Contains a quick review of several recent new stocks....

Recently, the new stocks seem to be slightly active from a distance, but they are indeed very challenging and volatile. For example, the Sichuan Internet Media, which is related to the establishment of the party, rose by more than 40% on the second day of listing, and today, on the third day of listing, it fell by more than 18%. It is really a paradise for ultra-short experts and a harvester for ordinary investors. In short, I still maintain the previous suggestion that non-ultra-short experts or registered new stocks with not particularly good quality are advised to participate cautiously five days before listing, because most of the registered new stocks are of average quality but are listed too high in one go.



At the same time, the new stocks under the registration system are now pushed too high. There is no other way. Some funds will go to play with the newly listed science and technology innovation stocks. The activity of science and technology innovation stocks has increased this month, but it is basically limited to the first three days of listing. The transaction volume is still sluggish afterwards. The Stock Exchange can’t sit still without listing. It has to hold a hard technology lecture hall and listen to the opinions of enterprises to improve the science and technology innovation system….

There are more new stocks listed recently. Dolphin has been empty for a few days and has not posted any articles. Today, I will try a new form to focus on the recent science and technology innovation stocks and main board new stocks. Next time, I will talk about the registration system new stocks and Shenzhen Stock Exchange.

Science and technology innovation stocks——

Xunjiexing Tonghuashun classification is semiconductors and components. In fact, it is not a high-end semiconductor stock. It focuses on samples and small batches of PCB boards. It feels worse than the previous Sihui Fushi. I will sit and watch the decline.

Liance Technology provides power system equipment and testing services. Its technical content is good, but its technical strength is still far behind that of foreign capital. However, the proportion of the company's revenue from new energy vehicles has increased from 27% in 2018 to 45% in 2020. Combined with the Huawei concept, the trend of domestic substitution is still obvious. The bad thing is that the company's industry space is slightly small, and it is still high in the short term. Let's see later.

Mingzhi Technology looks okay at first glance, and I will explain it in detail later

Bozhong Precision Apple equipment stocks, once rose by more than 24% today, the only drawback is that the performance is average, but it can be tracked appropriately

Liyuan, which was listed today, is a bit high, and there was a big pull-up in the late trading; Maixinlin also opened high. Recently, the Israeli-Palestinian conflict has caused some pulses in military stocks.

In terms of new stocks on the main board-

Zhejiang Natural makes inflatable mattresses for export, and it suddenly closed at the end of today;

Jiahe Food is a non-dairy creamer manufacturer that has been on the board for two consecutive days after opening, and there are large differences today;

Watson Technology's main focus is on brushed air cushion materials used in yoga mats, paddle boards and other water supplies, but it has also been impacted by the epidemic, but it is optimistic about the growth space of indoor supplies such as yoga mats, which will be analyzed in detail later.

Weizhixiang: The first stock of pre-prepared dishes, it has increased in volume today, and it may need to be cautious in the short term, and funds may also follow Jiahe Food

Today, let's continue to talk about a new stock under the registration system-Zhongzhou Special Materials. Speaking of high-temperature alloys, people who are new should be familiar with them. High-temperature alloys are a high-end material that can be used in aircraft engines and are also one of the country's important strategic materials. The previous Gangyan Nake and Tunan shares are all staged bull stocks of high-temperature alloys. However, Gangyan Nake and Tunan shares have previously focused on the aerospace and military fields. Although the gross profit margin is high, the market space is limited. The uncertainty of military orders also casts a layer of uncertainty on them. Nowadays, the first civilian high-temperature corrosion-resistant alloy stock, Zhongzhou Special, has been quietly listed. Although there are only two more words, the product range is wider. It not only includes high-temperature alloys, but also corrosion-resistant alloys, collectively known as high-temperature corrosion-resistant alloys. Compared with other peer companies, it has a complete range of products and can provide one-stop services for the entire industry chain. It is widely used in the civilian field and is a provider of core components for high-end equipment. It covers almost everything from oil and gas to nuclear power, marine engineering, new energy and even automotive parts, 3D printing, medical equipment and other fields. Basically, it is used wherever the working conditions are complex. It has entered the supply chain system of foreign giants such as Shell, Emerson, and BP. So what is its quality? Let's see Dolphin's in-depth analysis for you today!

The previous analysis link about Tunan shares is as follows:

The second high-temperature alloy stock! The cornerstone of aerospace, the demand for aircraft engine orders is gradually increasing....

The previous analysis link about Gangyan Nake is as follows:

The leader in the field of metal detection! Superimposed with new materials + SOE reform + One Belt One Road + high-speed rail + large aircraft + nuclear power and many other topics...

High-temperature corrosion-resistant alloys have high barriers to entry and many of them are still dependent on imports

High-temperature corrosion-resistant alloys refer to two major types of alloys: high-temperature alloys and corrosion-resistant alloys. With the development of technology, the metal properties of high-temperature alloys and corrosion-resistant alloy products cross boundaries. Many special alloy products are both high-temperature resistant and corrosion-resistant and wear-resistant. The two are difficult to strictly distinguish, and the manufacturing process is similar, so they are collectively called high-temperature corrosion-resistant alloys. Because high-temperature corrosion-resistant alloys have the characteristics of high temperature resistance, corrosion resistance, wear resistance, and high strength, aerospace, petrochemical, nuclear power, marine engineering, etc. have become rigid demands for them. At present, the high-temperature corrosion-resistant alloy industry in developed countries has entered a mature stage, and the industry has high barriers to entry, but my country's localization is still relatively low, and a considerable part still relies on imports.

According to the different structures of matrix elements, high-temperature corrosion-resistant alloys are divided into four categories: cobalt-based, nickel-based, iron-based, and copper-based. According to the process, they are further divided into two categories: cast high-temperature corrosion-resistant alloys and deformed high-temperature corrosion-resistant alloys.

Cast high-temperature corrosion-resistant alloys have the advantages of wide composition, high strength, and stronger adaptability to the shape and size of parts. The disadvantage is that they are not suitable for hot processing. They are used in aerospace engines, industrial gas turbines, internal combustion engines, petrochemicals, glass manufacturing, metallurgy, medical equipment, etc.

Deformed high-temperature corrosion-resistant alloys have good mechanical properties and comprehensive strength and toughness indicators, and have high oxidation resistance and corrosion resistance. They are used in aerospace engines, shipbuilding, industrial gas turbines, nuclear reactors, and chemical industries.

From the perspective of market competition, cast high-temperature corrosion-resistant alloys have many processes, high technical content, and low market competition. Deformed high-temperature corrosion-resistant alloys have relatively few processes, are relatively easy to copy, and have a high degree of market competition.

The growth rate of my country's high-temperature alloy industry will reach 20-30%, and the demand for civil high-temperature alloys will account for 20%, which still has a large room for growth.

High-temperature alloys are also called heat-resistant alloys and superalloys: they have long-term creep resistance, high lasting strength and high corrosion resistance, focusing on meeting the requirements of high-temperature oxidation resistance, corrosion resistance, fatigue resistance and fracture resistance in ultra-high temperature environments (such as the working environment of aerospace engines). They were originally mainly used for hot parts of aerospace engines, and then gradually expanded to gas turbines, automobile engines, electricity, oil and gas exploration and development and other civilian fields.

The global annual consumption of high-temperature alloy materials is nearly 300,000 tons, with a market size of US$12.1 billion. The United States and Europe account for 58% and 20% of the global high-temperature alloy consumption market, respectively. In downstream applications, aerospace and electricity account for 55% and 20%, respectively. Among them, although the US high-temperature alloy market is very mature, it still maintains a growth rate of about 20%. From the perspective of market competition, there are no more than 50 companies in the world that can produce high-temperature alloys for aerospace, mainly concentrated in Europe and the United States. Developed countries regard high-temperature alloys as strategic military materials and never export them.

At present, my country's demand for high-temperature alloys is still mainly concentrated in the aerospace and military fields, and my country still relies mainly on imports in high-end fields such as nuclear power and gas turbines. At the same time, my country's demand for civil high-temperature alloys accounts for 20%, while the United States is about 50%. In the future, my country's civil high-temperature alloys still have a large room for growth. Overall, with the strong downstream demand, my country's high-temperature alloy market will maintain a growth rate of 20-30%, and will exceed 40 billion by 2024.

Although my country is a major stainless steel producer, high-end products such as nickel-based alloys and super austenitic stainless steel still rely on imports

Corrosion-resistant alloys focus on meeting the requirements of corrosion resistance, certain high temperature resistance, and wear resistance in corrosive media (such as deep oil and gas wells). They should be used in harsh environments and are widely used in oil and gas development, petrochemicals, nuclear power, marine engineering, shipbuilding, metallurgical industry and other fields.

Corrosion-resistant alloys broadly include iron-based alloys, nickel-based alloys (high corrosion resistance), nickel-iron-based alloys, and copper-based alloys (particularly excellent corrosion resistance). Among them, stainless steel is an iron-based alloy, but ordinary stainless steel is a low-alloy material. Austenitic and super austenitic stainless steel, duplex stainless steel and precipitation hardening stainless steel in stainless steel belong to high-alloy materials. Among them, super austenitic stainless steel and nickel-based alloys are the crown of special steel and alloy products. They are the core products of corrosion-resistant alloys. Very few companies in the world have them, and my country still relies on imports. From the overall industry structure, there are many ordinary stainless steel companies in my country, but there are few companies capable of producing high-end corrosion-resistant alloys used in LNG transportation, ultra-supercritical power plant boilers, nuclear island equipment, high-corrosion-resistant oil and gas wells, etc., and high-end stainless steel is still imported.

Emerging countries such as China and India have substitution advantages and gradually undertake the transfer of low- and medium-end high-temperature alloy industries. For example, my country has become a major stainless steel producer in the world, accounting for 52.6% of global production, but nickel-based alloys (including high-temperature nickel-based alloys and corrosion-resistant nickel-based alloys) are key parts materials for national defense, aerospace, etc. Europe and the United States are still the main production areas. my country's nickel-based alloy manufacturers are mainly special steel companies, but there is a big gap with foreign capital.