Lithium devices, semiconductor devices, panel devices, panel devices, photovoltaic devices, panel devices, panel devices, panel devices, photovoltaic devices, and tools, among which to highlight lithium devices, semiconductor devices, panel devices, photovoltaic devices, and knives: the Wuxi Lead Intelligent Equipment Co.Ltd(300450) devices, devices, and so on: Wuxi Lead Intelligent Equipment Co.Ltd(300450) ), Guangdong Lyric Robot Automation Co.Ltd(688499) ( Guangdong Lyric Robot Automation Co.Ltd(688499) ), China National Electric Apparatus Research Institute Co.Ltd(688128) ( China National Electric Apparatus Research Institute Co.Ltd(688128) ), Shenzhen Xinyichang Technology Co.Ltd(688383) ( Shenzhen Xinyichang Technology Co.Ltd(688383) ), Hunan Baili Engineering Sci & Tech Co.Ltd(603959) ( Hunan Baili Engineering Sci & Tech Co.Ltd(603959) ), Wuhan Dr Laser Technology Corp.Ltd(300776) ( Wuhan Dr Laser Technology Corp.Ltd(300776) ) Shenzhen United Winners Laser Co.Ltd(688518) ( Shenzhen United Winners Laser Co.Ltd(688518) ), Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) ( Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) ), China Tungsten And Hightech Materials Co.Ltd(000657) ( China Tungsten And Hightech Materials Co.Ltd(000657) ), Oke Precision Cutting Tools Co.Ltd(688308) ( Oke Precision Cutting Tools Co.Ltd(688308) ), Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) ( Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) ), Shareate Tools Ltd(688257) ( Shareate Tools Ltd(688257) ), Shuangliang Eco-Energy Systems Co.Ltd(600481) ( Shuangliang Eco-Energy Systems Co.Ltd(600481) ), etc.
Key industry trends: the conversion efficiency of hjt has exceeded 26%, and Sany Heavy Industry Co.Ltd(600031) plans to issue GDR overseas. 1) Recently, certified by the Cecep Solar Energy Co.Ltd(000591) Research Institute (ISFH) in Hamelin, Germany, Suzhou Maxwell Technologies Co.Ltd(300751) and sundrive, an Australian Metallization Technology Company, used the mass production process to achieve a conversion efficiency of 26.07% on full-size (M6 size, 274.3cm2) single crystal heterojunction batteries, which further verified the feasibility of the mass production efficiency of heterojunction batteries crossing the 26% mark in the future. We believe that high efficiency battery technologies such as TOPCON and hjt are expected to coexist in the next few years. Hjt has obvious advantages and is expected to stand out in the long run. 2) On March 15, Sany Heavy Industry Co.Ltd(600031) announced that the company plans to issue global Depositary Receipts (GDRs) overseas and list on the Swiss stock exchange. The company plans to issue GDR to broaden international financing channels, meet the needs of the company’s international business development and promote the internationalization strategy; At the same time, it is also an important measure for the company to respond to the call of China’s capital market policy, deepen the interconnection of China EU capital markets, and use overseas capital markets to promote the development of real economy.
Key recommendations: Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) – growth is highly deterministic, and it is recommended to focus on it in the near future. 1) The company has insight into the technical problems of power battery production, and with the accumulation of laser + automation technology, the company has launched lithium battery equipment such as high-speed laser producer and cell assembly line. In 2022, benefiting from the high prospect of downstream, the company’s new orders for lithium battery equipment will still increase by about 40%. In addition, benefiting from the company’s per capita output value, the continuous improvement of equipment standardization and other factors, the company’s profitability is expected to be enhanced and the company’s performance will be thickened. 2) Horizontally, the company has gradually shifted its layout from film making machine and cell assembly line equipment to laminating machine, coating machine, winding machine and other process equipment, so as to enhance its competitiveness in the lithium battery equipment industry. 3) The company has accumulated a lot in the laser field. We judge that it is expected to expand to more fields, such as photovoltaic equipment, so as to open a new growth curve.
Investment suggestions: 1) lithium battery detection has become a new growth point of machine vision, focusing on the whole industry layout enterprise Opt Machine Vision Tech Co.Ltd(688686) . 2) The downstream space of lithium battery equipment is large, and the equipment company has strong certainty. It is recommended to Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Zhejiang Hangke Technology Incorporated Company(688006) , China National Electric Apparatus Research Institute Co.Ltd(688128) , Shenzhen United Winners Laser Co.Ltd(688518) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) . 3) Focus on high-quality panel equipment enterprises Suzhou Hyc Technology Co.Ltd(688001) , Shenzhen Xinyichang Technology Co.Ltd(688383) . 4) Recommended laser cutting control system faucet Shanghai Friendess Electronic Technology Corporation Limited(688188) . 5) Pay attention to photovoltaic equipment companies and recommend Wuxi Autowell Technology Co.Ltd(688516) , Suzhou Maxwell Technologies Co.Ltd(300751) , Wuhan Dr Laser Technology Corp.Ltd(300776) . 6) Focus on high-quality tool enterprises China Tungsten And Hightech Materials Co.Ltd(000657) , Oke Precision Cutting Tools Co.Ltd(688308) , Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) , Shareate Tools Ltd(688257) ; 7) Other concerns: Hunan Baili Engineering Sci & Tech Co.Ltd(603959) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Leader Harmonious Drive Systems Co.Ltd(688017) , Zhejiang Supcon Technology Co.Ltd(688777) , Shuangliang Eco-Energy Systems Co.Ltd(600481) , etc. (Note: Shanghai Friendess Electronic Technology Corporation Limited(688188) , Zhejiang Supcon Technology Co.Ltd(688777) , Wuxi Autowell Technology Co.Ltd(688516) are jointly covered by Huaxi machinery, small and medium-sized disk, computer and power new teams respectively).
Risk tip: the fluctuation of economic growth increases; The order acquisition of relevant enterprises is less than expected. Measurement and
