Last week’s stock market
Power equipment and new energy sector: it fell 1.59% last week, ranking 26th in terms of rise and fall, weaker than the market. In terms of sub sectors, industrial control automation rose the most last week and nuclear power index rose the least.
New energy vehicles: the sales volume of new energy vehicles increased month on month in November, and LG energy will be listed independently
In November, the wholesale sales of new energy passenger vehicles reached 429000, with a year-on-year growth rate of 131.7% and a month on month growth rate of 17.9%. From January to November, the wholesale sales of new energy passenger vehicles reached 2807000, with a year-on-year growth rate of 190%. In November, the wholesale penetration rate of new energy vehicle manufacturers reached 19.9%, an increase of 12 percentage points over the same period in 2020. Recently, LG energy solution is seeking an IPO with a scale of 12.75 trillion won (about US $10.8 billion), which is expected to be officially listed in January 2022. The raised funds are mainly used for the expansion of the battery factory.
New energy power generation: the central government has set the tone of “double control of carbon emissions” and renewable energy will welcome new benefits
At the central economic work conference held recently, it was proposed that scientific assessment should be made, new renewable energy and raw material energy should not be included in the total energy consumption control, create conditions to realize the transformation from “double control” of energy consumption to “double control” of total carbon emission and intensity as soon as possible, accelerate the formation of an incentive and restraint mechanism for reducing pollution and carbon, and prevent simple layer by layer decomposition. To ensure energy supply, large enterprises, especially state-owned enterprises, should take the lead in ensuring supply and stable prices.
Industrial control and power equipment: structural opportunities brought by new power systems
During the “14th five year plan” period of China Southern Power Grid and State Grid, 670 billion yuan and 350 billion US dollars will be invested in power grid construction respectively. The investment scale of the two power grids during the “14th five year plan” is significantly higher than that in the “13th five year plan”. In the “14th five year plan” investment, the proportion of power grid investment in distribution network side has increased significantly, and UHV construction is still the focus, which meets the needs of new power system focusing on new energy power generation.
This week’s view
Kbc Corporation Ltd(688598) : recommended, high increase in thermal field shipment, forward-looking layout, hydrogen energy application
Arctech Solar Holding Co.Ltd(688408) : recommended, reverse the bottom, accelerate the development of the global tracking support leader
Farasis Energy (Gan Zhou) Co.Ltd(688567) : recommendation, revenue performance inflection point is approaching, continuous recommendation
Beijing Easpring Material Technology Co.Ltd(300073) : recommend, join hands with SK, Sanyuan leader to develop global business
Shanghai Moons’ Electric Co.Ltd(603728) : recommended, with high performance growth, it is expected to enter the stage of accelerated development
Risk statement
The global epidemic lasted longer than expected, the policy did not meet expectations, and the price fell more than expected due to the intensification of industry competition.
