Investment Strategy And Policy Drive Of Machinery Industry In 2019 To Ensure Growth Of Advanced Manufacturing And Create Increment

Policy Drives Industry Upward, Capital Construction and Energy Chain Prosperity Upward Certainly            

The demand of machinery industry mainly comes from downstream investment. Infrastructure, real estate and energy belong to policy-sensitive type. Under the background of weak economic expectation and uncertain trend, industries that conform to the direction of policy development or have deterministic growth opportunities, mainly include rail transit and engineering machinery related to the shortage board of infrastructure construction, as well as energy resources of beneficiary countries. Oil clothing industry of safety strategy: 1) Rail transportation: In the next two years, the incremental action of freight transportation benefiting from locomotive and freight car demand will achieve explosive growth, the EMUs will maintain relatively stable, the incremental space of moving assembly line replacing ordinary passengers will be huge, and the overall trend of railway equipment procurement will be upward. China Zhongcheng, the leading rail transit vehicle in China, is expected to benefit fully, and its performance reversal is highly deterministic, with emphasis on recommendation. 2) Construction machinery: the construction of short slabs, renewal and release of superimposed environmental protection drive the overall prosperity to continue, the growth of sub-areas is divided, the growth of excavators slows down or narrow fluctuations, and the growth of lifting and concrete machinery*. The stronger the leader is, Hengli Hydraulic, Zhejiang Dingli and Sany Heavy Industries are recommended with emphasis on Zhonglian Heavy Industries, Xugong Machinery and Liugong. 3) Oil clothing: Oil price is the medium of the oil and gas industry chain, the history of the reopening, oil price * oil clothing company fundamentals but synchronized with the stock price. Energy security strategy drives the industry to continue prosperity and accelerates the development of unconventional resources such as shale gas. It focuses on equipment and onshore oil service suppliers, recommends Jerry shares and petrochemical machinery, and recommends attention to offshore oil projects.            

Technological innovation promotes localization and advances industrial robots and laser grinding            

In the second half of this year, the investment in manufacturing industry and the operation of equipment enterprises are not optimistic. Compared with Germany and Japan, the way to win the equipment manufacturing industry is to create a long-term competitive advantage through technological innovation. 1) Industrial Robots: In the past, Japan's success was mainly due to the rigid demand of its own labor shortage and the strong support of the government. In the face of today's relatively mature industries, Japanese manufacturers showed sustained creativity. The uncertainty of domestic short-term demand is the key point for high-quality companies to widen the gap, and the brand with Eston as the representative of R&D is expected to stand out. 2) Laser equipment: The global laser industry is growing rapidly. The domestic laser equipment has been growing rapidly since 2012, and the industry is the main application. Domestic enterprises actively break through, small power laser has been occupied by domestic brands, medium and high power continue to advance. Focusing on R&D of high power products is the kingdom, and the leading laser in China is expected to break through to higher power.

Industrial structure changes lead to new increments and new opportunities for lithium, semiconductor and photovoltaic equipment            

Changes in industrial structure (including transfer to China and internal structural optimization) hedge the downward trend of domestic demand, promote new applications, and lead the growth of equipment demand in both new and replacement areas. 1) Semiconductor equipment: Semiconductor industry transfers to mainland China, equipment demand in wafer factories under construction continues to break out, and domestic equipment has been approved to increase its share. It is suggested that attention should be paid to Huachuang, Changchuan Science and Technology, Precision Measurement Electronics and Pure Science and Technology in North China. 2) Lithium-ion equipment: high sales of new energy vehicles, concentrated demand for power batteries, high-quality batteries in short supply, leading batteries factories to expand production and accelerate lithium promotion. The marginal improvement of new demand for electrical equipment, it is suggested that attention should be paid to pioneering intelligence; 3) Photovoltaic equipment: subsidies slide down to force cost optimization, PERC process benefits from efficiency advantages gradually become the mainstream, technology replacement drives industry increment. Suggestions to Pay Attention to Jetja Weichuang and Beiwei Shares