Index
On March 14, 2022, the Shanghai Composite Index closed at 322353 points, down – 2.60%%; Shenzhen composite index closed at 1206363 points, down – 3.08%; Photovoltaic index closed at 452257 points, down – 3.53%. The wind power index closed at 280273 points, down – 4.03%. Among them, the top three companies in the photovoltaic industry are: Wuhan Dr Laser Technology Corp.Ltd(300776) ( Wuhan Dr Laser Technology Corp.Ltd(300776) , 3.48%), Shanghai Aerospace Automobile Electromechanical Co.Ltd(600151) ( Shanghai Aerospace Automobile Electromechanical Co.Ltd(600151) , 3.20%), Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) ( Zhejiang Sunoren Solar Technology Co.Ltd(603105) , 3.15%). The top three companies in the wind power industry are: Zhejiang Windey Co.Ltd(300772) ( Zhejiang Windey Co.Ltd(300772) , 0.55%), Sinoma Science & Technology Co.Ltd(002080) ( Sinoma Science & Technology Co.Ltd(002080) , – 1.92%), Tongyu Heavy Industy Co.Ltd(300185) ( Tongyu Heavy Industy Co.Ltd(300185) , – 1.95%).
Comments
On March 13, the Ministry of Finance released the budget report, which pointed out that it will steadily and orderly promote carbon peak and carbon neutralization. Adhere to the coordinated promotion of carbon reduction, pollution reduction, green expansion and growth, grasp the rhythm and intensity, and do a good job in carbon peak and carbon neutralization step by step. Study and issue opinions on financial support for carbon peak and carbon neutralization. Support the development of green and low-carbon industries and technology research and development, and promote energy conservation and emission reduction in industries such as industry, transportation and steel and building materials. We will improve government green procurement standards and promote the procurement of green and low-carbon products. Study the establishment of a national low-carbon Transformation Fund. Promote the optimization of energy structure, improve clean energy support policies, and vigorously develop renewable energy. Support the exploitation and utilization of unconventional natural gas and encourage enterprises to increase reserves and production. We will promote the settlement of the funding gap for subsidies for renewable energy power generation. On the basis that the provinces and cities in the 14th five year plan have vigorously planned the construction project of “Fengguang storage”, the financial support of the Ministry of Finance for the new energy industry will play a key role.
Industry dynamics
On March 14, the development and Reform Commission of Hainan Province issued a letter on the planning and arrangement of charging infrastructure construction, operation and management tasks in Hainan Province in 2022. In 2022, there will be 20000 annual charging piles in the province, 100% of the charging piles in cities, counties and townships in the province will be fully covered, and at least 30% of townships and towns in each city and county will build a charging station composed of five fast charging piles. No less than 60% of the residential areas in the province have built charging piles, and the number of new charging piles in residential areas is no less than 6000. (Polaris power grid)
Company dynamics
Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) ): the company issued the announcement of major investment agreement. The company has reached cooperation intention with the people’s Government of Inner Mongolia Eerduosi Resources Co.Ltd(600295) city and the people’s Government of ejinholo banner on the investment and construction of 20GW monocrystalline silicon rod and chip project, 30GW high-efficiency monocrystalline cell project and 5GW high-efficiency photovoltaic module project (hereinafter referred to as “the project”) in mengsu economic development Zone, ejinholo banner, Inner Mongolia Eerduosi Resources Co.Ltd(600295) City, Inner Mongolia Autonomous Region. The investment projects signed this time need to be submitted to the board of directors or the general meeting of shareholders for approval according to the investment amount before implementation. The investment project is invested by the project subsidiary of Longi Green Energy Technology Co.Ltd(601012) (hereinafter referred to as “the company”) with an investment of about 19.5 billion yuan. （wind）
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
