The PV index fell 1.05% and the wind power index fell 4.40% this week.
This week, the Shanghai Composite Index fell 4.00% and the Shenzhen Component Index fell 4.40%. The PV index retreated by 1.05%, which was smaller. From the perspective of listed companies, the top five gainers of photovoltaic sector are Wuxi Shangji Automation Co.Ltd(603185) (12.2%), Tangshan Sunfar Silicon Industry Co.Ltd(603938) (11.0%), Zhejiang Sunoren Solar Technology Co.Ltd(603105) (10.3%), Wuhan Dr Laser Technology Corp.Ltd(300776) (10.0%), Eging Photovoltaic Technology Co.Ltd(600537) (8.9%); The top five gainers of wind power sector are: Spic Dongfang Energy Corporation(000958) (8.7%), Sungrow Power Supply Co.Ltd(300274) (4.0%), Zhejiang Windey Co.Ltd(300772) (2.9%), Riyue Heavy Industry Co.Ltd(603218) (2.6%), Ningbo Orient Wires & Cables Co.Ltd(603606) (1.8%).
Chuan caizhou’s view.
Affected by overseas factors, the A-share market performed poorly this week. In order to boost market confidence and show their performance strength, some enterprises choose to disclose monthly operating data. Some of the company’s main businesses involve green energy sector. Companies that actively disclose monthly business data and dare to show their business conditions are usually enterprises with stable fundamentals and good performance, which deserve attention. We believe that during the 14th Five Year Plan period, provinces and cities have made a lot of construction plans for wind power, photovoltaic and energy storage. The development trend of new energy track has been good for a long time. This round of decline is more affected by the general environment, and the industry fundamentals are still good. At present, the market has gradually digested overseas negative factors, and the layout value of green energy sector appears.
Recently, the general office of the people’s Government of Inner Mongolia Autonomous Region issued the “14th five year plan” for energy development in Inner Mongolia Autonomous Region. The basic idea of the autonomous region’s energy development plan in the 14th five year plan is to achieve “one goal”, promote “three transformations”, create “four industries” and implement “ten projects”. Among them, the “four industries” are to build four new energy industries, including wind energy, Cecep Solar Energy Co.Ltd(000591) , hydrogen energy and energy storage. Relying on the construction of national important energy and strategic resource bases, seize the rare opportunities brought by carbon peak and carbon neutralization, combined with the huge market demand, attract new energy industries with rich resources and broad market, introduce industry leaders, develop new energy equipment manufacturing and operation and maintenance services, and expand the four industrial clusters of scenery hydrogen storage, Promote the transformation of the new energy industry from single power generation and sales to the development of the whole industrial chain. The “top ten projects” refer to new energy multiplication, flexible power grid, coal control and carbon reduction, source network load storage, re electrification, green hydrogen economy, digital energy, people-friendly promotion, science and technology empowerment, regional cooperation, etc. In the past, Inner Mongolia became a major energy province in China relying on rich coal resources. The energy transformation of the province will bring rich industrial opportunities for Fengguang hydrogen storage.
Industry dynamics.
The people’s Government of Sichuan Province has officially issued the energy development plan of Sichuan Province during the 14th Five Year Plan period. The planning requires that the installed capacity of wind power and photovoltaic power generation will reach 10 million KW and 12 million KW respectively in 2025. Among them, about 6 million kilowatts of wind power and more than 10 million kilowatts of Cecep Solar Energy Co.Ltd(000591) power generation were added during the 14th Five Year Plan period.
Risk warning.
Macroeconomic growth is lower than expected, the risk of changes in emission reduction policies and the risk of fluctuations in raw material prices.
