Key investment points:
New on Monday: the government work report requires to enhance the core competitiveness of the manufacturing industry and be optimistic about the domestic substitution of core parts. On March 5, Premier Li Keqiang proposed in his government work report that the main expected goal of development this year is to increase China’s GDP by about 5.5%, higher than the average growth rate of 5.1% in the past two years. The report proposes to further implement the innovation driven development strategy, consolidate and expand the foundation of the real economy, enhance the core competitiveness in the manufacturing industry, strengthen the supply guarantee of raw materials and key parts, implement the chain guarantee and chain stabilization project of leading enterprises, and maintain the safety and stability of the supply chain of the industrial chain. Focus on cultivating “specialized and special new” enterprises, and give strong support in terms of capital, talents and incubation platform construction. In February, the new order index of manufacturing industry returned to more than 50. We are optimistic about the improvement of the prosperity of industrial automation industry in the future. At the same time, the trend of domestic substitution of key parts is irresistible. It is suggested to pay attention to the leaders of reducer, Siasun Robot&Automation Co.Ltd(300024) and other industry segments.
Industry and company dynamics this week: 1) photovoltaic equipment: the price of the whole industry chain has increased, and the downstream demand continues to improve. This week, the prices of the whole industrial chain of silicon materials, silicon wafers, battery chips and components rose, the downstream operating rate increased steadily, and the industrial demand continued to improve. At the end of February, the German Ministry of economy put forward a draft to be legislated, which plans to accelerate the expansion of wind energy and Cecep Solar Energy Co.Ltd(000591) infrastructure; 2) Semiconductor equipment: this week, 44 sets of process equipment were opened at major wafer factories in China, mainly Huahong Wuxi continued to expand its production. Among Chinese equipment manufacturers, Naura Technology Group Co.Ltd(002371) won the bid for 14 sets of process equipment, and Shandong Yuexin, ShuoKe Zhongkexin and Shenzhen S.C New Energy Technology Corporation(300724) all won the bid; 3) Lithium battery equipment: Volkswagen Group will invest in a 40gwh battery factory in Spain, with a planned investment of about 3.5 billion euros. Volkswagen Group said that the company is considering operating the battery department as a subsidiary and is expected to supply power batteries to other main engine plants in the long run; 4) Oil service: the member states of the international energy agency agreed to release 60 million barrels of oil reserves to ease the tight oil supply caused by the escalation of the situation in Ukraine; 5) Laser and automation: Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) has made a breakthrough in the medical field. The infrared light source for fat targeted heating jointly developed by Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) and Haiqin medical meets the market demand of medical beauty industry. This product is applied to the medical shaping and beauty market and will replace the traditional medical shaping technology.
The core target of this week’s portfolio of the core of the week’s portfolio: it’s recommended to focus on the growth track with a high boom, and the periodic sector investment opportunities with high elasticity and upward infleinfleinfleturning points, and the periodic sector with high resilience and upward infleturning points, and the periodic sector with high resilience, turning points and upward turning points. It’s recommended to focus on the growth track with a high boom, and the periodic sector with high resilience, and cyclical sector with high resilience, and periodic sector with high resilience, turning points upward, turning points, turning points, and turning points. Oil service sector recommends [ Shenzhen Xinyichang Technology Co.Ltd(688383) 7777\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\], [ Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) ] and [ Shenzhen Inovance Technology Co.Ltd(300124) ] are recommended for general automation, and [ China Cssc Holdings Limited(600150) ] is recommended for ship sector.
Risk tips: 1. The production expansion progress of lithium battery manufacturers is less than expected; 2. The recovery of the shipbuilding industry is less than expected; 3. The business growth of the recommended company is less than expected.
