In November, the manufacturing landscape warmed up, and the year-on-year growth rate of Siasun Robot&Automation Co.Ltd(300024) output picked up. According to the data of the National Bureau of statistics, China’s Siasun Robot&Automation Co.Ltd(300024) production in November was 31915 sets / set, with a year-on-year growth of 27.9%, 17.3 percentage points higher than the year-on-year growth in October. From January to November, China’s Siasun Robot&Automation Co.Ltd(300024) production increased by 49% year-on-year to 330100 sets / set, the cumulative year-on-year growth rate remained at a high level, and the production reached a record high in the same period. Affected by multiple factors such as tight power supply, chip shortage and high price rise of some raw materials, the supply chain of Siasun Robot&Automation Co.Ltd(300024) industry has been impacted to a certain extent. The year-on-year growth rate of China’s Siasun Robot&Automation Co.Ltd(300024) output in September and October was 19.5% and 10.6% respectively, which was at a relatively low level in the year. With the gradual appearance of the effects of a series of recent policies and measures to strengthen energy supply guarantee and stabilize market prices, the PMI of China’s manufacturing industry in November was 50.1%, an increase of 0.9 percentage points over the previous month, ending the situation that it had been below the critical point for two consecutive months. Among them, the PMI production index was 52.0%, an increase of 3.6 percentage points over the previous month, and the supply side improved significantly compared with the previous month, Under the background of the warming of the manufacturing industry, the year-on-year growth rate of China’s Siasun Robot&Automation Co.Ltd(300024) monthly output rebounded.
The transformation and upgrading are advancing in an orderly manner, and the manufacturing investment is expected to remain stable in 2022. In November, the added value of high-tech manufacturing above designated size increased by 15.1% year-on-year and 12.9% on average in two years. The growth rate was 11.3 and 7.5 percentage points higher than that of industries above Designated Size respectively, further enhancing its leading role in industrial growth. From January to November, China’s high-tech manufacturing investment increased by 22.2% year-on-year, with an average growth of 17.4% over the two years. The growth rate was 8.5% and 13.1% higher than that of all manufacturing investment respectively. Under the continuous guidance of a series of policies, China’s industrial upgrading achieved remarkable results. Over the past year, exports exceeded expectations and continued to drive China’s manufacturing orders, with capacity utilization at a historical high. Enterprises have a certain willingness to invest and expand production, and will continue to support manufacturing investment for some time in the future. The macro group of CDB securities expects that manufacturing investment will increase by about 6.5% year-on-year in 2022, and investment will maintain a stable growth, which will pull the demand of Siasun Robot&Automation Co.Ltd(300024) industry.
The short-term Siasun Robot&Automation Co.Ltd(300024) industry may still face certain operating pressure, and the medium and long-term market potential is large. At present, the external environment is becoming more complex, commodity prices are still relatively high, and middle and downstream enterprises are still generally facing certain cost pressure. In November, the PMI new order index was 49.4%, indicating that downstream demand is still relatively insufficient. Superimposed on the multi-point distribution of the epidemic, the foundation for the recovery of manufacturing prosperity may not be stable, In this context, the short-term profitability of Siasun Robot&Automation Co.Ltd(300024) plate still faces certain pressure. In the future, the policy level will strengthen the efforts to ensure supply and price stability, promote the balance of market supply and demand, and strengthen the marketization and inclusive assistance to manufacturing enterprises. With the gradual effectiveness of relevant measures, it will help to improve the performance of manufacturing enterprises, and then further increase the investment in fixed assets. Siasun Robot&Automation Co.Ltd(300024) as a key carrier for the transformation and upgrading of the manufacturing industry, under the background of rising labor costs and the gradual emergence of the economy of Siasun Robot&Automation Co.Ltd(300024) replacement of labor, the industry has great medium and long-term market potential. It is recommended to pay attention to Estun Automation Co.Ltd(002747) , Leader Harmonious Drive Systems Co.Ltd(688017) .
Risk tip: the intensification of market competition leads to the performance of Companies in the industry not meeting expectations; The economic recovery outside China was lower than expected; Market risk caused by the unexpected deterioration of the global epidemic; Market risks caused by the further deterioration of China US comprehensive relations; Secondary market risk outside China.
