Sector performance: from the horizontal comparison of various industries, in the 9th week of 2022 (from February 26, 2022 to March 4, 2022), the cumulative excess return of the mechanical equipment industry relative to the Shanghai composite index was negative, ranking 19th among all industries, and the cumulative excess return was – 2.07%. Since 2022, the annual cumulative excess return of the mechanical equipment industry has been – 5.57%.
Lithium battery equipment: in February 2022, the sales volume / delivery volume of new energy vehicles was bright. Skon invested 6 trillion won to expand the battery plant and Sunwoda Electronic Co.Ltd(300207) invested 12 billion yuan to expand production. 1) the sales volume of new energy vehicles in February 2022 is bright: according to the data of Wei Lai, Xiaopeng, ideal, Na Zha, Zero run, AI, krypton, SAIC new energy and Byd Company Limited(002594) official account of WeChat, the sales and delivery data of new energy vehicles in February 2022 are as follows: (1) the new car delivered 6131 new cars, yoy+9.9%; ② Xiaopeng: 6225 vehicles delivered, yoy + 180%; ③ Ideal: deliver 8414 ideal one, yoy + 265.8%; ④ Nezha: 7117 vehicles delivered, yoy + 255%; ⑤ Zero run: 3435 vehicles delivered, yoy + 447%; ⑥ Ea’an: 8526 vehicles delivered, yoy + 163%; ⑦ Krypton: 2916 vehicles delivered; ⑧ SAIC new energy: delivery of more than 45000 vehicles, yoy + 48.4%.
⑨ Byd Company Limited(002594) : 87473 vehicles delivered, yoy + 764.1%; 2) Skon invested 6 trillion won to expand the battery plant and Sunwoda Electronic Co.Ltd(300207) invested 12 billion yuan to expand production. According to the official website of infostock daily, skon will invest a budget of about 6 trillion won to build new factories with an annual output of 30gwh in Ivanche, Hungary and Yancheng, China respectively. This expansion will be the largest in the history of the company; 3) According to the announcement of Sunwoda Electronic Co.Ltd(300207) that the subsidiary intends to sign the project investment agreement with Zhuhai Municipal People’s government, Sunwoda Electronic Co.Ltd(300207) subsidiary Sunwoda Electronic Co.Ltd(300207) automobile battery will invest 12 billion yuan in Zhuhai to build a power battery project with a total capacity of 30 GWH, of which the total investment in fixed assets is about 10 billion yuan.
Construction machinery: according to Pang Yuan leasing public official account, the first week of March Pang Yuan lease index weekly 916, lower than the same period in previous years. Its five week, half year and annual lines are 940, 948 and 1018 respectively
Semiconductor equipment: in 2021, China’s chip output increased by 33.3%, and the toughness of the industrial chain and supply chain was improved. The auto chip supply guarantee has achieved phased results. The new production capacity will be released successively this year, and the supply capacity of some chip products in China is also gradually improving.
Photovoltaic equipment: according to the official account of PVinfolink WeChat, the price of PV is 5.430 yuan per slice, the price of single crystal silicon is +0.080 yuan / piece, the price of single crystal PERC 166 is 1.100 yuan /W, the ratio is +0.010 yuan /W, the average price of 325335/395405W single crystal PERC component is 1.670 yuan /W, the ratio is +0.020 yuan yuan.
Recommended targets this week: Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Sany Heavy Industry Co.Ltd(600031) , Quick Intelligent Equipment Co.Ltd(603203) , Shenzhen S.C New Energy Technology Corporation(300724) , Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) , Zhejiang Dingli Machinery Co.Ltd(603338) Wuxi Lead Intelligent Equipment Co.Ltd(300450) : the company’s orders are expected to continue to increase Jiangsu Hengli Hydraulic Co.Ltd(601100) : the company’s new products and new markets have entered a period of rapid improvement in revenue and profitability Sany Heavy Industry Co.Ltd(600031) : excavators and pump trucks with high gross profit margin have recovered strongly, and their market share has increased rapidly Shenzhen S.C New Energy Technology Corporation(300724) : a leading manufacturer of battery chip equipment, benefiting from perc’s efficient capacity expansion Quick Intelligent Equipment Co.Ltd(603203) : benefit from the 3C uplink cycle brought by 5g Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) ：
Benefit from the electrification of global consumption and build a grid electric drive platform.
Risk tip: slowdown of fixed asset investment, tightening of credit policy and potential trade protectionism
