Market review: this week, Shenwan machinery and equipment sector decreased by 2.60%, 0.61 PCT lower than the change of Shanghai and Shenzhen 300 index, and the rise and fall range is listed in the 22nd of Shenwan’s 31 primary industries. The first three stocks in the mechanical equipment sector rose weekly were Jiangsu Skyray Instrument Co.Ltd(300165) , Zhejiang Canaan Technology Limited(300412) , Guoanda Co.Ltd(300902) , up 36.94%, 32.45% and 26.16% respectively. In terms of valuation, as of January 14, the pettm of Shenwan mechanical equipment sector was 23.94 times. The pettm of general equipment, special equipment, rail transit equipment, construction machinery and automation equipment are 23.62 times, 31.86 times, 16.59 times, 15.14 times and 46.84 times respectively.
Zhou viewpoint of mechanical equipment industry:
Industrial control automation: with the support of national policies and plans, the automation industry will benefit and continue to be optimistic about the industrial Siasun Robot&Automation Co.Ltd(300024) segments. It is suggested to pay attention to: Shenzhen Inovance Technology Co.Ltd(300124) (300124), China Leadshine Technology Co.Ltd(002979) (002979), Estun Automation Co.Ltd(002747) (002747), Leader Harmonious Drive Systems Co.Ltd(688017) (688017), etc.
Construction machinery: in December 2021, the sales volume of excavators continued to improve month on month, and the cumulative sales volume maintained positive growth. The central economic work conference set a stable tone and appropriately advanced infrastructure investment. It is expected that the issuance of special bonds will accelerate in 2022, and the prosperity of the downstream infrastructure industry will rebound, effectively supporting the demand for construction machinery and equipment. It is suggested to pay attention to: Sany Heavy Industry Co.Ltd(600031) (600031), Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) (000157), Xcmg Construction Machinery Co.Ltd(000425) (000425), Guangxi Liugong Machinery Co.Ltd(000528) (000528), Shantui Construction Machinery Co.Ltd(000680) (000680), etc.
Risk tips: policy changes; Macroeconomic fluctuations affect the demand for downstream products; Intensified industry competition, etc.
