The “One Belt, One Road” strategic deployment continued to advance. Recently, the "Opinions on the "One Belt, One Road" Strategy for the United Front Service" issued by the Central United Front Work Department (hereinafter referred to as the "Opinions"), the "Opinions" pointed out that it is necessary to fully mobilize all forces to participate in the "Belt and Road" construction, focusing on active suggestions and suggestions. Promote economic cooperation, promote cultural exchanges, and deliver positive voices.
Just one week before the promulgation of the "Opinions", the State Council executive meeting on May 6 clearly stated that it would focus on the "Belt and Road" in the advantageous areas such as railways. The meeting requested that we focus on areas with comparative advantages such as railways, electric power, communications, building materials, and construction machinery, and we need to connect with different countries, especially those along the “Belt and Road”, and take various investments, such as state-owned and private enterprises, to take investment flexibly. Project construction, technical cooperation and other methods will drive exports of equipment and other industries, and promote employment expansion and economic development in relevant countries.
HY Markets believes that an important carrier of the "One Belt, One Road" strategy is the high-speed rail. As one of the few large-scale manufacturing equipments in China that have mastered a complete set of core technologies, its sustainability is well-determined. The research report said that it is optimistic about aluminum processing enterprises.
Obviously, in the continuous advancement of the national strategy of “One Belt, One Road”, with the successive development of infrastructure construction, aluminum processing profiles are widely used in many fields such as high-speed rail, electric power, construction machinery, etc. Aluminum processing will usher in the next tuyere.
Planning to land the Belt and Road industry to drive the obvious
The reason why the “Belt and Road” can be steadily advanced is that the relevant plans are being promoted. Following the 2014 Central Economic Work Conference, the “Belt and Road Initiative” was the primary strategy for regional development in 2015. On March 28, with the authorization of the State Council, the National Development and Reform Commission, the Ministry of Foreign Affairs and the Ministry of Commerce jointly issued the “Promoting the Construction of Silk. The Road Economic Belt and the Vision and Action of the 21st Century Maritime Silk Road (hereinafter referred to as the “Vision”) further clarify the strategic layout of the “Belt and Road”.
The "Opinions" issued by the Central United Front Work Department also emphasized that it is necessary to clarify the ideas and tasks of the service based on the actual conditions of each region and the different characteristics of the various fronts in the "Vision", strengthen resource integration, and truly act and innovate. Close to reality and focus on effectiveness.
In fact, the "Vision" has detailed the contents of the "One Belt, One Road" principle of co-construction, framework ideas, and cooperation priorities. Among them, the key points of cooperation in the field of transportation infrastructure have been clarified: infrastructure interconnection is a priority area for the “Belt and Road” construction.
This also means that the “Belt and Road” will break through the transportation infrastructure and realize the interconnection of the Asian region. According to the report “Review and Prospect of Overseas Chinese M&A Markets in Mainland China in the First Quarter of 2015” published by PricewaterhouseCoopers, “One Belt, One Road” will bring many changes to the overseas M&A market of Chinese companies, among them, high-speed rail, electricity, Communications, construction machinery, automotive and aircraft manufacturing, and electronic assembly processing will attract significant capital investment.
In this regard, some analysts believe that due to the positive impact of the “Belt and Road”, infrastructure contractors, power equipment, construction machinery, railway equipment, communications equipment, logistics and other industries will fully benefit. The industry-linked effect under the “Belt and Road” strategy has been highlighted. While the above-mentioned industries have fully benefited, the promotion of high-speed rail development is particularly evident. Some experts said that as the main artery of economic operation, the railway will become an important tool to promote trade and personnel exchanges and achieve economic integration in countries and regions related to the “Belt and Road” strategy. China's high-speed rail is not only an important part of the “One Belt, One Road” strategy, but also an important tool to accelerate the implementation of the strategy.
The opportunity for "national" and "civilian" to enter private enterprises has come.
The "Opinions" clearly support the development of conditional private enterprises to resource development, project contracting, and sales networks in countries and regions along the route. Support ethnic areas to seize the "One Belt, One Road" strategy to implement major opportunities, promote infrastructure construction and urbanization, and comprehensively improve the level of open economy.
Indeed, the opportunity for private enterprises has come. According to industry sources, “In the new situation of the Belt and Road, the large-scale infrastructure projects of state-owned enterprises are the forerunners, and the manufacturing projects of private enterprises are followed up, thus forming a pattern of joint ventures between state-owned enterprises and private enterprises.”
Facts have proved that the “One Belt, One Road” ride, the demonstration role of state-owned enterprises is obvious. Since last year, it can be seen from the frequency and intensity of the National Development and Reform Commission's approval of infrastructure projects that the government has begun to promote the construction of infrastructure projects. According to statistics, in 2014, the amount of infrastructure projects approved by the National Development and Reform Commission exceeded RMB 2 trillion. Since the second half of the year, the number of infrastructure projects has been increased. Among them, only the amount of infrastructure projects approved in October and December is more than RMB. 1 trillion yuan. Since 2015, the National Development and Reform Commission has increased the approval of infrastructure projects. According to statistics, in January alone, the National Development and Reform Commission approved the total amount of infrastructure projects to exceed 110 billion yuan.
Experts in the industry believe that the breakthrough of infrastructure projects is mainly in line with China's overall planning for the next decade. The National Development and Reform Commission approved relevant infrastructure projects directly or indirectly around the “One Belt, One Road” strategy.
In fact, private enterprises have already launched actions around the “Belt and Road” strategy. Take the Zheshang private enterprise, which has always been sensitive to smell, as an example, CNPC Longchang Group has already locked in the Malaysian market along one of the “Maritime Silk Road” economic belts, and has cooperated with oil and gas fields through abundant energy in Malaysia. CNPC Longchang plans to invest a total of 4.3 billion yuan to build a terminal at the end of 2017 to receive, store and transport imported energy. As one of the important carriers of the “Belt and Road”, the high-speed rail, in addition to the two central enterprises of China South Locomotive and China CNR, will benefit from the top private enterprises in the upstream suppliers of the North and South vehicles.
Experts believe that in line with the national strategy of “One Belt, One Road”, in the implementation of the important infrastructure construction of interconnection, the “national team” with central enterprises and state-owned enterprises as the core is the natural bearer of major project cooperation among governments, while private enterprises are the market. The best participants in the field of chemistry.
Aluminium processing, the demand for high-end aluminum profiles at the windward opening
CICC believes that the “Belt and Road” construction will mainly focus on “road connectivity”, namely infrastructure construction and transportation projects. Therefore, equipment, supporting facilities, transportation and other industries have benefited significantly. Among them, the equipment and related manufacturing industries include equipment manufacturing companies related to high-speed rail, ports, and construction machinery.
In the fields of high-speed rail, port, construction machinery, etc., aluminum profiles are widely used. In other words, in the tide of infrastructure construction of “Belt and Road”, aluminum profile processing enterprises will usher in new development opportunities.
In recent years, in the field of rail vehicles, especially in the field of high-speed rail, aluminum alloy bodies have been widely used. The density of an aluminum alloy is about one-third that of a steel, and an alloy formed by adding a certain element has a higher strength than a steel alloy. Therefore, while the strength rigidity meets the safety requirements of the high-speed rail car, the use of aluminum alloy can greatly reduce the self-weight of the high-speed train car. Therefore, at present, domestic high-speed rail train cars have used a large amount of aluminum alloy materials. Experts in the industry pointed out that high-speed trains with a speed of more than 300 kilometers per hour must be made of aluminum alloy. All trains of more than 350 kilometers use aluminum profiles except the chassis. At present, among the four types of CRHI, CRH2, CRH3, and CRH5 adopted by the China Railway Passenger Dedicated Line EMU, except for the CRHI type body, which is made of stainless steel, the other three types of EMUs are made of aluminum alloy. The “Belt and Road” strategy will create huge opportunities for China's high-speed rail to the world. This also means that there is only one high-speed rail in the “Belt and Road” and there is a huge demand for high-end aluminum processing products.
Despite the vast market space for high-end aluminum processing products, this does not mean that any aluminum processing company can grab this “cake”. It is understood that there are only a handful of manufacturers of high-end aluminum extrusion products in China. Taking the high-speed rail train project as an example, the enterprises that can develop high-iron body aluminum extrusion products are still a few. Some large-section products, such as the wide-board part of the high-speed rail head, are currently only produced by China Zhongwang. The EMUs that need to travel through the alpine regions with large temperature contrasts require special high-altitude high-speed iron raw material production processes. The aluminum profiles produced by this process can withstand more than 50 “ice and fire” climate changes, and master this. There are few manufacturers of high-end aluminum extrusion products in the production process except for China Zhongwang.
Comprehensive efforts in the fields of ships, ports, airports and wind power
In addition to railways, the demand for high-end aluminum profiles is also large in terms of airports, ships, ports, highways and other transportation facilities in the “Belt and Road” plan. For example, airport plates, aluminum curtain walls, marine and vehicle containers have also begun to use aluminum plates and profiles in large quantities, of which large and medium-section aluminum profiles account for more than 45%.
At the same time, in the aspect of urban rail transit, the aluminum profile car body is also widely used, which makes the high-speed train, subway train, light rail train and double-decker bus lighter, achieving the effect of energy saving, emission reduction and low carbon environmental protection. For example, after the promotion of the "21st Century Maritime Silk Road", shipbuilding and port container business will have huge demand for aluminum profiles and aluminum extrusion products.
As the world's second largest manufacturer and manufacturer of industrial aluminum extrusion products, China Zhongwang mainly produces high-precision, large-section high-value-added industrial aluminum profiles. In addition to being a major supplier of high-iron aluminum profiles, the company also applies its products. In the fields of shipbuilding, marine engineering, aerospace, mechanical equipment, power engineering and wind power.
It is worth mentioning that the aluminum alloy is light in weight, corrosion resistant, formable and weldable, and easy to recycle. It has been widely used in various shipbuilding. At present, aluminum alloys have been increasingly used in military speedboats, passenger ships, cargo ships and yachts in China. In addition, because of the advantages of aluminum alloys, aluminum alloys are found in helicopter stands, landing gear, gangways, moving passenger passages, wind turbines, "wings", ship splints, and hull siding. Almost all of the aluminum alloy profiles supplied by Zhongwang in China can be seen in the field.
As of 2014, China produced about 31,000 urban rail vehicles (including exports), of which about 1/3 of aluminum alloys and about 103kt of aluminum were purchased. With the further implementation of the “One Belt, One Road” strategy, the related infrastructure construction projects will continue to advance, and the demand for high-end aluminum extrusion profiles will show explosive growth. At that time, the manufacturer of high-end aluminum extrusion profiles represented by China Zhongwang will usher in a good opportunity for development.