Report points The overall view of the machinery industry: In 2015, we are optimistic about the three main investment lines: reform dividends (state-owned enterprises, land reform, low altitude), transformation and upgrading (industry 4.0, robots (300024, stocks)), high-end exports (rail transit, nuclear power).

Zoomlion 9.94 -1.49%

Key recommendations: Zhejiang Dingli (603338, shares), Smart Agriculture (000816, shares), Zoomlion (000157, shares), Xinyan shares (300159, shares), Cixing shares (300307, ​​shares), Senyuan shares (300210, shares), Anhui Heli (600761, shares), Shuangliang Energy Conservation (600481, shares), Keda Clean Energy (600499, shares), Blind (002689, shares). Long-term optimistic: Longma Sanitation (603686, shares), Sichuan Jiuzhou (000801, shares), Jinming Precision Machinery (300281, shares) (suspended), Haida shares (300320, shares), soft control shares (002073, shares), Shanghai Electromechanical (600835, shares), robots, Huachangda (300278, shares) (suspended), Jereh shares (002353, shares) (suspended).

Robotics and automation: According to the Ministry of Industry and Information Technology, the "13th Five-Year Plan" for the robotics industry will be completed by the end of October this year. The key development areas of the industry will be determined in the next five years, and related supporting policies will be followed up. Companies with technological and financial advantages will fully benefit from the boom in the industry, and focus on recommending Cixing Co., Ltd., Soft Control Co., Blind, Hongxun Technology (603015, shares), robots, and Huachangda.

Agricultural machinery: "Internet + agriculture" will become the long-term development trend of the industry, and related platform-based enterprises have huge potential. In addition, the Made in China 2025 interpretation pointed out that by 2020 the market share of domestic agricultural machinery products will reach 90%. We are optimistic about the medium and long-term development prospects of the industry, and we mainly recommend smart agriculture and new research shares.

Rail transit equipment: It was learned this week that Fujian Province has initially planned to invest nearly 160 billion yuan in railway construction during the 13th Five-Year Plan.

It is expected that other provinces and cities will also have plans to be released one after another, and infrastructure investment dominated by railways will continue to be booming during the 13th Five-Year Plan period. Recommend Times New Materials (600458, shares), Haida shares, Nikon Electromechanical, Yonggui Electric (300351, shares).

Energy equipment and oil service: This week the National Development and Reform Commission issued a petrochemical industry planning plan. The newly established petrochemical industry base has an annual crude oil processing capacity of more than 40 million tons and a planned area of ​​not less than 40 square kilometers. Companies that are expected to expand in the industry chain will stand out and recommend Baode shares (300023, shares) and Jereh shares.

Construction machinery: The continuous increase in labor costs releases the demand for high-end equipment. The “Belt and Road” initiative is good for high-quality traditional leaders to “go out”. Focus on recommending Zhejiang Dingli and Zoomlion.

Energy-saving and environmental protection equipment: During the "13th Five-Year Plan" period, environmental protection investment may reach 2 trillion yuan per year, and the industry's prosperity will remain high in the next few years. The key recommendations are Keda Clean Energy, Shuangliang Energy Saving, and Longma Sanitation.

General aviation: Recently, the National Development and Reform Commission and other departments have frequently introduced policies to promote general aviation, and accelerated popularization and intelligence have been put on the agenda. The green light of the relevant authorities' open policy confirms that the development time is ripe and the industry is expected to achieve breakthroughs. Optimistic about ground equipment providers, recommend Sichuan Jiuzhou, Weihai Guangtai (002111, shares it).

Macro and industry news 1) The manufacturing PMI expanded slightly in May; 2) HSBC's service industry PMI hit an 8-month high; 3) The central bank’s PSL dispelled concerns about policy tightening.