Industry data
Lithium battery: lithium carbonate 464000 yuan / ton (3.57%); Ternary 622 precursor: 157000 yuan / ton (0.64%), lithium iron phosphate precursor: 22000 yuan / ton (0%); RMB 366000 / ton (7.65%); Artificial graphite: 51500 yuan / ton (0%); nine μ M wet base film 1.42 yuan / m2 (0%); Lithium hexafluorophosphate 59000 yuan / ton (4.42%).
Photovoltaic: super dense silicon material 248 yuan / kg (0.4%); Single crystal 166 silicon wafer 5.45 yuan / wafer (1.87%); Single crystal perc166 cell 1.1 yuan / w (0%); Single crystal perc module 1.85 yuan / w (0%); Coated glass 3.2mm25 yuan / m2 (0%); EVA adhesive film 13.5 yuan / m2 (0%).
Key announcement
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ( Pylon Technologies Co.Ltd(688063) . SH) / Hemei Co., Ltd. (688032. SH) / Trina Solar Co.Ltd(688599) ( Trina Solar Co.Ltd(688599) . SH) announcement of 2021 annual performance express
Eve Energy Co.Ltd(300014) ( Eve Energy Co.Ltd(300014) . SZ): Announcement on signing the cooperation agreement for the whole industry chain project of new energy battery
Levima Advanced Materials Corporation(003022) ( Levima Advanced Materials Corporation(003022) . SZ) announcement on capacity expansion and transformation of EVA unit
Market trend
Dianxin index rose by 4.0%, ranking first in the industry. Since the beginning of the year, the absolute return of Galaxy stock pool has been – 12%, and the relative return has been – 1.83%.
Investment advice
In terms of new energy vehicles, 1) the subsidy for new energy vehicles will be terminated by the end of 2022; 2) Dongfeng took the lead in mass production of solid-state batteries; 3) NDRC issued a document: meet the charging demand of 20 million electric vehicles by 2025; 4) Contemporary Amperex Technology Co.Limited(300750) & Sany Heavy Industry Co.Ltd(600031) push and replace the electric heavy card; 5) Luxshare Precision Industry Co.Ltd(002475) will establish a joint venture with Chery to jointly produce new energy vehicles.
In terms of new energy power generation, 1) the implementation plan for the development of new energy storage in the 14th five year plan is released; 2) The price of Longji silicon chip increased, the battery cost increased by 5 points / W, and the price of Tongwei battery chip increased by 1.83%; 3) Chairman of State Grid: enhance the transmission capacity of power grid and vigorously develop energy storage; 4) The “14th five year plan” for the development of emerging businesses of China Southern Power Grid was issued; 5) State Grid’s high-end transmission technology entered Europe for the first time; 6) LG will stop its photovoltaic panel business.
Investment strategy: the valuation of the new power sector has fallen to a low level, and it is recommended to actively layout. 1) Lithium battery: China’s subsidies continue and the margin of overseas market improves. It is expected that electric vehicles will maintain a high popularity in 2022, so as to stimulate the demand for lithium battery. Battery leaders Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , etc. are recommended; It is suggested to grasp two main lines in the material link: expand new customers overseas, recommend Beijing Easpring Material Technology Co.Ltd(300073) , Cngr Advanced Material Co.Ltd(300919) , Shenzhen Kedali Industry Co.Ltd(002850) , etc; Tight supply and demand, strong bargaining power, recommended Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Dynanonic Co.Ltd(300769) , Ningbo Shanshan Co.Ltd(600884) , Hunan Zhongke Electric Co.Ltd(300035) , Jiangsu Cnano Technology Co.Ltd(688116) , etc. 2) Photovoltaic: the international situation is turbulent, the war between Russia and Ukraine is escalating, getting rid of the constraints on traditional resources such as oil and natural gas, and the value of new energy is prominent. In 2022, the photovoltaic industry embraces the silicon material price reduction cycle. It is suggested to grasp the three main lines of “inverter, integration and auxiliary materials”, and recommend Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) , Sungrow Power Supply Co.Ltd(300274) , etc. 3) Energy storage: a key link in energy transformation. Pylon Technologies Co.Ltd(688063) , Ginlong Technologies Co.Ltd(300763) , Hemai, etc. are recommended. 4) Power grid: under the background of “steady growth”, in line with the great development of new energy, the power grid has ushered in a golden development period. The new power infrastructure will be steadily promoted during the 14th Five Year Plan period, and the digital transformation of power grid will deeply embrace new technologies and models. The leaders State Grid Information&Communication Co.Ltd(600131) and Nari Technology Co.Ltd(600406) under the State Grid, which have obvious barriers in the field of information automation, are mainly recommended.
