High-end equipment manufacturing subsidies for emerging industries

According to reports, the first funds for the central special projects were launched at the end of May this year. They mainly provide subsidies for new energy vehicles, new materials, and high-end equipment manufacturing. The three major industries have investment opportunities.

High-end equipment manufacturing industry The high-end equipment manufacturing industry should vigorously develop modern aviation equipment, satellites and application industries, upgrade the development level of advanced rail transportation equipment, accelerate the development of marine engineering equipment, expand and strengthen intelligent manufacturing equipment, and promote intelligent and precise manufacturing Green development.

CSC Investment Research reiterated two main investment lines: fine-tuning of policies and steadily increasing demand. CSC believes that the investment opportunities in the machinery industry are mainly concentrated on the following two aspects. First, investment opportunities brought about by fine-tuning of policies, railway equipment, nuclear power, and construction machinery will benefit, especially construction machinery, and the valuation of major listed companies. It is low, and the leading company's performance is still about 20% growth this year, so the major listed companies of the construction machinery company Sany Heavy Industry and Zoomlion are still the focus of attention.

Second, sub-sectors with stable growth in downstream demand, such as large energy equipment (such as coal machinery, oilfield equipment, and offshore equipment), energy-saving environmental protection equipment, and consumer machinery. Focus on Zoomlion, Sany Heavy Industry, Anhui Heli, CSR, Jinxi Axle, China Yizhong, Jereh, Tiandi Technology, Zhengjiji, Linzhou Heavy Machinery, CIMC, China Heavy Industry, Shaanxi Drum Power , Oriental Seiko, Sunbird, aerodynamics and robots.

The risk of declining performance has basically been released, and the structural bottoming in the second quarter is a high-probability event: (1) The bottom of the macro-policy has been basically verified, infrastructure investment will be moderately restored to make up for the subsequent decline in real estate investment, and (2) the process of de-capacity in the industry is entering In the later period, the double squeeze of demand and cost will soon pass.

Huatai United showed that it is optimistic about high-end equipment manufacturing core components. One of the points mentioned in the "Twelfth Five-Year Plan" is "a significant increase in basic supporting capabilities." This mainly includes the key supporting systems and equipment, key components and basic parts manufacturing capabilities required for high-end equipment. Historically, from 1979 to 1999, it was the period in which the state finance fostered basic machinery and equipment for light industry. From 1999 to 2009, it was the period of development of heavy equipment, and after 2010, it will go upstream and enter high-end equipment manufacturing. The age of the core components of the industry. The core issue of China's modern equipment manufacturing industry is industrial upgrading. The core issue of industrial upgrading is high-end core technologies and components. According to the results of the investigation, we are optimistic about the core components including: numerical control systems and servo drive systems in the control system; hydraulics and bearings in the power system; key electronic materials in special materials, carbon fiber, aramid fiber, synthetic diamond, etc.; Industrial equipment in the field of MOCVD, PECVD, seawater desalination reverse osmosis membranes.