Last week, the mechanical equipment index fell 1.42%, the Shanghai and Shenzhen 300 index fell 2.14%, and the gem index fell 2.80%. Ranking the 15th in the machinery industry.
This week’s view
Energy equipment: the national development and Reform Commission and the Energy Administration issued the “14th five year plan” for modern energy system planning. The document proposes that by 2025, the carbon dioxide emission per unit of GDP will decrease by more than 18% in five years, the energy consumption per unit of GDP will decrease by 13.5% in five years, the proportion of non fossil energy consumption will increase to about 20%, and the proportion of non fossil energy power generation will reach about 39%. Looking forward to the medium and long term, by 2030, China’s non fossil energy consumption will account for 25%; By 2035, the modern energy system will be basically completed, and renewable energy power generation will become the main power supply. In order to achieve the goal of non fossil energy by 2025, the plan proposes to give priority to local and nearby development and utilization, and speed up the construction of distributed wind power and distributed photovoltaic in the load center and surrounding areas; Accelerate the construction of large scenic bases focusing on deserts, Gobi and desert areas; Carry out hydrogen production demonstration of wind power and photovoltaic power generation; Encourage the construction of offshore wind power bases.
Photovoltaic equipment: the capacity planning of China’s hjt project exceeds 130gw. 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. Recently, Runyang Co., Ltd. and Jiangsu Zhongli Group Co.Ltd(002309) successively announced 5GW heterojunction projects. With its advantages in yield, cost and efficiency, heterojunction has attracted great attention from various battery manufacturers. Up to now, the capacity planning of China’s hjt project has exceeded 130gw. It is suggested to pay attention to the core equipment manufacturers with leading layout and dominant technology on hjt. Recommend Suzhou Maxwell Technologies Co.Ltd(300751) , and pay attention to Wuxi Autowell Technology Co.Ltd(688516) .
Wind power equipment: the modern energy system planning of the 14th five year plan promotes the layout of offshore wind power to Deep-water and far shore areas, and the development speed of offshore wind power may far exceed expectations in the future. On March 22, the national development and Reform Commission and the Energy Administration issued the “14th five year plan” for modern energy system, encouraging the construction of offshore wind power bases and promoting the distribution of offshore wind power to Deep-water and far shore areas. As of March 1, 2022, offshore wind power planning and supporting policies have been issued in various coastal areas across the country. Among them, Guangdong, Shandong, Zhejiang, Hainan, Jiangsu, Guangxi and other regions have preliminarily defined their offshore wind power development goals. According to the incomplete statistics of Polaris wind power generation network, during the 14th Five Year Plan period, the planned total installed capacity of offshore wind power in China exceeded 100gw. With the continuous decline of offshore wind turbine prices and the gradual reduction of construction costs, it is expected that offshore wind power will usher in explosive growth in the 14th Five Year Plan period. Recommend Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , and pay attention to Haili wind power and Ningbo Orient Wires & Cables Co.Ltd(603606) .
Lithium battery equipment: the sales volume of new energy vehicles continues to maintain rapid growth. It is recommended to pay attention to the order delivery of equipment manufacturers. According to the statistics of China Automobile Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in February 2022 was 334000 units, with a year-on-year increase of 184.3% and a penetration rate of 19.26%. According to the statistics of starting point lithium electric big data, since January, a number of projects including Contemporary Amperex Technology Co.Limited(300750) , China Innovation airlines, honeycomb energy, ski, Sunwoda Electronic Co.Ltd(300207) , vision power and other enterprises have started, with a total investment of more than 87 billion yuan, and the new capacity is expected to exceed 200 GWH. In addition, many projects such as China Innovation airlines, Byd Company Limited(002594) , Chuneng new energy and Chunlan have been signed, and a new round of production expansion war of power batteries has begun. In the context of the continuous implementation of the capacity of battery manufacturers, it is suggested to focus on the order delivery of lithium battery equipment manufacturers. Recommended Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Shanghai Sk Automation Technology Co.Ltd(688155) .
Semiconductor equipment: Kingsemi Co.Ltd(688037) nearly 1 billion yuan fixed increase application has been approved. Semi predicts that the global wafer factory equipment expenditure will continue to reach a new high in 22 years. According to Kingsemi Co.Ltd(688037) announcement, it is planned to issue no more than 25.2 million shares to specific objects, with a total raised capital of no more than 1 billion yuan. After deducting the issuance expenses, it is planned to be used for Shanghai Lingang Holdings Co.Ltd(600848) R & D and industrialization project, high-end wafer processing equipment industrialization project (phase II) and supplementary working capital. The application for fixed increase has been approved by the CSRC for registration, which will help the company apply for glue coating and developing machine in ARF lithography process The research and development of advanced process equipment such as immersion lithography process gluing developer and single-chip chemical cleaning machine and the improvement of production capacity of existing products actively seize the market share. According to the latest quarterly forecast report of global wafer factories released by semi, the total amount of semiconductor equipment expenditure of global front-end wafer factories in 22 years increased by 18% compared with that in 21 years, reaching a record high of 107 billion US dollars. It is the growth for three consecutive years after an increase of 42% in 21 years, breaking the 100 billion mark for the first time. In terms of customer types, wafer foundry accounts for about 50%, storage accounts for about 35%, and others account for 15%. Recommendations include the recommendation of Kingsemi Co.Ltd(688037) , Kunshan Kinglai Hygienic Materials Co.Ltd(300260) , Konfoong Materials International Co.Ltd(300666) .
Recommended combination
Recomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomportfolio: the beauty of the United for Shanghai, 30056forthe 30056of the \ , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Shanghai Sk Automation Technology Co.Ltd(688155) , Kunshan Dongwei Technology Co.Ltd(688700) , Thinkon Semiconductor Jinzhou Corp(688233) , Konfoong Materials International Co.Ltd(300666) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Kunshan Kinglai Hygienic Materials Co.Ltd(300260) .
It is suggested to focus on: Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zhejiang Dingli Machinery Co.Ltd(603338) , Shaanxi Construction Machinery Co.Ltd(600984) , Guangxi Liugong Machinery Co.Ltd(000528) , Haili wind power, Ningbo Orient Wires & Cables Co.Ltd(603606) , Wuxi Autowell Technology Co.Ltd(688516) .
Risk tips
Risk warning: the impact of the epidemic exceeds expectations; Policies fail to meet expectations; The localization process of semiconductor equipment slowed down, and the United States further banned the sale of key semiconductor equipment to China.
