Core combination [core combination] of the core combination of the core combination of ‘s Wuxi Lead Intelligent Equipment Co.Ltd(300450) 012 , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , Hangzhou Honghua Digital Technology Stock Company Ltd(688789) , Hunan Kaimeite Gases Co.Ltd(002549) / Yingkou Jinchen Machinery Co.Ltd(603396) / Robotechnik Intelligent Technology Co.Ltd(300757)
A key stock pool [focused stock pool] has been a key stock pool in a key pool of a key pool of ”’ Zhejiang Cfmoto Power Co.Ltd(603129) , Zhejiang Dingli Machinery Co.Ltd(603338) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Shaanxi Construction Machinery Co.Ltd(600984) , Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) , Jiangsu Guomao Reducer Co.Ltd(603915) , Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) Nbtm New Materials Group Co.Ltd(600114) 3 Lianchuang Electronic Technology Co.Ltd(002036) 03489 Tdg Holding Co.Ltd(600330) Zhejiang Jinggong Science & Technology Co.Ltd(002006) Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) Shanghai Friendess Electronic Technology Corporation Limited(688188) Guangzhou Grg Metrology&Test Co.Ltd(002967) Hangcha Group Co.Ltd(603298) Jack Sewing Machine Co.Ltd(603337) Guangzhou Kdt Machinery Co.Ltd(002833) Guangdong Huate Gas Co.Ltd(688268)
[last week’s report] [ Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) ] depth: China’s large slewing ring leader benefited from the high prosperity of wind power bearings and domestic substitution. [ Henan Liliang Diamond Co.Ltd(301071) ] depth: cultivate diamond rookies to rise, expand rapidly and have great performance flexibility. [ Jade Bird Fire Co.Ltd(002960) ] performance meets expectations; “3 + 2 + 2” business framework takes shape; Enter the acceleration period. [ Hefei Meiya Optoelectronic Technology Inc(002690) ] the performance is slightly lower than expected; Breakthrough in oral CT channels; Contract liabilities increased by 89%. [ Opt Machine Vision Tech Co.Ltd(688686) ] the annual performance increased by 24%, and lithium new energy driven future performance growth. [ China Railway Hi-Tech Industry Corporation Limited(600528) ] new orders in 2021 increased by 12%; New applications such as pumping and energy storage have opened up space.
[core view] we are optimistic about new energy equipment, semiconductor equipment, industrial gas, diamond cultivation and silicon carbide
[photovoltaic equipment] the EU photovoltaic Association released the energy independence proposal and proposed to accelerate the installation of photovoltaic in Europe + enhance the independence of the European photovoltaic industry. Recently, Longji and central raised the price of silicon wafer again, and the price was close to the new high in the past year. Tongwei plans to expand 32gw battery capacity 3 Hunan Valin Steel Co.Ltd(000932) 10 heterojunction battery has a maximum conversion efficiency of 24.28% (after 2 weeks of commissioning), and Maiwei hjt3.0 is adopted 0 device. Runyang Co., Ltd. plans to be listed on the gem and raise 4 billion yuan to expand the production of polysilicon and 5GW heterojunction batteries. Continue to pay attention to the progress of new technologies of photovoltaic cells. The photovoltaic equipment continues to recommend Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Suzhou Maxwell Technologies Co.Ltd(300751) , Wuxi Autowell Technology Co.Ltd(688516) , Wuxi Shangji Automation Co.Ltd(603185) , Yingkou Jinchen Machinery Co.Ltd(603396) , Shenzhen S.C New Energy Technology Corporation(300724) , etc.
[wind power equipment] according to the statistics of China wind power news network, in the first quarter of 2022, wind turbines won 10.6gw in public bidding, among which the winning scale of vision, Yunda, Sany Heavy energy, Mingyang and Jinfeng ranked among the top five, respectively 2.5gw, 2gw, 1.4gw, 1.3gw and 0.88gw. It is expected that with the introduction of offshore wind power subsidy policies, offshore wind power bidding will usher in a peak in the second quarter. Recommend Zhejiang Windey Co.Ltd(300772) , Riyue Heavy Industry Co.Ltd(603218) , Ficont Industry (Beijing) Co.Ltd(605305) , Asian Star Anchor Chain Co.Ltd.Jiangsu(601890) , and look forward to Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , Ningbo Orient Wires & Cables Co.Ltd(603606) , Haili wind power, Ming Yang Smart Energy Group Limited(601615) , etc.
[lithium battery equipment] Byd Company Limited(002594) announcement: due to the needs of strategic development, the production of fuel vehicles will be stopped from March 2022. The sales volume of China Automobile Energy Association released 1.55 million new vehicles year-on-year; Among them, 334000 vehicles were sold in February, with a year-on-year increase of 184%, exceeding market expectations. The retail penetration rate of new energy vehicles in China is 21.8%, 13 percentage points higher than the penetration rate of 8.1% in the same period in 2021. The passenger Association predicts that the sales volume of new energy vehicles will be 6 million in 2022, with a penetration rate of 22%. We are optimistic about the equipment opportunities brought by new technologies such as 4680 large cylindrical lithium battery, lamination machine, chemical capacity division and power exchange. Recommended lithium battery equipment faucets Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Shanghai Sk Automation Technology Co.Ltd(688155) , Zhejiang Hangke Technology Incorporated Company(688006) , Guangdong Lyric Robot Automation Co.Ltd(688499) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , Shenzhen United Winners Laser Co.Ltd(688518) , Vt Industrial Technology Co.Ltd(300707) .
[semiconductor equipment] semi estimates that in 2022, the total equipment expenditure of global front-end wafer factories will increase by 18% year-on-year to US $107 billion, a record high; Hebei Tongguang released the IPO guidance filing report Sanan Optoelectronics Co.Ltd(600703) and ideal automobile set up a joint venture to lay out the automotive SiC chip and module market. Recommend Robotechnik Intelligent Technology Co.Ltd(300757) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Naura Technology Group Co.Ltd(002371) ; Be optimistic about Advanced Micro-Fabrication Equipment Inc.China(688012) , Wuhan Jingce Electronic Group Co.Ltd(300567) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , Pnc Process Systems Co.Ltd(603690) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , etc.
[cultivating diamonds] the prosperity of cultivating diamonds is upward. Recommend North Industries Group Red Arrow Co.Ltd(000519) , Henan Liliang Diamond Co.Ltd(301071) , and look forward to Henan Huanghe Whirlwind Co.Ltd(600172) , Sinomach Precision Industry Co.Ltd(002046) , Sf Diamond Co.Ltd(300179) , etc.
[industrial gas] affected by the conflict between Russia and Ukraine, the price of rare gas has accelerated in the short term. It is estimated that China’s industrial gas market space is nearly 200 billion yuan, which is expected to cultivate large market value companies, and the market value of overseas comparable companies is Tsinghua Tongfang Co.Ltd(600100) billion; We are optimistic about the domestic substitution of electronic special gas. Recommend Hunan Kaimeite Gases Co.Ltd(002549) , and look forward to Hangzhou Oxygen Plant Group Co.Ltd(002430) , Guangdong Huate Gas Co.Ltd(688268) , Suzhou Jinhong Gas Co.Ltd(688106) .
[construction machinery] affected by the epidemic, CME estimates that the sales volume of excavators (including exports) will be about 40000 in March 2022, with a year-on-year growth rate of about – 49% and a decrease of about 36 PCT month on month. With the commencement of major projects, the decline in Q2 is expected to narrow. The sales volume of excavators will be about 310000 in 2022, a year-on-year decrease of about 10%. Recommend Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zhejiang Dingli Machinery Co.Ltd(603338) , Hangcha Group Co.Ltd(603298) , Xcmg Construction Machinery Co.Ltd(000425) ; Watch Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Shaanxi Construction Machinery Co.Ltd(600984) , Anhui Heli Co.Ltd(600761) , Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) .
[oil and gas equipment] ice oil distribution exceeds US $100 / barrel, reaching an 8-year high. We recommend Yantai Jereh Oilfield Services Group Co.Ltd(002353) , Sinoseal Holding Co.Ltd(300470) , and look forward to China Oilfield Services Limited(601808) , etc.
[inspection and testing] recommended Centre Testing International Group Co.Ltd(300012) ; Continue to be optimistic about Guangzhou Grg Metrology&Test Co.Ltd(002967) , Shenzhen Anche Technologies Co.Ltd(300572) , China Building Material Test & Certification Group Co.Ltd(603060) , Suzhou Sushi Testing Group Co.Ltd(300416) .
[consumption upgrading / overseas export] it is expected that the cost end of the export industrial chain will be marginally improved. In February, the industry’s large displacement two wheeled vehicles were + 37% year-on-year, and the company’s 250cc + two wheeled vehicles were + 348% year-on-year. Highlight Zhejiang Cfmoto Power Co.Ltd(603129) , Ningbo Lehui International Engineering Equipment Co.Ltd(603076) , Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) , Zhejiang Dingli Machinery Co.Ltd(603338) , Hangzhou Great Star Industrial Co.Ltd(002444) , Hangzhou Youngsun Intelligent Equipment Co.Ltd(603901) , Guangdong Jinma Entertainment Corporation Limited(300756) .
[fire electronics] the State Council issued the notice on the national emergency system planning for the 14th five year plan, emphasizing that the key points of the 14th five year plan include emerging business forms such as electric vehicles, electric bicycles and electrochemical energy storage facilities, and urging catering and other industries to strive to install gas leakage alarm devices. Recommend Jade Bird Fire Co.Ltd(002960) ; Watch Guoanda Co.Ltd(300902) .
[digital printing] Xiyin plans to invest 15 billion yuan to build the “Xiyin Bay district supply chain headquarters” in Guangzhou, which is expected to accelerate the rapid increase of China’s digital printing penetration. Recommend Hangzhou Honghua Digital Technology Stock Company Ltd(688789) , Guangdong Dongfang Precision Science & Technology Co.Ltd(002611) .
Risk tips: 1) infrastructure and real estate investment is lower than expected; 2) Covid-19 epidemic spread beyond the expected risk.
