Last week, the mechanical equipment index fell 2.60%, the Shanghai and Shenzhen 300 index fell 1.98%, and the gem index rose 0.73%. Mechanical equipment ranked 19th in all 28 industries.
This week’s view
Semiconductor equipment: Naura Technology Group Co.Ltd(002371) the net profit in 2021 is expected to increase by 75% – 125%, and the global front-end wafer plant equipment expenditure is expected to exceed US $98 billion in 2022. According to Naura Technology Group Co.Ltd(002371) , it is expected to achieve an operating revenue of RMB 8.478 billion-10.901 billion in 2021, with a year-on-year increase of 40% – 80%; The net profit attributable to shareholders of listed companies was 940 million yuan – 1.208 billion yuan, with a year-on-year increase of 75% – 125%; After deducting non recurring profits and losses, the net profit was 690-887 million yuan, with a year-on-year increase of 250% – 350%. The company believes that the demand of downstream customers of its main business is strong, and the business of semiconductor equipment and electronic components has achieved sustained growth, resulting in a year-on-year increase in the company’s operating revenue and net profit attributable to shareholders of listed companies. We believe that the company’s high performance has increased, In line with the continuous high trend of the semiconductor industry, the follow-up performance is expected to maintain a high growth trend. Meanwhile, according to semi, the global front-end wafer plant equipment expenditure is expected to increase by 10% year-on-year in 2022, reaching a record high of more than US $98 billion, marking the third consecutive year of growth (17% in 2020 and 39% in 2021). China’s semiconductor equipment industry continues to be driven by the expansion of downstream wafer factories. It is believed that the performance in the fourth quarter can be more positive. Global semiconductor manufacturers pay close attention to the safety of parts supply, and good parts supply provides a strong guarantee and promotion for the implementation of equipment orders. Shengmei Shanghai, Wuhan Jingce Electronic Group Co.Ltd(300567) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Naura Technology Group Co.Ltd(002371) , Kingsemi Co.Ltd(688037) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , and Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Thinkon Semiconductor Jinzhou Corp(688233) , Gallen electronics, National Silicon Industry Group Co.Ltd(688126) , Shanghai Anlogic Infotech Co.Ltd(688107) are recommended.
Wind power equipment: Shanghai announced the competitive allocation scheme for 300000 kW offshore wind power project, and the trend of large-scale offshore wind turbine is obvious. On January 11, Shanghai Municipal Development and Reform Commission announced the notice on the competitive allocation work plan of Jinshan offshore wind farm phase I project, with a development scale of about 300000 kW. According to the notice, the allocation proportion of energy storage shall not be less than 20% and the duration shall be more than 4 hours. In addition, the construction period requirements are also emphasized, and it must be promised that the project will be completed and connected to the grid by the end of 2023. According to Fengmang energy, recently, the Three Gorges Yangjiang Qingzhou 5, 6 and 7 offshore wind power projects totaled 3gw, and the bidding for 300MW wind turbine units and auxiliary equipment of zheneng Taizhou 1 offshore wind farm project all required a single unit capacity of more than 7mw, marking the full entry of offshore wind turbines into the megawatt era. Since this year, the amount of wind power bidding has been significantly higher than that in the same period last year. According to Xinjiang Goldwind Science And Technology Co.Ltd(002202) , in the first three quarters of 2021, China’s wind power open bidding market added 41.9gw, a year-on-year increase of 115.1%. The wind power industry is in the stage of rapid development. At present, the land wind has achieved parity, the large-scale sea wind continues to reduce costs and parity is imminent, and the leaders in all links will continue to benefit. Jiangyin Hengrun Heavy Industries Co.Ltd(603985) is recommended. It is recommended to pay attention to Haili wind power and Ningbo Orient Wires & Cables Co.Ltd(603606) .
Photovoltaic equipment: Aikang plans to produce more than 40gw of heterojunction cells and modules in 2025, Suzhou Maxwell Technologies Co.Ltd(300751) launch a new steel sector printing technology, and make a breakthrough in reducing the cost of silver paste. In 2022, the production capacity of Jiangsu Akcome Science And Technology Co.Ltd(002610) major bases will be released successively. At present, Aikang has four industrial manufacturing bases in Huzhou, Ganzhou, Suzhou and Taizhou, with a cumulative fixed investment of more than 15 billion yuan. It is expected to complete the production capacity construction of more than 40gw heterojunction batteries and components in 2025. Recently, Suzhou Maxwell Technologies Co.Ltd(300751) launched an innovative technology on Cecep Solar Energy Co.Ltd(000591) battery screen printing – full opening Cecep Solar Energy Co.Ltd(000591) battery steel sector printing technology, which plays a vital role in reducing silver slurry consumption. Because the grid line printing area is a full opening structure and the printing height is uniform, under the condition of manufacturing batteries with the same efficiency, the silver paste heterojunction can be saved by about 20%. With its advantages in yield, cost and efficiency, it has attracted great attention from various battery manufacturers. Up to now, the capacity planning of China’s hjt project has exceeded 130gw. It is suggested to pay attention to the core equipment manufacturers with leading layout and dominant technology on hjt. Suzhou Maxwell Technologies Co.Ltd(300751) is recommended and Wuxi Autowell Technology Co.Ltd(688516) is recommended.
Lithium battery equipment: the sales volume of new energy will exceed 3.5 million in 2021, and LG new energy will be on the market soon. According to the statistics of China Automobile Association, the sales volume of the whole Shanxi Guoxin Energy Corporation Limited(600617) vehicle in December 2021 was 531000 units, with a year-on-year increase of 113.9% and a penetration rate of 19.06%; In 2021, the annual cumulative sales volume was 3.521 million, an increase of 157.5%, and the penetration rate reached 13.4%. According to the starting point lithium power big data, LG energy solution has begun to accept investors’ subscription. It plans to log on to the Korean stock exchange on January 27 and start trading. It plans to raise up to US $10.8 billion (about RMB 68.8 billion). The funds raised this time will be mainly used to expand the company’s existing production facilities and repay debts. According to our incomplete statistics, the capacity of mainstream manufacturers in China is expected to exceed 1twh by 2025, including catl’s planned capacity of more than 700gwh, Byd Company Limited(002594) planned capacity of more than 180gwh and honeycomb energy’s planned capacity of 600gw. Under the accelerated production expansion layout of battery manufacturers, the lithium battery equipment industry will fully benefit. Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Shanghai Sk Automation Technology Co.Ltd(688155) are recommended.
Recommended combination
Key recommended combinations: shengmei Shanghai, Wuhan Jingce Electronic Group Co.Ltd(300567) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Naura Technology Group Co.Ltd(002371) , Kingsemi Co.Ltd(688037) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , Suzhou Maxwell Technologies Co.Ltd(300751) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Zhejiang Hangke Technology Incorporated Company(688006) , Shanghai Sk Automation Technology Co.Ltd(688155) , Kunshan Dongwei Technology Co.Ltd(688700) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) ;
It is suggested to pay attention to the following subjects: Zhejiang Dingli Machinery Co.Ltd(603338) , Shaanxi Construction Machinery Co.Ltd(600984) , Guangxi Liugong Machinery Co.Ltd(000528) , Haili wind power, Ningbo Orient Wires & Cables Co.Ltd(603606) , Wuxi Autowell Technology Co.Ltd(688516) .
Risk tips
Risk warning: the impact of epidemic situation exceeds expectations; The localization process of semiconductor equipment has slowed down and price competition has intensified.
