1. Today, the semiconductor sector fell sharply under the influence of Zw, mainly because the performance of ZW in the second quarter did not exceed market expectations.
In the long term, the growth driving force of Zw comes from the technological breakthrough and volume increase of rf front-end products, but the company needs to face the matching problem of the overall growth rate decline and the current high valuation.
First, carbon trading started
On July 14, a regular policy briefing of The State Council will be held to introduce the launch of the national carbon emission trading market.
To meet the needs of expanding the coverage of the national carbon market, the Ministry of Ecology and Environment has organized the reporting and verification of carbon emission data of enterprises in related industries, including building materials, non-ferrous metals, iron and steel, petrochemicals, chemical industry, paper making, aviation, etc.
At present, the official launch of the national carbon emission trading market is just around the corner, and the related industries have welcomed strong expectations.
At present, carbon trading is expected to benefit in three directions:
1) Carbon detection, such as Penny test, Sidelong, etc
2) Energy, such as Zhongmin Energy, Three Gorges Energy, Longji Stock, Mingyang Intelligent, Trina Solar energy, Changyuan Electric Power, etc
3) Related to carbon trading, such as Yueyang Lin Paper, Fujian Kinson, etc
Second, the price of phosphate ore
The high economic performance of the new energy vehicle industry has led to the high economic performance of the mid-stream lithium battery industry, which is the main reason for the strong growth of lithium battery industry in the last month.
With the rise of electrolyte and diaphragm related targets, the market began to dig upstream related branches.
Recently, the average reference price of phosphate ore in the mainstream area near 550 yuan/ton, compared with June 1 (the average reference price of phosphate ore 510 yuan/ton) price, the average price increased by 40 yuan/ton, or 7.84%.
Understanding from the market information, phosphate ore supply is relatively tight, the market price is expected to maintain high.
With the return of lithium iron phosphate to the mainstream of lithium cathode materials, the domestic demand is expected to exceed 1 million tons by 2025, and the long-term market will maintain a high growth rate. In this context, the demand for "lithium iron phosphate - iron phosphate - high purity phosphoric acid and industrial ammonium - yellow phosphorus and phosphate fertilizer - phosphate ore" to the upstream conduction of the industry chain.
Phosphate ore related targets are expected to benefit, such as Tianyuan shares, Silte, etc
Glass futures breakthrough 3000 mark, another record high, the second half of the glass is the traditional peak season, the price is expected to continue to strengthen.
In terms of production capacity, the industry capacity is rigid, with little room for adjustment and high exit cost. It takes 8-10 years to put into production until the end. From this year 21 to the first half of next year, capacity replacement policy wants to increase the possibility of capacity is 0, in the context of carbon neutrality, glass industry capacity will maintain relatively stable.
From the point of view of industry concentration, the industry concentration is low, CR10 50-55%, the 14th Five-year plan industry concentration is more than 75%.
In terms of inventories, float glass inventories in 13 major provinces fell 3 percent month-on-month to 20 million weight cases last week, reversing a trend of six consecutive weeks of inventory increases since late May.
This is the inventory situation under the current off-season background. From the current industry situation, in the second half of the year, glass supply and demand is tight, and related targets are expected to benefit, such as Qibin Group, South GLASS A, Luoyang Glass, Yamadun, Follett, etc
The net profit attributable to shareholders of listed companies was 230-300 million yuan, up 76.89%-130.72% compared with the same period last year. The company's performance exceeded expectations.
The company's revenue has maintained rapid growth, the cloud transformation of digital cost business has been fully covered, and the revenue of both new and old regions has achieved growth. The transformation area of the company's digital cost covers the middle and late period. The profit fluctuation brought by the transformation has passed, and the apparent profit gradually recovers.
The cloud transformation of the company's digital cost business is progressing smoothly, and the ARPU value of users is further improved through value-added services. Digital construction business is expected to return to the fast growth channel after early adjustment and accumulation. Digital design layout has a long-term growth curve, and the overall growth direction is clear, the growth path is relatively certain, and the sustainable growth can be expected.
2. Sino-fujian Energy
In the next five years, the scale of offshore wind power is expected to increase by 8.3 times.
The company focuses on wind power/photovoltaic/biomass and other new energy power generation business, and its controlling shareholder is fujian Investment Group, which is state-owned. By the end of 2020, 114,000 kW of offshore wind power is under construction. The investment group has 312,000 kw of offshore wind power under construction / 500,000 kW, and 1.2 million kW of pumping and storage power station under construction.
Fujian province has excellent wind resources, and the company's sea breeze project is rich in resource reserves, and has the full support of Fujian Investment Group. It is expected that the installed sea breeze capacity of the company is expected to achieve a leap-forward growth during the "14th Five-year Plan", and it is estimated that the sea breeze scale of the company is expected to reach 1,508,000 kW before 2025. It is 8.3 times of the sea breeze transport scale and 1.8 times of the total installed capacity at the end of 2020.
3, chuanyangtse storage was blocked comments
With the support of domestic equipment, the progress to the United States has been at 55/28nm, which means that except hefei Changxin (19/17nm) + SMIC South (14/10/7nm) is the advanced process, the other 95% of domestic fabs will not be affected, because almost all other fabs are at 55/90/130nm process. Yangtze Storage at (45-28nm) if the ban intensifies, it will greatly stimulate domestic equipment demand and r&d progress.
Five, the stocks
It is estimated that the half-year net profit of 2021 will be 12.50 billion yuan to 12.7 billion yuan, with a year-on-year growth of 1,001%-1018%. In the first half of the year, the mature production line of the company maintained full production and full sales, and the market share of LCD mainstream applications continued to maintain a leading position
2. Jiangte Motor
The net profit attributable to shareholders of listed companies in the half year of 2021 is expected to be 175 million yuan to 185 million yuan, with a year-on-year growth of 6214.73% to 6575.57%. The external environment of lithium carbonate business continues to improve, the downstream demand increases, and its sales price increases significantly compared with last year
3. ST Huayu
Net profit is expected to reach 66.8 million yuan to 72 million yuan in the first half of the year, up 203.91 percent to 227.57 percent year-on-year
4. Guoxuan High-tech
The company and The Volkswagen Group signed a Memorandum of Understanding on Battery Strategic Partnership, aiming to work together to build a fully clean energy ecosystem for the production of power battery cells and modules.
The parties intend to cooperate in the development of a ternary standard cell for production in Salzgit, Germany, and further explore the cooperation in the development of a lithium iron phosphate cell (" Lithium iron phosphate first generation standard cell "). The two sides will build zero-carbon plants in Europe and will jointly develop other potential production sites in Europe.The two sides will cooperate in the infrastructure construction of new energy vehicles, cascade utilization and battery recycling, and research and development of advanced technologies such as JTM, CTP and CTC.
5. Lone Star Chemical
It is expected that the net profit of the half-year return to mother in 2021 will be 100-130 million yuan, with a year-on-year growth of 3700.98%-4841.27%.
6. Kimpo Titanium Industry
Revised results forecast, is expected to profit in the first half of 110 million yuan to 115 million yuan, year-on-year growth of 1380% to 1430%, previously estimated growth of 1105% to 1155%
Net profit is expected to reach 1.3 billion yuan to 1.35 billion yuan in the first half, up 549 percent to 574 percent year on year
8. Mount Everest in Tibet
It is expected to achieve net profit of 390 million yuan to 430 million yuan in the first half of the year, an increase of 225.05%-258.39%
9. Electric connection technology
The net profit attributable to shareholders of listed companies is expected to reach 182.5 million to 192.5 million yuan in the half year of 2021, with a year-on-year growth of 113.52%-125.22%.
10. Baby Rabbits
It is expected to earn 290 million yuan to 330 million yuan in the first half of the year, up 577% to 671% year on year.