A combination of core recommended combinations of core recomrecomrecomrecomrecomrecomrecomrecomrecomrecomportfolio of the following combination of the following combination of the combination of the following: followingthe Ming Yang Smart Energy Group Limited(601615) of the Hangzhou First Applied Material Co.Ltd(603806) , Trina Solar Co.Ltd(688599) , Titan Wind Energy (Suzhou) Co.Ltd(002531)
New energy power generation:
Photovoltaic: Europe will accelerate the development of new energy, and the cumulative installed capacity of photovoltaic is expected to exceed 1000gw in 2030; On the 14th five-year plan, 50gw photovoltaic buildings are newly added, and BIPV welcomes development opportunities. On March 8, the European Commission proposed a plan called REpower EU, which plans to gradually get rid of dependence on Russian fossil fuels by 2030. The EU is expected to vigorously accelerate the transformation of clean energy and improve Europe’s energy independence. Solarpower Europe predicts that under the current background, it is optimistic that the EU is expected to achieve 1000gw Cecep Solar Energy Co.Ltd(000591) installed capacity by 2030, so as to get rid of the energy dilemma. Under the scenario of 1tw in 2030, the EU’s photovoltaic installed capacity is expected to accelerate significantly. The new photovoltaic installed capacity is expected to reach 39, 59, 83 and 112gw from 2022 to 2025, and the cumulative installed capacity will reach 458gw in 2025. On March 11, the Ministry of housing and urban rural development issued the “14th five year plan” for building energy efficiency and green building development, which proposed that China would add 50gw of photovoltaic buildings during the 14th Five Year Plan period. Due to the better combination of BIPV and photovoltaic buildings, the penetration rate is expected to increase rapidly. With the release of downstream demand, its development is expected to accelerate. It is recommended to pay attention to polysilicon materials and battery faucets Tongwei Co.Ltd(600438) ; Component faucet Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) ; Large silicon chip faucet Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) ; Inverter taps Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) ; Photovoltaic auxiliary materials: Hangzhou First Applied Material Co.Ltd(603806) , Flat Glass Group Co.Ltd(601865) ; Jiangsu Akcome Science And Technology Co.Ltd(002610) , Suzhou Maxwell Technologies Co.Ltd(300751) , Shenzhen S.C New Energy Technology Corporation(300724) , Risen Energy Co.Ltd(300118) , Jolywood (Suzhou) Sunwatt Co.Ltd(300393) ; Operation of photovoltaic power station: Jinko Power Technology Co.Ltd(601778) , Cecep Solar Energy Co.Ltd(000591) , Jiangsu Linyang Energy Co.Ltd(601222) .
Wind power: the ranking of wind turbine hoisting in 2021 was announced, with an additional hoisting capacity of 55.8gw, with Jinfeng, Yuanjing, Yunda and Mingyang ranking in the top four. According to China’s TOP10 wind turbine manufacturers in 2021 released by Bloomberg new energy finance, the new hoisting capacity of China’s wind power in 2021 will reach 55.8gw, a decrease of 3% compared with the rush loading period in 2020, including 41.6gw for land wind, a significant decrease of 23%, and 14.2gw for sea wind, a significant increase of 351% year-on-year. In terms of specific ranking, Jinfeng, Yuanjing, Yunda and Mingyang ranked in the top four. Among them, Jinfeng added 11.38gw, accounting for about 20%, far ahead. The hoisting volume of the other three companies was between 7.5-8gw, accounting for about 14%. Recommend Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) and parts enterprises with high performance Titan Wind Energy (Suzhou) Co.Ltd(002531) , Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) , Shandong Shuangyi Technology Co.Ltd(300690) , Jinlei Technology Co.Ltd(300443) , Riyue Heavy Industry Co.Ltd(603218) .
New energy vehicles: China sold 334000 new energy vehicles in February, in line with expectations; The installed capacity of power battery is 13.7gwh, with iron and lithium accounting for 57%, which remains strong. China produced 368000 new energy vehicles in February, up + 198% year on year and – 19% month on month; The sales volume was 334000 vehicles, with a year-on-year increase of + 184% and a month on month increase of – 23%, in line with expectations. In February, the penetration rate of new energy vehicles was 19.2%, the highest monthly record. Among the sales of new energy passenger vehicles, 246000 pure electric vehicles, accounting for 77%; 75000 plug-in hybrid vehicles, accounting for 23%. The proportion of plug-in hybrid vehicles is the highest monthly since 2021. China’s power battery output in February was 31.8gwh, with a year-on-year increase of + 236%, basically unchanged month on month; The installed capacity was 13.7gwh, with a year-on-year increase of + 145% and a month on month increase of – 16%. In terms of structure, the installed capacity of iron lithium is 7.78gwh, accounting for 57%; Sanyuan installed capacity is 5.85gwh, accounting for 43%, and the strong momentum of iron and lithium remains unchanged. With the increase of the proportion of plug-in hybrid vehicles, the average charging capacity of new energy vehicles per vehicle in February was 43.6kwh, with a month on month ratio of – 4.4%. In terms of the market share of battery installation, the installed capacity of Ningde is 6.57gwh, accounting for 48%, a month on month ratio of – 2pcts Byd Company Limited(002594) 29gwh, accounting for 21%, with the same share; Zhongchuangxin Airlines was 1.15gwh, accounting for 8.4%, with a month on month increase of + 1pcts, with a relatively rapid growth. Among the recommended areas, recommendations include the recommendations of the ‘ Contemporary Amperex Technology Co.Limited(300750) ;, Cngr Advanced Material Co.Ltd(300919) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Dynanonic Co.Ltd(300769) , Yunnan Energy New Material Co.Ltd(002812) , etc.
Risk tip: the installed demand of new energy is less than expected, the new energy power generation policy is less than expected, and the macro-economy is less than expected.
