Key investment points:
Market review: this week, Shenwan machinery and equipment sector decreased by 2.15%, down 1.48 PCT compared with the change of Shanghai and Shenzhen 300 index, and the rise and fall range is listed in the 25th of Shenwan’s 31 primary industries. The first three stocks in the mechanical equipment sector rose weekly were China High-Speed Railway Technology Co.Ltd(000008) , Fujian Snowman Co.Ltd(002639) , Suzhou Secote Precision Electronic Co.Ltd(603283) , up 41.07%, 20.02% and 15.83% respectively. In terms of valuation, as of December 24, the PE TTM of Shenwan mechanical equipment sector was 24.26 times. PE TTM of general equipment, special equipment, rail transit equipment, construction machinery and automation equipment are 24.08 times, 32.10 times, 16.47 times, 14.91 times and 49.26 times respectively.
Zhou viewpoint of mechanical equipment industry: industrial control automation: intelligent manufacturing is accelerated, and the subdivided industries will benefit. With the repeated epidemic, the advantages of automatic production are obvious, and the downstream demand gradually picks up, which will drive the performance of enterprises in the industrial Siasun Robot&Automation Co.Ltd(300024) industrial chain. It is suggested to pay attention to: Shenzhen Inovance Technology Co.Ltd(300124) (300124), China Leadshine Technology Co.Ltd(002979) (002979), Estun Automation Co.Ltd(002747) (002747), Leader Harmonious Drive Systems Co.Ltd(688017) (688017), etc.
Construction machinery: the products of Chinese enterprises continue to be exported overseas and get good evaluation, and the export volume maintains a high trend. Guangxi Liugong Machinery Co.Ltd(000528) has received the reply of China Securities Regulatory Commission on the merger of Guangxi Liugong Machinery Co.Ltd(000528) Group Machinery Co., Ltd. and it is expected that the merger process will be completed within the year. It is suggested to pay attention to: Sany Heavy Industry Co.Ltd(600031) (600031), Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) (000157), Xcmg Construction Machinery Co.Ltd(000425) (000425), Guangxi Liugong Machinery Co.Ltd(000528) (000528), etc.
Risk tips: policy changes; Macroeconomic fluctuations affect the demand for downstream products; Intensified industry competition, etc.
