[core combination] Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Suzhou Maxwell Technologies Co.Ltd(300751) , Yingkou Jinchen Machinery Co.Ltd(603396) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Zhejiang Hangke Technology Incorporated Company(688006) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , Wuxi Autowell Technology Co.Ltd(688516) , Sany Heavy Industry Co.Ltd(600031) , Wuxi Shangji Automation Co.Ltd(603185) , Shenzhen S.C New Energy Technology Corporation(300724) , Zhejiang Windey Co.Ltd(300772) , Riyue Heavy Industry Co.Ltd(603218) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Xcmg Construction Machinery Co.Ltd(000425) , Hangzhou Oxygen Plant Group Co.Ltd(002430) , Yantai Jereh Oilfield Services Group Co.Ltd(002353) , Centre Testing International Group Co.Ltd(300012) , Zhejiang Cfmoto Power Co.Ltd(603129) , Jade Bird Fire Co.Ltd(002960) , Ningbo Lehui International Engineering Equipment Co.Ltd(603076)
The [focused stock pool] is the focus of a focused stock pool that takes a focus on the focus of a focused stock pool that Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) {300371 {00237371} {{30037371} { Naura Technology Group Co.Ltd(002371) {{{00237371 { Naura Technology Group Co.Ltd(002371) Naura Technology Group Co.Ltd(002371) {300pool {{300mfocused on the focus of the focus pool {{30087850} { Shanghai Friendess Electronic Technology Corporation Limited(688188) Shanghai Friendess Electronic Technology Corporation Limited(688188) , {{603960960960} {{30056567} Wuhan Jingce Electronic Group Co.Ltd(300567) {30056567} {{{{{{{{{30085858587}} {{{{{{{{ Beijing Scitop Bio-Tech Co.Ltd(300858) }}}}}}}} {688188 88 88 88 88 8033}, Hunan Kaimeite Gases Co.Ltd(002549)
[last week’s report] [ Yingkou Jinchen Machinery Co.Ltd(603396) ] equity incentive grant completed; We look forward to another breakthrough in photovoltaic hjt equipment. [ Hangcha Group Co.Ltd(603298) ] once again sign a large order for hydrogen fuel cell forklifts and actively layout new energy forklifts. [ Hunan Kaimeite Gases Co.Ltd(002549) ] neon gas sales have made a breakthrough, and electronic special gas is expected to continue to grow in large quantities.
[core view] continue to be optimistic about low carbon + and globalization; Select “specialized and new”; Expected marginal improvement of construction machinery
(1) The central economic work conference stressed that the new renewable energy and raw material energy will not be included in the total energy consumption control and “energy power”. It is conducive to the release of production capacity of photovoltaic and wind power industry chain companies, so as to provide guarantee for the realization of the goals of “carbon peak” and “carbon neutralization”.
(2) The first batch of large-scale wind and Everbright base projects have been launched, with a total of 97.05gw. Pay close attention to the bidding progress of 1-2gw hjt equipment (similar to 1GW of Tongwei). Maiwei heterojunction PECVD equipment is listed as the first equipment in the energy field in 2021 (sets) list of major technical equipment projects and release the new open photovoltaic cell steel plate printing technology. Poly GCL has completed the financing of HK $5 billion and is expected to receive head capital subscription for granular silicon projects. It continues to recommend Suzhou Maxwell Technologies Co.Ltd(300751) , Yingkou Jinchen Machinery Co.Ltd(603396) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Wuxi Shangji Automation Co.Ltd(603185) , Shenzhen S.C New Energy Technology Corporation(300724) , etc.
(3) Honeycomb energy and LG new energy accelerated the layout of power battery industry and continued to recommend lithium battery equipment leaders.
(4) The global wind energy declaration calls on governments to show their ambition for the development of wind power generation; new energy represented by scenery shows a high boom worldwide; wind power equipment is recommended Zhejiang Windey Co.Ltd(300772) , Riyue Heavy Industry Co.Ltd(603218) , and is optimistic about Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , Ningbo Orient Wires & Cables Co.Ltd(603606) , Ficont Industry (Beijing) Co.Ltd(605305) .
(5) On December 6, the central bank comprehensively lowered the reserve requirement by 0.5%, strengthened the expectation of steady growth, and improved the expected margin of downstream demand for construction machinery. Internationalization, electrification and digitization helped China become a global leader. It continued to recommend strong alpha companies: Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zhejiang Dingli Machinery Co.Ltd(603338) ; phased recommendations Xcmg Construction Machinery Co.Ltd(000425) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Anhui Heli Co.Ltd(600761) , Hangcha Group Co.Ltd(603298)
[lithium battery equipment] in recent two months, the penetration rate of new energy vehicles has been nearly 20%, and the volume has been accelerated. In November, the installed capacity of power battery was about 18.14gwh, with a year-on-year increase of 102%. Honeycomb energy accelerates the layout of power batteries. LG new energy aims to significantly increase the capacity of its Michigan plant to 40gwh in the next three years. Continue to recommend lithium battery equipment faucets Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , Shenzhen United Winners Laser Co.Ltd(688518) , Vt Industrial Technology Co.Ltd(300707) , and be optimistic about Suzhou Slac Precision Equipment Co.Ltd(300382) , Shanghai Sk Automation Technology Co.Ltd(688155) , Ningbo Zhenyu Technology Co.Ltd(300953) , Jdm Jingda Machine(Ningbo)Co.Ltd(603088) .
[photovoltaic / wind power equipment] closely track the bidding progress of photovoltaic heterojunction battery equipment and the recovery of photovoltaic demand. Silicon materials fell for three consecutive weeks (with a total range of 12%), and photovoltaic modules are expected to return to the price band of 1.8 yuan / W, promoting the demand for new installed capacity downstream. The list of the first batch of large-scale wind and Everbright base projects was released, involving 19 provinces, with a total scale of 97.05gw. Photovoltaic equipment continued to push Suzhou Maxwell Technologies Co.Ltd(300751) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Yingkou Jinchen Machinery Co.Ltd(603396) , Wuxi Shangji Automation Co.Ltd(603185) , Shenzhen S.C New Energy Technology Corporation(300724) etc. “the 14th five year plan” Wind power demand is expected to greatly exceed expectations, focusing on the whole machine and core parts. For wind power equipment, Zhejiang Windey Co.Ltd(300772) , Riyue Heavy Industry Co.Ltd(603218) are recommended, and Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , Ningbo Orient Wires & Cables Co.Ltd(603606) , Ficont Industry (Beijing) Co.Ltd(605305) are concerned.
[construction machinery] the “China Central Television financial excavator index” jointly created by China Central Television finance and economics, Sany Heavy Industry Co.Ltd(600031) and Shugen Internet released the data in November. From July to November, the average workload of excavators increased month on month in May. Downstream demand for construction machinery continues to improve. Focus on Haoqiang Alpha Company: Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zhejiang Dingli Machinery Co.Ltd(603338) ; Watch Xcmg Construction Machinery Co.Ltd(000425) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Anhui Heli Co.Ltd(600761) , Hangcha Group Co.Ltd(603298) .
[oil and gas equipment] China’s oil price fell, boosting industry growth. Continue to recommend Yantai Jereh Oilfield Services Group Co.Ltd(002353) and be optimistic about China Oilfield Services Limited(601808) .
[inspection and testing] the inspection and testing industry has a large space, and the medium and long-term growth rate is stable. 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] Sino US relations are slowing down, freight and raw material prices have dropped from the high point, and it is expected that the cost end of the export industrial chain will be marginally improved. In October, the year-on-year growth rate of large displacement two wheeled vehicles exceeded 60%. Focus on 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) , and look forward to Bafang Electric( Suzhou) Co.Ltd(603489) , Yindu Kitchen Equipment Co.Ltd(603277) .
[industrial gas] overseas comparable companies have a market value of 600-100 billion. Recommended Hunan Kaimeite Gases Co.Ltd(002549) , optimistic about Hangzhou Oxygen Plant Group Co.Ltd(002430) .
Risk tips: 1) infrastructure and real estate investment is lower than expected; 2) Covid-19 epidemic spread beyond the expected risk.
