On March 6, the second session of the 14th National People's Congress held a press conference on the economic theme, and Zheng Shajie, director of the national government, said that with the in-depth promotion of high-quality development,The demand for equipment renewal will continue to expand, and we initially estimate that this is a huge market of more than 5 trillion yuan。Specifically, in terms of equipment renewal, we will focus on 7 major areas, including industry, agriculture, construction, education, transportation, cultural tourism, medical care and other fields.
In the face of such a huge market,Which devices are in greater need for refreshes? What are the most promising core benefits?
According to the institutional point of view, optimistic about the investment opportunities of three types of equipment:
The first is general equipment, which supports the general manufacturing demand and is expected to be the first to benefit。The main starting point of the policy is to encourage manufacturing enterprises to increase capital expenditure and expand production, and the corresponding industrial equipment will clearly benefit. In addition, the peak demand for general machinery represented by machine tools has bottomed out since 2012, and the impact of the epidemic has been delayed according to the calculation of about 10 years of life, and it is expected to usher in a high growth in renewal demand in the future. At the same time, the high-end and localization of superimposed products are upgraded. Representative directions include high-end machine tools (industrial machine tools), industrial robots, injection molding machines, construction machinery, etc
The second is the transportation equipment, high-speed rail, ships and other transportation equipment have entered the peak of maintenance and renewal, which is expected to benefit first。For high-speed rail equipment, from the perspective of cycle, 2013-2017 is a period of rapid development of high-speed rail, the average life of EMUs is about 10 years, and China's EMUs will enter the critical stage of maintenance and renewal from 2024 to 2025; In 2024, environmental protection policies will continue to accelerate the renewal and iteration of high-pollution and high-energy consumption ships, and a new round of ship cycle is expected to open.
The third is the demand for special equipment, advanced production capacity, and semiconductor equipment。From the perspective of promoting technological progress and optimizing the industrial structure, subsidies for special equipment procurement are expected to drive a new round of demand growth for special equipment. Semiconductor equipment, which has yet to break through its localization rate, is expected to benefit.
In fact, the high-end equipment mentioned above is essentially hot in the near future".New quality productivity"Scope. Last Friday (March 1), we emphasized again in the "Excellent Trader" program with the title of "New Quality Productivity Ignites the New Main Line of Market Technology".The new quality productivity is expected to become the new market main line in the future
The new quality productivity covers artificial intelligence (AI), robots, industrial machine tools, high-end equipment, chip semiconductors, new energy, new materials, new energy vehicles, low-altitude economy, brain-computer interface, 6G, satellite Internet and other strategic emerging industries and future industriesAnd these subdivisions are all involved in the tracking of science and technology directions in 2023, and it can be said that we have a special report before each round of science and technology hotspots。Although the time has entered 2024, the investment logic and representative companies in various directions have not changed, in order to let you have a more comprehensive understanding of the various directions of "new quality productivity", we have made a collection of 36 special reports on the direction of science and technology in 2023 and produced ".Summary of science and technology topics in 2023Those in need can get it for free.