Key investment points:
CITIC machinery sector fell in the current period, and the profit-making effect of individual stocks was poor. In this period, CS machinery sector fell 1.52%, outperforming CSI 300 (2.14%) by 0.62 PCT, ranking 19th in 30 CS primary industries. Among the tertiary sub industries, services Siasun Robot&Automation Co.Ltd(300024) , mining and metallurgical machinery and laser processing equipment led the increase, rising 4.65%, 3.62% and 3.02% respectively. Nuclear power equipment, aerial vehicles and shipbuilding lagged behind, falling 9.62%, 4.63% and 2.43% respectively.
The medium and long-term plan for hydrogen energy has been issued, and hydrogen energy has entered the strategic development sequence. The introduction of the medium and long-term plan for hydrogen energy and the entry of hydrogen energy into the national new energy strategic development series are good for the hydrogen industry chain in the medium and long term. The plan puts forward the objectives of various stages of the development of hydrogen energy industry: by 2025, basically master the core technology and manufacturing process, the number of fuel cell vehicles is about 50000, deploy and build a number of hydrogen refueling stations, the hydrogen production capacity of renewable energy will reach 1 China Vanke Co.Ltd(000002) 00000 tons / year, and the carbon dioxide emission reduction will be 1-2 million tons / year. By 2030, a relatively complete technological innovation system for hydrogen energy industry and a clean energy hydrogen production and supply system will be formed to effectively support the realization of the carbon peak goal. By 2035, a diversified application ecology of hydrogen energy will be formed, and the proportion of hydrogen production from renewable energy in terminal energy consumption will increase significantly. At present, China's hydrogen energy industry is still in the import stage, and is developing from 0-1 to 1-100. In the future, there will be ten times or even more development space. It is suggested to focus on the core equipment of the hydrogen industry chain.
Investment advice
Continue to focus on the mainstream track of scientific and technological growth. In the short term, the track of mainstream new energy equipment and semiconductor equipment has been fully adjusted, and there are signs of stabilizing and oversold rebound. It is suggested to actively participate in the opportunity of bottom reading rebound. This year, lithium battery equipment orders are full, and the situation of short supply still continues. This year, a large amount of photovoltaic funds still enter the market, and the production expansion of the whole industrial chain is very strong, which is good for the core enterprises of photovoltaic equipment. In the medium and long term, new energy equipment (photovoltaic equipment, wind power equipment, lithium battery equipment) and semiconductor equipment are still the direction with the most definite growth and the largest growth space.
The medium and long-term plan for hydrogen energy has been issued, and hydrogen energy has entered the national new energy strategic development series, which is good for the hydrogen industry chain in the medium and long term. At present, China's hydrogen energy industry is still in the introduction stage, moving from 0-1 to 1-100. In the future, there is ten or even more times the development space. It is suggested to focus on the core equipment of the hydrogen industry chain.
This year's economic growth is under great pressure. Policies have focused on stabilizing growth for many times. It is expected that various measures to stabilize growth will be continuously strengthened in the first half of the year. International oil prices continued to rise sharply, at a high level, which was good for the leaders of oil and gas equipment and other sectors.
Continue to emphasize the specialized and new small giant enterprises that pay attention to strategic emerging industries. It is suggested to focus on the machinery industry, focus on the upstream core parts, and make a breakthrough. The direction with large space for domestic import substitution mainly focuses on the targets, including domestic core parts, basic parts and key targets of domestic machine tools.
Risk tips: 1: the growth rate of manufacturing investment is lower than expected; 2: Export demand is lower than expected; 3:
The demand of downstream industries is lower than expected; 4: Raw material prices continued to rise.
