[Market Review] Today the three major indexes opened lower and repaired, with some differentiation. The Shanghai Composite Index rose 0.21%, the Shenzhen Component Index rose 1.20%, and the ChiNext Index rose 2.37% to achieve a reverse package. The turnover of the two cities was

[Market Review]

The three major indexes opened lower today and repaired, with some differentiation. The Shanghai Stock Exchange Index rose 0.21%, the Shenzhen Stock Exchange Component Index rose 1.20%, and the ChiNext Index rose 2.37% to achieve a counter-package. The turnover of the two cities was 993.861 billion, higher than the previous period. The daily decrease was 2.06%. Looking at the

sector, new energy vehicles broke out collectively. Guangxin Materials rose by the 20cm limit, Yinbang Shares and Yunzhong Technology rose by more than 16%, Weitang Industrial rose by more than 10%, Qingdao Double Star, Hanma Technology, Koyo Shares, and Wanma Shares , Delian Group, Xiangyang Bearing, Riying Electronics , Ruima Precision, Meige Intelligent, Shanghai Yanpu and other 26 stocks collectively hit the daily limit; in the direction of power equipment, 9 stocks including Jicheng Electronics, Huijintong, Shenma Electric Power, Great Wall Technology, Wankong Intelligent Manufacturing, Sanhui Electric and other stocks hit the daily limit. ; In the direction of mechanical equipment, Dayuan Pump Industry, Saixiang Technology, Hengmingda, Superstar Technology, Tech-Long, Junhe Co., Ltd., etc. have a daily limit of 10cm; in the direction of robotics, Qinchuan Machine Tool, Guomao Co., Ltd., MOONSHI Electric, Yuanda Intelligent, etc. are among the top gainers; in the energy storage direction, Narada Power Supply and Lanxiao Technology have a daily limit of 20cm, Xizi Clean Energy, Beijing Quanhua, Ganneng Co., Ltd., and Shouhang Hi-Tech reached their daily limit of 10cm, Jin Lang Technology, Yiwei Lithium Energy, Huayang Co., Ltd., Camel Co., Ltd., GoodWe, etc. have followed suit; among others, consumer electronics, semiconductors, Internet of Things, lithium batteries, hydrogen energy, chemicals, two-wheeled vehicles and other sectors have led the gains; Real estate, senior care, medical beauty, large finance, beauty care, paper and other sectors were among the top decliners.

Northbound funds had inflows of 5.005 billion as of closing, Shanghai Stock Connect had inflows of 1.946 billion, and Shenzhen Stock Connect had inflows of 3.059 billion.

(Views are for reference only and do not constitute investment advice. Operations are at your own risk)

[Trend Compensation] - Let’s talk about some stocks with potential for compensation.

The current funds have continued last week’s group speculation. The difference is that the funds have still made a round of high and low cuts. The reason why

is like this is expected to be related to liquidity. Originally, the liquidity was restored to the naked eye last week, but after passing the trillion mark, it did not choose to break through, but went downwards. This has something to do with the old witch's trip to Asia. On the other hand, the index has never been weighted to the top, and this problem still exists:

Let’s put it this way, it doesn’t matter whether the index rises or falls, it is not a market trend based on weight. Then continue to focus on the core stocks of popular sectors. The direction of

is still the same, but in order to stabilize funds, it will cut off the low stagflation. The current market is such a feedback. Regardless of whether it is a robot or a new energy vehicle, the movement of funds is similar.

Both robots and cars have wheels. Their similar parts or modules with similar uses will most likely appear together. At present, speculation is still very tight. Almost any opportunity for speculation has not been missed. Seams are interspersed, so in the short term, we must also follow the market and not be blindly subjective.

(The views are for reference only and do not constitute investment advice. Operations are at your own risk)

Beer

There is a difference here in consumption. Putting aside the home appliances mentioned last week, the current beer is not weak. The willingness of funds to make active attempts is expected to be related to the improvement of the prosperity.

Let’s look directly at the technical aspects. Tsingtao Beer, as the leader, can rise by more than 9%, so we will not be bearish on the sector easily, and will mainly follow it.

The sectors that have weight are bonus points. In the stage where the weight is generally not strong, of course we are more optimistic about the ones that can withstand the beating:

According to data from the National Bureau of Statistics, the output of the beer industry in June 2022 was 4.193 million liters, year-on-year. An increase of 6.4%; the output from January to June was 18.442 million liters, a year-on-year decrease of 2.0%. Monthly output from March to May was -10.3%, -18.3%, and -0.7% year-on-year respectively. In June, the output growth rate further improved month-on-month and turned positive.

Regarding beer, the institutional views are as follows (mainly due to the lifting of the epidemic + high temperature + peak season):

(1) With the lifting of the epidemic in East China and other regions in June, ready-to-drink demand has recovered;

(2) The temperature in the peak season this summer is higher, According to data from the Central Meteorological Observatory, the temperature in June this year was the highest in June in the past decade;

(3) continued stocking demand during the peak season.Looking forward to the peak beer season from July to September, we believe that benefiting from the low base + catering restoration + high temperature, beer demand is expected to continue to exceed expectations, and the restoration of nightclubs, catering, etc. will bring about a rebound in the performance of high-end products.

At the same time, cost pressure on packaging materials is expected to ease in the second half of the year, driving the release of profit flexibility.

Note that we may pay more attention to logic here, because in the market, except for the core popular trends that are very consistent, it is difficult to directly pull up the market with good logic in other directions, and liquidity limits the development of most other sectors.

That’s because there is a logic that packaging materials go down the channel for beer, so the corresponding metal packaging sector is a seesaw. Of course, this is not absolute. The way of understanding is not unique, but the certainty is not that strong.

If the industry's upward slope is steep, then correspondingly, if the supply of beer and beverages exceeds demand, then metal packaging will also rise. What is

similar to? Similar to last year's lithium battery, lithium mines, lithium batteries, and processing have all increased. This is caused by extremely strong supply and demand. There is also a major prerequisite-the valuation is low enough. As of now, the lithium battery direction has not fully digested last year's expectations for this year, otherwise Ning Wang will reach a new high.

(The views are for reference only and do not constitute investment advice. Operations are at your own risk)

robot

robot. This direction has indeed achieved strong sustainability. Judging from the current sustainability, it is not weaker than lightweight. Therefore, we can do low-position switching, which is a natural process.

From the perspective of switching, the machine vision of humanoid robots is currently not much hyped. This is an incremental part. The traditional industrial robot industry chain includes upstream parts suppliers, midstream ontology suppliers, downstream system integration and service providers, and terminal application markets. includes reducers, controllers, and servo systems accounting for 31%, 10%, and 20% respectively. The ontology accounts for 24%, and system integration accounts for about 14%.

The proportion of humanoid robots in cost is lower than that of industrial robots. Since industrial robots have higher load requirements, they usually need to be made of metal materials such as cast iron and high-strength steel, while humanoid robots are usually made of metal materials with lower density or composite materials. The ratio is usually around 15%, while the industrial robot body usually accounts for more than 20% of the production cost.

In terms of sensing, humanoid robots require multiple sensors throughout their bodies, so they also account for a high proportion of production costs.

It is obvious that more components are transferred from the cost of the ontology to machine vision. The proportion of machine vision compared to reducers is not significantly reduced. Therefore, there are certain opportunities for supplementary growth. The top four rankings of

machine vision are as follows:

Ling Yunguang: No. 1 in A-shares in machine vision revenue, No. 1 in all A-shares in terms of technical products and market share. In 2021, the company will achieve operating income of 2.44 billion yuan, and machine vision products account for the revenue 62.02%.

Jingchai Electronics: The company’s machine vision revenue ranks second among A-share companies. In 2021, the company’s machine vision revenue will be 2.409 billion yuan.

Huaxing Yuanchuang: The company’s machine vision revenue ranks third among A-share companies. In 2021, the company’s machine vision revenue will be 2.02 billion yuan.

Daheng Technology: Ranked fourth among A-shares in machine vision revenue, its subsidiary Daheng Image’s machine vision business revenue in 2021 is 1.080 billion yuan.

At present, capital preference determines that the overall trend of the targets of the Science and Technology Innovation Board is relatively strong. Ling Yunguang is currently the absolute No. 1 in the industry. The trend of Huaxing Yuanchuang is also relatively stable. However, in the 10th day increase statistics, the top increaser is 688 The ones at the beginning account for the vast majority.

So if it is used as an alternative, stocks such as Tianzhun Technology, Lingyunguang, Obi Zhongguang, Opto, and ArcSoft Technology may be stronger, but in the next round of rotation, individual stocks on the main board will also have opportunities. Funds will not let you go to the front row of the industry, but you can still look at the top-ranked products.

Open the theme tree and search for "machine vision" to view the machine vision stock details page, which contains logical introductions to individual stocks.

(Views are for reference only and do not constitute investment advice. Operations are at your own risk)

[Market outlook strategy]

The market outlook is still going with the trend. Combined with a trend in the market, follow it. Today, molten salt energy storage has also started to move. Follow-up storage Can it be expected that there will be more here? Repeatedly active, you can take a look at air compression energy storage. The repair of Xizi Clean Energy in molten salt energy storage is still relatively obvious. We have put the relevant introduction in the investment clues, which can be viewed in the interface. Beer last We have also mentioned it in the month, but in the end you will find that its trend is slower, and it is suitable to look at it when it is adjusted.

(Views are for reference only and do not constitute investment advice. Operations are at your own risk)