Under the repeated epidemic situation, the industrial Siasun Robot&Automation Co.Ltd(300024) demand is expected to maintain growth
According to the National Bureau of statistics, in the first two months of this year, China’s industrial output of Siasun Robot&Automation Co.Ltd(300024) accumulated 76000 units, with a year-on-year increase of 29.6%, which rebounded compared with 18.4% in December 2021. In addition, the added value of the industry in the first two months increased by 7.2%, of which the output of new energy vehicles increased by 150.5% year-on-year respectively; The manufacturing of railways, ships, aerospace and other transportation equipment increased by 4.2%, the manufacturing of electrical machinery and equipment increased by 13.6%, and the manufacturing of computers, communications and other electronic equipment increased by 12.7%. Industry Siasun Robot&Automation Co.Ltd(300024) as a typical high-end general automation equipment, conforms to the industrial upgrading trend of “machine replacing man”. There is great room for penetration improvement in both emerging application fields and general traditional manufacturing industries. In 2021, China’s industrial Siasun Robot&Automation Co.Ltd(300024) sales exceeded 260000 units, with a year-on-year growth rate of more than 53%, accounting for more than 50% of global sales. It has been the world’s largest industrial Siasun Robot&Automation Co.Ltd(300024) market for eight consecutive years. Under the repeated epidemic, the flow of personnel is weakened, and the industrial Siasun Robot&Automation Co.Ltd(300024) demand is expected to maintain a relatively excellent growth during the recovery of China’s manufacturing industry. It is suggested to focus on Estun Automation Co.Ltd(002747) , Shenzhen Inovance Technology Co.Ltd(300124) , green space harmonic, Guangdong Topstar Technology Co.Ltd(300607) , etc.
China’s boom in the oil service industry continues and overseas recovery is imminent
Affected by the Russian Ukrainian war and the high implementation rate of OPEC production reduction, the crude oil price hit a new high in recent years and exceeded US $100 / barrel. The oil price continues to be higher than the comfort zone, and the global oil service market is expected to continue to recover in 2022. From China’s perspective, crude oil and natural gas are highly dependent on foreign countries, so it is urgent to ensure national energy security. Driven by the “seven-year action plan”, the “three barrels of oil” have increased capital expenditure. CNOOC expects to double its workload and proved reserves by 2025, of which the proved reserves will exceed 5 billion barrels. China’s offshore oil and gas resources have great exploitation potential and sustainability. It is suggested to focus on China Oilfield Services Limited(601808) . As the leader of offshore oil and gas production services, the company occupies the advantages of technology and scale, and has strong profit elasticity in the recovery period of global oil service.
Industry rating and opinion update this week
China’s manufacturing industry is in a period of continuous transformation and upgrading, which will bring broad market space to the high-end equipment industry and maintain the industry’s “overweight” rating. It is recommended to focus on industrial automation, self controlled semiconductor equipment, carbon neutralization, accelerating new energy industry and benefiting photovoltaic equipment and lithium battery equipment, urban rail equipment benefiting from new infrastructure, and oil service industry gradually recovering under the promotion of energy security.
This week’s core recommendations
Advanced Micro-Fabrication Equipment Inc.China(688012) : the leading position of the company in the etching field of semiconductor equipment and the gradual large-scale production of the company’s MOCVD equipment in the field of mini led. The company is committed to building a platform company and will gradually grow into an influential semiconductor equipment company in the world China Oilfield Services Limited(601808) : as the leader of offshore oil and gas exploitation services, the company occupies the advantages of technology and scale, and has strong profit elasticity in the recovery period of global oil service; China has benefited from the steady increase in the certainty of “three barrels of oil” capital expenditure under the national energy security strategy, and the company is expected to enter the release period of profit flexibility.
Dongguan Yiheda Automation Co.Ltd(301029) : with the advantages of localized services, the applicability of various automation equipment in local industries and the supporting advantages of Chinese manufacturing system, the company continues to maintain the improvement trend of China’s market share in the context of the upgrading of China’s manufacturing industry and the rise of emerging industries.
Risk tips
The macroeconomic boom is lower than expected; China’s fixed asset investment is less than expected; The implementation of policies in key industries is less than expected; There is uncertainty in the company’s promotion of relevant matters.
