The penetration of new energy vehicles has accelerated, and the production of power batteries has continued to expand significantly
In 2021, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles reached 3.521 million, a year-on-year increase of + 157.5%, and the penetration rate reached 13.40%. Compared with 2020, the penetration rate of new energy vehicles increased by 8 PCT. The rapid growth of new energy vehicles has driven the continuous outbreak of upstream power batteries. In 2021, the installed capacity of China Shipbuilding Industry Group Power Co.Ltd(600482) batteries reached 154.5gwh, a year-on-year increase of + 142.8%. According to the capacity expansion plan of mainstream power battery manufacturers, the capacity plan will reach 2900gwh by 2025, which still has four times the current capacity.
Since the fourth quarter of 2020, power battery manufacturers have started a new round of production expansion cycle, driving the sharp rise in orders of lithium battery equipment companies and accelerating the realization of revenue and performance. At the current time point, the penetration rate of new energy vehicles is still low and there is still much room for improvement. We believe that the prosperity of the industry is expected to continue in 2022. It is suggested to focus on the lithium battery equipment industry.
Important data tracking:
In the past two weeks, the machinery industry fell 3.74%, outperforming Shanghai and Shenzhen 300 by 0.58 percentage points. Since 2021, the steel price / copper price / aluminum price index has increased by 6.12% / 23.25% / 35.79%, and the comprehensive steel price / copper / aluminum price index has changed by + 0.33% / + 1.29% / + 7.25% compared with two weeks ago.
Cultivated diamonds: India’s imports of cultivated diamond blanks in December 2021 were US $132 million, a year-on-year increase of + 104.70% / + 54.63%, and a total of US $1.13 billion from January to December, a year-on-year increase of + 156.99%. India’s exports of cultivated diamond bare diamonds in December 2021 were US $103 million, with a year-on-year / month on month ratio of + 64.95% / + 20.47%. From January to December, it accumulated US $1144 million, with a year-on-year ratio of + 116.05%.
Industrial Siasun Robot&Automation Co.Ltd(300024) : according to the statistics of the National Bureau of statistics, the industrial Siasun Robot&Automation Co.Ltd(300024) output was 35200 units in December 2021, a year-on-year increase of + 15.10%; From January to December 2021, the industrial Siasun Robot&Automation Co.Ltd(300024) output was 370000 units, a year-on-year increase of + 44.90%.
Industry key recommended portfolio
Key combination: Centre Testing International Group Co.Ltd(300012) , Guangzhou Grg Metrology&Test Co.Ltd(002967) ; Opt Machine Vision Tech Co.Ltd(688686) 、 Shanghai Friendess Electronic Technology Corporation Limited(688188) 、 Jiangsu Hengli Hydraulic Co.Ltd(601100) 、 Leader Harmonious Drive Systems Co.Ltd(688017) 、 Iray Technology Company Limited(688301) 、 Shanghai Hanbell Precise Machinery Co.Ltd(002158) 、 Jiangsu Guomao Reducer Co.Ltd(603915) 、 Dongguan Yiheda Automation Co.Ltd(301029) ； Zhejiang Dingli Machinery Co.Ltd(603338) ； Shenzhen United Winners Laser Co.Ltd(688518) 、 Zhejiang Hangke Technology Incorporated Company(688006) ； Henan Huanghe Whirlwind Co.Ltd(600172) 、 North Industries Group Red Arrow Co.Ltd(000519) 。 Combination of “small and beautiful” targets: Emtek (Shenzhen) Co.Ltd(300938) , Anhui Ronds Science & Technology Incorporated Company(688768) , Henan Liliang Diamond Co.Ltd(301071) , Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) , Suzhou Sushi Testing Group Co.Ltd(300416) , Yindu Kitchen Equipment Co.Ltd(603277) , Warom Technology Incorporated Company(603855) , Guangdong Lingxiao Pump Industry Co.Ltd(002884) , Guangdong Yizumi Precision Machinery Co.Ltd(300415) , Jiangsu Shentong Valve Co.Ltd(002438) .
Industry perspective: focus on leading companies with high medium and long-term winning probability of high-quality track. 1) testing service industry with good business model and large growth space: focus on Centre Testing International Group Co.Ltd(300012) , Guangzhou Grg Metrology&Test Co.Ltd(002967) , Suzhou Sushi Testing Group Co.Ltd(300416) , Emtek (Shenzhen) Co.Ltd(300938) , and focus on China National Electric Apparatus Research Institute Co.Ltd(688128) , China Building Material Test & Certification Group Co.Ltd(603060) , Suzhou Electrical Apparatus Science Academy Co.Ltd(300215) .
2) upstream core parts companies in the growth stage or high vision: focus on Opt Machine Vision Tech Co.Ltd(688686) , Shanghai Hanbell Precise Machinery Co.Ltd(002158) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Shanghai Friendess Electronic Technology Corporation Limited(688188) , Leader Harmonious Drive Systems Co.Ltd(688017) , Iray Technology Company Limited(688301) , Jiangsu Guomao Reducer Co.Ltd(603915) , Dongguan Yiheda Automation Co.Ltd(301029) .
3) high view product companies: focus on North Industries Group Red Arrow Co.Ltd(000519) , Henan Huanghe Whirlwind Co.Ltd(600172) , Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) .
4) special / general equipment industry with high prosperity: focus on Shenzhen United Winners Laser Co.Ltd(688518) , Zhejiang Hangke Technology Incorporated Company(688006) , etc.
Risk tips:
The macroeconomic downturn, the rise in the price of raw materials, the sharp fluctuation of exchange rate and the repeated impact of the epidemic.
