Lithium devices, semiconductor devices, panel devices, photovoltaic devices, panel devices, panel devices, panel devices, panel devices, photovoltaic devices, tools, and so on: the leading intelligence ( Wuxi Lead Intelligent Equipment Co.Ltd(300450) ), maito shares ( Suzhou Maxwell Technologies Co.Ltd(300751) ), altwell ( Wuxi Autowell Technology Co.Ltd(688516) ), Wuxi Autowell Technology Co.Ltd(688516) ( Wuxi Autowell Technology Co.Ltd(688516) ), the Shenzhen S.C New Energy Technology Corporation(300724) \ devices, panel devices, panel devices, photovoltaic devices, tools, knives, etc: the leading intelligence ( Wuxi Lead Intelligent Equipment Co.Ltd(300450) ( Wuxi Lead Intelligent Equipment Co.Ltd(300450) ), Wuxi Lead Intelligent Equipment Co.Ltd(300450) ( Suzhou Maxwell Technologies Co.Ltd(300751) , Suzhou Maxwell Technologies Co.Ltd(300751) , Suzhou Maxwell Technologies Co.Ltd(300751) , Robotechnik Intelligent Technology Co.Ltd(300757) 51), octadimension ( Swancor Advanced Materials Co.Ltd(688585) 8585858585858516), for Wuxi Autowell Technology Co.Ltd(688516) ), ( Swancor Advanced Materials Co.Ltd(688585) 8585858585858585858585858585858516), the ” ”’3007285858585858585858585 Hunan Baili Engineering Sci & Tech Co.Ltd(603959) ( Hunan Baili Engineering Sci & Tech Co.Ltd(603959) ), Wuhan Dr Laser Technology Corp.Ltd(300776) ( Wuhan Dr Laser Technology Corp.Ltd(300776) ) Shenzhen United Winners Laser Co.Ltd(688518) ( Shenzhen United Winners Laser Co.Ltd(688518) ), Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) ( Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) ), China Tungsten And Hightech Materials Co.Ltd(000657) ( China Tungsten And Hightech Materials Co.Ltd(000657) ), Oke Precision Cutting Tools Co.Ltd(688308) ( Oke Precision Cutting Tools Co.Ltd(688308) ), Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) ( Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) ), Shareate Tools Ltd(688257) ( Shareate Tools Ltd(688257) ), Shuangliang Eco-Energy Systems Co.Ltd(600481) ( Shuangliang Eco-Energy Systems Co.Ltd(600481) ), etc.
Key industry trends: Contemporary Amperex Technology Co.Limited(300750) launched the third generation CTP battery, and the manufacturing outlook declined in March Contemporary Amperex Technology Co.Limited(300750) launched the third generation CTP technology, which is internally called “Kirin battery”. Its system weight, energy density and bulk energy density continue to lead the industry. Under the same chemical system and the same battery pack size, the power of Kirin battery pack can be increased by 13% compared with 4680 system. 2) In March 2022, the purchasing manager index (PMI) of China’s manufacturing industry was 49.5%, down 0.7 percentage points month on month, and the new order index was 48.8%, down 1.9 percentage points month on month, indicating that the prosperity of manufacturing market demand fell.
Key recommendations: Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) – growth is highly deterministic, and it is recommended to focus on it in the near future. 1) The company has insight into the technical problems of power battery production, and with the accumulation of laser + automation technology, the company has launched lithium battery equipment such as high-speed laser producer and cell assembly line. In 2022, benefiting from the high prospect of downstream, the company’s new orders for lithium battery equipment will still increase by about 40%. In addition, benefiting from the company’s per capita output value, the continuous improvement of equipment standardization and other factors, the company’s profitability is expected to be enhanced and the company’s performance will be thickened. 2) Horizontally, the company has gradually shifted its layout from film making machine and cell assembly line equipment to laminating machine, coating machine, winding machine and other process equipment, so as to enhance its competitiveness in the lithium battery equipment industry. 3) The company has accumulated a lot in the laser field. We judge that it is expected to expand to more fields, such as photovoltaic equipment, so as to open a new growth curve.
Investment suggestions: 1) lithium battery detection has become a new growth point of machine vision, focusing on the whole industry layout enterprise Opt Machine Vision Tech Co.Ltd(688686) . 2) The downstream space of lithium battery equipment is large, and the equipment company has strong certainty. It is recommended to Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Zhejiang Hangke Technology Incorporated Company(688006) , China National Electric Apparatus Research Institute Co.Ltd(688128) , Shenzhen United Winners Laser Co.Ltd(688518) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) . 3) Focus on high-quality panel equipment enterprises Suzhou Hyc Technology Co.Ltd(688001) , Shenzhen Xinyichang Technology Co.Ltd(688383) . 4) Pay attention to photovoltaic equipment companies and recommend Wuxi Autowell Technology Co.Ltd(688516) , Suzhou Maxwell Technologies Co.Ltd(300751) , Wuhan Dr Laser Technology Corp.Ltd(300776) . 5) Focus on high-quality tool enterprises China Tungsten And Hightech Materials Co.Ltd(000657) , Oke Precision Cutting Tools Co.Ltd(688308) , Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) , Shareate Tools Ltd(688257) ; 6) Other concerns: Hunan Baili Engineering Sci & Tech Co.Ltd(603959) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Leader Harmonious Drive Systems Co.Ltd(688017) , Zhejiang Supcon Technology Co.Ltd(688777) , Shuangliang Eco-Energy Systems Co.Ltd(600481) , etc. (Note: Zhejiang Supcon Technology Co.Ltd(688777) , Wuxi Autowell Technology Co.Ltd(688516) are jointly covered by Huaxi machinery, computer and Dianxin teams respectively).
Risk tip: the fluctuation of economic growth increases; The order acquisition of relevant enterprises is less than expected
