time, the two sides will carry out in-depth cooperation with their own advantages. Through 5-10 years of efforts, Wulanchabu fluorine silicon electronic new material industrial base will be built into a first-class fluorine silicon electronic new material base serving Beijing, Tianjin and Hebei and radiating the whole country. At that time, the output value will exceed 20 billion yuan, the profit and tax will be about 3.8 billion yuan, and more than 2700 people will be resettled, which will promote the transformation and upgrading of regional economy, Improve the comprehensive competitiveness of the new fluorosilicone electronic material base, add vitality to the industrial economy of Jining District, and contribute to the high-quality economic and social development of Jining district and even Ulanqab city. Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) is a leading enterprise in the field of Microelectronic Materials in China. For many years, it has been committed to the R & D and production of high-purity electronic materials. Its products occupy 40% of China’s market share and are exported to Europe, America, Japan, South Korea and other places. Wulanchabu fluorosilicone electronic new material base is an important strategic measure to implement the national implementation of “import substitution” of integrated circuits. This measure of the company will rely on the origin advantages of Wulanchabu fluorosilicone raw materials and make every effort to build Wulanchabu fluorosilicone electronic new material base around extending and strengthening the chain.
Risk factors: downstream demand is less than expected; The domestic substitution process of core materials is not as expected; The construction progress of capacity under construction is less than expected; The price of raw materials fluctuates greatly.
