Key investment points:
Market review this week. This week, the wind new material index closed at 4844.6 points, down 4.25% month on month. Among them, Triumph Science & Technology Co.Ltd(600552) (5.88%), Rianlon Corporation(300596) (5.45%), Jilin Oled Material Tech Co.Ltd(688378) (5.21%), Shandong Ruifeng Chemical Co.Ltd(300243) (4.96%), Shandong Dongyue Organosilicon Materials Co.Ltd(300821) (4.9%); The top five declines were Jiangsu Shuangxing Color Plastic New Materials Co.Ltd(002585) (- 14.95%), Suzhou Jinhong Gas Co.Ltd(688106) (- 13.46%), Cathay Biotech Inc(688065) (- 12.38%), Kbc Corporation Ltd(688598) (- 11.44%), Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) (- 10.77%). Among the six sub industries, the semiconductor material index of Shenwan tertiary industry closed at 876568 points, down 2.09% month on month; Shenwan tertiary industry display material index closed at 118249 points, down 3.07% month on month; The organosilicon material index of CITIC's tertiary industry closed at 1031237, down 0.28% month on month; CITIC's tertiary industry carbon fiber index closed at 407788 points, down 11.44% month on month; The lithium battery index of CITIC's tertiary industry closed at 501558, down 10.02% month on month; The wind concept degradable plastics index closed at 2033, down 1.03% month on month.
The Russian Ukrainian war caused the price of semiconductor rare gases to soar. According to the financial times, the prices of rare gases crucial to the semiconductor manufacturing process - such as neon, xenon and krypton - are soaring, and the available inventory and supply are no longer sufficient to meet the current level of demand. Drawing lessons from history, in 2014, when the Crimean War, the spot price of neon rose 600%. According to the observation of the semiconductor industry, about 75% of the global neon supply is consumed by semiconductor manufacturing. Ukraine is responsible for exporting about 50% of the global neon supply, and its neon production also accounts for 90% of the inert gas imported by the United States. Neon suppliers in Japan and China account for the vast majority of the remaining 50% of the world's neon production. These suppliers have signed contracts with their local manufacturers and are less likely to sell in large quantities to other regions.
\u3000\u30 Beijing Jingyeda Technology Co.Ltd(003005) 96。 On February 28, Rianlon Corporation(300596) released the annual report of 2021. In 2021, the company achieved a revenue of 3.445 billion yuan, a year-on-year increase of 38.74%, and a net profit attributable to the parent company of 418 million yuan, a year-on-year increase of 42.53%.
Recommendation of key targets: downstream demand promotes industrial upgrading and innovation, and the industry has entered a period of rapid development. With the continuous breakthrough of high and new technology, the downstream demand will migrate to high-standard and high-performance materials, which is expected to drive the rapid development of the industry while promoting the upgrading of high-end manufacturing. In terms of industrial coordination and layout, we recommend Shandong Sinocera Functional Material Co.Ltd(300285) , a new material platform company. In terms of electronic chemicals, the downstream wafer factories have been completed continuously, and the chip production capacity has been further increased. The key attention is: Jiangsu Yoke Technology Co.Ltd(002409) . It is suggested to pay attention to: Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , Hubei Dinglong Co.Ltd(300054) , Guangdong Huate Gas Co.Ltd(688268) . In terms of polymer materials, the focus is on anti aging additives, Rianlon Corporation(300596) . Photovoltaic materials sector, focusing on the rubber film faucet Hangzhou First Applied Material Co.Ltd(603806) .
Risk tip: downstream demand is less than expected, product price fluctuation risk, new capacity release is less than expected, etc.
