Market review this week. This week, the wind new material index closed at 466352, down 0.15% month on month. Among them, Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) (16.7%), Kbc Corporation Ltd(688598) (6.53%), Jiangsu Shuangxing Color Plastic New Materials Co.Ltd(002585) (6.19%), Red Avenue New Materials Group Co.Ltd(603650) (6.07%), Shanghai Pret Composites Co.Ltd(002324) (5.38%); The top five declines were Weihai Guangwei Composites Co.Ltd(300699) (- 9.33%), Henan Jindan Lactic Acid Technology Co.Ltd(300829) (- 8.91%), Ningbo Solartron Technology Co.Ltd(688299) (- 8.75%), Shandong Ruifeng Chemical Co.Ltd(300243) (- 7.24%), Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) (- 7.24%). Among the six sub industries, the semiconductor material index of Shenwan tertiary industry closed at 816549 points, down 0.89% month on month; Shenwan tertiary industry display material index closed at 108794 points, down 3.15% month on month; The organosilicon material index of CITIC’s tertiary industry closed at 944006 points, down 4.22% month on month; CITIC’s tertiary industry carbon fiber index closed at 416965 points, up 6.53% month on month; CITIC’s tertiary industry lithium battery index closed at 526584 points, up 5.39% month on month; The wind concept degradable plastics index closed at 187092, down 2.44% month on month.
Intel will invest more than 33 billion euros in the EU for Semiconductor R & D and manufacturing. On March 16, Intel announced that it would invest 17 billion euros to build a leading semiconductor factory in Germany and create a new R & D and design center in France. In addition, the company also plans to invest in R & D, manufacturing and OEM services in Ireland, Italy, Poland and Spain. The core of the investment plan is to balance the global semiconductor supply chain and expand Intel’s production capacity in Europe. The new fab is expected to start construction in the first half of 2023 and is planned to go online in 2027. The new factory is expected to use Intel’s most advanced transistor technology to produce chips to meet the needs of OEM customers and Intel in Europe and around the world.
Hangzhou First Applied Material Co.Ltd(603806) revenue increased by 53.20%. On March 17, Hangzhou First Applied Material Co.Ltd(603806) issued the annual report for 2021. In 2021, the company achieved a revenue of 12.858 billion yuan, a year-on-year increase of 53.20%, and a net profit attributable to the parent company of 2.197 billion yuan, a year-on-year increase of 40.35%. The company’s electronic materials business has entered a period of accelerated volume, in which the leading position of the rubber film track is stable and the advantage of pricing power is obvious.
Recommendation of key targets: downstream demand promotes industrial upgrading and innovation, and the industry has entered a period of rapid development. With the continuous breakthrough of high and new technology, the downstream demand will migrate to high-standard and high-performance materials, which is expected to drive the rapid development of the industry while promoting the upgrading of high-end manufacturing. In terms of industrial coordination and layout, we recommend Shandong Sinocera Functional Material Co.Ltd(300285) , a new material platform company. In terms of electronic chemicals, the downstream wafer factories have been completed continuously, and the chip production capacity has been further increased. The key attention is: Jiangsu Yoke Technology Co.Ltd(002409) . It is suggested to pay attention to: Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , Hubei Dinglong Co.Ltd(300054) , Guangdong Huate Gas Co.Ltd(688268) . In terms of polymer materials, the focus is on anti aging additives, Rianlon Corporation(300596) . Photovoltaic materials sector, focusing on the rubber film faucet Hangzhou First Applied Material Co.Ltd(603806) .
Risk tip: downstream demand is less than expected, product price fluctuation risk, new capacity release is less than expected, etc.
