Last week, the mechanical equipment index fell 2.78%, the Shanghai and Shenzhen 300 index fell 1.06%, and the gem index rose 1.33%. Mechanical equipment ranked 15th in all 28 industries.
This week’s view
Semiconductor equipment: Beijing Huafeng Test & Control Technology Co.Ltd(688200) 1-2 months continued the high growth trend, and Advanced Micro-Fabrication Equipment Inc.China(688012) plans to increase capital to strengthen the field of layout measurement. According to Beijing Huafeng Test & Control Technology Co.Ltd(688200) announcement, according to the preliminary accounting of the company, the revenue from January to February 2022 was 199 million yuan, with a year-on-year increase of 172%; The net profit attributable to the parent company was 105 million yuan, with a year-on-year increase of 241%, close to the revenue of 241 million yuan and net profit of 128 million yuan in 21q4. The company achieved double growth of revenue and profit, and continued the high growth trend of performance for 21 years, which is in line with the development advantage of the company having sufficient orders and continuously improving production capacity. At the same time, the company actively promoted the international layout, and has sufficient revenue and profitability in the business environment with strong industrial demand. According to Advanced Micro-Fabrication Equipment Inc.China(688012) announcement, it is planned to subscribe for the newly increased registered capital of Shanghai Ruili with RMB 108 million in cash, and the shareholding ratio is planned to increase from 20.45% to 29.36%. Shanghai Ruili’s main products are optical film thickness measurement equipment, optical defect detection equipment, silicon wafer thickness and warpage measurement equipment, etc. Advanced Micro-Fabrication Equipment Inc.China(688012) indicates that it has a high degree of overlap with Shanghai Ruili’s customers and suppliers, and the industrial chain synergy can be further formed through capital increase. We believe that this capital increase can effectively implement the company’s “three-dimensional” development strategy, strengthen business layout, play a positive role in customer stickiness and cost control, and drive the company’s revenue growth and profitability.
Recommend shengmei Shanghai, Wuhan Jingce Electronic Group Co.Ltd(300567) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Naura Technology Group Co.Ltd(002371) , Kingsemi Co.Ltd(688037) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) ., Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Thinkon Semiconductor Jinzhou Corp(688233) , Kunshan Kinglai Hygienic Materials Co.Ltd(300260) , Konfoong Materials International Co.Ltd(300666) .
Wind power equipment: Sichuan and Qinghai released the energy development plan of the 14th five year plan, and the development speed of offshore wind power may far exceed expectations in the future. Recently, Sichuan Province and Qinghai Province respectively issued the “14th five year plan” for energy development in Sichuan Province and the “notice on the” 14th five year plan “for energy development in Qinghai Province. Sichuan Province has made it clear that the installed capacity of wind power will reach 10 million KW by 2025, an increase of 6 million KW compared with 2020, and Qinghai Province plans to reach 16.5 million KW by 2025, Compared with 2020, it will add 8.07 million KW. As of March 1, 2022, offshore wind power planning and supporting policies have been issued in various coastal areas across the country. Among them, Guangdong, Shandong, Zhejiang, Hainan, Jiangsu, Guangxi and other regions have preliminarily defined their offshore wind power development goals. According to the incomplete statistics of Polaris wind power generation network, during the 14th Five Year Plan period, the planned total installed capacity of offshore wind power in China exceeded 100gw. With the continuous decline of offshore wind turbine prices and the gradual reduction of construction costs, it is expected that offshore wind power will usher in explosive growth in the 14th Five Year Plan period. Recommend Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , and pay attention to Haili wind power and Ningbo Orient Wires & Cables Co.Ltd(603606) .
Photovoltaic equipment: the world’s first GW level mass-produced 210 heterojunction battery production line was put into operation, and many enterprises laid out heterojunctions to speed up the industrialization of heterojunctions. On March 12, Guangdong Golden Glass Technologies Limited(300093) “210 large-size heterojunction cell” was successfully rolled off the production line in the photovoltaic cell workshop of Wujiang factory, marking the formal mass production of the world’s first GW level mass production 210 heterojunction production line, the first single line 600MW large capacity heterojunction production line, and the first ultra-efficient heterojunction production line with a mass production efficiency of more than 24.5%. Wind power giant Ming Yang Smart Energy Group Limited(601615) 2 said on the interactive platform on February 18 that the equipment procurement of the company’s heterojunction photovoltaic cell project has been completed, and the construction has been started in Yancheng City, Jiangsu Province, and the heterojunction module project has been started in Xinyang City, Henan Province; At present, everything is progressing smoothly and is expected to be put into operation within this year. With its advantages in yield, cost and efficiency, heterojunction has attracted great attention from various battery manufacturers. Up to now, the capacity planning of China’s hjt project has exceeded 130gw.
It is suggested to pay attention to the core equipment manufacturers with leading layout and dominant technology on hjt. Recommend Suzhou Maxwell Technologies Co.Ltd(300751) , and pay attention to Wuxi Autowell Technology Co.Ltd(688516) .
Lithium battery equipment: the sales volume of new energy vehicles continues to maintain rapid growth. It is recommended to pay attention to the order delivery of equipment manufacturers. According to the statistics of China Automobile Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in February 2022 was 334000 units, with a year-on-year increase of 184.3% and a penetration rate of 19.26%. According to the statistics of starting point lithium electric big data, since January, a number of projects including Contemporary Amperex Technology Co.Limited(300750) , China Innovation airlines, honeycomb energy, ski, Sunwoda Electronic Co.Ltd(300207) , vision power and other enterprises have started, with a total investment of more than 87 billion yuan, and it is expected that the new capacity will exceed 200 GWH. In addition, many projects such as China Innovation airlines, Byd Company Limited(002594) , Chuneng new energy and Chunlan have been signed, A new round of power battery production expansion war has been started. In the context of the continuous implementation of the capacity of battery manufacturers, it is suggested to focus on the order delivery of lithium battery equipment manufacturers. Recommended Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Shanghai Sk Automation Technology Co.Ltd(688155) .
Recommended combination
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It is suggested to focus on: Zhejiang Dingli Machinery Co.Ltd(603338) , Shaanxi Construction Machinery Co.Ltd(600984) , Guangxi Liugong Machinery Co.Ltd(000528) , Haili wind power, Ningbo Orient Wires & Cables Co.Ltd(603606) , Wuxi Autowell Technology Co.Ltd(688516) .
Risk tips
Risk warning: the impact of the epidemic exceeds expectations; The localization of semiconductor equipment has slowed down and price competition has intensified.
