Core recommended combinations: Ming Yang Smart Energy Group Limited(601615) , Shandong Fengyuan Chemical Co.Ltd(002805) , Tongwei Co.Ltd(600438) , Eve Energy Co.Ltd(300014) , Shandong Weida Machinery Co.Ltd(002026) , Fujian Nebula Electronics.Ltd(300648) , Ja Solar Technology Co.Ltd(002459) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) , Trina Solar Co.Ltd(688599) , Titan Wind Energy (Suzhou) Co.Ltd(002531)
New energy power generation:
Photovoltaic: accelerate the construction of a national unified power market system and promote social green and low-carbon transformation. On January 28, the national development and Reform Commission and the National Energy Administration issued the guiding opinions on accelerating the construction of a national unified power market system. The overall goal requires that by 2025, the national unified power market system will be preliminarily completed, the national market will operate in coordination with provincial (District, city) / regional markets, and the integrated design and joint operation of medium and long-term power, spot and auxiliary service markets, The market-oriented allocation of resources across provinces and regions and the scale of green power trading have been significantly increased, and the market trading and price mechanism conducive to the development of new energy and energy storage has initially taken shape. By 2030, the national unified power market system will be basically completed to meet the requirements of the new power system. The national market will operate jointly with the provincial (District, city) / regional market. New energy will fully participate in market transactions. Market subjects will compete equally and choose independently, and power resources will be further optimized throughout the country. It is recommended to pay attention to polysilicon material and battery chip faucet Tongwei Co.Ltd(600438) ; Component faucet Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) ; Large silicon chip faucet Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) ; Inverter Ginlong Technologies Co.Ltd(300763) ; Photovoltaic auxiliary materials: Hangzhou First Applied Material Co.Ltd(603806) , Flat Glass Group Co.Ltd(601865) ; Layout Jiangsu Akcome Science And Technology Co.Ltd(002610) , Suzhou Maxwell Technologies Co.Ltd(300751) , Shenzhen S.C New Energy Technology Corporation(300724) , Risen Energy Co.Ltd(300118) , Jolywood (Suzhou) Sunwatt Co.Ltd(300393) of the new technology route; Operation of photovoltaic power station: Jinko Power Technology Co.Ltd(601778) , Cecep Solar Energy Co.Ltd(000591) , Jiangsu Linyang Energy Co.Ltd(601222) .
Wind power: the newly installed capacity of wind power is 47.57gw, and the rush installation is still at the end of the year; The newly installed capacity of offshore wind power is 16.9gw. According to the data released by the national energy administration, the installed capacity of wind power in China increased by 47.57gw in 2021 and 22.87gw in December. The industry still ushered in rush installation at the end of the year. In 2021, the installed capacity of offshore wind power increased by 16.9gw, and the cumulative installed capacity reached 26.38gw, which exceeded the industry expectation. With the entry of offshore wind power into the era of parity, all links of the industrial chain continue to accelerate the cost reduction, in which the host price has been reduced from 6000-7000 yuan / kW to about 4000 yuan / kW. Up to now, China has launched the offshore wind power parity project of about 11gw. After the national subsidy and retreat, the industry still maintains a high boom. It is expected that the development of offshore wind power may accelerate during the 14th Five Year Plan period. It is suggested to pay attention to the energy storage and nuclear power industry chain and join hands with the target Fujian Nebula Electronics.Ltd(300648) of Ningde energy storage ecosystem; Recommend Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) and parts enterprises with rapid performance growth Titan Wind Energy (Suzhou) Co.Ltd(002531) , Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) , Shandong Shuangyi Technology Co.Ltd(300690) , Jinlei Technology Co.Ltd(300443) , Riyue Heavy Industry Co.Ltd(603218) .
New energy vehicles: the delivery data of new power vehicle enterprises in January is stable. We expect the sales volume of new energy vehicles in China to reach 400000 in January. China’s major new power auto enterprises announced the delivery data in January 2022. Xiaopeng delivered 12922 vehicles, with a year-on-year increase of 115%. The sales volume exceeded 10000 for five consecutive months, and won the sales champion of China’s new car making forces for four consecutive months. 12268 vehicles are expected to be delivered, with a year-on-year increase of 128%, ranking second; Weilai delivered 9652 vehicles, a year-on-year increase of 33.6%. The second tier new power car enterprises represented by Nezha and Zero run accelerated their rise. Based on the high impulse base at the end of December, the sales volume continued to rise in January: Nezha delivered 11009 vehicles in January, with a month on month increase of 8.7% and a year-on-year increase of 401.5%, ranking third in the sales volume of new power; Zero run delivered 8085 vehicles in January, with a month on month increase of 3.6% and a year-on-year increase of 434%. From the total sales volume of the above five new power car enterprises, 53936 vehicles were delivered in January, with a year-on-year increase of 142% and a month on month decrease of 8%. Considering that December 2021 has year-end sales impulse and other factors, resulting in a high base, the month on month decline in January is in line with expectations. On the whole, the sales volume of new forces in January remained stable, and the opening data of 2022 performed well. We expect the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in mid January to reach 400000. In terms of recommendation, Contemporary Amperex Technology Co.Limited(300750) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Hunan Changyuan Lico Co.Ltd(688779) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Shandong Fengyuan Chemical Co.Ltd(002805) , Shandong Weida Machinery Co.Ltd(002026) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Beijing Easpring Material Technology Co.Ltd(300073) , Cngr Advanced Material Co.Ltd(300919) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Dynanonic Co.Ltd(300769) , Yunnan Energy New Material Co.Ltd(002812) are recommended.
Risk tip: the installed demand of new energy is less than expected, the new energy power generation policy is less than expected, and the macro-economy is less than expected.
