1. 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, recommend CNOOC and pay attention to Petrochina Company Limited(601857) ; Alternative energy gas head (satellite Chemistry), coal head ( Guanghui Energy Co.Ltd(600256) , Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , Ningxia Baofeng Energy Group Co.Ltd(600989) , Luxi Chemical Group Co.Ltd(000830) ), biodiesel ( Longyan Zhuoyue New Energy Co.Ltd(688196) , Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) ). 2) The industrial chain of agricultural industrialization chain: potafertilizer ( Qinghai Salt Lake Industry Co.Ltd(000792) for Qinghai Salt Lake Industry Co.Ltd(000792) ), sulfur and pyrite: pay attention to Guangxi Yuegui Guangye Holdings Co.Ltd(000833) ; Pesticides ( Jiangsu Yangnong Chemical Co.Ltd(600486) , Shandong Weifang Rainbow Chemical Co.Ltd(301035) , Hailir Pesticides And Chemicals Group Co.Ltd(603639) , Limin Group Co.Ltd(002734) , Jiangsu Flag Chemical Industry Co.Ltd(300575) ).
2. Baima, the chemical leader, enters the value allocation area. Under the recent high oil price, the chemical industry sector generally fell, and some core leaders Baima fell significantly. We believe that in the short and medium term, the profit damage caused by high oil prices is temporary, and the medium and long-term oil prices are still priced at the marginal cost of incremental oil and gas fields such as shale oil. Therefore, due to the decline in the share prices of leading companies under the high oil prices caused by the situation in Russia and Ukraine, it will bring better bottom layout opportunities in the medium and long term. Moreover, such leading companies have been tested and trusted in terms of barriers and competitiveness. Therefore, we suggest that the allocation of core asset companies can be gradually increased. Key highlights include: ‘s Wanhua Chemical Group Co.Ltd(600309) and other leading enterprises.
3. Continue to be optimistic about upstream materials of new energy: high oil prices will contribute to the promotion of new energy vehicles, and from the perspective of European industrial policies, the promotion of new energy such as photovoltaic wind power will accelerate rather than slow down in this round of energy crisis in the future. Therefore, in the medium and long term, we are still optimistic about material companies with core advantages in photovoltaic and electric vehicle related fields: 1) lithium iron phosphate and iron phosphate: focus on enterprises with priority in production capacity Xinyangfeng Agricultural Technology Co.Ltd(000902) Guizhou Chanhen Chemical Corporation(002895) Yunnan Yuntianhua Co.Ltd(600096) ； 2) Lithium battery binder and diaphragm coating material PVDF: focus on Dongyue Group, Lecron Industrial Development Group Co.Ltd(300343) , Zhejiang Juhua Co.Ltd(600160) , Guangdonghectechnologyholdingco.Ltd(600673) ; 3) Upstream materials of photovoltaic industry chain: EVA recommends Jiangsu Eastern Shenghong Co.Ltd(000301) , Levima Advanced Materials Corporation(003022) , n-type silicon: Sichuan Hebang Biotechnology Co.Ltd(603077) ; Photovoltaic reflective film: Zhejiang Hailide New Material Co.Ltd(002206) .
4. Pay attention to the sub industries with sustained and high prosperity. 1) Soda ash ( Inner Mongoliayuan Xing Energy Company Limited(000683) , Shandong Haihua Co.Ltd(000822) , double ring technology, Cnsig Inner Mongolia Chemical Industry Co.Ltd(600328) , Tangshan Sanyou Chemical Industries Co.Ltd(600409) , Sichuan Hebang Biotechnology Co.Ltd(603077) ); 2) Vitamins ( Zhejiang Nhu Company Ltd(002001) , Zhejiang Medicine Co.Ltd(600216) , Zhejiang Garden Bio-Chemical High-Tech Co.Ltd(300401) , Brother Enterprises Holding Co.Ltd(002562) ).
5. Optimistic about consumer growth stocks and new materials growth stocks with high ceiling and stable profits: specifically optimistic about: Shandong Head Co.Ltd(002810) (cellulose ether + artificial meat), Anhui Jinhe Industrial Co.Ltd(002597) (sugar free additive leader), degradable & renewable plastics ( Shandong Ruifeng Chemical Co.Ltd(300243) , Beijing Sanlian Hope Shin-Gosentechnical Service Co.Ltd(300384) , Kingfa Sci.& Tech.Co.Ltd(600143) , Red Avenue New Materials Group Co.Ltd(603650) ). 35. New display fields: optical film ( Sichuan Em Technology Co.Ltd(601208) ), organic light-emitting materials ( Valiant Co.Ltd(002643) , Great Chinasoft Technology Co.Ltd(002453) ), PI materials ( Rayitek Hi-Tech Film Company Ltd.Shenzhen(688323) ).
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
