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By 21:00 on February 1, 11890 confirmed cases and 17988 suspected cases of new coronavirus pneumonia had been confirmed in China, and many provinces and cities had issued policies to delay the resumption of work. The World Health Organization defined the epidemic as "public health emergencies of international concern" (pheic) on January 31, which we believe may have a short-term impact on the domestic demand and export of the machinery industry. In the medium and long term, we have established It is suggested to pay attention to the moderately loose monetary and fiscal policies that may be issued by the central government. In the medium and long term, we are still optimistic about the equipment manufacturing leader with international competitiveness and long-term growth prospects.
The resumption of SARS and the preliminary judgment of the impact of the epidemic
We may have a preliminary judgment on the impact of the SARS epidemic through the resumption of the SARS epidemic from the end of 2002 to 2003. From the first SARS case in the middle of November 2002 to the middle of June 2003, the mechanical sector of a share fell by - 0.2%, which was 7.2ppt lower than the Shanghai Stock Exchange Index. Among the sub sectors, instruments, automation and coal equipment were the weakest, textile and clothing equipment, building equipment, abrasives and environmental protection equipment were better than the industry average; the Hang Seng industrial index of H share rose by 21.7%, outperforming the Hang Seng Index The number is 21.8ppt. Considering the improvement of the current national medical level and the delay in returning to work during the Spring Festival, we believe that the duration of the impact of the new crown pneumonia epidemic may be shorter, but the short-term (before and after the Spring Festival) impact on the downstream demand may be greater.

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