Trillion market capacity, new materials industry hotspots

As one of the seven strategic emerging industries, the new materials industry has attractive development prospects. According to the "12th Five-Year Development Plan for New Materials Industry", by 2015, China's new material industry will reach a total output value of 2 trillion yuan, with an average annual growth rate of more than 25%. At present, only about 14% of all new material varieties in China can be completely self-sufficient, and most of them are relatively low-tech varieties. Half of the materials still need to be imported in large quantities, which is particularly evident in the fields of information technology and high-end equipment. In addition, there are still 30% of materials in the country completely blank. Therefore, although China's new materials industry has a broad space for development, the road is not flat. Guohai Securities analyst Zhu Bing believes that during the “Twelfth Five-Year Plan” period, benefiting from the strong demand of downstream industries, new chemical materials such as carbon fiber composite materials, functional membrane materials and new power battery materials will usher in a broad space for development. Industry fever continues to heat up Gao Yunhu, deputy director of the Raw Materials Industry Department of the Ministry of Industry and Information Technology, recently revealed that the "12th Five-Year Development Plan for New Materials Industry" (hereinafter referred to as "Planning"), which has been in preparation since 2010, has now been formed and will be published shortly. According to the "Planning", by 2015, 10 comprehensive leading enterprises with an output value of more than 15 billion yuan, 20 professional backbone enterprises with an output value of more than 5 billion yuan will be formed, and a number of bases and clusters with an annual output value of over 30 billion yuan will be formed. The comprehensive support capacity of new materials products has increased to 70%, and the key new material support capacity has reached 50%; 30 key new material brands have been promoted, and several demonstration and application projects have been implemented. Zhai Zhubing said that during the "Twelfth Five-Year Plan" period, changing the economic development model and vigorously developing strategic emerging industries have become an important means to enhance China's national competitiveness. The development of emerging industries is inseparable from the development and application of new materials. The new materials are an important foundation for the development of various industries in the national economy, especially strategic emerging industries. They are also bottlenecks that have long restricted the development of China's manufacturing industry and the goal of energy conservation and emission reduction. According to the report released by Shangpu Consulting, China is currently in the stage of transformation and upgrading of traditional industries. With the rapid development of aerospace, electronics, chemical, energy, pharmaceutical and other industries, the requirements for basic materials are also constantly improving, and new materials will have Great development potential. At the same time, energy conservation and emission reduction and the development of a low-carbon economy have also become the mainstream of social and economic development. The demand for energy-saving and environmentally-friendly new materials in various fields of society is heating up, which will provide a strong impetus for the development of new materials industry. Based on this understanding and the encouragement of national policies, the enthusiasm for investing in new materials industries across the country is currently high. For example, Harbin proposed that by 2015, the new material industry above designated size will achieve an output value of 50 billion yuan, an average annual growth rate of more than 35%, accounting for 35% of the province; Shanghai proposed that by 2015, the total output value of Shanghai new materials industry is expected to reach 2000. 100 million yuan; Shaanxi is clear that by 2015, Shaanxi Province will form seven billion-dollar new material industrial bases such as Xi'an Economic Development Zone, five new material industry clusters such as electronics and petrochemical, and three new material industrial chains such as non-ferrous metals. And 12 tens of billions of new materials enterprise groups. According to the reporter's understanding, in order to prevent a glimpse of the situation, the Ministry of Industry and Information Technology will draw up a list of key products, including more than 400 key new materials and their performance indicators, key technical equipment, main application areas, etc. The "Planning" was also released at the same time to improve the guiding role of the "Planning" for society, especially enterprises. Many problems in industrialization are to be solved. The new material industry is a typical high-tech and high value-added industry, but it also means high risk and high investment. In the early stage, it often requires a lot of scientific research preparation, and the engineering process also requires a lot of time and Capital investment. Therefore, although the new material industry has a broad development space, it does not mean a smooth road. The relevant person in charge of the raw materials department of the Ministry of Industry and Information Technology said that the development of China's new materials industry is facing some problems that need to be solved urgently. The main performances are as follows: First, there are more resource-based and general-purpose medium and low-end products, and the development of high-end varieties is lagging behind, and some key products are dependent on foreign countries. The second is that the process technology and equipment are backward, the industrial innovation ability is weak, and there are not many achievements with independent intellectual property rights. Third, the industrial base is weak, there are still many obstacles in market cultivation and development, and there is no leading enterprise; the fourth is the institutional mechanism. Supporting and imperfect, basic management work is relatively weak, and the statistical system has not yet been established. Li Kejian, deputy secretary-general of the National New Materials Industry Development Strategy Advisory Committee, said that in the process of industrialization, the new materials industry needs to strengthen the main position of enterprises in the innovation system, but in the construction of key common technologies and scientific research platforms, it needs to be strengthened. Input and guidance at the national planning level, and give full play to the advantages of the talents and resources of the research institute. It is worth noting that new materials and new materials replace traditional materials and need to go through a process that gradually has an industrial scale. Although it saves resource costs and environmental costs, it often costs more than traditional materials at the beginning. . In this regard, Li Kejian said, "Only by increasing application, technology will become more mature, and the level of engineering can be improved. Independent products will achieve an internationally competitive price/performance ratio." He also pointed out that national key projects should take the lead. The application of independent new material products and technologies is one of the best ways to support the development of independent new materials industry. There are many kinds of investment opportunities in the field of new materials industry. Therefore, in the future development process, it is very likely that there will be a lot of flowers and investment opportunities. According to the "Planning", China will focus on supporting six major fields: special metal functional materials, high-end metal structural materials, advanced polymer materials, new inorganic non-metallic materials, high-performance composite materials and cutting-edge new materials. Under these six areas, it is divided into several sub-areas. For investors, it is not easy to find good investment opportunities in many professional fields. Considering that government departments cannot be “sprinkled with pepper” in terms of input and guidance, the development thinking of government departments may be able to clarify the direction for investors. The relevant person in charge of the Raw Materials Division of the Ministry of Industry and Information Technology recently stated that China's key guiding direction for promoting the development of new materials industry is to focus on the development of strategic emerging industries, focusing on key varieties and technical equipment; Major projects in national economic construction, development of advanced structural materials and composite materials, functional materials, etc.; third, closely surrounding structural adjustment and upgrading, promoting the integration of new materials industry and basic materials industry; Fourth, closely surrounding the world's new material science and technology revolution The development direction guides the material industry to achieve leap-forward development. Accordingly, two areas are worthy of attention. First of all, China is vigorously developing the renewable energy industry and the related new materials and equipment needed to achieve energy conservation and environmental protection needs. For example, the key materials required for wind power generation include carbon fiber reinforced composite materials for wind turbine blades, high-performance permanent magnet materials for new direct-drive permanent magnet wind turbines, etc. The key materials required for solar photovoltaic power generation include polysilicon materials, packaging materials and backing. Board materials, etc., as well as power battery materials required for the development of the electric vehicle industry. Secondly, China has transformed the economic growth mode, the key raw material product structure adjustment and the industrial transformation and upgrading. For example, although China is a large steel producer, the level of refined production needs to be improved. It is necessary to actively adopt new technologies (or new processes and new equipment) to improve the performance of traditional materials and increase the added value of products. In similar fields, the development of new materials technology has a very broad development space and great value. Through research on listed companies in the new materials concept sector in recent years, it can be found that when many companies invest their money in the direction of emerging industries that seem to be more promising, some companies that eat crabs first have not achieved the expected benefits. In the face of setbacks in investment, some companies even changed their funds to other directions. Only a few companies perform satisfactorily, and these companies tend to focus on one area of ​​expertise for a long time. In this regard, GF Securities analyst Zeng Weiqiang said that the investment risk of technology-based enterprises is too large, whether technical barriers can be broken, whether technology can be transformed into commercial, there are variables, and must be cautious. He believes that new materials companies with partial application, broad base and close to industry can be used for recent investment. Yan Zhubing said that investors should consider three factors when making choices: the breadth and depth of downstream industry (application areas) demand, the company's technical level and capacity expansion capacity and reasonable valuation. He believes that during the "Twelfth Five-Year Plan" period, benefiting from the strong demand of downstream industries, new chemical materials such as carbon fiber composite materials, functional membrane materials and new power battery materials will usher in a broad space for development.

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