Core view
Market review: last week, the power equipment sector closed at 108946 points, down 3.5%. The Shanghai Composite Index closed at 3447.6 points, down 0.1%; Shenzhen Component Index closed at 130205 points, down 2.9%; Gem closed at 2748.6 points, down 3.8%. In the sub sections, photovoltaic equipment and wind power equipment increased, of which photovoltaic equipment increased the most, up to 2.4%, and power grid equipment decreased by 3.5%. Among the wind industry indexes, the photovoltaic glass index increased the most, reaching 1.6%; Wind power index fell the most, 0.8%. For individual stocks, the top five gainers were: Lanzhou Greatwall Electrical Co.Ltd(600192) up 13.77%, Nanjing Xinlian Electronics Co.Ltd(002546) up 13.69%, Zhongyeda Electric Co.Ltd(002441) up 8.24%, Tianjin Benefo Tejing Electric Co.Ltd(600468) up 4.37%, Jinlongyu Group Co.Ltd(002882) up 4.28%. In terms of key stocks in the sector, the top three companies in the photovoltaic industry were Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Flat Glass Group Co.Ltd(601865) , and Jingke energy, with increases of 7.42%, 6.96% and 6.38% respectively Henan Hengxing Science & Technology Co.Ltd(002132) decreased by 2.63%. In the wind power industry, the top two companies were Ming Yang Smart Energy Group Limited(601615) , Riyue Heavy Industry Co.Ltd(603218) , with an increase of 8.78% and 5.55% respectively. In the power grid equipment and industrial control automation industry, Xj Electric Co.Ltd(000400) decreased the most, with 5.29%; Among new energy operators and other industries, China Three Gorges Renewables (Group) Co.Ltd(600905) increased the most, by 1.30%.
Industry chain price tracking: in terms of photovoltaic industry chain price, silicon wafer price fluctuated this week. The price of polysilicon material this week was 249 yuan / kg, an increase of 1 yuan / kg or 0.40% over last week; The prices of the first and second tier manufacturers of single crystal 166 silicon wafers were 5.50 and 5.45 yuan / piece respectively, which remained unchanged compared with last week; The prices of the first and second tier manufacturers of single crystal 182 silicon wafers were 6.55 and 6.50 yuan / piece respectively, which remained unchanged compared with last week. The first and second-line prices of single crystal perc166 were 1.11 and 1.10 yuan / W, respectively, up 0.01 yuan / W, or 0.91% and 0.92% compared with last week. The weekly average price of metallic silicon was 2728 yuan / ton, up 046 yuan / ton or 1.79% compared with the previous week.
Industry focus: Baofeng Group invested heavily in the construction of the whole photovoltaic industry chain project; Atlas successfully signed a 381mw enterprise power purchase agreement in Brazil; Huayang and Jingke won the bid for Huaneng Hebei Shijiazhuang 1.3MW photovoltaic module procurement project
Investment suggestion: pay attention to Henan Hengxing Science & Technology Co.Ltd(002132) Henan Hengxing Science & Technology Co.Ltd(002132) SZ (photovoltaic diamond wire), Baosheng Science And Technology Innovation Co.Ltd(600973) Baosheng Science And Technology Innovation Co.Ltd(600973) Sh (offshore wind power submarine cable), Roshow Technoiogy Co.Ltd(002617) Roshow Technoiogy Co.Ltd(002617) SZ (silicon carbide substrate), Hongda Xingye Co.Ltd(002002) Hongda Xingye Co.Ltd(002002) SZ (hydrogen energy).
Risk warning: the sales of new products are less than expected; Industry competition intensifies risks.
