One week (March 7-march 12) market review
The new materials index fell 3.59%, weaker than the gem index. OLED materials fell 4.25%, semiconductor materials fell 1.51%, membrane materials fell 4.7%, additives fell 2.8%, carbon fiber fell 1.75% and tail gas treatment fell 5.6%. The top five gainers are Tangshan Sunfar Silicon Industry Co.Ltd(603938) , National Silicon Industry Group Co.Ltd(688126) -u, Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) , Konfoong Materials International Co.Ltd(300666) , Phichem Corporation(300398) ; The top five declines were Aofu Environmental Technology Co.Ltd(688021) , Shanghai Yongguan Adhesive Products Corp.Ltd(603681) , Cybrid Technologies Inc(603212) , Shanghai Pret Composites Co.Ltd(002324) , Lianhe Chemical Technology Co.Ltd(002250) .
Observation on new materials week of open source chemical industry: a new environmental protection insulating gas with great potential perfluoroisobutyronitrile
Perfluoroisobutyronitrile (c4f7n) is a new environmentally friendly insulating and arc extinguishing gas. The greenhouse effect index (GWP) is only 2210, which is far lower than sulfur hexafluoride (GWP = 23500). It can be used to replace the traditional sulfur hexafluoride insulating gas, effectively reduce the emission of carbon dioxide and alleviate the global atmospheric greenhouse effect. The work plan for controlling greenhouse gas emissions of the State Council of China clearly points out that we should further strengthen the emission control of SF6 and other non-CO2 greenhouse gases. The use of new environment-friendly gas insulation medium is the fundamental policy to solve the dependence of power transmission equipment manufacturing industry on strong greenhouse gas SF6. In addition, according to China Energy News, China will launch a new round of UHV construction on a large scale in 2022. It is estimated that the overall investment scale of UHV industry and its driving industries will reach 587 billion yuan by 2025. According to the data of Changgao’s complete set of “perfluoroisobutyronitrile environmental protection gas ring network cabinet” technology appraisal meeting on March 5: under the strategy of “carbon neutralization and carbon peak”, China’s ring network cabinet with a market of nearly 10 billion yuan is in urgent need of environmental protection solution replacement every year, and the “perfluoroisobutyronitrile environmental protection gas ring network cabinet” product will have a broad market in the future. On the whole, perfluoroisobutyronitrile has good development prospects in terms of substitution space and growth of power industry. Foreign companies such as GE and 3M have realized the application of perfluoroisobutyronitrile mixed gas distribution, and the operation effect is good. China Haohua Chemical Science & Technology Corp.Ltd(600378) Liming Institute has solved the technical problem of domestic preparation of perfluoroisobutyronitrile gas, successfully applied to the world’s first set of ultra-high voltage environmental friendly Gil products with new environmental friendly gas, the highest voltage level and passing the full set of type test assessment, and established China’s important position in the research field of new environmental friendly gas. Liming Institute, as a national leading enterprise of electrical insulation SF6 gas, constantly updates its products through endogenous technological innovation, which not only meets the national development needs, but also can seize the opportunity and continue to maintain the leading position in the industry. Its special gas, liquid rocket propellant, hydrogen peroxide and catalyst, automotive polyurethane and other businesses will develop in an all-round way, and will make great achievements in the future. Beneficiary object: Haohua Chemical Science & Technology Corp.Ltd(600378) .
Important company announcements and industry information
[ Haohua Chemical Science & Technology Corp.Ltd(600378) ] from January to February 2022, the company achieved a revenue of about 1.2 billion yuan, an increase of about 30% year-on-year; The net profit attributable to the parent company was about 130 million yuan, with a year-on-year increase of about 48%. [ Boe Technology Group Co.Ltd(000725) ] the company achieved a total operating revenue of 219442 billion yuan in 2021, with a year-on-year increase of 61.89%; The net profit attributable to the parent company was 412.8 billion yuan, a year-on-year increase of 2586.8%.
Beneficial object
We are optimistic about the broad market of functional membrane materials under the background of industrial transfer, the breakthrough of domestic substitution of high-end electronic materials from 0 to 1, and the new opportunities of new materials in the wave of new energy. The subject of the beneficiary is the following: Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) Puyang Huicheng Electronic Material Co.Ltd(300481) etc.
Risk tip: technological breakthrough is less than expected, industry competition intensifies, raw material price fluctuations, etc.
