At the weekend, the conflict between Russia and Ukraine expanded in an all-round way, the secondary market was also in the limelight, the Shanghai and Shenzhen markets fell sharply, and the vast majority of individual stocks plummeted, but one of the sectors came out of the independent market. With the continuous appearance of war pictures in various short videos, the power of Russian missiles and cruise missiles continues to strengthen the market, A-share disk aerospace, missile manufacturing, radar defense and Beidou navigation and other military stocks began to rise rapidly, military stocks have become the mainstream varieties of the two cities where floating funds are concentrated and rapidly pulled up, and the military industry sector has become a short-term sustainable hot spot to bring good short-term benefits!
Today, I am here to solemnly introduce a potential dark horse of the military industry that has benefited from the conflict with Russia and Ukraine- 002411. First, let's look at a piece of background information: According to the Russian satellite network reported on February 24, Russian technology group weapons sources said that the Russian military's individual equipment on the East Ukrainian border uses ultra-high molecular weight polyethylene fiber to achieve a record light weight, while the degree of protection will exceed all existing body armor. According to the data released by the Russian side, ultra-high molecular weight polyethylene fiber can prevent shrapnel flying at a speed of 670 meters per second, has excellent protection, and can also offset the impact of the blow, thereby reducing the probability of soldiers suffering visceral damage due to the impact. Those who understand contemporary warfare clearly know that in addition to the powerful lethality of offensive weapons, the ultimate factors that determine the outcome of contemporary military victory or defeat are also indispensable basic conditions for safe and efficient life protection and strong logistical support. In the Russian-Ukrainian conflict, military body armor and bulletproof helmets made of ultra-high molecular weight polyethylene fiber materials have been installed on the Russian military, which has played an important role in protecting the lives of Russian soldiers and ensuring the combat effectiveness of soldiers. Therefore, when other investors are chasing cruise missiles and radar-guided military stocks at high prices, we think that domestic A-share high-molecular-weight polyethylene fiber listed companies will have greater opportunities. Because with the deepening of the war, the demand for bulletproof helmets and body armor will increase significantly! The demand for high molecular weight polyethylene fiber will inevitably face explosive demand, and the listed companies that produce this material will face huge room for growth! Choosing to find relevant listed companies will surely bring investors a very good investment return!
After research and painstaking search of the grid, we found that Jiangsu Jiujiu Technology Co., Ltd., a subsidiary of Yan'an Bikang (002411), was actually a single manufacturing champion enterprise of ultra-high molecular weight polyethylene fiber in China determined by the Ministry of Industry and Information Technology!!!
According to the information obtained by Yan'an Bikang (002411) in the investor communication platform, the design capacity of the subsidiary Jiangsu Jiujiu Technology Co., Ltd. ultra-high molecular weight polyethylene fiber is 12,000 tons per year, and the production capacity scale ranks first in China and the forefront of the world. After telephone communication with listed companies, it was confirmed that Jiangsu Jiujiu Technology Co., Ltd. is a leading enterprise of ultra-high molecular weight polyethylene fiber in China, a standing director unit of the ultra-high molecular weight polyethylene material industry technology innovation strategic alliance, participated in the drafting of the national industry standard for non-ferrous ultra-high molecular weight polyethylene filament, and the ultra-high molecular weight polyethylene fiber produced by jiangsu province was tested and certified by the Science and Technology Department of Jiangsu Province as a high-tech product. At present, the company after technological transformation, it is expected that Yan'an Bikang's ultra-high molecular weight polyethylene materials, the actual production capacity in 2022 is expected to reach 14,000 tons, ranking first in the world, but also the invisible supplier of Russian bulletproof materials (military industry can not be disclosed), the company's products in addition to meeting the needs of domestic users, but also exported to Russia, Singapore and other Southeast Asian countries, product demand is strong, supply is in short supply!
In the past, talking about Yan'an Bikang, capital market people think that it is more pharmaceutical listed companies, in 2021, new energy has been recognized by the market, the company's lowest price has risen five times, and the company's performance has also risen with the price of lithium electricity! Now a Russian-Ukrainian conflict, the attention of body armor and bulletproof helmets makes us suddenly bright, obedient, Yan'an Bikang (002411) This company is not simple, typical domestic ultra-high molecular weight polyethylene fiber faucet! Due to the reasons for the military industry, Yan'an Bikang can not openly supply the amount and quantity of bulletproof materials for Russian soldiers, but the Russian-Ukrainian war is a living advertisement, which will bring full opportunities, it can be expected that ultra-high molecular weight polyethylene fiber will be fully produced and sold, a little difficult to find, it is expected to reproduce the brilliant growth brought by lithium hexafluorophosphate to the company in 2021, and the performance of Bikang in 2022 will have a huge role in promoting, in fact, Yan'an Bikang has become a huge beneficiary of the Russian-Ukrainian war, living out of a military upstart, It deserves the attention of investors.
More importantly, with the decline of new energy, Yan'an Bikang's stock price from the high adjustment down, currently oscillating at about 10 yuan, whether it is benchmarking new energy, or benchmarking military new materials, the absolute price is very low, from the valuation point of view, the profitability of new energy plus the outbreak of new materials, 2022 performance will also increase significantly, the current corresponding to 2021 only 15 times PE, is seriously undervalued. Considering the high growth of Yan'an Bikang (002411) performance, the low absolute price, the effective support of valuation, and the blessing of the new military new material theme, Yan'an Bikang is worth the expectations of shareholders and more worthy of everyone!)
According to the Russian satellite network reported on February 24, Russian technology group weapons sources said that the Russian military's east-Ukraine border individual equipment, all use ultra-high molecular weight polyethylene fiber to achieve a record light weight, while its degree of protection will exceed all existing body armor.
According to the data released by the Russian side, ultra-high molecular weight polyethylene fiber can prevent shrapnel flying at a speed of 670 meters per second, has excellent protection, and can also offset the impact of the blow, thereby reducing the probability of soldiers suffering visceral damage due to the impact.
At present, the mainstream materials of body armor include Kevlar fiber, carbon fiber and ultra-high molecular weight polyethylene fiber.
Among the three, ultra-high molecular weight polyethylene fiber is the most promising material, and Russia's latest body armor design is based on this material.
Although polyethylene is often used as synonymous with plastics, the gap between ultra-high polymer polyethylene fibers and plastic materials is very large, and ultra-high polymer polyethylene fibers are the toughest fibers in the world, and their strength is 15 times that of steel.
Ultra-high molecular weight polyethylene, also known as UHMWPE fiber, its outstanding properties are inseparable from its extremely high molecular weight.
Generally speaking, only ultra-high molecular weight polyethylene resins with an average molecular weight greater than 1.7 million have excellent properties that conventional molecular polyethylene does not have and other engineering plastics cannot match.
Therefore, people usually refer to polyethylene with an average molecular weight of more than 1.7 million as ultra-high molecular weight polyethylene.
The production of UHMWPE fibers is carried out by gel spinning (also known as gel spinning). The existing production process can be divided into two categories, one is the dry spinning method represented by DSM and Toyo Spinning, and the other is the wet spinning method represented by Honeywell.
The main difference between the two is the use of different solvents and subsequent processes.
The DSM process uses a hydronaphthalene solvent. Decahydronaphthalene is volatile and can be spun dry, eliminating the need for subsequent extraction stages; Honeywell uses paraffin oil solvents, which require subsequent extraction stages to extract the first solvent with a second solvent (extractant).
Paraffin oil, also known as mineral oil or white oil, used by companies such as Honeywell. It is generally a mixture of hydrocarbons with a boiling point higher than 350 °C.
Most of the existing manufacturers in China use paraffin oil as a solvent wet spinning process. The extractants used at home and abroad are HCFCs, solvent gasoline, toluene, dichloromethane, dichloroethane and so on.
HCFCs are low toxicity, non-flammable and high extraction efficiency, but their use is limited by international conventions such as the protection of the ozone layer.
Therefore, the search for efficient, low-toxicity and safe extractants has always been an important part of UHMWPE fiber production process development.
The ultra-high molecular weight polyethylene fiber produced by chemical, physical and other methods has more characteristics, plays a huge role in practical production and application, and is also the focus of scientific researchers' research.
UHMWPE fiber has a high specific strength, high specific modulus, its specific strength is more than ten times that of the same cross-sectional steel wire, the specific modulus is second only to the special grade carbon fiber.
The fiber density is low, the density is 0.97g/cm3, and it can float on the surface of the water. Low elongation at break, large work at break, strong ability to absorb energy, so it has outstanding impact resistance and cutting resistance.
Anti-ultraviolet radiation, anti-neutron ray, high specific energy absorption, low dielectric constant, high electromagnetic wave transmittance.
Chemically resistant, abrasion resistant and has a long flexural life.
It is also because ultra-high molecular weight polyethylene fiber has many of the above excellent characteristics, it has shown great advantages in the high-performance fiber market, including mooring ropes in offshore oilfields, high-performance lightweight composite materials, etc., and plays a pivotal role in modern warfare and aviation, aerospace, sea defense equipment and other fields.
As mentioned at the beginning of the article, because this material is not only extremely strong, but also unusually light, its unit density is only 0.97 g / cubic centimeter, because this density is smaller than water, so the body armor of this material can float on the water when thrown into the water.
The description of "light as paper, hard as steel" should be said to be appropriate, and the military body armor it makes fully meets the requirements of durability and weight.
In recent years, the global new material industry has developed rapidly at a rate of about 20%, and the market development trend is very promising.
It is undeniable that ultra-high molecular weight polyethylene fiber is the representative of this.
However, ultra-high molecular weight polyethylene fiber has always been a scarce material in the world, with an annual demand of about 50,000 tons in the world, of which the United States accounts for 70%, but the world's output is less than 9,000 tons, and the gap is very large.
Therefore, new materials are the key development industry in the 21st century, compounding is an important trend in the development of new material technology, and advanced composite materials have become an important direction for the development of new materials.
We believe that in the future, more Chinese industries will invest in the development and research of new materials, and we will enter our own "new material era".
The above content is collected by the author through public information, for reference only, and does not make any recommendation basis!