Market review of this week (January 17 – January 21)
The new materials index fell 4.73%, weaker than the gem index. OLED materials fell 3.25%, semiconductor materials fell 5.08%, membrane materials fell 6.1%, additives rose 0%, carbon fiber fell 4.27% and tail gas treatment fell 4.27%. The top five increases were Zhejiang Nhu Company Ltd(002001) , Sino-Platinum Metals Co.Ltd(600459) , Shantou Wanshun New Material Group Co.Ltd(300057) , Chengzhi Co.Ltd(000990) , Wuxi Acryl Technology Co.Ltd(603722) ; The top five declines were Zhejiang Yongtai Technology Co .Ltd(002326) , Phichem Corporation(300398) , Avic Aviation High-Technology Co.Ltd(600862) , Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) , Thinkon Semiconductor Jinzhou Corp(688233) .
Observation of new materials week: cycloolefin polymer market is broad, and China’s COC industrialization is approaching
Cycloolefin polymer (COC / COP) is polymerized by cycloolefin monomer. As a thermoplastic optical material with excellent performance, it is widely used in the fields of optics, medical treatment and packaging. In the field of optics, COC / COP is widely used to make all kinds of lenses and mobile phone display films. With the trend of multi lens of smart phones and the gradual expansion of the demand for optical lenses by auto driving technology, COC has broad application prospects in the field of optical lenses. In the medical field, COC / cop has good transparency, water vapor barrier performance, excellent biocompatibility, and its density is much lower than that of glass. It is especially suitable for blood storage, test tube, Petri dish, syringe, pipette and other fields. COC / cop has high technical barriers from monomer, catalyst to polymerization technology. At present, its production technology is mainly controlled by Japanese enterprises such as ruiong, JSR, Baoli, Mitsui chemical and so on. In recent years, as an imported material, COC / cop’s localization and supply chain stability have attracted the attention of Chinese terminal manufacturers. Wuxi Acryl Technology Co.Ltd(603722) has established the first mover technical advantage in China’s COC / COP industry. After the trial of small batch products by customers, the key indicators such as light transmittance, refractive index and glass transition temperature have reached the level of imported products. As of the semi annual report of 2021, Wuxi Acryl Technology Co.Ltd(603722) has opened up the process route, completed the preparation of kilogram COC samples, and started the production line design and various pre industrialization preparations. In June 2021, Wuxi Acryl Technology Co.Ltd(603722) issued a fixed increase plan. The investment project includes 10000 tons of optical materials (cycloolefin monomers and polymers), which belongs to the phase I project with an annual output of 30000 tons of optical materials planned to be invested and built by the company in Taixing economic development zone. Beneficiary object: Wuxi Acryl Technology Co.Ltd(603722) .
Important company announcements and industry information
[ Sichuan Em Technology Co.Ltd(601208) ] on January 17, the company released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 350 million yuan to 380 million yuan, with a year-on-year increase of 99.72% to 116.81%.
[ Hubei Dinglong Co.Ltd(300054) ] on January 18, the company released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 208 million yuan to 238 million yuan, turning losses into profits year-on-year.
[ Puyang Huicheng Electronic Material Co.Ltd(300481) ] on January 20, the company released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 243 million yuan to 260 million yuan, with a year-on-year increase of 35% – 45%.
[ Jiangsu Boqian New Materials Stock Co.Ltd(605376) ] on January 21, the company released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be 223 million yuan to 254 million yuan, with a year-on-year increase of 40% to 60%.
Beneficial object
We are optimistic about the broad market of functional membrane materials under the background of industrial transfer, the breakthrough of domestic substitution of high-end electronic materials from 0 to 1, and the new opportunities of new materials in the wave of new energy. Beneficiary objects: Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) , Haohua Chemical Science & Technology Corp.Ltd(600378) , Red Avenue New Materials Group Co.Ltd(603650) , Puyang Huicheng Electronic Material Co.Ltd(300481) , Rianlon Corporation(300596) , Wuxi Acryl Technology Co.Ltd(603722) , Sichuan Em Technology Co.Ltd(601208) , Ningbo Solartron Technology Co.Ltd(688299) , Zhejiang Jiemei Electronic And Technology Co.Ltd(002859) , Xi’An Manareco New Materials Co.Ltd(688550) , etc.
Risk tip: technological breakthrough is less than expected, industry competition intensifies, raw material price fluctuations, etc.
