Index
On March 17, 2022, the Shanghai Composite Index closed at 321504 points, up 1.40%; Shenzhen composite index closed at 1228997 points, up 2.41%; Photovoltaic index closed at 449592 points, up 0.42%. The wind power index closed at 273647 points, up 0.48%. Among them, the top three companies in the photovoltaic industry are: Crystal Clear Electronic Material Co.Ltd(300655) ( Clenergy(Xiamen)Technology Co.Ltd(603628) , 9.50%), Suzhou Maxwell Technologies Co.Ltd(300751) ( Suzhou Maxwell Technologies Co.Ltd(300751) , 7.56%), Wuxi Lead Intelligent Equipment Co.Ltd(300450) ( Wuxi Lead Intelligent Equipment Co.Ltd(300450) , 7.47%). The top three companies in the wind power industry are: Jiangyin Hengrun Heavy Industries Co.Ltd(603985) ( Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , 5.66%), Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) ( Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , 3.65%), Fujian Funeng Co.Ltd(600483) ( Fujian Funeng Co.Ltd(600483) , 2.80%).
Comments
Recently, the Fujian Provincial Department of industry and information technology issued the implementation plan for energy conservation and carbon reduction in the 14th five year plan for metallurgy, building materials, petrochemical and chemical industries. By 2025, through capacity replacement and energy-saving transformation, the proportion of production capacity with energy efficiency reaching the benchmark level in the province’s iron and steel, nonferrous metals and other industries will exceed 30%, the overall energy efficiency level of the metallurgical industry will be significantly improved, the carbon emission intensity will be significantly reduced, and the ability of green and low-carbon development will be significantly enhanced. The plan requires strict project construction management. Strictly control the new steel and electrolytic aluminum production capacity. The steel industry adheres to stock adjustment, promotes industry integration and reorganization, and develops vacant and high value-added steel varieties in the province. We believe that energy conservation and carbon reduction can not only promote the energy-saving transformation of the industry itself, but also meet the emission reduction requirements by purchasing the latter to build a green power industry. The introduction of the plan is expected to promote high energy consuming industries such as steel and chemical industry to carry out electrification transformation of their own production equipment, and actively layout green power to meet the demand of emission reduction. It is suggested to continue to pay attention to the construction of wind and solar energy storage caused by the new green power demand.
Industry dynamics
On March 30, 2021, the Ministry of industry and Commerce of India announced that it would launch an anti-dumping investigation on imported fluorine-containing backplanes originating in or exported from China. The list provided by the prosecution involved Saiwu, Hangzhou First Applied Material Co.Ltd(603806) , Zhonglai, Jingke, Trina Solar, Jingao and other enterprises. After 12 months, on March 16, 2022, the Indian investigation authority issued the final disclosure. As a member of the list, Cybrid Technologies Inc(603212) received the arbitration document from the Indian investigation authority, which showed that Cybrid Technologies Inc(603212) was given the minimum tariff. (Polaris power grid)
Company dynamics
Shanghai Aerospace Automobile Electromechanical Co.Ltd(600151) ( Shanghai Aerospace Automobile Electromechanical Co.Ltd(600151) ): the company issued the annual report for 2021. In 2021, the company realized an operating revenue of 6.293 billion yuan, a total consolidated profit of 584464 million yuan, an operating profit of 644753 million yuan, a year-on-year increase of 38.48%. After deducting non recurring profits and losses, the net profit attributable to the parent company was -543793 million yuan, a decrease of 2501669 million yuan over the same period, and the net cash flow from operating activities was 4724169 million yuan, a year-on-year increase of 165.71%. （wind）
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
