Index
On March 8, 2022, the Shanghai Composite Index closed at 329353 points, down – 2.35%; Shenzhen composite index closed at 1224450 points, down – 2.62%; The PV index closed at 286410 points, down – 3.65%. The wind power index closed at 454323 points, down – 1.74%. Among them, the top three companies in the photovoltaic industry are: Sineng Electric Co.Ltd(300827) ( Sineng Electric Co.Ltd(300827) 4.61%), Wuxi Shangji Automation Co.Ltd(603185) ( Wuxi Shangji Automation Co.Ltd(603185) 2.89%), Qingdao Gaoce Technology Co.Ltd(688556) ( Qingdao Gaoce Technology Co.Ltd(688556) , 2.71%). The top three companies in the wind power industry are: Sungrow Power Supply Co.Ltd(300274) ( Sungrow Power Supply Co.Ltd(300274) , 2.40%), Qingdao Tianneng Heavy Industries Co.Ltd(300569) ( Qingdao Tianneng Heavy Industries Co.Ltd(300569) , 0.69%), Ning Xia Yin Xing Energy Co.Ltd(000862) ( Ning Xia Yin Xing Energy Co.Ltd(000862) , 0.32%).
Comments
On March 7, the Inner Mongolia People’s Government Network released the “opinions of the general office of the people’s Government of Inner Mongolia Autonomous Region on promoting the high-quality development of wind power photovoltaic new energy industry in the region”. Opinions pointed out that strict access standards. Advanced and efficient equipment shall be adopted for wind power and photovoltaic power generation projects, and the unit capacity of wind turbine shall not be less than 4 MW; The photoelectric conversion efficiency of polycrystalline silicon battery module and monocrystalline silicon battery module shall not be less than 18% and 20.5% respectively. For new market-oriented grid connected new energy projects, in principle, the energy storage scale shall not be less than 15% of the installed capacity of new energy projects, and the energy storage time shall be more than 4 hours; For the newly-built affordable grid connected new energy project, in principle, the energy storage scale shall not be less than 15% of the installed capacity of the new energy project, and the energy storage time shall be more than 2 hours. The document also mentioned promoting the integrated development of distributed wind power and distributed photovoltaic multi scenarios according to local conditions. We believe that the document further consolidated the development trend of wind power and photovoltaic industry in Inner Mongolia, and mentioned that it would give a shot in the arm to the energy storage industry. Compared with the wind photovoltaic construction in full swing, the energy storage industry is still in the early stage of development and has not yet entered the stage of full commercial development. It is suggested to pay attention to the listed companies related to the energy storage sector.
Industry dynamics
On March 7, Shandong Provincial Energy Bureau issued the guidance on energy work in the province in 2022, which proposed that by the end of 2022, the total installed capacity of electric power will reach about 180 million KW, of which the installed capacity of new and renewable energy power generation will reach more than 70 million KW, accounting for about 38%. Organize the implementation of Shandong offshore wind power development plan, with a total planned scale of 35 million KW. We have fully launched the development of sites in the sea areas under the jurisdiction of Bozhong and southern peninsula provinces, with a construction scale of more than 5 million KW and a grid connection of about 2 million KW. Comprehensively deepen the preliminary work of the projects in the sea areas under state control, and strive to incorporate the 7.6 million KW site into the national far-reaching offshore wind power planning. Adhere to the principle of “integration and dual use” and promote the military civilian integration development of offshore wind power. (Polaris power grid)
Company dynamics
Shuangliang Eco-Energy Systems Co.Ltd(600481) ( Shuangliang Eco-Energy Systems Co.Ltd(600481) ): the company issued the annual report of 2021. During the reporting period, the company achieved a total operating income of 38297777 million yuan, a year-on-year increase of 84.87%, and a net profit of 3396179 million yuan, a year-on-year increase of 150.39%. Among them, the operating revenue of photovoltaic new energy industry was 1.214 billion yuan, an increase of 586.64% over the previous year. （ wind）
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
