Industry perspective:
New energy power generation: in 2021, wind power hoisting data were released, and offshore wind power increased by 351%. On March 8, Bloomberg New Energy Finance (bnef) officially released the ranking of new hoisting capacity of Chinese wind power manufacturers in 2021. The new hoisting capacity of Chinese wind power reached 55.8gw in 2021, a slight decrease of 3% compared with 2020. The top two are still Xinjiang Goldwind Science And Technology Co.Ltd(002202) and prospective energy. Thanks to the rapid development of offshore wind power and the front layout of large MW wind turbines, the market share of Zhejiang Windey Co.Ltd(300772) , Ming Yang Smart Energy Group Limited(601615) , Shanghai Electric Wind Power Group Co.Ltd(688660) has increased steadily, and the hoisting scale has achieved good growth. It is expected that offshore wind power will maintain a high boom after rush loading, and onshore wind power will resume growth after rest in 2021. It is suggested to pay attention to Ming Yang Smart Energy Group Limited(601615) , Shanghai Electric Wind Power Group Co.Ltd(688660) with dominant offshore business and Zhejiang Windey Co.Ltd(300772) , Xinjiang Goldwind Science And Technology Co.Ltd(002202) with smooth large-scale transformation.
Lithium battery: lithium iron phosphate has become the mainstream of power battery. In February 2022, China Shipbuilding Industry Group Power Co.Ltd(600482) battery output totaled 31.8gwh, with a year-on-year increase of 236.2%, a month on month increase of 7.1%, and ternary battery output of 11.6gwh, accounting for 36.6% of the total output, a year-on-year increase of 127.2% and a month on month increase of 7.6%; The output of lithium iron phosphate battery is 20.1gwh, accounting for 63.1% of the total output, with a year-on-year increase of 364.1% and a month on month increase of 6.7%. The output of ternary battery is only about half that of lithium iron China Shipbuilding Industry Group Power Co.Ltd(600482) battery loading capacity was 13.7gwh, with a year-on-year increase of 145.1% and a month on month decrease of 15.5%, and continued to maintain a significant growth year-on-year. In total, GWH increased by 19.8wh, a year-on-year decrease of 2.8wh; The total loading capacity of lithium iron phosphate battery was 7.8gwh, with a year-on-year increase of 247.3% and a month on month decrease of 12.3%. Lithium iron phosphate entered the era dominated by lithium iron phosphate after its loading volume exceeded that of ternary batteries in July 2021. From the current competition pattern, the share of Byd Company Limited(002594) city has increased steadily and Contemporary Amperex Technology Co.Limited(300750) has declined. In terms of lithium iron phosphate, the rapid increase of Byd Company Limited(002594) has gradually narrowed the gap with Contemporary Amperex Technology Co.Limited(300750) ; Ternary battery is basically dominated by Contemporary Amperex Technology Co.Limited(300750) one.
Important industry information:
The Ministry of science and technology and other nine departments issued documents to support the cooperation between the East and the West in the development of hydrogen energy industry. New building photovoltaic 50gw! The 14th five year plan for building energy conservation and green building development was issued, actively promote the distributed and integrated application of Cecep Solar Energy Co.Ltd(000591) photovoltaic in urban and rural buildings and municipal public facilities, and encourage the synchronous design and construction of Cecep Solar Energy Co.Ltd(000591) photovoltaic system and buildings; Encourage photovoltaic manufacturing enterprises, investment and operation enterprises, power generation enterprises and construction property owners to strengthen cooperation and explore photovoltaic application business models such as roof leasing and distributed generation market-oriented transactions. During the 14th Five Year Plan period, the total installed capacity of Cecep Solar Energy Co.Ltd(000591) photovoltaic buildings increased by 50 million KW, and the application policy system, standard system and technical system of Cecep Solar Energy Co.Ltd(000591) photovoltaic buildings were gradually improved.
One week market performance:
Industry performance: among the 28 Shenwan level industries, the power equipment industry fell 0.56%, ranking third; The utility industry fell 3.98% this week, ranking 10th.
Performance of sub sectors: among the sub sectors, the increase of photovoltaic processing equipment, photovoltaic auxiliary materials and comprehensive power equipment ranked among the top three, with 3.28%, 1.57% and 0.00% respectively; Gas III, special equipment for lithium battery and wind power parts ranked among the last three, with increases of – 8.05%, – 7.54% and – 5.62% respectively.
Growth of individual stocks: Among Listed Companies in the electric power and energy industry, Shenyang Huitian Thermal Power Co.Ltd(000692) , Lanzhou Greatwall Electrical Co.Ltd(600192) , Zhejiang Sunoren Solar Technology Co.Ltd(603105) , Eging Photovoltaic Technology Co.Ltd(600537) , Zhejiang Dibay Electric Co.Ltd(603320) rose in the top five, rising 10.71%, 10.61%, 10.27%, 8.90% and 8.83% respectively.
Risk tips: macroeconomic changes, industry policies are less than expected, and market competition is more than expected
