1. Baima, the chemical leader, enters the value allocation area. Under the recent high oil price, the chemical industry sector generally fell, and some core leaders Baima fell significantly. We believe that in the short and medium term, the profit damage caused by high oil prices is temporary, and the medium and long-term oil prices are still priced at the marginal cost of incremental oil and gas fields such as shale oil. Therefore, due to the decline in the share prices of leading companies under the high oil prices caused by the situation in Russia and Ukraine, it will bring better bottom layout opportunities in the medium and long term. Moreover, such leading companies have been tested and trusted in terms of barriers and competitiveness. Therefore, we suggest that the allocation of core asset companies can be gradually increased. Key highlights include the ‘ Wanhua Chemical Group Co.Ltd(600309) Lb Group Co.Ltd(002601) , satellite chemistry and other leading enterprises.
2. Continue to be optimistic about the upstream materials of new energy: high oil prices will contribute to the promotion of new energy vehicles. From the perspective of European industrial policies, the promotion of new energy such as photovoltaic wind power will accelerate rather than slow down in this round of energy crisis in the future. Therefore, in the medium and long term, we are still optimistic about photovoltaic Material companies with core advantages in electric vehicle related fields: 1) upstream materials of lithium battery materials industry chain: lithium battery binder and diaphragm coating material PVDF: pay attention to Dongyue Group, Lecron Industrial Development Group Co.Ltd(300343) , Zhejiang Juhua Co.Ltd(600160) , Guangdonghectechnologyholdingco.Ltd(600673) ; 2) Lithium iron phosphate and iron phosphate: pay attention to Guizhou Chanhen Chemical Corporation(002895) , Yunnan Yuntianhua Co.Ltd(600096) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Hubei Yihua Chemical Industry Co.Ltd(000422) , Chengdu Wintrue Holding Co.Ltd(002539) , and it is recommended to pay attention to Sichuan Development Lomon Co.Ltd(002312) , Shanghai Zhongyida Co.Ltd(600610) (Wengfu); 3) Electrolyte and additives: pay attention to Zhejiang Yongtai Technology Co .Ltd(002326) , Great Chinasoft Technology Co.Ltd(002453) Liao Ning Oxiranchem Inc(300082) ; And Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , Zhejiang Satellite Petrochemical Co.Ltd(002648) , which extend to the field of downstream new materials; 4) Upstream materials of photovoltaic industry chain: EVA recommends Jiangsu Eastern Shenghong Co.Ltd(000301) , Levima Advanced Materials Corporation(003022) , n-type silicon: Sichuan Hebang Biotechnology Co.Ltd(603077) ; 5) Photovoltaic reflective film: Zhejiang Hailide New Material Co.Ltd(002206) ; 6) Upstream materials of wind power industry chain: carbon fiber (Jilin Carbon Valley, Jilin chemical, Weihai Guangwei Composites Co.Ltd(300699) and other carbon fiber targets), epoxy structural adhesive ( Kangda New Materials(Group) Co.Ltd(002669) ), polyether amine ( Yangzhou Chenhua New Material Co.Ltd(300610) , Wuxi Acryl Technology Co.Ltd(603722) , Zhejiang Huangma Technology Co.Ltd(603181) );
3. Pay attention to the sub industries with sustained and high prosperity. Vitamins ( Zhejiang Nhu Company Ltd(002001) , Zhejiang Medicine Co.Ltd(600216) , Zhejiang Garden Bio-Chemical High-Tech Co.Ltd(300401) , Brother Enterprises Holding Co.Ltd(002562) ); Soda ash ( Inner Mongoliayuan Xing Energy Company Limited(000683) , Shandong Haihua Co.Ltd(000822) , Tangshan Sanyou Chemical Industries Co.Ltd(600409) ); Pesticides ( Jiangsu Yangnong Chemical Co.Ltd(600486) , Shandong Weifang Rainbow Chemical Co.Ltd(301035) , Hailir Pesticides And Chemicals Group Co.Ltd(603639) , Limin Group Co.Ltd(002734) ); Glyphosate ( Hubei Xingfa Chemicals Group Co.Ltd(600141) ); Potash fertilizer ( Qingdao East Steel Tower Stock Co.Ltd(002545) , Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) ); Phosphate fertilizer ( Guizhou Chanhen Chemical Corporation(002895) , Yunnan Yuntianhua Co.Ltd(600096) , Hubei Yihua Chemical Industry Co.Ltd(000422) , etc.).
4. Optimistic about consumption growth stocks and new materials growth stocks with high ceiling and stable profits: specifically optimistic about: Shandong Head Co.Ltd(002810) (cellulose ether + artificial meat), Anhui Jinhe Industrial Co.Ltd(002597) (leading sugar free additives), national sixth industrial chain ( Actblue Co.Ltd(300816) , Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) , Valiant Co.Ltd(002643) , Xinxiang Richful Lube Additive Co.Ltd(300910) , Jiangsu Lopal Tech.Co.Ltd(603906) ) Degradable & renewable plastics ( Shandong Ruifeng Chemical Co.Ltd(300243) , Beijing Sanlian Hope Shin-Gosentechnical Service Co.Ltd(300384) , Kingfa Sci.& Tech.Co.Ltd(600143) , Red Avenue New Materials Group Co.Ltd(603650) ). Semiconductor packaging materials ( Great Chinasoft Technology Co.Ltd(002453) ), photoresist (Nanjing Everbright, Red Avenue New Materials Group Co.Ltd(603650) , Jingrui), semiconductor precursor ( Jiangsu Yoke Technology Co.Ltd(002409) ), military industry: special chemicals ( Haohua Chemical Science & Technology Corp.Ltd(600378) ), aramid fiber ( Yantai Tayho Advanced Materials Co.Ltd(002254) ), carbon fiber ( Weihai Guangwei Composites Co.Ltd(300699) ). New display fields: optical film ( Sichuan Em Technology Co.Ltd(601208) ), organic light-emitting materials ( Valiant Co.Ltd(002643) , Great Chinasoft Technology Co.Ltd(002453) ), PI materials ( Rayitek Hi-Tech Film Company Ltd.Shenzhen(688323) ).
Risk warning: the macroeconomic growth rate is lower than expected; The product price fluctuates greatly; International oil prices fell sharply; The construction progress of new projects is less than expected; Repeated outbreaks, etc.
