Plate review
Last week’s performance: from February 21 to February 25, shenwanyi industry rose or fell, led by power equipment and national defense industry, with an increase of 4.25% and 3.05% respectively. Building decoration and building materials led the decline, with a decrease of 6.53% and 6.50% respectively.
The top ten stocks of the new energy sector that saw the new energy sector last week last week last week are among the top ten stocks of the new energy sector that saw the new energy sector rising in the new energy sector last week. The top ten stocks of the new energy sector in the new energy sector last week last week are: Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) Sichuan Yahua Industrial Group Co.Ltd(002497) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\08%), Jiawei Renewable Energy Co.Ltd(300317) (11.08%), Sinomine Resource Group Co.Ltd(002738) (10.97%), Hunan Zhongke Electric Co.Ltd(300035) (10.62%). The top ten stocks that fell were: Weilai (- 9.78%), Dajin Heavy Industry Co.Ltd(002487) (- 9.00%), Geely Automobile (- 9.00%), China energy construction (- 7.80%), Xiaopeng automobile (- 7.55%), chase Japan electric (- 7.34%), Jiangsu Azure Corporation(002245) (- 5.91%), Zhuzhou Times New Material Technology Co.Ltd(600458) (- 5.71%), Beiqi Foton Motor Co.Ltd(600166) (- 5.67%), Huayi Electric Company Limited(600290) (- 4.88%).
Core viewpoints and investment suggestions of new energy vehicles
The national development and Reform Commission and the National Energy Administration issued a notice on printing and distributing the implementation plan for the development of new energy storage in the 14th five year plan. Among the development objectives, the implementation plan specifies that by 2025, the new energy storage will enter the stage of large-scale development from the initial stage of commercialization and have the conditions for large-scale commercial application. Among them, the performance of electrochemical energy storage technology is further improved, and the system cost is reduced by more than 30%. By 2030, new energy storage will be fully market-oriented.
Energy storage technology can be divided into mechanical energy storage, electrical energy storage, electrochemical energy storage, thermal energy storage, chemical energy storage, etc. among them, pumped energy storage and electrochemical energy storage are the most widely used energy storage technologies. Electrochemical energy storage refers to all kinds of secondary battery energy storage represented by lithium battery, which has large capacity, fast response and the most development potential. At present, the main participants in the electrochemical energy storage market are battery manufacturers and inverter manufacturers, and related companies are mainly divided into three categories: (1) consumer and power lithium battery leaders: such as Contemporary Amperex Technology Co.Limited(300750) , LG Chemical, Samsung SDI, Eve Energy Co.Ltd(300014) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) , Zhejiang Narada Power Source Co.Ltd(300068) , etc. (2) Inverter Faucet: such as Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , etc. (3) PV or new energy vehicle terminal application leaders: Tesla, Byd Company Limited(002594) , Sonnen, etc. According to the prediction of the white paper on energy storage industry 2021 released by cnesa, it is conservatively estimated that the cumulative installed capacity of the electrochemical energy storage market will reach 5790.8mw in 2021. From 2021 to 2025, the compound growth rate of the cumulative scale of electrochemical energy storage will be 57.4%. China’s electrochemical energy storage market will enter the stage of large-scale development.
Under the current trend of double carbon globalization, electric and intelligent vehicles, the global sales of new energy vehicles are still expected to maintain a rapid growth trend, and there are still structural opportunities in the new energy vehicle sector in 2022. According to the prediction of the China Travel Association, the global sales volume in 2022 is expected to reach the level of ten million vehicles, and China Shipbuilding Industry Group Power Co.Ltd(600482) battery industry chain, as a participant occupying the main share in the world, will fully benefit. Lithium battery industry chain: lithium battery industry chain: lithium battery industry chain: lithium battery industry chain: with the price of raw materials such as lithium ore in upstream and the price of raw materials such as lithium ore continuing to rise in tandem with the demand for downstream new energy vehicles turning better. In 2022, the price of power batteries is likely to rise in 2022, as the price of battery batteries will likely rise in 2022, and battery companies are expected to usherin a profitable fix in the hope of battery businesses, and related targets: Contemporary Amperex Technology Co.Limited(300750) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\. Lithium battery material industry chain suggests paying attention to enterprises with strong bargaining power, integrated layout and overseas expansion of new customers: cathode materials suggest paying attention to lithium iron phosphate and high nickel ternary leaders, and relevant targets include: Shenzhen Dynanonic Co.Ltd(300769) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Beijing Easpring Material Technology Co.Ltd(300073) ; Objects related to negative electrode materials: Shanghai Putailai New Energy Technology Co.Ltd(603659) , beiteri, Ningbo Shanshan Co.Ltd(600884) ; Electrolyte related targets: Guangzhou Tinci Materials Technology Co.Ltd(002709) , Shenzhen Capchem Technology.Ltd(300037) , Shandong Shida Shenghua Chemical Group Company Limite(603026) ; Related objects of diaphragm: Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) ; It is suggested to pay attention to Guangdong Jiayuan Technology Co.Ltd(688388) , Nuode Investment Co.Ltd(600110) . In the field of lithium battery recycling, in the context of the upcoming retirement tide of the power battery recycling industry, it is suggested to pay attention to the enterprises with the advantages of first mover and integration in the fields of power battery recycling and manufacturing, standby power and charge and discharge, and the relevant targets include: Gem Co.Ltd(002340) , Miracle Automation Engineering Co.Ltd(002009) , Contemporary Amperex Technology Co.Limited(300750) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Guangdong Guanghua Sci-Tech Co.Ltd(002741) . The lithium resources sector suggests to focus on the leaders with high self-sufficiency rate and high certainty of future production capacity, including: Ganfeng Lithium Co.Ltd(002460) , Tianqi Lithium Corporation(002466) , Jiangxi Special Electric Motor Co.Ltd(002176) , Yongxing Special Materials Technology Co.Ltd(002756) , Sinomine Resource Group Co.Ltd(002738) .
Core viewpoints and investment suggestions of photovoltaic and wind power
In the short term, the price of photovoltaic in the middle and upper reaches increased steadily last week, and the subsequent capacity release of silicon material manufacturers is expected to guide the cost downward and promote the downstream installation demand; Under the background of China’s gradual liberalization of electricity price control, it is expected that the profitability of distributed photovoltaic investment will increase. The superposition policy will guide the whole county to promote the construction of distributed photovoltaic. In the future, distributed projects will still account for a high proportion of new installed capacity in 2022. In the medium and long term, “double carbon” and the proportion of non fossil energy in primary energy consumption will reach about 20% in 2025. The goal is clear. New energy such as photovoltaic will play an important role in energy transformation and carbon emission reduction. It is suggested to grasp the investment opportunities in components that benefit from the decline of raw material prices and the expected recovery of profits, and the related targets Longi Green Energy Technology Co.Ltd(601012) , Trina Solar Co.Ltd(688599) , Ja Solar Technology Co.Ltd(002459) ; Related targets of distributed photovoltaic project construction: Sungrow Power Supply Co.Ltd(300274) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Ginlong Technologies Co.Ltd(300763) .
In the short term, the parity offshore wind power in January 2022 is faster than expected, the trend of large-scale wind turbines is significant, the overall cost is expected to continue to decline, and the wind power landscape is expected to improve. In the medium and long term, wind power is one of the alternative forms of energy to achieve “carbon neutrality”. The wind power industry has broad prospects and long-term growth space. At the same time, offshore wind power is the key to solve the contradiction between insufficient power generation and power load in the eastern coastal areas. Subject matter with cost advantage and technical core competitiveness: Dajin Heavy Industry Co.Ltd(002487) , Titan Wind Energy (Suzhou) Co.Ltd(002531) , Qingdao Tianneng Heavy Industries Co.Ltd(300569) , Riyue Heavy Industry Co.Ltd(603218) , Ming Yang Smart Energy Group Limited(601615) , Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Sinoma Science & Technology Co.Ltd(002080) , Jinlei Technology Co.Ltd(300443) , etc.
Risk tips
The production and sales of new energy vehicles are lower than expected; The double carbon policy is less than expected; The epidemic development exceeded expectations.
