Industry data
Lithium battery: lithium carbonate 503000 yuan / ton (0%); Ternary 622 precursor 164000 yuan / ton (3.14%), lithium iron phosphate precursor 24000 yuan / ton (0%); RMB 3.622 million / ton (0%); Artificial graphite: 51500 yuan / ton (0%); nine μ M wet base film 1.42 yuan / m2 (0%); Lithium hexafluorophosphate 515000 yuan / ton (0%).
Photovoltaic: special grade dense silicon 249 yuan / kg (0.0%); Single crystal 166 silicon wafer 5.5 yuan / wafer (0.0%); Single crystal perc166 cell 1.11 yuan / w (0.0%); Single crystal perc module 1.86 yuan / w (0.0%); Coated glass 3.2mm26 yuan / m2 (0.0%); EVA film 14.5 yuan / m2 (7.41%).
Market trend
Dianxin index rose by – 3.8%, ranking 28th in the industry. Since the beginning of the year, the absolute return of Galaxy stock pool has been – 17.8%, and the relative return has been – 0.37%.
Key announcement
For the sake of the Ningbo Orient Wires & Cables Co.Ltd(603606) . SH) / Guodian Nanjing Automation Co.Ltd(600268) ( Guodian Nanjing Automation Co.Ltd(600268) . SH) / Jingke energy (688223. SH): annual report of 2021
Guangdong Jiayuan Technology Co.Ltd(688388) ( Guangdong Jiayuan Technology Co.Ltd(688388) . SH): invest in the construction of a new electrolytic copper foil project with an annual output of 15000 tons
Hunan Zhongke Electric Co.Ltd(300035) ( Hunan Zhongke Electric Co.Ltd(300035) . SZ): report on the issuance of shares to specific objects in 2021
Tongwei Co.Ltd(600438) ( Tongwei Co.Ltd(600438) . SH) / Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) . SH): Announcement on signing major sales / purchase contracts
Jingke energy (688223. SH): voluntarily disclose and sign the 30GW single crystal pull rod project / high efficiency photovoltaic module and photovoltaic module aluminum profile investment cooperation agreement
Investment advice
In terms of new energy vehicles, 1) national development and Reform Commission: hydrogen fuel vehicles and pure electric vehicles complement each other to form an energy storage system integrating pumping and storage, electrochemical energy storage and hydrogen energy storage; 2) Forum of China electric vehicle hundred people’s Association; 3) SAIC joined hands with Qingshan to land 20gwh power battery base; 4) Vision: another 40gwh battery project is launched; 5) Another 10 billion power battery project of China Innovation Airlines has landed; 6) Volkswagen China has reached strategic cooperation intention with Zhejiang Huayou Cobalt Co.Ltd(603799) , Qingshan group.
In terms of new energy power generation, 1) the implementation plan for the development of new energy storage in the 14th five year plan was issued; 2) The two departments issued the 14th five year plan for modern energy system; 3) China’s first 25 year green power PPA signed; 4) Photovoltaic enterprise Lushan Xincai is listed; 5) Spain approved 7 billion euros of grid investment to increase the proportion of renewable energy.
Investment strategy: from the perspective of short-term game, 1) lithium battery: electric vehicles will maintain high popularity in 2022, so as to stimulate the demand for lithium battery. Battery leaders Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) etc. are recommended; It is suggested to grasp two main lines in the material link: expanding new customers overseas, Beijing Easpring Material Technology Co.Ltd(300073) , Cngr Advanced Material Co.Ltd(300919) , Shenzhen Kedali Industry Co.Ltd(002850) , etc; Tight supply and demand, strong bargaining power, Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Dynanonic Co.Ltd(300769) , Hunan Zhongke Electric Co.Ltd(300035) , Jiangsu Cnano Technology Co.Ltd(688116) , etc. 2) Photovoltaic: the international situation is turbulent, the war between Russia and Ukraine is escalating, the global demand for getting rid of the constraints of traditional resources such as oil and natural gas is strong, and the value of new energy is prominent. China’s 1-2 moonlight volt installed capacity was 10.86gw, a year-on-year increase, exceeding market expectations. It is suggested to grasp “inverter, integration and auxiliary materials”, and recommend Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) , Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Hangzhou First Applied Material Co.Ltd(603806) , Xinjiang Daqo New Energy Co.Ltd(688303) , etc. From the perspective of “conforming to the background of power grid, ushering in a new period of growth and stable development of power grid” 1) from the perspective of “long-term value”. The new infrastructure of electric power will advance steadily, and the digital transformation of power grid will deeply embrace new technologies and models. Recommend leaders State Grid Information&Communication Co.Ltd(600131) and Nari Technology Co.Ltd(600406) in the field of informatization and automation. 2) Energy storage: a key link in energy transformation. Pylon Technologies Co.Ltd(688063) , Ginlong Technologies Co.Ltd(300763) , Hemai, etc. are recommended.
