Key investment points:
Market review: Shenwan power equipment industry fell 7.37% last week, 6.70 percentage points lower than Shanghai and Shenzhen 300 index, ranking 31st among Shenwan 31 industries. The first three stocks in the power equipment sector rose weekly were Lanzhou Greatwall Electrical Co.Ltd(600192) , Hangzhou Boiler Group Co.Ltd(002534) and Yuan Cheng Cable Co.Ltd(002692) respectively, and the three companies rose 16.19%, 12.98% and 10.31% respectively. In terms of valuation, as of December 24, 2021, the pettm of power equipment sector was 51.31 times and the Pb TTM of power equipment sector was 6.63 times.
Weekly view of power equipment industry: in the past week, polysilicon prices have maintained a downward trend. At present, the cost pressure in the middle and lower reaches of the industrial chain continues to improve. With the further decline of component prices, the overall operating rate of the industry is expected to rise significantly in the first quarter of next year. On the afternoon of December 24, the 2022 national energy work conference was held in Beijing and released seven key tasks for energy work in 2022. Among them, we should accelerate the tackling of key technical and equipment problems and focus on key areas such as hydrogen energy, which is expected to accelerate the development of hydrogen energy industry. It is recommended to pay attention to Shanxi Meijin Energy Co.Ltd(000723) (000723); Cecep Solar Energy Co.Ltd(000591) (000591); Longi Green Energy Technology Co.Ltd(601012) (601012); Tongwei Co.Ltd(600438) (600438); Sungrow Power Supply Co.Ltd(300274) (300274); Flat Glass Group Co.Ltd(601865) (601865); Hangzhou First Applied Material Co.Ltd(603806) (603806).
Risk warning: macroeconomic fluctuations affect downstream demand; The price of the industrial chain has risen sharply; Risks such as intensified industry competition; Electricity demand is lower than expected; The construction of new energy power generation is less than expected. Industry weekly industry research
