Industry outlook and configuration suggestions:
New energy vehicles: Recently, battery enterprise Contemporary Amperex Technology Co.Limited(300750) released a performance forecast for 2021, and its profit exceeded market expectations. We believe that as the raw material end gradually ushers in the price inflection point in 2022 and the demand end is still expected to maintain high growth, the profitability of the battery end is expected to rise with the superposition of scale effect and efficient supply chain management level. At the same time, the delivery volume of Weilai, Xiaopeng and ideal vehicles in January 2022 increased significantly year-on-year and performed well. The sales volume of new energy vehicles is expected to maintain a high growth rate in 2022.
Recommended: Contemporary Amperex Technology Co.Limited(300750) , Yunnan Energy New Material Co.Ltd(002812) , Eve Energy Co.Ltd(300014) , Beijing Easpring Material Technology Co.Ltd(300073)
New energy power generation: in the carbon peak of the Political Bureau of the CPC Central Committee and the 36th collective learning, Xi Jinping stressed that we should fully understand the urgency and arduousness of realizing the "double carbon" goal, and put promoting the development of new energy and clean energy in a more prominent position. Recently, the price of central silicon wafer, the leader of monocrystalline silicon, has increased, and the demand for 22q1 photovoltaic is expected to remain strong.
Recommended: Yangling Metron New Material Co.Ltd(300861) , Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) , Tongwei Co.Ltd(600438)
Industry trends:
New energy vehicles: in January 2022, the delivery data of the new forces of car building were released. Xiaopeng delivered 12922 vehicles, a year-on-year increase of 115%, and Weilai delivered 9652 vehicles, a year-on-year increase of 33.6%; The ideal one delivered 12268 vehicles, with a year-on-year increase of 128.1%.
New energy power generation: in the first quarter press conference, the National Energy Administration said that in 2021, China's new installed capacity of renewable energy was 134 million KW, accounting for 76.1% of the country's new installed capacity of power generation.
Risk factors: the downstream demand is less than the expected risk; Risk of technical route change; Price fluctuation risk of raw materials; Market competition intensifies risks; International trade risks, etc.
