1. Phosphorus chemical industry has a strong business cycle and is optimistic about the medium and long-term growth under the integrated development: we believe that phosphorus chemical industry is a small number of chemical industry chains that have basically completed the integration of upstream resources and formed a sub industry of integrated development. The downstream is mainly used in the field of agrochemical industry, with strong rigidity, which is a better allocation direction under the background of stagflation. In the context of global energy transformation and geopoliticbackground of the global energy transition and geopoliticbackground, we judge that the price of phosphate fertilizer and phosphate products in this round of round is likely to remain high for a long time, while the new energy trend is turning on the growth of phosphorus and fluorine, while the new energy trend is turning on the growth of phosphorus and fluorine elements, while the new energy trend is turning on the growth of the new energy trend, and the new energy trend is turning on the growth of phosphorus and fluorine elements, with the focus on the recommendations of the Hongda Xingye Co.Ltd(002002) Guizhou Chanhen Chemical Corporation(002895) Guizhou Chanhen Chemical Corporation(002895) Guizhou Chanhen Chemical Corporation(002895) 9 , Shenzhen Batian Ecotypic Engineering Co.Ltd(002170) .
2. Grasp the chemical investment opportunities under the main line of inflation: 1) oil and gas industry chain: high oil prices directly benefit the upstream exploration and production and oil service links. Petrochina Company Limited(601857) , CNOOC and alternative energy coal ( Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , Ningxia Baofeng Energy Group Co.Ltd(600989) ), gas head (satellite Chemistry), biodiesel ( Longyan Zhuoyue New Energy Co.Ltd(688196) , Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) ). 2) Agrochemical industry chain: it is suggested to pay attention to Qingdao East Steel Tower Stock Co.Ltd(002545) , Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) . Key recommendations for phosphorus chemical industry Guizhou Chanhen Chemical Corporation(002895) , Yunnan Yuntianhua Co.Ltd(600096) , Hubei Xingfa Chemicals Group Co.Ltd(600141) , Hubei Yihua Chemical Industry Co.Ltd(000422) , Sichuan Development Lomon Co.Ltd(002312) , Xinyangfeng Agricultural Technology Co.Ltd(000902) , Chengdu Wintrue Holding Co.Ltd(002539) , Shanghai Zhongyida Co.Ltd(600610) (backdoor of Wengfu group). Pesticides: recommend Jiangsu Yangnong Chemical Co.Ltd(600486) (China’s leading pyrethroid, multi project boosts the sustainable growth of the company), Shandong Weifang Rainbow Chemical Co.Ltd(301035) (a locally born multinational crop protection enterprise), Hailir Pesticides And Chemicals Group Co.Ltd(603639) (hengning project is accelerated, and the integration of technical drugs and preparations is accelerated), Limin Group Co.Ltd(002734) (the project has rich reserves and is optimistic about the development prospect of biological pesticides), Hubei Xingfa Chemicals Group Co.Ltd(600141) (glyphosate).
3. Firmly optimistic about leading chemical companies: at present, we believe that the core competitiveness of excellent chemical companies is still strong, with outstanding growth in the future, and the valuation has fallen to the bottom of history. We are firmly optimistic about leading chemical companies, and we suggest to over allocate Wanhua Chemical Group Co.Ltd(600309) , Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , satellite chemistry, Rongsheng Petro Chemical Co.Ltd(002493) , Hengli Petrochemical Co.Ltd(600346) , Jiangsu Eastern Shenghong Co.Ltd(000301) .
4. Continue to be optimistic about the upstream materials of the new energy industry chain: since the fourth quarter of 2021, the adjustment range of the middle and upstream materials sector of new energy has been large. On the one hand, it is affected by the decline of the price of traditional chemical products, on the other hand, it is also affected by the overall valuation of the new energy sector. However, we believe that 2021 is the first year of the layout of many chemical leaders who have transformed into the field of new energy materials, In 2022, the market of the sector will enter the stage of landing and verification from the expected hype. Under the trend of rapid growth of medium and long-term demand for new energy, chemical leaders still have great potential by virtue of their advantages in technology, industrial chain integration, large-scale and environmental protection treatment. Under the condition that the supply and demand of the industry is still tight in 2022, we are optimistic about the targets that the production capacity is expected to be given priority in 2022 and the performance is expected to continue to grow: lithium battery binder PVDF (Eastern Yue Group, Lecron Industrial Development Group Co.Ltd(300343) Great Chinasoft Technology Co.Ltd(002453) , Liao Ning Oxiranchem Inc(300082) , Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , satellite Chemistry), upstream materials of photovoltaic industry chain ( Jiangsu Eastern Shenghong Co.Ltd(000301) , Levima Advanced Materials Corporation(003022) , Sichuan Hebang Biotechnology Co.Ltd(603077) , Zhejiang Hailide New Material Co.Ltd(002206) ) Upstream materials of wind power industry chain (Jilin Carbon Valley, Jilin chemical, Weihai Guangwei Composites Co.Ltd(300699) , Kangda New Materials(Group) Co.Ltd(002669) , Yangzhou Chenhua New Material Co.Ltd(300610) , Wuxi Acryl Technology Co.Ltd(603722) , Zhejiang Huangma Technology Co.Ltd(603181) ).
5. Pay attention to the sustained prosperity and profit recovery sub industries: vitamins ( Zhejiang Nhu Company Ltd(002001) , Brother Enterprises Holding Co.Ltd(002562) , Zhejiang Medicine Co.Ltd(600216) , Zhejiang Garden Bio-Chemical High-Tech Co.Ltd(300401) ), soda ash ( Inner Mongoliayuan Xing Energy Company Limited(000683) , Shandong Haihua Co.Ltd(000822) , Tangshan Sanyou Chemical Industries Co.Ltd(600409) ).
6. Consumer growth stocks and new material growth stocks with high ceiling and stable profits: they are optimistic about the high ceiling and stable profits, and can grow into a track of “big companies” in the future. Artificial meat and plant capsules ( Shandong Head Co.Ltd(002810) ), vitamins ( Zhejiang Garden Bio-Chemical High-Tech Co.Ltd(300401) ), non saccharification trend ( Anhui Jinhe Industrial Co.Ltd(002597) ), catalysts and additives (medium touch coal, Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) , Actblue Co.Ltd(300816) , Xinxiang Richful Lube Additive Co.Ltd(300910) ). In the field of semiconductor packaging ( Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) 453 (), special gases ( Haohua Chemical Science & Technology Corp.Ltd(600378) , Guangdong Huate Gas Co.Ltd(688268) , Jiangsu Yoke Technology Co.Ltd(002409) ) Wet electronic chemicals ( Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) , Jingrui, Phichem Corporation(300398) ), CMP polishing materials ( Hubei Dinglong Co.Ltd(300054) ). Military industry: special chemicals ( Haohua Chemical Science & Technology Corp.Ltd(600378) ), aramid fiber ( Yantai Tayho Advanced Materials Co.Ltd(002254) ), carbon fiber ( Weihai Guangwei Composites Co.Ltd(300699) ).
Risk warning: the macroeconomic growth rate is lower than expected; The product price fluctuates greatly; International oil prices fell sharply; The construction progress of new projects is less than expected; Repeated epidemic, etc
