One week market review: this week, the SW machinery sector fell by 1.71%, and the CSI 300 fell by 1.79%. There are no sector opportunities this week. The trends of individual stocks in the same sector are different, and the capital game is obvious. The third-party detection ( Pony Testing International Group Co.Ltd(300887) ) and electric vehicles ( Suzhou Harmontronics Automation Technology Co.Ltd(688022) power station replacement business and Suzhou Slac Precision Equipment Co.Ltd(300382) battery case business) have led the rise. Standing at the starting point of 2022, we continue to emphasize four main investment lines: 1) ultra-high prosperity lithium battery equipment; 2) Select individual stocks in the product cycle; 3) Valuation switching of high-quality leaders; 4) Report elasticity in the exit direction, etc.
Weekly incremental research: 12 listed companies were exchanged at the strategy meeting last week, and the main achievements are as follows: 1) Jiangsu Guomao Reducer Co.Ltd(603915) : the general reducer of the Department continued to increase in volume, focusing on the breakthrough of mechatronics and special reducer business; 2) Suzhou Tztek Technology Co.Ltd(688003) : 3C and PCB business is expected to accelerate in 22 years; 3) Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) : the automotive electronic equipment business has recovered significantly, and the carbon dioxide pipeline has continued to increase in volume for 22 years; 4) Zhejiang Dingli Machinery Co.Ltd(603338) : overseas demand continued to boost, the proportion of revenue further increased, and the volume of arm products accelerated; 5) Jack Sewing Machine Co.Ltd(603337) : 22 China’s demand is stable, the overseas front is low and the rear is high, and the complete set of intelligent equipment is accelerated; 6) Shenzhen Jasic Technology Co.Ltd(300193) : digital welding machine and industrial welding machine are worth looking forward to; 7) Wuxi Autowell Technology Co.Ltd(688516) : the business of single crystal furnace and aluminum wire bonder is expected to accelerate; 8) Yijiahe Technology Co.Ltd(603666) : continue to benefit from the accelerated investment in power grid, and further increase the proportion of operation Siasun Robot&Automation Co.Ltd(300024) income.
This week’s important research: annual strategy of machinery in 2022 – select individual stocks and grow into king.
Core view of this week: Automation: in November 2021, China’s industrial output of Siasun Robot&Automation Co.Ltd(300024) was 31900 sets, with a year-on-year increase of 27.9%. The growth rate increased significantly. It is suggested to pay attention to Jiangsu Guomao Reducer Co.Ltd(603915) , Oke Precision Cutting Tools Co.Ltd(688308) , Estun Automation Co.Ltd(002747) , Opt Machine Vision Tech Co.Ltd(688686) of strong stock logic; Laser: the overall prosperity of the laser industry is still high. The decline of laser price has accelerated the improvement of laser cutting penetration and power center. Pay attention to the domestic laser leader Wuhan Raycus Fiber Laser Technologies Co.Ltd(300747) and the domestic laser cutting system leader Shanghai Friendess Electronic Technology Corporation Limited(688188) which has been less affected by the price competition of the industrial chain for a long time. Photovoltaic equipment: industry cost reduction and efficiency improvement is the main theme. With the promotion of heterojunction cost localization, the comprehensive cost of hjt cell is expected to reach the level of perc cell in 22 years, focusing on Suzhou Maxwell Technologies Co.Ltd(300751) , Shenzhen S.C New Energy Technology Corporation(300724) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Wuxi Autowell Technology Co.Ltd(688516) . Lithium battery equipment: the sales volume of new energy vehicles in China in December 2021 was 531000, a year-on-year increase of 1.1 times. The global electrification wave is clear, focusing on Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Iray Technology Company Limited(688301) , Suzhou Slac Precision Equipment Co.Ltd(300382) . Third party testing: medium and long-term manufacturing and consumption upgrading drive the continuous growth of third-party testing demand. The company’s management ability under the governance structure will be the core competitiveness of employees. The industry Matthew effect is significant. It is recommended to focus on Centre Testing International Group Co.Ltd(300012) and Guangzhou Grg Metrology&Test Co.Ltd(002967) . Construction machinery: according to CCMA data, in December 2021, the main engine manufacturers sold 24038 sets of various mining machinery products, a year-on-year decrease of 23.8%. Medium and long-term faucets have a certain safety margin. It is recommended to pay attention to Jiangsu Hengli Hydraulic Co.Ltd(601100) , Sany Heavy Industry Co.Ltd(600031) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Shaanxi Construction Machinery Co.Ltd(600984) , Zhejiang Dingli Machinery Co.Ltd(603338) .
Key recommendations this week: Iray Technology Company Limited(688301) , Jiangsu Guomao Reducer Co.Ltd(603915) , Zhejiang Jiecang Linear Motion Technology Co.Ltd(603583) , Zhejiang Hangke Technology Incorporated Company(688006) , Shanghai Friendess Electronic Technology Corporation Limited(688188) .
Risk tip: the epidemic continues to spread, infrastructure investment does not meet expectations, and there is a risk of cyclical decline in the manufacturing industry.
