Core Ideas
Auto Lathe Machine tool is the "industrial mother machine", hundreds of billions of competition road is expected to be born core assets. China's machine tool industry has a huge market scale and a wide variety of products, which has the possibility of the birth of core assets.
(1) Large market space: the
Cnc Auto Lathe machine tool industry has a large market capacity and is the basic equipment for the production of all industrial products. The total market size of metal cutting machine tools and metal forming Cnc
Turning Machine tools is close to 250 billion yuan in history, which is second only to construction machinery in the machinery industry.
(2) Core assets are expected: manufacturing powerhouses such as Europe, the United States and Japan have produced companies with annual revenues of more than 10 billion. Our country is the world's largest machine tool market, have the soil that is pregnant with global leading.
(3) A wide range of categories: the machine tool industry has a wide range of product categories, and there are subdivisions at home and abroad. In the future, high-quality private leading enterprises are expected to accelerate the increase of market share, improve product quality, and become domestic leading enterprises that can match the international top machine tool enterprises.
(4) A key part of autonomy and control, with continuous policy reinforcement: the application field of machine tools is a key pillar industry related to national security.
Grasp the long-term logic of the
Cnc Mill Turn industry and wait for the leading to emerge in the small cycle. The machine tool industry, along with forklifts, industrial robots, injection molding machines and other products, belongs to the general automation equipment that benefits from procyclicality. We believe that machine tools have an investment logic independent of other general purpose equipment:
(1) Scale: China's machine tool industry will gradually enter the renewal and replacement cycle in Q2, and the industry market scale is expected to continue to grow in the next five years;
(2) Pattern: domestic replacement and "state-owned enterprise withdrawal private enterprise advance" will be carried out simultaneously. High-quality private machine tool companies are expected to stand out and relay state-owned machine tools to complete domestic replacement;
(3) Products: traditional machine tools to CNC, servomechanization, processing parts of the fine requirements to drive the development of domestic machine tools from two axis, three axis to four axis, five axis machine.
