A combination of core recommended combinations of core recomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomrecomportfolio: followingthe Ming Yang Smart Energy Group Limited(601615) of the , Trina Solar Co.Ltd(688599) , Titan Wind Energy (Suzhou) Co.Ltd(002531)
New energy power generation:
Photovoltaic: from January to February, the grid connected was 10.86gw, with a year-on-year increase of 234%, and the installed capacity data was much higher than expected; With the release of the 14th five year energy plan, the transformation of new energy is expected to accelerate. Recently, the photovoltaic export data have been released one after another. We believe that the global installed capacity is expected to see a scale of 50gw in the first quarter. At present, the module end has also begun to offer favorable prices one after another to transmit the pressure of raw materials. From the downstream feedback, the overseas demand is less sensitive to the component price, which provides strong support for the annual demand. The plan reiterates the target of the proportion of non fossil energy consumption in energy consumption. It is required that by 2025, the proportion of non fossil energy consumption will be increased to about 20%, the proportion of non fossil energy power generation will reach about 39%, and the proportion of electric energy in terminal energy consumption will reach about 30%. Among them, the increment will be mainly contributed by wind power and photovoltaic power generation. During the 14th Five Year Plan period, the installed capacity of scenery is expected to accelerate. It is recommended to pay attention to polysilicon materials and battery faucets Tongwei Co.Ltd(600438) ; Component faucet Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) ; Large silicon chip faucet Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) ; Inverter taps Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) ; Photovoltaic auxiliary materials: Hangzhou First Applied Material Co.Ltd(603806) , Flat Glass Group Co.Ltd(601865) ; Jiangsu Akcome Science And Technology Co.Ltd(002610) , Suzhou Maxwell Technologies Co.Ltd(300751) , Shenzhen S.C New Energy Technology Corporation(300724) , Risen Energy Co.Ltd(300118) , Jolywood (Suzhou) Sunwatt Co.Ltd(300393) ; Operation of photovoltaic power station: Jinko Power Technology Co.Ltd(601778) , Cecep Solar Energy Co.Ltd(000591) , Jiangsu Linyang Energy Co.Ltd(601222) .
Wind power: hydrogen energy: the medium and long-term development plan is implemented, the trillion track is gradually opened, and green hydrogen is expected to take the lead; Wind power: 5.73gw (+ 60%) was connected to the grid in the first two months, with a year-on-year increase of 2.17gw. On the one hand, the plan defines the important role of hydrogen energy in energy transformation, and the driving force of hydrogen energy development will change from transportation (fuel cell) to the whole industrial sector, opening up the long-term development space of hydrogen energy industry; On the other hand, it highlights the important position of hydrogen production from renewable energy. It is proposed that the amount of green hydrogen production will reach 1 China Vanke Co.Ltd(000002) 00000 tons / year in 2025, renewable energy hydrogen production will be widely used in 2030, and the proportion of renewable energy hydrogen production in terminal energy consumption will increase significantly in 2035. With the current overall plan to actively promote the installation of new energy, the development of green hydrogen industry may exceed expectations. 2022 is the first year of China’s onshore fan installed capacity, and the industry demand is released stably as expected. Sea breeze bidding is also advancing steadily one after another. From the perspective of local government planning, sea breeze planning still maintains high popularity. Recommend Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) and parts enterprises with high performance Titan Wind Energy (Suzhou) Co.Ltd(002531) , Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) , Shandong Shuangyi Technology Co.Ltd(300690) , Jinlei Technology Co.Ltd(300443) , Riyue Heavy Industry Co.Ltd(603218) .
New energy vehicles: Tesla Berlin super factory was officially put into use and the first batch of modely was delivered; The third battery factory of Volkswagen Group is located in Spain; Weilai’s sales volume in the first quarter is 250 Lingyi Itech (Guangdong) Company(002600) 0, and there is no price increase plan at present. On March 22, Tesla Berlin super factory was officially opened. Berlin super factory is Tesla‘s first manufacturing base in Europe. It is planned to have an annual capacity of 500000 vehicles and 50gwh batteries. It is expected that the capacity will climb to the level of 260000 vehicles by the end of 2022. Musk mentioned the development potential of manganese as cathode material at the opening press conference and said that Tesla will use ternary, lithium iron phosphate and manganese containing materials as cathode materials in the long run. The third battery plant of Volkswagen Group in Europe is located in Valencia, Spain, with a design annual capacity of 40gwh and is planned to be put into operation in 2026. So far, three of the six battery factories planned by Volkswagen Group in Europe have been built, and the other two are in Sweden and Germany respectively. Weilai held a performance presentation meeting and gave a delivery guideline of 250 Lingyi Itech (Guangdong) Company(002600) 0 vehicles in the first quarter. The production capacity of Jianghuai factory will reach 24 Fawer Automotive Parts Limited Company(000030) 0000 vehicles / year in the middle of this year. The second production base in Hefei is planned to be officially put into operation in Q3 this year, and the first model is et5; In 2022, Weilai plans to deliver three new cars, and et7 / et5 / ES7 will be delivered at the end of March / September / Q3 of this year respectively. In addition, Weilai said that the vehicle production capacity will fundamentally improve in Q4 this year, and the battery can basically meet the vehicle demand this year. The main challenge comes from the uncertainty of basic chip supply. At present, the company has no price increase plan. Among the recommended areas, recommendations include the recommendations of the ‘ Contemporary Amperex Technology Co.Limited(300750) ;, Cngr Advanced Material Co.Ltd(300919) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Dynanonic Co.Ltd(300769) , Yunnan Energy New Material Co.Ltd(002812) , etc.
Risk tip: the installed demand of new energy is less than expected, the new energy power generation policy is less than expected, and the macro-economy is less than expected.
