MindMap Gallery Industry Research Semiconductor-Robotics
Describe the development rules of the semiconductor industry, the core processes of the semiconductor manufacturing process, and investment points. It also introduces the core issues of robot development and investment methods.
Edited at 2022-01-26 01:28:15One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
Project management is the process of applying specialized knowledge, skills, tools, and methods to project activities so that the project can achieve or exceed the set needs and expectations within the constraints of limited resources. This diagram provides a comprehensive overview of the 8 components of the project management process and can be used as a generic template for direct application.
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
Project management is the process of applying specialized knowledge, skills, tools, and methods to project activities so that the project can achieve or exceed the set needs and expectations within the constraints of limited resources. This diagram provides a comprehensive overview of the 8 components of the project management process and can be used as a generic template for direct application.
1.
1.
2. semiconductor
3 main lines
Strategic emerging industries, investment drives equipment demand
Semiconductor equipment
Industrial Robots and Automation
Lithium battery equipment
Technological progress, import substitution critical point
Marine engineering equipment
High-end hydraulic parts
Semiconductor equipment
The industrial landscape is reshaped and leaders expand their advantages
Lithium battery equipment
Construction machinery
Rail
Photovoltaic equipment
Investment focus
Development of emerging industries: driving demand for equipment
Semiconductor equipment
26 new wafer fabs will be built from 2017 to 2020
Investment scale reaches 1.065 billion yuan
Drive 700 billion equipment investment
new energy vehicles
Expansion plans of 30 major battery cell manufacturers
303GW added from 2018 to 2020
The cumulative equipment demand in the next three years will reach 82.6 billion yuan
Robotics and Industrial Automation
In 2016, the number of industrial robots in China was about 300,000 units
The target for 2020 & 2025 is 80 & 1.8 million
The compound growth rate is 27.8%&22%.
Technological Progress: Import Substitution
Semiconductor equipment:
Demand scale in 2017>50 billion
Domestic share is only about 5%
Industrial robot
In 2016, domestic market share was approximately 20%
2020/2025 target: 50% vs. 70%
Localization rate of key components: 50% and 80%
Hydraulic parts
The market size is about 60 billion/year
Mid- to high-end demand accounts for about 30%
Domestic high-end products begin to gradually replace
Reshaping of the competitive landscape: leaders expand their advantages
Engineering Machinery City
2011
Sany excavator market share: 12.3%
Local brands 38.45%
2018
Sany share: 20.7%
Sany excavator market share: 51.2%%
Industry research
status quo
Wafer fab current mold and cost
Domestic fab progress
Yield
Expansion plan
Order status: core orders
Industry Catalyst
policy
funds
The flow of talent
iconic order
Research recommendations
Grasp the core contradictions of the industry
Downstream demand release time
Domestic manufacturers’ products meet the requirements
downplay valuation
Domestic products have the potential to grow 5-10 times
Valuation can be digested quickly
Research Difficulties
Capacity expansion progress and tender timing depend on technological progress
It is difficult to grasp the time of repeated supply by domestic companies
Micro → logical verification
Upward boom cycle: 3-5 years
The demand from 2016 to 2018 is about 170 billion
The turning point of semiconductor equipment appears in 2018
The industry grew by 61% year-on-year
Demand scale reaches 75 billion yuan
Turnaround in equipment localization
manufacturing link
Equipment investment proportion: 60%-70%
Wafer manufacturing value accounts for the highest proportion
More than 50% of total IC design capital expenditure
The proportion of each link in the equipment
Manufacturing 79%
Package 7%
Test equipment 9%
Other 5%
Priority is given to manufacturing equipment on the track
The amount is high
More incremental investment
core target
Jingsheng Electromechanical (leading monocrystalline silicon equipment)
Northern Huachuang (Integrated circuit high-end process equipment)
Pure Technology (Integrated Circuit High Purity Process System)
Changchuan Technology (Integrated Circuit Testing Equipment
3. Construction machinery
Price Fluctuations: Cyclical
demand analysis
Terminal consumption structure
Analyze Sub-Industry Forecasts
macroeconomic cycle
Metal consumption is strongly related
Delayed by 1~2 quarters
production capacity, output changes
price reacts to supply
supply analysis
Capacity
Yield changes
Comprehensive reflection of supply and demand
Inventory changes
Key points of research on the construction machinery sector
Main equipment conduction sequence
Excavators>Loaders>Crane>Concrete machinery
Demand side analysis
Main downstream
estate
Infrastructure (railways, highways, water conservancy, etc.)
mine
exit
Downstream data
New real estate construction area
railway fixed investment
Planning: National Bureau of Statistics
Indirect effects of fiscal policy and monetary policy
Data Tracking: Industry Association On-Time Hours
new changes
Renewal requirements
Competitiveness in overseas markets
Corporate asset status and profit elasticity
Pay attention to the analysis of competitive landscape
Research Difficulties
Difficult to judge the demand side
Research and track sales
Open for hours
Financial opacity
Market demand and competition landscape analysis
Maximum downstream demand
real estate
infrastructure
sales analysis
Growing rapidly
Domestic share: 50%
Model comparison
Large excavator
medium excavator
recovery
small excavator
decline
Working hours steadily increase
Demand
Equipment requirements
Update requirements
Environmental protection policy
4. Industrial robot
Research Points of Industrial Robots and Automation Sector
Industry chain value share
Upstream: Core components: 10%
Midstream: Robot body: 30%
Downstream: Automation systems: 60%
Core logic of ontology and parts: import substitution
Automation system integration segment
Downstream industry prosperity and space
Automation company competitiveness
Data tracking
Robot body sales
market capacity
Research Difficulties
Objective evaluation requires research
Significant non-standard characteristics
Research costs are relatively high
Order: Project type
Features
largest market
Leading growth
Sales proportion: 36%
Demand continues to grow
Handling robots are in greatest demand
Low localization rate: 268%
Robot cost: 70%
reducer
controller
Servo
Craftsmanship
carry
processing
Coating glue seal
fastest growing
Manufacturers understand
ontology supplier
Market doubts
Technical barriers are not high
Difficult to expand in scale
Non-standard attributes
not easy to copy
Difficulty in recruiting talents
Fund advance problem: poor corporate cash flow
new perspective
technical barriers
Get bigger
integrated provider
Market doubts
The mid- to high-end market has been blocked by overseas barriers for a long time
The localization rate of the industry is difficult to increase
Low technical barriers to mid- to low-end
Downstream integrators have a strong voice
Core components are monopolized by foreign countries
new perspective
Master core component technology
Good at building channels
form a model
scale becomes larger
Increased bargaining power
5.
Public Fund-Semiconductor & Machinery