Core view
Many countries in Europe adjusted their nuclear power policies, and the China National Nuclear Power Co.Ltd(601985) economy improved
Abroad: the Economic Information Daily reported on March 23 that due to concerns that the conflict between Russia and Ukraine will continue to affect the energy market, many European countries have adjusted their nuclear power policies. The UK plans to account for 25% of the power generation in 2050; Belgium announced the abolition of the nuclear energy program and postponed it for ten years; France announced plans to redevelop nuclear power. China: on March 22, the National Energy Administration issued the “14th five year plan” for modern energy system. The plan proposed to actively and orderly promote the construction of coastal nuclear power projects, maintain a stable construction rhythm and reasonably arrange new coastal nuclear power projects on the premise of ensuring safety. On March 25, the second unit of China’s independent third-generation nuclear power Hualong No. 1 demonstration project – No. 6 unit of Fuqing nuclear power of China Nuclear Power Group officially met the commercial operation conditions.
China has a positive and clear attitude towards the development of nuclear power. The independent third-generation nuclear power technology is mature, and the nuclear power boom is expected to continue to improve. In the short term, China’s batch construction / nuclear waste reprocessing + medium and long-term fourth-generation nuclear power / nuclear power export is expected to open up the growth space of nuclear power. We are optimistic about companies with high market share and high proportion of nuclear power business in the subdivided field of nuclear power, and focus on equipment links: Jiangsu Shentong Valve Co.Ltd(002438) , Anhui Yingliu Electromechanical Co.Ltd(603308) , Sinoseal Holding Co.Ltd(300470) .
Important data tracking
In the past two weeks, the machinery industry decreased by 3.89%, losing Liao Ning Oxiranchem Inc(300082) percentage points to Shanghai and Shenzhen. Since 2022, the steel price / copper price / aluminum price index has increased by 5.43% / 5.52% / 12.97%, and the comprehensive steel price / copper / aluminum price index has changed by + 0.62% / + 0.75% / + 2.51% month on month in the past two weeks compared with two weeks ago.
Cultivated diamonds: in February 2022, the import volume of cultivated diamond blanks from India was US $155 million, with a year-on-year / month on month ratio of + 85.01% / + 1.03%; The export volume of bare drilling was US $126 million, with a year-on-year / month on month ratio of + 113.55% / + 3.20%. In February, the open hole permeability of cultivated drilling / natural drilling was 6.37%; Blank drilling permeability 7.51%;
Construction machinery: according to CME’s prediction, 40000 excavators (including exports) will be sold in March 2022, with a year-on-year decrease of about 49%, and the prosperity will be affected;
Industrial Siasun Robot&Automation Co.Ltd(300024) : according to the statistics of the National Bureau of statistics, the industrial Siasun Robot&Automation Co.Ltd(300024) cumulative output from January to February 2022 was 76400 units, with a year-on-year increase of 29.60%, and the output was at a historically high level;
Industry key recommended portfolio key portfolio: Centre Testing International Group Co.Ltd(300012) , Guangzhou Grg Metrology&Test Co.Ltd(002967) Opt Machine Vision Tech Co.Ltd(688686) Shanghai Friendess Electronic Technology Corporation Limited(688188) Jiangsu Hengli Hydraulic Co.Ltd(601100) Leader Harmonious Drive Systems Co.Ltd(688017) Iray Technology Company Limited(688301) Shanghai Hanbell Precise Machinery Co.Ltd(002158) Jiangsu Guomao Reducer Co.Ltd(603915) Dongguan Yiheda Automation Co.Ltd(301029) ； Zhejiang Dingli Machinery Co.Ltd(603338) ； Shenzhen United Winners Laser Co.Ltd(688518) Zhejiang Hangke Technology Incorporated Company(688006) ； Henan Huanghe Whirlwind Co.Ltd(600172) North Industries Group Red Arrow Co.Ltd(000519) 。 The combination of the “small and beautiful” standard: the combination of the combination of the “small and the beauty for the small and the United States: the combination of the combination of the” little and the beauty for the small “standard: the combination of the combination of the” little and the beauty for the small: the combination of the “little and the beauty” standard: the combination of the “little and the beauty” standard: the combination of the combination of the “little and the beauty” standard: the combination of the “little and the beauty” standard: the combination of the combination of the Sinostar Cable Co.Ltd(300933) 00938, , Jiangsu Shentong Valve Co.Ltd(002438) .
Industry perspective: focus on leading companies with high-quality track and high medium and long-term winning probability.
1) testing service industry with good business model and large growth space: focus on Centre Testing International Group Co.Ltd(300012) , Guangzhou Grg Metrology&Test Co.Ltd(002967) , Suzhou Sushi Testing Group Co.Ltd(300416) , Emtek (Shenzhen) Co.Ltd(300938) , and pay attention to China National Electric Apparatus Research Institute Co.Ltd(688128) , China Building Material Test & Certification Group Co.Ltd(603060) , Suzhou Electrical Apparatus Science Academy Co.Ltd(300215) .
2) upstream core parts companies in growth stage or with high vision: recommend Opt Machine Vision Tech Co.Ltd(688686) , Shanghai Hanbell Precise Machinery Co.Ltd(002158) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Shanghai Friendess Electronic Technology Corporation Limited(688188) , Leader Harmonious Drive Systems Co.Ltd(688017) , Iray Technology Company Limited(688301) , Jiangsu Guomao Reducer Co.Ltd(603915) , Dongguan Yiheda Automation Co.Ltd(301029) .
3) high profile product companies: recommend North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) , Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) .
4) special / general equipment industry with high prosperity: focus on Shenzhen United Winners Laser Co.Ltd(688518) , Zhejiang Hangke Technology Incorporated Company(688006) etc.
Risk tips: macroeconomic downturn, rising prices of raw materials, sharp fluctuations in exchange rate and repeated impact of the epidemic.
