Sichuan caizhou viewpoint
The global prosperity of new energy vehicles continues to rise, with bright sales data. Chinese battery and material enterprises accelerate the introduction into the global supply chain, and the supply and demand of some links are expected to improve. The construction of the new power system will be accelerated, and the investment structure of the power grid is expected to further tilt to UHV, intelligence and other fields, and the leading enterprises in all links are expected to benefit. The demand toughness of PV outside China is higher than expected, and the target with high growth rate is expected to be selected to meet the challenges of capacity cycle. The inflection point of wind power boom is advanced, the demand for offshore wind power may be accelerated, and the supply chain of parts and components may be tight at different stages.
The 2022 government work report pointed out that we should orderly promote the work of carbon peak and carbon neutralization, promote the transformation of low-carbon energy, promote the planning and construction of large-scale wind and solar power bases and their supporting regulatory power sources, improve the consumption capacity of the power grid for renewable energy power generation, and promote the transformation from “dual control” of energy consumption to “dual control” of total carbon emission and intensity. Under the tone of steady growth, the “double carbon” goal not only defines the stable infrastructure investment, but also lays a foundation for the energy revolution and energy transformation.
Market performance in one week
This week, the SW power equipment industry index fell 3.54%, the Shanghai Composite Index fell 0.11%, and the Shanghai and Shenzhen 300 index fell 1.68%. Among the sub sectors, SW photovoltaic equipment increased by 2.36%, SW wind power equipment increased by 1.31%, SW battery decreased by 7.95%, SW power grid equipment decreased by 3.48% and SW motor II decreased by 3.78%.
Industry dynamics
Ministry of industry and information technology: it will focus on supporting the development of new energy vehicles from five aspects, including studying and clarifying support policies such as the continuation of preferential purchase tax for new energy vehicles, meeting the production needs of power batteries, and moderately accelerating the development progress of lithium resources in China. (official website of the Ministry of industry and information technology)
Delivery volume of new forces in February: 8414 ideal vehicles, with a year-on-year increase of 265.8%; Nezha 7117, an increase of 255% year-on-year; 6225 Xiaopeng vehicles, a year-on-year increase of 180%; 6131 Weilai vehicles, a year-on-year increase of 9.9%; There were 3435 zero runs, a year-on-year increase of 447%. (first electric official website)
In January 2022, the installed capacity of global power battery was 25.7gwh, with a year-on-year increase of 87%. Of which, Contemporary Amperex Technology Co.Limited(300750) 9.7gwh, a year-on-year increase of 128% Byd Company Limited(002594) 3.5gwh, with a year-on-year increase of 195%; Panasonic 2.6gwh, a year-on-year increase of 11%. (first electric official website)
Company announcement
Beiteri: the company released the performance express of 2021, and the net profit attributable to the shareholders of the parent company is expected to be 1.422 billion yuan, with a year-on-year increase of 187.46%; After deducting non recurring profits and losses, the net profit attributable to shareholders of the parent company was 1.100 billion yuan, a year-on-year increase of 232.19%.
Byd Company Limited(002594) : the company released the February production and sales express. In February, the sales volume of new energy vehicles was 88283, with a year-on-year increase of 752.56%. This year, the cumulative sales volume was 181451, with a year-on-year increase of 494.28%; The total installed capacity of power batteries and energy storage batteries in February was about 4.615gwh, and the cumulative installed capacity this year was about 9.385gwh.
Farasis Energy (Gan Zhou) Co.Ltd(688567) : the company issued the performance express of 2021, and the net profit loss attributable to the shareholders of the parent company is expected to be 974 million yuan; After deducting non recurring profits and losses, the net profit loss attributable to shareholders of the parent company was 1.285 billion yuan.
Risk tips: the epidemic situation fluctuates beyond expectations and the price of raw materials fluctuates sharply.
