event
The central economic work conference held from December 8 to 10 stressed that the new renewable energy and raw material energy will not be included in the total energy consumption control, and the transformation from "double control" of energy consumption to "double control" of total carbon emission and intensity should be realized as soon as possible.
Key investment points
The dual control policy is targeted, and the energy revolution is further promoted
The meeting stressed that the dual control policy should be scientifically assessed. On the one hand, the new renewable energy and raw material energy consumption will not be included in the total energy consumption control, which not only improves the "one size fits all" restriction that the previous "dual control" policy may affect new energy related enterprises, but also shows that the relevant energy consumption of new renewable energy will continue to be included in the intensity control of energy consumption, Therefore, high energy consuming industries related to renewable energy can not develop indefinitely. On the other hand, the meeting called for "dual control" of the total amount and intensity of carbon emissions as soon as possible. Different from the previous dual control policy object of "energy consumption", the dual control assessment for "carbon emissions" will encourage the end power demand groups to prefer to use clean energy, so as to effectively push forward the clean energy revolution.
Overall favorable to wind power generation, the industry ushered in accelerated growth
Previously, although the dual control policy aims to limit the blind development of "double high" projects of energy consuming enterprises, it will inevitably affect the capacity expansion of relevant links in the new energy industry chain, thus having a certain impact on the development of scenery. The meeting not only "corrected the deviation" of the dual control policy, but also changed the assessment object of dual control from "energy consumption" to "carbon emission", and extended the management of energy users to the end, which can fundamentally encourage the transformation of clean energy and comprehensively benefit wind power generation.
Investment suggestion: the scenery boom continues to rise, and high-quality leaders continue to benefit
At present, there are frequent favorable policies in the scenery industry, and the total consumption control restrictions on new energy consumption are lifted. The scenery boom continues to rise and the growth is accelerated. The high-quality leaders in the industry are expected to continue to benefit.
For photovoltaic sector, it is recommended to pay attention to [ Longi Green Energy Technology Co.Ltd(601012) ] [ Tongwei Co.Ltd(600438) ] [ Ja Solar Technology Co.Ltd(002459) ] [ Jinko Power Technology Co.Ltd(601778) ] [ Shanghai Hiuv New Materials Co.Ltd(688680) ]. For wind power sector, it is recommended to pay attention to [ Ningbo Orient Wires & Cables Co.Ltd(603606) ] [ Jiangyin Hengrun Heavy Industries Co.Ltd(603985) ] [ Titan Wind Energy (Suzhou) Co.Ltd(002531) ] [ Dajin Heavy Industry Co.Ltd(002487) ] [ Jinlei Technology Co.Ltd(300443) ] [ Fujian Funeng Co.Ltd(600483) ]
Risk statement
Policy promotion is less than expected; Increased competition; Rising prices of raw materials, etc
