Plate review
Performance of the week before the festival: from January 24 to January 28, all sectors of shenwanyi fell, among which power equipment, agriculture, forestry, animal husbandry and fishery fell the least, with a decline of 1.92% and 2.12% respectively, and computers and media fell the most, with a decline of 9.69% and 9.66%.
The top ten stocks in the new energy sector in the week before the festival are: Dajin Heavy Industry Co.Ltd(002487) (23.80%), Jiangsu Zhongtian Technology Co.Ltd(600522) (17.54%), Titan Wind Energy (Suzhou) Co.Ltd(002531) (16.55%), Shenzhen Xfh Technology Co.Ltd(300890) (10.50%), Yongxing Special Materials Technology Co.Ltd(002756) (10.45%), Jolywood (Suzhou) Sunwatt Co.Ltd(300393) (10.44%), Qinghai Salt Lake Industry Co.Ltd(000792) (10.01%), Ganfeng Lithium Co.Ltd(002460) (9.25%), Tianqi Lithium Corporation(002466) (7.77%), Hunan Zhongke Electric Co.Ltd(300035) (6.62%). The top ten stocks that fell were: Weilai (- 23.58%), Xiaopeng automobile (- 23.10%), Shijiazhuang Tonhe Electronics Technologies Co.Ltd(300491) (- 17.55%), Ning Xia Yin Xing Energy Co.Ltd(000862) (- 17.33%), Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) (- 15.59%), Geely Automobile (- 14.51%), ideal automobile (- 14.09%), Changzhou Tiansheng New Materials Co.Ltd(300169) (- 13.14%), Cecep Solar Energy Co.Ltd(000591) (- 12.90%) and Zhejiang Narada Power Source Co.Ltd(300068) (- 12.80%).
Core viewpoints and investment suggestions of new energy vehicles
In the first month of 2022, Byd Company Limited(002594) passenger car sales will welcome a “good start” again. According to the data on the official website of Byd Company Limited(002594) on February 3, Byd Company Limited(002594) passenger cars sold a total of 95180 in January 2022, a year-on-year increase of 126.1%, including 92926 new energy passenger cars, a year-on-year increase of 367.6%. In addition, “Wei Xiaoli” continues to maintain the momentum of high sales. In January, 12268 ideal one vehicles were delivered, with a year-on-year increase of 128.1%, and more than 10000 vehicles were delivered for three consecutive months. Xiaopeng delivered 12922 cars, a year-on-year increase of 115%. Among them, 6707 Xiaopeng P7 vehicles were delivered; Xiaopeng P5 delivered 4029 vehicles; Xiaopeng G3 series delivered 2186 vehicles. Weilai delivered 9652 new cars in January, with a year-on-year increase of 33.6%. The sales volume continues to lag behind Xiaopeng automobile and ideal automobile.
Looking forward to 2022, Xinneng car track is expected to continue to maintain a high landscape. There are still structural opportunities in Xinneng car sector, and short-term adjustment may provide buying opportunities. Under the current trend of automobile globalization and electrification, the global sales of new energy vehicles will still maintain a rapid growth trend. According to the passenger Association, the global sales volume is expected to reach 10 million vehicles in 2022, China Shipbuilding Industry Group Power Co.Ltd(600482) battery industry chain, as a participant occupying the main share of the world, will fully benefit. Lithium battery industry chain: with the continuous rise of raw materials such as lithium ore in the upstream and the demand for new energy vehicles in the downstream, the price of power battery may rise in 2022, and the profit of battery enterprises is expected to be repaired. The relevant targets are: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Gotion High-Tech Co.Ltd(002074) , Farasis Energy (Gan Zhou) Co.Ltd(688567) , Sunwoda Electronic Co.Ltd(300207) , Zhuhai Cosmx Battery Co.Ltd(688772) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) . Lithium battery material industry chain suggests paying attention to enterprises with strong bargaining power, integrated layout and overseas expansion of new customers: negative electrode related targets Shanghai Putailai New Energy Technology Co.Ltd(603659) , diaphragm related targets Yunnan Energy New Material Co.Ltd(002812) .
Core viewpoints and investment suggestions of photovoltaic and wind power
In the short term, the price of PV in the middle and upper reaches remained stable as a whole in the week before the festival, and the subsequent capacity release of silicon manufacturers is expected to guide the cost downward and promote the downstream installation demand; Under the background of China’s gradual liberalization of electricity price control, it is expected that the profitability of distributed photovoltaic investment will increase. The superposition policy will guide the whole county to promote the construction of distributed photovoltaic. In the future, distributed projects will still account for a high proportion of new installed capacity in 2022. In the medium and long term, “double carbon” and the proportion of non fossil energy in primary energy consumption will reach about 20% in 2025. The goal is clear. New energy such as photovoltaic will play an important role in energy transformation and carbon emission reduction. It is suggested to grasp the investment opportunities in component links that benefit from the decline of raw material prices and the expected recovery of profits, including Longi Green Energy Technology Co.Ltd(601012) , Trina Solar Co.Ltd(688599) , Ja Solar Technology Co.Ltd(002459) ; Related targets of distributed photovoltaic project construction: Sungrow Power Supply Co.Ltd(300274) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Ginlong Technologies Co.Ltd(300763) .
In the short term, the parity offshore wind power in January 2022 is faster than expected, the trend of large-scale wind turbines is significant, the overall cost is expected to continue to decline, and the wind power landscape is expected to improve. In the medium and long term, wind power is one of the alternative forms of energy to achieve “carbon neutrality”. The wind power industry has broad prospects and long-term growth space. At the same time, offshore wind power is the key to solve the contradiction between insufficient power generation and power load in the eastern coastal areas. Subjects with cost advantage and core competitiveness of Technology: Dajin Heavy Industry Co.Ltd(002487) , Titan Wind Energy (Suzhou) Co.Ltd(002531) , Qingdao Tianneng Heavy Industries Co.Ltd(300569) , Riyue Heavy Industry Co.Ltd(603218) , Ming Yang Smart Energy Group Limited(601615) , Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Sinoma Science & Technology Co.Ltd(002080) , Jinlei Technology Co.Ltd(300443) .
Risk tips
The production and sales of new energy vehicles are lower than expected; The double carbon policy is less than expected; The epidemic development exceeded expectations.
