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Summary of Industry Research Weekly Report: Emerging Industries

Industry Rating and Overview

The report maintains a "Stronger than large cap" investment rating for the emerging industries sector. Published on October 29, 2023, this analysis highlights key trends and opportunities in the field, with a focus on innovation and growth in areas like AI, 5G, and advanced manufacturing. Analysts include Wu Li, Jiang Menghan, and Lin Yuxin.

New Stocks Highlights

The report covers new listings in October 2023:

• SSE Mainland Board:
  • Tianyuan Intelligent (603273): A leader in intelligent equipment for green building applications, with strong market presence and international exports.
  • Runbo Coating (603193): A growing company in personal care and insect repellent products, dominant in e-commerce channels and with high revenue growth.
• GEM Board:
  • Sique New Material (301489): Focuses on electronic functional materials, serving top clients like Xiaomi and Huawei, with steady expansion in heat management solutions.
  • Shaanxi Huada (301517): Specializes in high-reliability connectors, supplying aerospace and telecom sectors, showing robust growth post-IPO.
    Recommends closely monitoring these stocks for investment potential in emerging tech and industrial sectors.

Suggested Focus Stock: Shaanxi Huada

Suggesting attention on Shaanxi Huada due to its leadership in aerospace and defense connectors, market leadership in areas like satellite communication, and strong growth drivers from 5G and IoT adoption. The company reported significant revenue increases, including a 432% year-over-year rise in 2023, supporting its position in high-growth markets.

Key Risks to Consider

Potential risks include:

• Raw material price volatility affecting profitability.
• High client dependency, with major reliance on military and telecom customers.
• New factory relocation issues, leading to increased costs.
• Stock volatility for newer listed companies due to limited liquidity.

This summary condenses the core insights from the report, emphasizing areas of opportunity and caution in the emerging industries.