Market Review
In the current period (from February 14 to March 18), the CSI 300 fell 0.9% and the machinery sector fell 1.8%, ranking 15 among the 28 Shenwan industries. In terms of subdivided industries, laser processing equipment increased the most, up 9.0%; Plastic processing machinery fell the most, down 6.1%.
This week's view
The capital expenditure of manufacturing industry is highly resilient, and the industrial Siasun Robot&Automation Co.Ltd(300024) , forklift maintain high growth.
According to the statistics of China Construction Machinery Industry Association, the sales volume of forklifts in February was 71000 units, up 71% year-on-year. On the basis of the record high in January, it hit a new high in February. Considering the disturbance factors of the Spring Festival, the total data from January to February are more valuable for reference. The total sales of forklifts from January to February were 155000, up 33% year-on-year, maintaining a high-speed growth. At the same time, industrial Siasun Robot&Automation Co.Ltd(300024) demand is also very hot. According to the data of the National Bureau of statistics, the industrial Siasun Robot&Automation Co.Ltd(300024) output reached 76000 units from January to February, with a year-on-year increase of 29.6%. According to our grassroots research, since this year, the industrial Siasun Robot&Automation Co.Ltd(300024) production has been significantly lower than the demand, which is reflected in the Siasun Robot&Automation Co.Ltd(300024) enterprise side. The orders are full and the delivery period has been greatly extended. Moreover, according to the industrial feedback, all the downstream demand of industrial Siasun Robot&Automation Co.Ltd(300024) is very good. In addition to the general-purpose industry, the demand of new energy industries such as lithium battery and photovoltaic is also very strong! From now on, the resilience of capital expenditure in manufacturing industry is stronger than expected. At present, there is a strong demand for small and medium-sized enterprises in many general industries. Especially under the epidemic, the problem of labor shortage is more urgent, and the automation demand of enterprises is hot!
Investment suggestions:
Capital spending in manufacturing is more resilient than expected. Capital spending in the manufacturing industry is stronger than expected. Capital spending in capital spending in the manufacturing industry is stronger than expected. It is expected to focus on the domestic industry Siasun Robot&Automation Co.Ltd(300024) 761 , Hangcha Group Co.Ltd(603298) , Noblelift Intelligent Equipment Co.Ltd(603611) , motion control leader Shenzhen Inovance Technology Co.Ltd(300124) , CNC machine tool industry leader Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) , laser leader Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) , Injection molding machine faucet Guangdong Yizumi Precision Machinery Co.Ltd(300415) etc.
Risk tips
Macroeconomic fluctuations, external demand fluctuations.
