2024 New Material Investment Strategy: OLED Materials, PPO Resin, Electronic Gases, Optical Films...

Introduction

Recommended investment opportunities in consumer electronics and semiconductor upstream materials:

➢ Electronic-grade functional powder fillers: Under the technological change, advanced packaging/computing power requirements promote the volume of high-value fillers, and the recovery of consumer electronics drives the shipment and repair of high-volume products such as polysilicon. High-end fillers involve requirements such as spheroidization/modification/radioactive element control, and focus enterprises that have broken the supply barriers and formed customer stickiness are the most beneficial. Target: Novoray New Materials;

➢ OLED materials: OLED terminal materials with the highest barriers and the lowest localization rate benefit from the increase in the penetration rate of OLED panels and the acceleration of localization. Target: Olaide, Wright Optoelectronics, Wanrun Co., Ltd., Related New Materials, Puyang Huicheng;

➢ PPO resin: deeply benefit from the release of demand for high-speed copper clad laminates, with the domestic manufacturers stepping up the layout, the industry pattern is expected to be reshaped, and the next 1-2 years is the key card period, and the first to obtain certification enterprises is expected to win the opportunity. Target: Sheng's Spring Group;

➢ Electronic gases: the "blood" of the electronics industry, the downstream boom rebounds + localization accelerates, synthesis and purification + customer certification build high barriers in the industry, and domestic enterprises continue to expand their categories. Target: Guanggang Gas, Jinhong Gas, Huate Gas, CSSC Special Gas, Silane Technology, Qiaoyuan Co., Ltd., Heyuan Gas, JOVO Energy;

➢ Optical film: There are still domestic substitution new machines in the field of photoelectric display and microelectronics, focusing on high-quality enterprises that are used in polarizers/OCA/MLCCs and other high-end products. Target: Tozai Technology, Stitch.

Full text (unabridged)

Selected report source: Yinchuang Think Tank

New energy/new materials/high-end equipment manufacturing

Energy Storage丨Lithium Battery丨Sodium Battery丨Power Battery丨Fuel Cell丨Hydrogen Energy丨Photovoltaic丨Wind Power丨New Energy Vehicle丨Electronic Components丨Motor Electronic Control丨Energy Metal丨Carbon Neutrality丨Semiconductor丨Integrated Circuit丨Chip丨Lithography丨Advanced Packaging丨Silicon Carbide丨Wet Electronic Chemicals丨New Materials丨Superconducting Materials丨Rare Earth Magnetic Materials丨Carbon Fiber丨Polymers