Key investment points:
Core logic
The field of new chemical materials is an important direction for the future development of the chemical industry. With the slowdown of downstream demand growth in the traditional chemical industry, it is a general trend that the market share is concentrated to the leader, and the core competition threshold is cost and efficiency; The downstream is still in the fast-growing field of new materials. The core competitive barriers are R & D capability, industrial chain verification threshold, service capability, etc. with policy support, China's new chemical materials industry is expected to usher in an accelerated growth period. We recommend high-quality targets of new chemical materials with strong R & D capability and excellent management in the core supply chain, mainly including electronic chemicals (semiconductor materials, display materials, 5g materials, etc.), new energy materials, pharmaceutical intermediates and other fields. Give the industry a "recommended" rating.
Industry information update:
Semiconductor related:
On January 6, China Semiconductor Industry Association reported that the "14th five year plan" National Informatization Plan accelerated the tackling of key technologies of integrated circuits. Recently, the Central Commission for network security and informatization issued the National Informatization Plan for the 14th five year plan to make arrangements for China's informatization development during the 14th Five Year Plan period. The plan puts forward the core technology breakthrough project in the information field and speeds up the tackling of key technologies of integrated circuits. We will promote innovation in computing chips and memory chips, accelerate the research and development of key materials such as integrated circuit design tools, key equipment and high-purity targets, and promote breakthroughs in characteristic processes such as insulated gate bipolar transistors (IGBT) and micro electromechanical systems (MEMS).
New energy materials related:
On January 7, the people's Daily reported that the State Power Investment Group Co., Ltd. recently held the opening ceremony of the hydrogen bus for the 2022 Beijing Winter Olympics in Beijing. The hydrogen bus and the operation and support team of more than 200 people are ready to provide transportation support services for the Yanqing competition area of the Beijing Winter Olympics. During the Beijing Winter Olympics, 200 hydrogen buses equipped with "hydrogen Teng" fuel cell system will provide transportation connection support services for Yanqing competition area.
On January 7, the petrochemical blackboard reported that on January 6, China's first station hydrogen testing laboratory - China Petroleum & Chemical Corporation(600028) Xiwanzi hydrogen testing laboratory was officially put into operation in Chongli, Hebei Province today. The laboratory can complete the detection of 13 typical indicators of fuel cell hydrogen, which will provide strong technical support for ensuring the safety and reliability of hydrogen energy quality in the Winter Olympics and help the "green winter Olympics".
Key enterprise information update:
Shenzhen Dynanonic Co.Ltd(300769) : on January 6, the company issued an announcement on signing the investment agreement for the production base of new phosphate positive materials with an annual output of 330000 tons: the company held a meeting on January 4, 2022 and considered and adopted the proposal on signing the investment agreement for the production base of new phosphate positive materials with an annual output of 330000 tons. The company signed an investment agreement with the Management Committee of Qujing Economic Development Zone, It is planned to build the "production base project of new phosphate cathode materials with an annual output of 330000 tons" in Qujing Economic and Technological Development Zone, with a total investment of about 7.5 billion yuan.
Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) : on January 4, the company issued the announcement of annual performance increase in 2021: according to the preliminary calculation of the financial department, the net profit attributable to the owner of the parent company in 2021 is expected to be 275 million yuan to 290 million yuan, an increase of 148 million yuan to 163 million yuan, a year-on-year increase of 115.91% to 127.68%. It is estimated that in 2021, the net profit attributable to the owners of the parent company after deducting non recurring profits and losses will be 245 million yuan to 260 million yuan, an increase of 136 million yuan to 151 million yuan, a year-on-year increase of 124.30% to 138.03%.
Risk warning: the epidemic situation may lead to the risk of large market fluctuations; The emergence of alternative technologies; Industry competition intensifies; The economy fell sharply; The product price fluctuates greatly; Focus on the company's performance not meeting expectations.
