Electronics: focus on the rise of mini led in the field of display and backlight. In recent years, mini LED has made substantial progress in technology, products and production capacity. Before 2020, mini LED backlight TV is mainly focused on the sky star scheme. In 2021, mini LED backlight TV in cob packaging began to rise. Including Samsung, LG, TCL, Xiaomi, Konka, Skyworth, Changhong, Hisense, Philips, LETV and other brands have successively launched Mini LED backlight TV, and the terminal products are constantly enriched. Compared with the traditional LCD screen, mini LED has many obvious advantages such as high contrast, high brightness and ultra-thin. At the initial stage of mini led penetration improvement, equipment enterprises have the greatest flexibility, which deserves high attention. It is suggested to pay attention to Shenzhen Xinyichang Technology Co.Ltd(688383) ; In addition, the rise of mini LED backlight brings new growth opportunities to packaging enterprises and LED chips. It is suggested to pay attention to Hongli Zhihui Group Co.Ltd(300219) and Hc Semitek Corporation(300323) etc.
Computer: focus on digital economy topics such as cloud computing, smart cars, industrial software and information creation. In March 2022, the computer industry index decreased by 11.59%. By the end of March, the P / E ratio of the industry had been at an all-time low. Since the fourth quarter of 2021, relevant plans for digital economy have been continuously issued, and the state attaches great importance to the development of digital economy. We are optimistic about the main track of digital economy. In terms of themes, it is suggested to focus on cloud computing, smart cars, industrial software, Xinchuang and other themes. With the successive disclosure of the 2021 annual report and the first quarterly report of 2022 of Listed Companies in the industry in April, the stocks whose annual report performance and the first quarterly report performance meet or even exceed the expectations will usher in better investment opportunities.
Intelligent Manufacturing: pay attention to the technological changes in the photovoltaic cell industry. Photovoltaic cells are currently upgrading from perc cells to next-generation technologies. TOPCON, hjt and IBC are considered to be competitive next-generation technologies. With low equipment investment (about 200 million yuan / GW) and high power generation efficiency (about 24.5%), TOPCON battery has high recognition in the medium and short term. It is expected to expand production by more than 50gw in 2022; The ceiling of hjt battery efficiency is higher, and it is expected to reach 25.5% next year. The path of cutting the cost is obvious, and it is expected to become the long-term mainstream route. It is suggested to pay attention to the leading enterprise of hjt whole line equipment Suzhou Maxwell Technologies Co.Ltd(300751) .
Risk tips: 1) supply chain risk increases. 2) Policy support was less than expected. 3) Market demand may be lower than expected. 4) Domestic substitution is less than expected.
