The intelligent mine industry has entered a period of rapid development and has a broad market space. The purpose of mine intelligent construction is to enable few people or even no one to work underground. Since 2020, driven by policies, technology and other factors, the development of the industry has accelerated. The intelligent mine industry has a vast space. Only based on the analysis of coal mines with relatively urgent intelligent construction, according to the calculation of 4000 mines in China by the end of 2025, assuming that the average intelligent investment of a single mine is more than 100 million yuan, the theoretical market space of coal mine intelligence is more than 400 billion yuan; If only the large-scale coal mines and coal mines with serious disasters required by the policy are basically intelligent in 2025, the market space for intelligent coal mines during the “14th five year plan” period will be more than 120 billion yuan. In addition, the number of non coal mines in China is even larger. At present, there are more than 30000 non coal mines in China, and the overall risk level is no less than that of coal mines. There is a broad market space for coal + non coal intelligent transformation.
National policy guidance, the entry of giant Huawei and the improvement of coal enterprise profits have accelerated the development of the industry. First of all, the state attaches great importance to the intelligent construction of coal mines, and the top-level design of policies has been continuously improved. A series of guidance has gradually solved the problems of when, what and how in the construction of intelligent coal mines. At the same time, the local government actively follows the relevant policy rules for import and export to Taiwan, and the central + local strong guidance is the primary factor for the acceleration of industrial development; Secondly, in recent years, the giant Huawei has accelerated its layout in the field of mine intelligence. On the one hand, as a 5g equipment giant, Huawei’s entry has laid the foundation for the construction of high-quality network in intelligent mines; On the other hand, based on its own technical advantages, Huawei has provided the industry with a complete set of capabilities of “big data + AI + industrial Internet”, which has accelerated the penetration of mine intelligence; Finally, in the medium term, coal is still China’s leading energy (according to the National Bureau of statistics, China’s coal consumption accounts for 56.8% of the total energy consumption in 2020). Recently, the short-term profitability of coal enterprises has increased significantly with the rise of coal prices. At the same time, under the new long-term cooperative price pricing mechanism, the coal price center has increased significantly, which provides more guarantee for the medium and long-term high profitability of coal enterprises, and then provides favorable support for the construction of coal intelligence.
A hundred flowers bloom in the market, and application system manufacturers welcome historic development opportunities. We divide the industrial chain of intelligent mining industry into three levels: Infrastructure & equipment, operating system & middle platform and application system. On the whole, the industry presents “a hundred flowers bloom in hardware, platforms and application systems dominated by large factories”
The pattern of. From the perspective of growth, we are optimistic about the development opportunities of application system manufacturers in the next 5-10 years. It is suggested to focus on the leading Mine Geographic Information System Beijing Longruan Technologies Inc(688078) , which has obvious bottom technology advantages, and the North Road intelligent control with relatively perfect product system and integrated software and hardware and full product chain layout (to be listed and jointly covered by the communication group), The leading manufacturer of intelligent mine signal control and safety dispatching Hefei Gocom Information Technology Co.Ltd(688367) and the supplier of old mine safety monitoring and early warning products Chongqing Mas Sci.& Tech.Co.Ltd(300275) . Other suggestions focus on Kodak automatic control, Tiandi Science & Technology Co.Ltd(600582) (Machinery Group), Uroica Precision Information Engineering Co.Ltd(300099) (Machinery Group), Wuxi Boton Technology Co.Ltd(300031) (Media group combined coverage).
Risk warning: the implementation of the policy is not as strong as expected; Technology or product subversion risk; The decline in coal prices led to a sharp decline in the profits of coal enterprises.
