The core combination of the core combination of the core combination of the core combination of the ''Core combination of the core combination of the '' Wuxi Lead Intelligent Equipment Co.Ltd(300450) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\the ' Yingkou Jinchen Machinery Co.Ltd(603396) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\2 , Zhejiang Shuanghuan Driveline Co.Ltd(002472) , Zhejiang Cfmoto Power Co.Ltd(603129) Jade Bird Fire Co.Ltd(002960) Ningbo Lehui International Engineering Equipment Co.Ltd(603076) China Railway Hi-Tech Industry Corporation Limited(600528) Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300)
A pool of key shares has focused on a pool of key shares in a pool of focused shares that has 's Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\, Tdg Holding Co.Ltd(600330) , Zhejiang Jinggong Science & Technology Co.Ltd(002006) Sinoseal Holding Co.Ltd(300470) Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) Shanghai Friendess Electronic Technology Corporation Limited(688188) Guangzhou Grg Metrology&Test Co.Ltd(002967) Hangcha Group Co.Ltd(603298) Anhui Heli Co.Ltd(600761) Canny Elevator Co.Ltd(002367) Jack Sewing Machine Co.Ltd(603337) Guangzhou Kdt Machinery Co.Ltd(002833) Beijing Tianyishangjia New Material Corp.Ltd(688033) Hunan Kaimeite Gases Co.Ltd(002549) Guangdong Huate Gas Co.Ltd(688268) Vt Industrial Technology Co.Ltd(300707)
[last week's report] [ Naura Technology Group Co.Ltd(002371) ] depth: how to view the market value growth space of Naura Technology Group Co.Ltd(002371) ? [sic substrate] industry depth: the demand for new energy vehicles + photovoltaic is rising, and domestic substitution is expected to break through. [ Guangdong Dongfang Precision Science & Technology Co.Ltd(002611) ] depth: the leader of corrugated packaging equipment, focus on the main business and start again! [ Shanghai Sk Automation Technology Co.Ltd(688155) ] performance basically meets expectations; The performance is expected to accelerate in 2022. [ Ningbo Lehui International Engineering Equipment Co.Ltd(603076) ] channels and production capacity are accelerated; The self owned brand "fresh beer 30km" has made a big breakthrough. [ Hangcha Group Co.Ltd(603298) ] establish a joint venture with okamra, Japan to increase the layout of intelligent logistics equipment. [ Leader Harmonious Drive Systems Co.Ltd(688017) ] in 2021, the net profit excluding non-profit increased by 219%, and the growth rate is expected to continue under the release of production capacity.
[core view] continue to be optimistic about new energy equipment, semiconductor equipment, silicon carbide and diamond industry chain
[photovoltaic / wind power equipment] Germany plans to advance the goal of 100% renewable energy power generation by 15 years to 2035. Germany plans to advance the target of 100% renewable energy power generation by 15 years to 2035. The power generation capacity of onshore wind energy and Cecep Solar Energy Co.Ltd(000591) facilities will be increased by about three times, and the offshore wind power generation capacity will be more than doubled. This week, the linkage test run of Guangdong Golden Glass Technologies Limited(300093) hjt microcrystalline whole line was successfully completed, and the project entered the stage of mass production preparation. Heterostructure equipment of Huasheng phase II 2gw project began to enter the site, and it is expected to form a heterostructure capacity of 2.7gw by the end of the second quarter. Central silicon wafer rose again this week by 0.05-0.1 yuan / piece, up about 1%, and the demand for photovoltaic is up. The photovoltaic equipment continues to recommend Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Wuxi Shangji Automation Co.Ltd(603185) , Wuxi Autowell Technology Co.Ltd(688516) , Suzhou Maxwell Technologies Co.Ltd(300751) , Yingkou Jinchen Machinery Co.Ltd(603396) , Shenzhen S.C New Energy Technology Corporation(300724) , etc.
China's offshore wind power bidding has significantly accelerated recently. It is expected that the offshore wind power bidding will exceed 15gw in 2022, with a year-on-year increase of more than 21 times. The valuation of major wind power companies in 2022 has entered the range of 20-30 times. It is recommended that Zhejiang Windey Co.Ltd(300772) , Riyue Heavy Industry Co.Ltd(603218) , Ficont Industry (Beijing) Co.Ltd(605305) , Asian Star Anchor Chain Co.Ltd.Jiangsu(601890) , and is optimistic about Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , Ningbo Orient Wires & Cables Co.Ltd(603606) , Haili wind power, Ming Yang Smart Energy Group Limited(601615) , etc.
[lithium battery equipment] Tesla plans to open a new factory in Shanghai, which will produce 2 million vehicles per year (more than 500000 in 2021). In January 2022, the sales volume of new energy vehicles was 431000, with a year-on-year increase of 141%. The penetration rate of new energy vehicles was 17%, with a year-on-year change of 10 PCT and a month on month change of - 2 PCT. The penetration rate is expected to be 220000 new cars in 2022. We are optimistic about the equipment opportunities brought by new technologies such as 4680 large cylindrical lithium battery, lamination machine, chemical capacity division and power exchange. To recommend a lithium powered device leader Wuxi Lead Intelligent Equipment Co.Ltd(300450) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\, Jdm Jingda Machine(Ningbo)Co.Ltd(603088) etc.
[semiconductor equipment] in 2021, the global semiconductor revenue increased by 25.1%. SIA predicts that the chip factory will continue to expand production, and the global semiconductor sales will increase by 8.8% in 2022. Recommend Robotechnik Intelligent Technology Co.Ltd(300757) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Naura Technology Group Co.Ltd(002371) ; Be optimistic about Advanced Micro-Fabrication Equipment Inc.China(688012) , Wuhan Jingce Electronic Group Co.Ltd(300567) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , Pnc Process Systems Co.Ltd(603690) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , etc.
[industrial gas] affected by the conflict between Russia and Ukraine, the price of rare gas has accelerated in the short term. By the end of 2021, Ukraine had a production capacity of 350000 m3 / a of neon gas, 10001200 m3 / a of xenon gas and 1100012000 m3 / a of krypton gas, accounting for 72% / 37% / 34% of China's current production capacity respectively. On February 25, 2022, the ex factory price of krypton gas was 31500 yuan / m3, a year-on-year increase of 266%, an increase of 24% over the beginning of the year, and the ex factory price of xenon gas was 310000 yuan / m3, a year-on-year increase of 237%, an increase of 12% over the beginning of the year. It is estimated that China's industrial gas market space is nearly 200 billion yuan, which is expected to cultivate large market value companies, and the market value of overseas comparable companies is Tsinghua Tongfang Co.Ltd(600100) billion; We are optimistic about the domestic substitution of electronic special gas. The short-term price fluctuation caused by the conflict between Russia and Ukraine will benefit China industrial gas company. Recommend Hunan Kaimeite Gases Co.Ltd(002549) , and look forward to Hangzhou Oxygen Plant Group Co.Ltd(002430) , Guangdong Huate Gas Co.Ltd(688268) , Suzhou Jinhong Gas Co.Ltd(688106) .
[construction machinery] in January, the sales volume of excavators was 15607, a year-on-year decrease of 20.4%; Among them, the export sales volume was 7325 units, with a year-on-year increase of 105%, and the average sales volume increased by 3% month on month compared with Q4 of 2021, exceeding market expectations. In January, the financial data achieved a good start, with new RMB loans increasing by 11% year-on-year, and the stock of social finance scale increasing by 10.5% year-on-year, all exceeding market expectations. With the commencement of major projects, the decline in Q2 is expected to narrow. The sales volume of excavators will be about 310000 in 2022, a year-on-year decrease of about 10%. Recommend Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zhejiang Dingli Machinery Co.Ltd(603338) , Hangcha Group Co.Ltd(603298) , Xcmg Construction Machinery Co.Ltd(000425) ; Watch Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Shaanxi Construction Machinery Co.Ltd(600984) , Anhui Heli Co.Ltd(600761) , Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) .
[cultivating diamonds] the prosperity of cultivating diamonds is upward. Look forward to North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) , Henan Liliang Diamond Co.Ltd(301071) , Sinomach Precision Industry Co.Ltd(002046) , Sf Diamond Co.Ltd(300179) , etc.
[oil and gas equipment] ice oil distribution exceeds US $90 / barrel, reaching an 8-year high. We recommend Yantai Jereh Oilfield Services Group Co.Ltd(002353) , Sinoseal Holding Co.Ltd(300470) , and look forward to China Oilfield Services Limited(601808) , etc.
[inspection and testing] 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] it is expected that the cost end of the export industrial chain will be marginally improved. In January, the industry's large displacement two wheeled vehicles were + 17% year-on-year, and the company's 250cc + two wheeled vehicles were + 42% year-on-year. Highlight 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) .
[fire electronics] the State Council issued the notice on the national emergency system planning for the 14th five year plan, emphasizing that the key points of the 14th five year plan include emerging business forms such as electric vehicles, electric bicycles and electrochemical energy storage facilities, and urging catering and other industries to strive to install gas leakage alarm devices. Recommend Jade Bird Fire Co.Ltd(002960) ; Watch Guoanda Co.Ltd(300902) .
[digital printing] Xiyin plans to invest 15 billion yuan to build the "Xiyin Bay district supply chain headquarters" in Guangzhou, which is expected to accelerate the rapid increase of China's digital printing penetration. Key recommendation Hangzhou Honghua Digital Technology Stock Company Ltd(688789) .
Risk tips: 1) infrastructure and real estate investment is lower than expected; 2) Covid-19 epidemic spread beyond the expected risk.
