Core conclusion
Hebei province puts forward the configuration standard of distributed photovoltaic energy storage, and the distributed energy storage is expected to meet the rapid development. Hebei Provincial Energy Bureau issued the guidance specification for roof distributed photovoltaic construction (Trial), which requires: (1) configure energy storage, and flexibly carry out supporting energy storage construction by means of self construction, co construction or leasing. The supporting energy storage device shall meet the working life of more than 10 years, and the 10-year attenuation rate of system capacity shall not exceed 20%. (2) The scale of household PV shall be within 50KW. (3) It is forbidden to sell electricity through partitions. On March 16, Anhui Provincial Energy Bureau issued a notice, which also requires enterprises to speed up the construction of promised energy storage facilities. As the provinces put forward the requirements of distributed photovoltaic energy storage configuration one after another, it is expected that the development of energy storage will enter a fast lane in the future. Recommended Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ( Tianjin Zhonghuan Semiconductor Co.Ltd(002129) . SZ), Suzhou Maxwell Technologies Co.Ltd(300751) ( Suzhou Maxwell Technologies Co.Ltd(300751) . SZ), Flat Glass Group Co.Ltd(601865) ( Flat Glass Group Co.Ltd(601865) . SH), Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) ( Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) . SH).
The insurance of new energy passenger vehicles increased significantly year-on-year, and the demand for electric vehicles continued to be strong. From January to February 2022, 563000 Shanxi Guoxin Energy Corporation Limited(600617) passenger cars were insured, a year-on-year increase of + 130.0%. Including 430000 pure electric vehicles, a year-on-year increase of + 113.6%; 133000 plug-in hybrid vehicles, up 205.9% year-on-year. In February, 248000 new energy passenger vehicles were insured, with a penetration rate of 21.4%; The number of non operating new energy passenger vehicles insured was 228000, accounting for 91.9%, with a year-on-year ratio of -1.5pct and a month on month ratio of -0.5pct; From January to February, the insurance volume of non operating new energy passenger vehicles was 521000, accounting for 92.5%, with a year-on-year increase of + 0.3pct. Since January 2019, the proportion of non operational insurance volume has fluctuated upward, and the growth of new energy passenger vehicle demand is mainly driven by private consumption. In February 2022, the insurance volume of new energy passenger vehicles in non restricted & restricted areas accounted for 56.2%, with a year-on-year increase of + 8.2pct and a month on month increase of + 27.5pct. From the perspective of manufacturers, Byd Company Limited(002594) , Shangtong 5 and Tesla have 6.6/3.124000 vehicles respectively, ranking among the top three. Recommended Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) . SZ), Ningbo Ronbay New Energy Technology Co.Ltd(688005) ( Ningbo Ronbay New Energy Technology Co.Ltd(688005) . SH), Cngr Advanced Material Co.Ltd(300919) ( Cngr Advanced Material Co.Ltd(300919) . SZ), Anhui Estone Materials Technology Co.Ltd(688733) ( Anhui Estone Materials Technology Co.Ltd(688733) . SH).
Nantong plans to have a cumulative installed capacity of 7.65gw of offshore wind power in 25 years, which is optimistic about the future development of offshore wind power. Recently, Nantong City, Jiangsu Province issued the notice on Nantong’s “14th five year plan” for marine economic development. By 2025, Nantong will have a cumulative installed capacity of 7.65 million kw of offshore wind power, and focus on the research and development of design and manufacturing technologies for new marine resource development equipment such as offshore wind power installation ship, operation and maintenance ship and offshore wind power supporting equipment. With the economic improvement of offshore wind power projects brought about by the cost reduction of large-scale wind turbines, the demand for offshore wind power installation in the 14th five year plan is expected to continue to grow. Recommend Ningbo Orient Wires & Cables Co.Ltd(603606) ( Ningbo Orient Wires & Cables Co.Ltd(603606) . SH), Titan Wind Energy (Suzhou) Co.Ltd(002531) ( Titan Wind Energy (Suzhou) Co.Ltd(002531) . SZ), etc.
In February 22, China’s Taiwan bicycle exports increased by +22% compared to the same period, and the US regional exports continued to grow. In February 22, China’s Taiwan electric bicycle exports amounted to US $118 million 558 thousand, up +22%, +8%. Among them, the export volume of Europe, the United States and other regions was USD 5885.6/4538.3/14.319 million respectively, with a year-on-year increase of – 4% / + 78% / + 40% and a month on month increase of + 20% / – 4% / + 1%. Under the influence of the epidemic, the demand for electric bicycles of overseas people is expected to continue to be strong, and the demand for electric bicycles in the United States with low penetration rate is expected to maintain a high boom. It is recommended to pay attention to Bafang Electric(Suzhou) Co.Ltd(603489) ( Bafang Electric(Suzhou) Co.Ltd(603489) . SH).
Risk tips: policy risk, intensified market competition and other risks, supply chain shortage risk, etc
