Market review: Shenwan power equipment industry rose 3.40% last week, outperforming the Shanghai and Shenzhen 300 index by 3.01 percentage points, ranking seventh among Shenwan 31 industries. The first three stocks in the power equipment sector rose weekly were Shouhang High-Tech Energy Co.Ltd(002665) , Flat Glass Group Co.Ltd(601865) and Fujian Nebula Electronics.Ltd(300648) respectively, and the three companies rose by 52.37%, 23.04% and 18.48% respectively. In terms of valuation, as of December 31, 2021, the pettm of power equipment sector was 53.01 times and the pbttm of power equipment sector was 6.84 times.
Zhou’s view of power equipment industry: on December 30, 2021, SASAC issued the guiding opinions on promoting the high-quality development of central enterprises and doing a good job of carbon peak neutralization. Compared with the previous opinions of the CPC Central Committee and the State Council on completely, accurately and comprehensively implementing the new development concept and doing a good job of carbon peak neutralization, it puts forward higher requirements for central enterprises in terms of energy consumption reduction, SASAC has incorporated carbon peaking and carbon neutralization into the assessment and evaluation system of central enterprises, which will guide central enterprises to play an important role in the process of realizing carbon peaking. At the same time, it is pointed out that by 2025, the installed proportion of renewable energy power generation of central enterprises will reach more than 50%, which will consolidate the installed strength of photovoltaic and wind power of central enterprises during the 14th Five Year Plan period. In the past week, the price of polysilicon has continued to decline. At present, the overall operating rate of the photovoltaic industry chain is gradually picking up. It is expected that the downstream demand is expected to be “not light in the off-season” in the first quarter of 2022. It is recommended to pay attention to Longi Green Energy Technology Co.Ltd(601012) (601012); Tongwei Co.Ltd(600438) （600438）； Sungrow Power Supply Co.Ltd(300274) （300274）； Flat Glass Group Co.Ltd(601865) （601865）； Hangzhou First Applied Material Co.Ltd(603806) （603806）； Cecep Solar Energy Co.Ltd(000591) （000591）。
Risk warning: macroeconomic fluctuations affect downstream demand; The price of the industrial chain has risen sharply; Risks such as intensified industry competition; Electricity demand is lower than expected; The construction of new energy power generation is less than expected.
