Recently, the military industry stock performance is active, and In his article in early September, Dana had already said that the military stock market was an important choice in the second half of the year:
Cyclical price increases and military industry, the strategic direction of A shares in the second half of the year?
In the previous article, there is more analysis of upstream military materials, military electronics, etc., and today Dana and you nag a military industry midstream that many people may ignore: forgings.
Forgings, is a very important part of the military industry, especially like the engine, in addition to the material, forgings level is also a factor affecting the engine manufacturing, from the semi-annual report to the third quarterly report, in addition to the whole machine factory and airborne system performance release, forgings are also a substantial growth in the field of segmentation.
In the forgings, the main companies are AVIC Heavy Machinery, Triangle Defense, Parker New Materials, Aerospace Technology, etc., Aerospace Technology is the science and technology board, not to mention, the first three are general investors may often encounter, today focus on the performance of Parker New Materials, because today's intraday Parker New Materials has just created a record high.
Parker New Materials' third quarterly report:
In the first three quarters, the operating income was 1.191 billion yuan, an increase of 63.24% year-on-year; the net profit attributable to the mother was 192 million yuan, an increase of 57.20% year-on-year; and the net profit attributable to the mother after deducting non-deduction was 178 million, an increase of 58.69% year-on-year.
According to the performance of the first three quarters, it is still a big improvement, mainly the substantial growth of the aerospace and petrochemical business, which also proves the role of performance growth in promoting the rise in stock prices.
Parker New Materials
As can also be seen from the K-line, it has just hit a new intraday high today, and as a sub-new stock, the current trend trend is quite good.
Although Parker New Materials performed well, but the current forging field, the absolute leader is STILL AVIC Heavy Machinery, the performance of the first three quarters of AVIC Heavy Machinery revenue of 6.5 billion, net profit of 600 million, this volume is larger than the sum of Parker New Materials and Triangle Defense. The same is true of the stock price trend, and AVIC Heavy Machinery has hit a record high earlier.
However, although Parker's new material is currently insufficient to compete with AVIC heavy aircraft, its advantages are also many.
Parker New Materials was established in 2006, mainly engaged in the research and development, production and sales of metal forgings. The main business for rolling ring rolling forgings, free forgings, precision die forgings, etc., initially for the shipbuilding, electric power, petrochemical and other industries, in 2013 began to enter the aerospace, nuclear power gas turbines and other high-end market areas, so relative to AVIC Heavy Machinery, in the military industry is a rising star, but because of the good technical precipitation, its development is also very fast, the company is currently Luoluo large and medium-sized casing ring forgings Asia's only supplier, into this supply chain is quite cattle!
Parker new materials focus on aviation military ring forgings, and signed a new generation of international civil aviation ring forging products long-term agreement, in addition to the engine, in the field of rocket missiles is also a broad market, in addition to military products, petrochemical and power is its other application scenarios, according to the previous popular word, this is the real "military-civilian integration" concept; according to the current standards, Parker new materials by the Ministry of Industry and Information Technology as "specialized special new small giant enterprises.".
From the perspective of the industry, military forgings are rarely recommended by the media, and the three quarterly reports have a significant growth rate, and in the future, we will obviously increase the demand in the field of engines and rocket missiles, so the listed companies in this industry will most likely enjoy the cake of military development.
Parker's new materials, which are not all military products, and its advantages in ring forgings, may be more volatile than the mature AVIC Heavy Machinery.
Parker new materials, to strive for the other pole of military forgings.
———— above, Financial Wang Dana, more investment thinking and logical analysis, welcome to pay attention!