Market Review
In the current period (from January 10 to January 14), the CSI 300 fell 2.0% and the machinery sector fell 2.1%, ranking 20 among the 28 Shenwan industries. In terms of industry segments, lithium battery equipment increased the most, by 3.0%; Construction machinery fell the most, down 4.7%.
This week’s view
The rise of second-line power lithium battery manufacturers has benefited the targets of relevant lithium battery equipment.
At present, the new energy market is showing blowout development. For 2022, the Federation of trade unions has raised the target of sales of Shanxi Guoxin Energy Corporation Limited(600617) cars. Before the sale of new energy passenger cars in 2022, 4 million 800 thousand vehicles were expected to be sold. At present, the number of new energy vehicles has been adjusted to more than 5 million 500 thousand. The penetration rate of new energy vehicles has reached 25%, while new energy vehicles are expected to exceed 6 million, and the penetration rate of new energy vehicles is around 22%. Therefore, power batteries are still in short supply. In order to resist the risk of “power shortage” and ensure the safety of the supply chain, car enterprises have expanded the list of battery suppliers. More second-line manufacturers are being contested. At present, second-line power manufacturers are expected to take advantage of the trend to expand production and rise. At present, beehive energy, China Innovation airlines and Gotion High-Tech Co.Ltd(002074) have announced large-scale production expansion plans. Since 2022, beehive energy has made continuous actions, successively established Shanghai R & D center, started construction of Yancheng 10 billion power battery production base, and invested in upstream copper foil and cathode material enterprises. Previously, honeycomb energy has completed four rounds of financing, with a financing amount of 20.78 billion yuan. According to the latest understanding of starting point lithium power big data, honeycomb energy is starting listing guidance, and it is expected to complete the application of science and innovation board in the first half of 2022. In addition, China Innovation Airlines completed a financing of 12 billion yuan last year and submitted an application to the CSRC at the end of the year, which will start listing and fund-raising in Hong Kong. It is expected to accelerate the second tier lithium battery manufacturers to realize large capacity investment and construction on the basis of obtaining the additional support of listed capital.
Investment suggestions:
We recommend Guangdong Lyric Robot Automation Co.Ltd(688499) , Shenzhen United Winners Laser Co.Ltd(688518) , Shenzhen Colibri Technologies Co.Ltd(002957) , Shenzhen Hymson Laser Intelligent Equipments Co.Ltd(688559) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Opt Machine Vision Tech Co.Ltd(688686) due to the continuous volume of new energy vehicles and the rapid rise of second-line power manufacturers.
Risk tips
Macroeconomic fluctuations, external demand fluctuations.
