[today’s Guide]
The core devices of photovoltaic and energy storage. These semiconductor products are ideal parts in the power field. This company has received batch orders in the photovoltaic energy storage market
Long service life + high efficiency + large capacity, the industry may meet unprecedented development opportunities, and the scale of production may increase three times in the next 10 years
“National shenche” again boasted that the annual sales of new energy vehicles will sprint to one million in 2023, and these companies have supplied them with new energy parts
Another province is actively promoting the project. There are strict restrictions on the number, qualification and time of application in the industry. This company is one of the main suppliers of relevant raw materials in China
XDATA signed a strategic agreement with Huawei to lead the sustainable development of data center
Semiconductor shortage Porsche to suspend Leipzig plant
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is the core device of photovoltaic and energy storage. This kind of semiconductor product is an ideal part in the power field. This company has received batch orders in the photovoltaic energy storage market
Photovoltaic inverter is the core equipment of photovoltaic power generation. Its main function is to convert the DC generated by solar cell modules into AC, which can be incorporated into the power grid or used by loads. IGBT is a composite fully controlled voltage driven power semiconductor device composed of BJT (bipolar triode) and MOS (insulated gate field effect transistor). It has the advantages of high input impedance of MOSFET and low on voltage drop of GTR. It is an ideal switching device in the field of power electronics. Due to its characteristics of large on state current, high withstand voltage and voltage drive, IGBT has great advantages over MOSFET in photovoltaic inverter. It has gradually replaced MOSFET as the core device of photovoltaic inverter. The rapid development of new energy power generation industry will become a new driving force for the sustainable growth of IGBT industry.
In 2021, China’s newly added photovoltaic installed capacity reached 54.88gw, with a year-on-year increase of 13.9%. The cumulative installed capacity of national photovoltaic power generation reached 306gw, with a growth rate of 21.01%. According to the monthly dispatching data of the energy administration, in January 2022, the newly added photovoltaic installed capacity in China was 7.38gw, with a year-on-year increase of 212%, of which the distributed installed capacity was about 4.69gw, with a year-on-year increase of 252%, and the centralized installed capacity was 2.68gw, with a year-on-year increase of 160%. China Photovoltaic Industry Association predicts that the newly added photovoltaic installed capacity in China will reach 75-90gw in 2022, From 2022 to 2025, China’s annual average new photovoltaic installed capacity will reach 83-99gw. According to the analysis of Anxin securities, the continuous increase of photovoltaic installed capacity will drive the growth of IGBT demand. According to the industrial research, the value of IGBT in photovoltaic inverter is about 20-30 million yuan / GW In terms of energy storage, with the iteration of energy storage technology and the reduction of cost, the growth rate of energy storage installed capacity accelerates. Ihsmarkit report shows that by 2025, the scale of newly added grid connected energy storage inverter is expected to increase to 10.6gw, and the application of energy storage inverter will further open the IGBT market.
Among the A-share listed companies, Wuxi Nce Power Co.Ltd(605111) the low loss and high frequency IGBT Series products specially developed for the photovoltaic energy storage market have passed the tests on behalf of customers in many industries and received batch orders from customers Starpower Semiconductor Ltd(603290) in the field of photovoltaic power generation, the company uses modules and discrete devices of independent IGBT chips to start mass installation and application in China’s mainstream photovoltaic inverter customers Yangzhou Yangjie Electronic Technology Co.Ltd(300373) some IGBT, MOSFET and SiC products can be used in the field of photovoltaic inverter for the conversion of Cecep Solar Energy Co.Ltd(000591) efficiency and performance.
long service life + high efficiency + large capacity, the industry may meet unprecedented development opportunities, and the production scale may increase three times in the next 10 years
According to China Central Television, this year’s government work report clearly proposes to “orderly promote carbon peak and carbon neutralization”. Green power puts forward higher requirements for the regulation, management and safe operation of power grid. The green energy storage power station represented by pumped storage power station has ushered in unprecedented development opportunities.
Pumped storage power station has a long history of development. It is the most mature large-scale energy storage technology at present. The cumulative installed capacity is also much higher than other energy storage. It is mainly used in peak shaving, frequency modulation, emergency standby, black start and other scenarios of power system. Pumped storage has the characteristics of long service life (100 years for dam body and more than 50 years for mechanical and electrical equipment), high energy conversion efficiency (70-80%), large installed capacity (usually GW level), long continuous discharge time (continuous discharge for 6-12 hours), etc. Previously, the National Energy Administration issued the medium and long term development plan for pumped storage (20212035), which requires accelerating the approval and construction of pumped storage power stations. By 2025, the total scale of pumped storage power stations will double that of the 13th five year plan, reaching more than 62 million KW; By 2030, the total scale of pumped storage will double that of the 14th five year plan, reaching about 120 million KW. According to the incomplete statistics of cnesa global energy storage project library, by the end of 2020, the cumulative installed capacity of energy storage projects put into operation in China was 35.6gw, accounting for 18.6% of the total scale of the global market. Among them, the cumulative installed capacity of pumped storage is the largest, with 31.79gw, a year-on-year increase of 4.9%. The goal set out in the plan means that the scale of pumped storage production in China will increase by about three times in the next 10 years.
Among the A-share listed companies, Nari Technology Co.Ltd(600406) is the most professional and internationally leading supplier of secondary equipment of power system for pumped storage power stations in the industry, and has participated in the construction of more than 30 pumped storage power stations Jilin Electric Power Co.Ltd(000875) previously transferred 15% equity of Jilin Dunhua pumped storage Ningbo Energy Group Co.Ltd(600982) signed the letter of intent on investment and construction of Ningbo Fenghua pumped storage power station project with Ningbo Fenghua district government and China Petroleum Exploration Institute to jointly develop and construct Ningbo Fenghua pumped storage power station project in a scientific and orderly manner. The installed capacity of the project is about 1.2 million KW and the investment is estimated to be about 8 billion yuan.
“national God car” again boasted that the annual sales volume of new energy vehicles will soar to one million in 2023, and these companies have supplied them with new energy parts
SAIC GM Wuling issued the new energy strategy, which will build a million million pure electric new energy platform, a million hybrid new energy platform, and five 10 billion industries of battery, electric drive, electronic control, business services, Siasun Robot&Automation Co.Ltd(300024) and strive to achieve an annual sales volume of one million new energy vehicles in 2023.
The association said that the wholesale penetration rate of new energy vehicles was 19% in January, but the sales volume of new energy vehicles still reached 320000 in February, with a year-on-year increase of 190% and a penetration rate of 21.8%. The reason is also the growth differentiation of the car market, the steady growth of traditional fuel vehicles, but the rapid growth of new energy vehicles. Previously, SAIC GM Wuling announced that the overall sales volume of Hongguang miniev has exceeded 550000 since its listing as of December 31, 2021.
Among them, 426452 sets were sold in 2021, which won the annual sales crown of new energy. Minsheng securities analysis pointed out that the first half of electrification has created a number of global leading companies such as Contemporary Amperex Technology Co.Limited(300750) and the second half of intellectualization is expected to create a new batch of global leading auto parts enterprises in the next 10 years. The auto parts sector is the main investment direction of the production capacity cycle in the next 10 years.
Among the A-share listed companies, Zhejiang Founder Motor Co.Ltd(002196) drive motors are mainly assembled by SAIC GM Wuling Baojun series electric vehicles, Hongguang Mini EV and Xiaopeng P7 Zhengqiang’s products have been used in new energy passenger vehicles such as Xiaopeng, Weima, Byd Company Limited(002594) , SAIC Rongwei and SAIC GM Wuling Ningbo Shuanglin Auto Parts Co.Ltd(300100) is one of the suppliers of Wuling Hongguang Mini drive motor. At present, the supporting proportion of new energy electric drive to Wuling Mini is nearly 50%.
another province actively promotes the project. There are strict restrictions on the number, qualification and time of application in the industry. This company is one of the main suppliers of relevant raw materials in China
According to People.Cn Co.Ltd(603000) “leadership message board” on March 8, in response to the message of netizens suggesting “subsidizing assisted reproduction”, Sichuan Provincial Health Commission replied on March 8 that it plans to learn from the practices of individual provinces and cities and actively strive to include common assisted reproductive technology projects into the scope of medical insurance reimbursement in conjunction with relevant departments.
On February 21, the Beijing Municipal Medical Insurance Bureau issued the notice on regulating and adjusting the price of some medical services, which included 16 assisted reproductive technology projects in the medical insurance reimbursement. The projects included in the medical insurance include in vitro fertilization, embryo culture, blastocyst culture and other 16 projects Soochow Securities Co.Ltd(601555) said that according to frost Sullivan data, the penetration rate of assisted reproduction in China was only 7.9% in 2020, far lower than 31.2% in the United States. In 2020, the market scale of assisted reproductive IVF in China was about 33 billion yuan, with a CAGR of 14.1% from 2016 to 2020. It is expected to reach 50.4 billion yuan in 2023 and about 16% from 2021 to 2013 The Pacific Securities Co.Ltd(601099) Securities believes that China’s assisted reproductive industry has strict supervision, and the state has strict restrictions on the number of licenses, application qualification and application time. In theory, the remaining space of licenses is small, and it is expected that the supply of the industry will continue to be limited in the future. Ping An Securities believes that the entry of assisted reproductive projects into medical insurance will accelerate the development of the industry, and the downstream medical service enterprises will take the lead in benefiting. China’s assisted reproductive drug market is still dominated by imports. If the drug market is intensively purchased in the future, it is expected to promote the reconstruction of the market competition pattern and bring opportunities to domestic pharmaceutical enterprises.
Among A-share listed companies, Beijing Sl Pharmaceutical Co.Ltd(002038) developed long-acting and short-acting follicle stimulating hormone for the treatment of female infertility is in clinical phase II and III. It is expected that the listing application will be submitted as soon as possible after the completion of phase III this year Shandong Xinhua Pharmaceutical Company Limited(000756) holding subsidiary is laying out progesterone intermediates Shanghai Shyndec Pharmaceutical Co.Ltd(600420) assisted reproduction products mainly include raw materials such as urofollicle stimulating hormone, chorionic gonadotropin and urotropin. It is one of the main suppliers of relevant raw materials in China.
xdata signed a strategic agreement with Huawei to lead the sustainable development of data center
Recently, XDATA technologies of Spain (hereinafter referred to as XDATA) and Huawei signed a strategic cooperation agreement in Barcelona, aiming to provide innovative solutions for intelligent, efficient and sustainable data centers through cooperation between the two sides and jointly promote the prosperity and development of the data center industry. XDATA is a newly rich operator of colo (managed data center) in Spain. It plans to deploy a large data center of more than 100MW in Spain.
Delloro predicts that the capital expenditure of global data centers will increase by 17% year-on-year in 2022, leading the growth rate of super large scale. On the Chinese side, the state has comprehensively launched the East West calculation project Huaxi Securities Co.Ltd(002926) Song Hui Research Report judged that the data center policy in the eastern region will continue to be stricter, the first-line or super first-line IDC resources in the eastern region may be more and more tight, the capital cost and liability structure will be better, and the head company will benefit the most. The newly built and increased IDC in the central and western regions will meet the data migration demand in the eastern region, and IDC companies with resource reserves in the central and western regions will have conceptual catalysis.
Among the listed companies, Dr.Peng Telecom&Media Group Co.Ltd(600804) currently has several T3 + and T4 level computer rooms in Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan, Chengdu, Foshan and other cities, with a total number of about 30000 cabinets. It is a leading neutral data center cluster in China, and Huawei is one of the customers of the company’s data center Shanghai Lonyer Fuels Co.Ltd(603003) said on the interactive platform that Beijing Jinhan Wang cloud computing data center is the first step for the company to implement IDC strategic transformation. Phase I and phase II of the project have been put into use, with a total it load of about 35mW and about 7000 cabinets (equivalent to 5kW standard Computing) Zhongtongguomai Communication Co.Ltd(603559) main businesses are communication technology services, integration services and IDC operation technology services.
semiconductor shortage, Porsche will suspend Leipzig Factory
Chip shortage has become a key variable restricting automobile production capacity. According to media reports, due to the shortage of chip semiconductors, the Porsche Leipzig factory has been temporarily closed from March 2 until March 11. At the same time, Porsche said it would dynamically evaluate whether the factory could resume production according to the situation in the next few weeks. Previously, Ford, Hyundai and other automobile factories also shut down some production capacity due to chip shortage.
The CEO of rivian, a new energy vehicle company, said the shortage of chips is expected to continue until 2023. According to Zhongtai Securities Co.Ltd(600918) Research Report, due to the shortage of automotive chip supply, the delivery date has hardly improved. Infineon, NXP, Renesas, Texas Instruments and Italian French semiconductor, the world’s top five chip suppliers, are ready to further improve the quotation of automotive MCU or power devices.
Among the listed companies, Wuxi Nce Power Co.Ltd(605111) igbt and MOSFET have been certified by many well-known customers in the fields of new energy vehicles and photovoltaic energy storage Yangzhou Yangjie Electronic Technology Co.Ltd(300373) is a leading company in the field of power semiconductors in China. Its products have achieved full coverage of diode / triode, thyristor, MOSFET, IGBT and third-generation semiconductor power devices. Among them, diode / triode and MOSFET products have entered the vehicle regulations and have obtained the certification of core customers.
