This week’s view
Recently, the market style has changed, undervaluation has become the main line of the market, and growth stocks represented by new energy have always been in consolidation. Recently, the central economic work conference once again mentioned carbon neutralization and still put carbon neutralization in a more important position, but the expression is slightly different from that of last year. This year, it is proposed that promoting carbon neutralization should be based on China’s national conditions and pay close attention to green and low-carbon technologies, but it can not be attacked. Carbon neutralization is the top-level strategic goal in the coming decades. The withdrawal of traditional new energy should be based on the safety and reliability of new energy, and promote the optimal combination of coal and new energy according to China’s coal dominated national conditions.
The rapid development of new energy should be built on the basis of ensuring people’s livelihood, step by step and step by step. Barbaric expansion of production, false reporting and concealment are bound to damage the progress of new energy development. This time, the planning is carried out at the national level, emphasizing the green and low-carbon technology research, which also confirms the previous policy direction of the state to avoid reporting low-end production capacity, It is a standard for the whole new energy industry to make the development of new energy more stable and reasonable.
The photovoltaic market performed well this week, and the high price of silicon material became loose. The overall performance of the photovoltaic industry chain represented by modules and cells was stronger than that of new energy vehicles and wind power. The loose price of silicon material is expected to bring more installed demand to the downstream. However, a decline in price does not mean a reversal of logic, which needs to be guaranteed by the sustainability of the decline in silicon price, Pay close attention to the price of silicon material in the future.
Market performance
This week, the Shanghai Composite Index rose 1.63% to close at 3666. CSI 300 rose 3.14% to close at 5055.12; CITIC power new energy industry index fell 1.56%, underperforming the CSI 300 index by 4.70%. In terms of sub sectors, the new energy vehicle index fell 1.30%, the photovoltaic index rose 4.47%, and the wind power index fell 0.20%.
Some company dynamics
On December 10 Guangzhou Tinci Materials Technology Co.Ltd(002709) , it was announced that the proposed issuance of convertible bonds would raise no more than 2.561 billion yuan for the project of new lithium battery materials with an annual output of 152000 tons, the project of electrolyte basic materials with an annual output of 62000 tons, the project of lithium difluorosulfimide with an annual output of 20000 tons and supplement working capital. (company announcement)
On December 9 Jiangxi Special Electric Motor Co.Ltd(002176) , the company issued an announcement. The company received the notice on filing a case (Zheng Jian Li Jian Li Jian Zi No. 025201009) from the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”). Due to suspected illegal information disclosure, the CSRC decided to file a case against the company in accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations. The company will actively cooperate with the relevant work of the CSRC and perform the obligation of information disclosure in strict accordance with the regulatory requirements (company announcement)
Risk statement
The risk of intensified market competition, repeated epidemic and subsidy policy.
