You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
東吳電新丨複合集流體更新,滾焊訂單有望落地在即,行業下半年迎來密集催化

滾焊訂單有望落地在即,行業下半年迎來密集催化

事件:1)7月25日,兩部門召開加強新能源汽車安全管理工作會議,會議強調堅決遏制新能源汽車安全事故發生,引導行業企業加快高效能電池系統熱管理、多層級安全防護等技術研發;2)7月31日,洪田科技複合銅箔設備通過客户驗證,7000萬元訂單落地,先導智能發佈複合集流體制造方案;3)8月1日,蔚來ES8撞擊路柱起火,引發市場對汽車安全性的重視。

#加快修訂強制性標準、複合集流體大勢所趨。兩部門加快修訂完善相關強制性國家標準要求,引導行業企業電池系統熱管理、多層級安全防護等技術研發。而複合集流體主打安全性,受熱產生斷路效應,做到只冒煙不起火,大幅降低熱失控風險,符合多層級安全防護需求,同時具備降本、減重等功能,產業化確定性較強。

#滾焊訂單有望落地在即、行業下半年迎來密集催化。①電池廠看,頭部電池廠複合鋁箔已開啟批量裝車,大幅提升快充安全性,複合銅箔處於衡量經濟性階段,預計待材料成本改善後,開啟規模化應用;②材料端看,9月有望看到頭部材料廠PP銅箔的初步循環測試反饋,此外循環測試和路試或同步進行,若測試通過,意向訂單有望提前落地;Q4重慶金美PP銅箔預計正式開啟量產,今年年底或明年上半年有望看到複合銅箔上車;③設備端看,滾焊設備Q3有望訂單落地,預計率先應用複合鋁箔;若材料廠下半年循環測試通過後,磁控濺射、水電鍍設備有望獲得大額訂單。

投資建議:我們看好複合集流體的未來前景,行業下半年迎來密集催化,預計今年四季度開啟放量,推薦兩條主線:1)訂單先行的設備廠,推薦驕成超聲、東威科技、道森股份等;2)量產在即的材料廠,推薦璞泰來,關注寶明科技、東材科技、英聯股份等。

風險提示:新技術量產進度不及預期。

來源:微信公眾號"電新前線"

原標題:複合集流體

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account