Antai Science and Technology (000969)： a model for scientific research in the field of new materials
Antai Science and Technology (000969): a model for scientific research in the field of new materials
Introduction to this report: Antai Technology, with its scientific research capabilities, has core competitiveness in a variety of new material products and has important strategic value.
The rare earth industry has improved, and its magnetic material industry chain has benefited. For the first time, it has given a cautious increase in holdings.
Investment Highlights: Give a cautious overweight rating for the first time.
Antai Technology has cultivated in the field of new materials for many years. It has core competitiveness in many new material fields and has important strategic value.
Antai Technology’s EPS for 2019-2021 is expected to be 0.
17 yuan / share, according to the same industry companies to give them 55X PE in 2019, the corresponding target price is 7.
7 yuan, the current space 7.
5%, the first coverage given a cautious overweight rating.
Pioneer in scientific research in the field of new materials.
The major shareholder of Antai Technology is China Iron and Steel Research Group. The company inherits the history of new materials of China Steel Research Institute for more than 65 years. It has a national enterprise technology center, an enterprise post-doctoral research station, and thousands of 天津夜网 researchers.
The four business sectors based on “Advanced Functional Materials and Devices, Special Powder Metallurgy Materials and Products, High-Quality Special Steels and Welding Materials, Environmental Protection and High-end Technology Service Industry” serve as core business sectors. In hydrogen energy (Antai Environment), the military industry, Aerospace, marine applications.
The company has a variety of new materials with core competitiveness. The company is a domestic leader in amorphous strips, breaking the control of amorphous alloys in Japan and the United States for half a century.
As one of the top ten industrial fields for national key development, Antai Technology is a pioneer in advancing the development of new materials and has important strategic value.
The downstream neodymium iron boron continued to deepen, and the upstream rare earth resources are expected to be injected.
The company’s production capacity of rare earth permanent magnet products is about 2500 tons / year.
Its high-end neodymium iron boron magnetic materials are widely used in important fields such as high-end consumer electronics (including VCM), industrial motors and automobiles.
The controlling shareholder, China Iron and Steel Research Group, promised to complete the injection of Shandong Rare Earth’s holding power by October 31, 2019. Antai Technology is expected to form a full-scale industrial chain layout of rare earth NdFeB.
The supply and demand pattern of the rare earth industry improved, and Antai Technology benefited.
Catalyst: Rare Earth Price Rise Risk Tip: Rare Earth Resource Injection Exceeds Expectations