The core combination of the core combination of the core combination of the core combination of the ”Core combination of the core combination of the ” Wuxi Lead Intelligent Equipment Co.Ltd(300450) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\the ‘ Yingkou Jinchen Machinery Co.Ltd(603396) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\2 , Zhejiang Shuanghuan Driveline Co.Ltd(002472) , Zhejiang Cfmoto Power Co.Ltd(603129) Jade Bird Fire Co.Ltd(002960) Ningbo Lehui International Engineering Equipment Co.Ltd(603076) China Railway Hi-Tech Industry Corporation Limited(600528) Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300)
A pool of key shares has focused on a pool of key shares in a pool of focused shares that has ‘s Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\, Tdg Holding Co.Ltd(600330) , Zhejiang Jinggong Science & Technology Co.Ltd(002006) Sinoseal Holding Co.Ltd(300470) Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) Shanghai Friendess Electronic Technology Corporation Limited(688188) Guangzhou Grg Metrology&Test Co.Ltd(002967) Hangcha Group Co.Ltd(603298) Anhui Heli Co.Ltd(600761) Canny Elevator Co.Ltd(002367) Jack Sewing Machine Co.Ltd(603337) Guangzhou Kdt Machinery Co.Ltd(002833) Beijing Tianyishangjia New Material Corp.Ltd(688033) Hunan Kaimeite Gases Co.Ltd(002549) Guangdong Huate Gas Co.Ltd(688268) Vt Industrial Technology Co.Ltd(300707)
[last week’s report] [ Ficont Industry (Beijing) Co.Ltd(605305) ] depth: the leader of wind power high-altitude safety operation equipment, expand in many fields and build a platform company. [ Wuxi Shangji Automation Co.Ltd(603185) ] lock price of convertible bonds; Build 100000 tons of silicon material, “silicon wafer + silicon material + industrial silicon” integrated scarce target.
[ Wuxi Autowell Technology Co.Ltd(688516) ] reissue equity incentive within half a year to show confidence, raise assessment objectives and exceed expectations in 2021. [ Shenzhen S.C New Energy Technology Corporation(300724) ] promote employee stock ownership + equity incentive in recent half a year to demonstrate the confidence of the company; Look forward to another breakthrough. [ Hangzhou Honghua Digital Technology Stock Company Ltd(688789) ] the performance is in line with expectations, and the demand is expected to break out rapidly after the recovery of the epidemic. [ Leader Harmonious Drive Systems Co.Ltd(688017) ] in 2021, the net profit excluding non-profit increased by 219%, and the growth rate is expected to continue under the release of production capacity. [ Yijiahe Technology Co.Ltd(603666) ] deeply bind core talents to help the company’s long-term development.
[core view] it is suggested to add new energy equipment: photovoltaic / wind power / lithium battery equipment, and continue to be optimistic about semiconductor equipment
[photovoltaic / wind power equipment] the second batch of large-scale wind power photovoltaic based underground power generation. By 2030, it is planned to build a scenery base with a total installed capacity of about 455gw. Including: 200GW in the 14th five year plan and 255gw in the 15th five year plan. Longji silicon wafer rose again this week by 0.1 ~ 0.12 yuan / piece, an increase of about 2%, and the photovoltaic demand is upward Wuxi Shangji Automation Co.Ltd(603185) proposed 100000 tons of high-purity crystalline silicon + 150000 tons of high-purity industrial silicon project. “Silicon wafer + silicon material + industrial silicon” integrated layout Wuxi Autowell Technology Co.Ltd(688516) , Shenzhen S.C New Energy Technology Corporation(300724) issued equity incentive / employee stock ownership plan to demonstrate the company’s confidence in development. The photovoltaic equipment continues to recommend Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Wuxi Shangji Automation Co.Ltd(603185) , Wuxi Autowell Technology Co.Ltd(688516) , Suzhou Maxwell Technologies Co.Ltd(300751) , Yingkou Jinchen Machinery Co.Ltd(603396) , Shenzhen S.C New Energy Technology Corporation(300724) , etc.
China’s offshore wind power bidding has significantly accelerated recently. It is expected that the offshore wind power bidding will exceed 15gw in 2022, with a year-on-year increase of more than 21 times. The valuation of major wind power companies in 2022 has entered the range of 20-30 times. It is recommended that Zhejiang Windey Co.Ltd(300772) , Riyue Heavy Industry Co.Ltd(603218) , Ficont Industry (Beijing) Co.Ltd(605305) , Asian Star Anchor Chain Co.Ltd.Jiangsu(601890) , and is optimistic about Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , Ningbo Orient Wires & Cables Co.Ltd(603606) , Haili wind power, Ming Yang Smart Energy Group Limited(601615) , etc.
[lithium battery equipment] Tesla plans to open a new factory in Shanghai, which will produce 2 million vehicles per year (more than 500000 in 2021). In January 2022, the sales volume of new energy vehicles was 431000, with a year-on-year increase of 141%. The penetration rate of new energy vehicles was 17%, with a year-on-year change of 10 PCT and a month on month change of – 2 PCT. The passenger Association predicts that the sales volume of new energy vehicles will be 6 million in 2022, with a penetration rate of 22%. We are optimistic about the equipment opportunities brought by new technologies such as 4680 large cylindrical lithium battery, lamination machine, chemical capacity division and power exchange. To recommend a lithium powered device leader Wuxi Lead Intelligent Equipment Co.Ltd(300450) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\, Jdm Jingda Machine(Ningbo)Co.Ltd(603088) etc.
[semiconductor equipment] in 2021, the global semiconductor revenue increased by 25.1%. SIA predicts that the chip factory will continue to expand production, and the global semiconductor sales will increase by 8.8% in 2022. Recommend Robotechnik Intelligent Technology Co.Ltd(300757) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , and look forward to Naura Technology Group Co.Ltd(002371) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Wuhan Jingce Electronic Group Co.Ltd(300567) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , Pnc Process Systems Co.Ltd(603690) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , etc.
[industrial gas] affected by the conflict between Russia and Ukraine, the price of rare gas has accelerated in the short term. By the end of 2021, Ukraine had a production capacity of 350000 m3 / a of neon gas, 10001200 m3 / a of xenon gas and 1100012000 m3 / a of krypton gas, accounting for 72% / 37% / 34% of China’s current production capacity respectively. On February 25, 2022, the ex factory price of krypton gas was 31500 yuan / m3, a year-on-year increase of 266%, an increase of 24% over the beginning of the year, and the ex factory price of xenon gas was 310000 yuan / m3, a year-on-year increase of 237%, an increase of 12% over the beginning of the year. It is estimated that China’s industrial gas market space is nearly 200 billion yuan, which is expected to cultivate large market value companies, and the market value of overseas comparable companies is Tsinghua Tongfang Co.Ltd(600100) billion; We are optimistic about the domestic substitution of electronic special gas. The short-term price fluctuation caused by the conflict between Russia and Ukraine will benefit China industrial gas company.
Recommend Hunan Kaimeite Gases Co.Ltd(002549) , and look forward to Hangzhou Oxygen Plant Group Co.Ltd(002430) , Guangdong Huate Gas Co.Ltd(688268) , Suzhou Jinhong Gas Co.Ltd(688106) .
[construction machinery] in January, the sales volume of excavators was 15607, a year-on-year decrease of 20.4%; Among them, the export sales volume was 7325 units, with a year-on-year increase of 105%, and the average sales volume increased by 3% month on month compared with Q4 of 2021, exceeding market expectations. In January, the financial data achieved a good start, with new RMB loans increasing by 11% year-on-year, and the stock of social finance scale increasing by 10.5% year-on-year, all exceeding market expectations. With the commencement of major projects, the decline in Q2 is expected to narrow. The sales volume of excavators will be about 310000 in 2022, a year-on-year decrease of about 10%. Recommend Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zhejiang Dingli Machinery Co.Ltd(603338) , Hangcha Group Co.Ltd(603298) , Xcmg Construction Machinery Co.Ltd(000425) ; Watch Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Shaanxi Construction Machinery Co.Ltd(600984) , Anhui Heli Co.Ltd(600761) , Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) .
[oil and gas equipment] ice oil distribution exceeds US $90 / barrel, reaching an 8-year high. We recommend Yantai Jereh Oilfield Services Group Co.Ltd(002353) , Sinoseal Holding Co.Ltd(300470) , and look forward to China Oilfield Services Limited(601808) , etc.
[inspection and testing] recommended Centre Testing International Group Co.Ltd(300012) ; Continue to be optimistic about Guangzhou Grg Metrology&Test Co.Ltd(002967) , Shenzhen Anche Technologies Co.Ltd(300572) , China Building Material Test & Certification Group Co.Ltd(603060) , Suzhou Sushi Testing Group Co.Ltd(300416) .
[consumption upgrading / overseas export] it is expected that the cost end of the export industrial chain will be marginally improved. In January, the industry’s large displacement two wheeled vehicles were + 17% year-on-year, and the company’s 250cc + two wheeled vehicles were + 42% year-on-year. Highlight Zhejiang Cfmoto Power Co.Ltd(603129) , Ningbo Lehui International Engineering Equipment Co.Ltd(603076) , Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) , Zhejiang Dingli Machinery Co.Ltd(603338) , Hangzhou Great Star Industrial Co.Ltd(002444) , Hangzhou Youngsun Intelligent Equipment Co.Ltd(603901) , Guangdong Jinma Entertainment Corporation Limited(300756) .
[fire electronics] the State Council issued the notice on the national emergency system planning for the 14th five year plan, emphasizing that the key points of the 14th five year plan include emerging business forms such as electric vehicles, electric bicycles and electrochemical energy storage facilities, and urging catering and other industries to strive to install gas leakage alarm devices. Recommend Jade Bird Fire Co.Ltd(002960) ; Watch Guoanda Co.Ltd(300902) .
[digital printing] Xiyin plans to invest 15 billion yuan to build the “Xiyin Bay district supply chain headquarters” in Guangzhou, which is expected to accelerate the rapid increase of China’s digital printing penetration. Key recommendation Hangzhou Honghua Digital Technology Stock Company Ltd(688789) .
Risk tips: 1) infrastructure and real estate investment is lower than expected; 2) Covid-19 epidemic spread beyond the expected risk.
