Key investment points:
Market review this week. This week, the wind new material index closed at 382633, down 6.5% month on month. Among the six sub industries, the semiconductor material index of Shenwan tertiary industry closed at 654402 points, down 5.37% month on month; The Shenwan tertiary industry display material index closed at 971.24 points, down 4.24% month on month; The organosilicon material index of CITIC’s tertiary industry closed at 774532 points, down 7.56% month on month; CITIC’s tertiary industry carbon fiber index closed at 326091 points, down 10.86% month on month; The lithium battery index of CITIC’s tertiary industry closed at 391141, down 8.51% month on month; The wind concept degradable plastics index closed at 165096, down 6.73% month on month.
The development plan of Guizhou electronic information industry was released. Recently, the leading group office for big data development of Guizhou Province issued the “development plan for big data electronic information industry in the 14th five year plan” of Guizhou Province, which proposed that by 2025, the total annual output value of the big data electronic information industry of the province will be 350 billion yuan, including 210 billion yuan of the total annual output value of the electronic information manufacturing industry, 100 billion yuan of the annual income of the software and information technology service industry and 40 billion yuan of the annual income of the telecommunications business.
The global 8-inch wafer production capacity is expected to increase by 21% from 2020 to 2024. According to jiwei.com, semi said in its 200mm Fab outlook report that from the beginning of 2020 to the end of 2024, global semiconductor manufacturers are expected to increase the production capacity of 8-inch wafers by 1.2 million, or 21%, to a record high of 6.9 million per month. After climbing to $5.3 billion last year, due to the high utilization rate of 8-inch wafer plants and the global semiconductor industry’s efforts to overcome the shortage of chips, the equipment expenditure of 8-inch wafer plants is expected to reach $4.9 billion in 2022.
Recommendation of key targets: downstream demand promotes industrial upgrading and innovation, and the industry has entered a period of rapid development. China continues to promote manufacturing upgrading, the demand for high-standard and high-performance materials will be gradually released, and the new material industry is expected to develop rapidly. China’s anti-aging leader Rianlon Corporation(300596) has been working hard to expand its main industry. Zhuhai base has strengthened its scale advantage, acquired Kangtai shares, entered the lube oil additives market, and has long been growing vigorously. It is recommended that Rianlon Corporation(300596) be the focus. The conflict between Russia and Ukraine broke out, rare gas was in short supply and the price rose rapidly. Guangdong Huate Gas Co.Ltd(688268) as the leader of special gas, it actively built an integrated sales platform of special gas. With the steady release of production expansion projects, the profitability is expected to continue to improve. It is suggested to focus on Guangdong Huate Gas Co.Ltd(688268) Shandong Sinocera Functional Material Co.Ltd(300285) the three businesses have been steadily improved, and the businesses of all sectors have gone hand in hand, benefiting from the strong demand for new energy materials and significant long-term growth. It is suggested to focus on the new material platform company Shandong Sinocera Functional Material Co.Ltd(300285) . China’s leading semiconductor material enterprise Jiangsu Yoke Technology Co.Ltd(002409) , with significant platform advantages, steadily advancing production expansion projects, orderly production expansion of downstream customers, promoting the company’s continuous volume and obvious growth attributes. It is suggested to focus on: Jiangsu Yoke Technology Co.Ltd(002409) . In terms of electronic chemicals, the downstream wafer factories are gradually completed, and the chip capacity is expected to continue to be released. It is suggested to pay attention to: Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , Hubei Dinglong Co.Ltd(300054) . For photovoltaic materials, it is suggested to focus on the rubber film faucet Hangzhou First Applied Material Co.Ltd(603806) .
Risk tip: downstream demand is less than expected, product price fluctuation risk, new capacity release is less than expected, etc.
