p align = “center” a-share investors lack confidence? Many listed companies are investing heavily in the future
2 billion yuan, 18.8 billion yuan, 20.8 billion yuan, 33 billion yuan… When the confidence of A-share investors is insufficient recently, industrial investors have invested heavily in the future. The reporter noted that recently, a number of A-share listed companies released their proposed investment projects, mainly involving electronics, new materials, wind power, photovoltaic, non-ferrous smelting, etc.
At the same time, from the Ministry of Finance and the central bank to the SASAC and the national development and Reform Commission, they are releasing signals of steady growth recently. The reporter learned that on April 15, the national development and Reform Commission will hold a special press conference to introduce the relevant situation of actively expanding effective investment, and further measures are expected to be introduced.
Previously, the first inter ministerial joint meeting on the implementation of 102 major projects in the 14th five year plan was held. The meeting required to strengthen the guarantee of funds, land and other factors, speed up the construction of projects under construction, and ensure the implementation and effectiveness of each task of 102 major projects.
listed companies invest heavily
Tongling Nonferrous Metals Group Co.Ltd(000630) plans to invest 2 billion yuan in the reconstruction of cathode copper, and the company under Tongguan copper foil company plans to invest about 1.7 billion yuan to expand the 20000 ton electronic copper foil project;
Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) plans to invest no more than 3 billion yuan to build a new material industrial park project in Central China;
Tianjin Zhonghuan Semiconductor Co.Ltd(002129) plans to invest 20.6 billion yuan to build 120000 tons of high-purity polysilicon and other projects;
Suzhou New Sea Union Telecom Technology Co.Ltd(002089) and China Electric Power Corporation invested 20.8 billion yuan to build photovoltaic cells and other projects;
Xinjiang Goldwind Science And Technology Co.Ltd(002202) plans to invest 18.8 billion yuan in the construction of Wenzhou offshore wind power industry base and other projects;
Tianma Microelectronics Co.Ltd(000050) plans to invest 33 billion yuan in the new display panel production line project;
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Some market participants believe that when the market is in the doldrums, the actions involving investment in various industries such as electronics, new materials, wind power, photovoltaic and non-ferrous smelting are one after another, demonstrating the confidence of all parties in the future development of relevant fields.
manufacturing industry becomes the hot spot of this round of investment
Slightly different from the past, new energy, new materials and other manufacturing industries have become the focus of this round of investment.
As we all know, “wind power, photovoltaic and other new energy are important areas of this round of industrial investment, which is inseparable from the national strategy.” Du Hong, deputy general manager of Beijing beibian microgrid Technology Co., Ltd., told reporters that under the guidance of the goal of carbon peak and carbon neutralization, the overweight of investment related to new energy during the 14th Five Year Plan period is expected. In fact, according to the 102 major projects in the 14th five year plan promoted by the national development and Reform Commission recently, “large clean energy base” ranks first in the energy category.
Of course, not only new energy projects, but also new display panels, new materials and non-ferrous metal smelting industries are hot spots of industrial investment.
” Tongling Nonferrous Metals Group Co.Ltd(000630) plans to invest 2 billion yuan in overweight cathode copper, which can be regarded as a wind vane. Or due to the positive impact of the commodity market, the investment in the smelting industry has increased significantly since the end of last year.”
Earlier, Luo Yifei, chief statistician of the investment department of the National Bureau of statistics, pointed out that the rapid growth of manufacturing investment is a major feature when interpreting the data of the previous February. Data show that from January to February this year, manufacturing investment increased by 20.9% year-on-year, 7.4 percentage points faster than that in 2021. Among them, investment in equipment manufacturing increased by 34.0%, investment in consumer goods manufacturing increased by 29.8%, and investment in raw material manufacturing increased by 18.5%.
promote effective investment
it is expected that there may be “big moves” in the near future
The industrial level shows a large amount of contrarian investment, and the background is that the steady growth measures from the central to local governments are constantly increasing. Recently, from the Ministry of Finance and the central bank to the SASAC and the national development and Reform Commission, they are releasing signals of steady growth.
On March 31, the national development and Reform Commission organized the first meeting of the inter ministerial joint meeting on the implementation of 102 major projects in the 14th five year plan, which required to ensure the implementation and effectiveness of each task of 102 major projects
On April 12, Vice Minister of Finance Xu Hongcai said that among the new 3.65 trillion yuan of special bonds this year, the amount of special bonds for project construction has been issued
On April 14, the national Standing Committee deployed a series of heavy policies for steady growth, including timely reduction of reserve requirements, expansion of consumption and acceleration of export tax rebate
On April 15, the national development and Reform Commission will hold a press conference to introduce the situation of actively expanding effective investment
The reporter noted that since the middle and late March, the national development and reform has been carried out by multiple departments, with intensive action and frequent research to find out the economic operation in the first quarter, which has paved the way for steady growth in the second quarter. At the same time, all localities are taking positive actions. For example, 12 departments including the development and Reform Commission of Anhui Province have issued the action plan for promoting the steady growth of industrial economy in Anhui Province, and put forward 31 specific targeted measures in terms of fiscal and tax support, financial support, ensuring supply and price stability, stabilizing industrial investment and factor guarantee.
Some experts predict that in the next stage, we will solidly promote the construction of key projects, increase effective investment and increase industrial supporting policiesP align = “center” led industry segments deserve attention this year…
After the price war in previous years, led began to rebound from the bottom in 2020, and the industry sales increased sharply in 2021.
On April 13, Jibang consulting, a high-tech industry market research institution, held an online live conference, looked forward to the industry opportunities in 2022, and said frankly that it was optimistic about car led, mini led and other segments of the track.
led industry bottomed out
Since 2013, under the influence of technological progress and industrial expansion, the price of LED industry has shown an overall downward trend. During the period from 2017 to 2018, there was a large rebound, but under the pressure of substantial production expansion, it has entered the price reduction channel. Since 2020, the industry has bottomed out and rebounded.
Yu Bin, led research manager of Jibang consulting, told reporters that the price of LED products has increased by about 20% since the bottom, and it is expected to be stable this year.
The rise in prices has driven the prosperity of the industry, and the industry continues to expand production. Jibang consulting revealed at the meeting that taking the manufacturers selling LED chips as the statistical caliber, the global LED chip sales in 2021 was US $3.72 billion, a year-on-year increase of 49.7%.
Among them, Sanan Optoelectronics Co.Ltd(600703) accounts for 26% of the global LED chip market Second tier manufacturers such as Hc Semitek Corporation(300323) , Xiamen Changelight Co.Ltd(300102) , Shenzhen Mtc Co.Ltd(002429) , Aoyang Shunchang and Focus Lightings Tech Co.Ltd(300708) released their production capacity rapidly and increased their comprehensive market share.
From the mid stream packaging of LED, the global LED packaging market in 2021 was US $17.65 billion, with a year-on-year increase of 15.4%. Among them, automotive LED, lighting and display LED are the main driving forces of market growth; Although plant lighting maintained growth, it fell significantly in the second half of the year; Mini led continued to grow, but the growth rate was lower than expected.
In this field, Mls Co.Ltd(002745) , Foshan Nationstar Optoelectronics Co.Ltd(002449) and Hongli Zhihui Group Co.Ltd(300219) have entered the global top 10 However, international manufacturers such as Europe, America, Japan and South Korea still dominate the LED packaging market, especially with a high share in the high-end market, such as vehicle, high-end backlight, high-end lighting, flash lamp, etc.
these segments or high growth
LED is a mature industry, and the overall growth rate in the future is not particularly prominent. Jibang consulting estimates that the LED market output value is expected to grow to US $30.312 billion in 2026, with a compound growth rate of 11% from 2021 to 2026.
Wang Fei, deputy general manager of the follow-up research department, believes that although the expansion of LED industry is still fierce, the general manager of Jibang still focuses on the expansion of LED industry.
LED is a solid-state semiconductor device, which can directly convert electricity into light. Over the past few years, LED applications have been expanding: commercial display – Lighting – C-terminal backlight display such as TV. Today, new applications are still being opened.
Yu Bin, led research manager of Jibang consulting, said that the structural opportunities of LED in the future should not be ignored, including the gradual increase of mini LED backlight and display screen; The penetration rate of automotive LED continues to increase; The demand for high-end lighting continues to increase and the application field of display screen is further expanded.
At present, the demand for micro / mini led drives the industry to expand production Sanan Optoelectronics Co.Ltd(600703) , Hc Semitek Corporation(300323) , Shenzhen Mtc Co.Ltd(002429) , Focus Lightings Tech Co.Ltd(300708) , etc., all have plans to expand the production of chips.
Yu Bin is optimistic about the prospect of mini led. He said that mini LED will not only replace part of the traditional backlight market, but also show its strength in some new application fields, such as AR / VR, large commercial display and so on.
