Index
On March 30, 2022, the Shanghai Composite Index closed at 326660 points, up 1.96%; Shenzhen composite index closed at 1226380 points, up 3.10%; Photovoltaic index closed at 435274 points, up 2.69%. The wind power index closed at 264765 points, up 2.77%. Among them, the top three companies in the photovoltaic industry are: Kbc Corporation Ltd(688598) ( Kbc Corporation Ltd(688598) , 8.72%), Wuxi Autowell Technology Co.Ltd(688516) ( Wuxi Autowell Technology Co.Ltd(688516) , 8.66%), Sineng Electric Co.Ltd(300827) ( Sineng Electric Co.Ltd(300827) , 7.17%). The top three companies in the wind power industry are: Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) ( Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) , 10.02%), Jinlei Technology Co.Ltd(300443) ( Jinlei Technology Co.Ltd(300443) , 6.04%), Zhejiang Windey Co.Ltd(300772) ( Zhejiang Windey Co.Ltd(300772) , 5.94%).
Comments
On March 30, Hangzhou Development and Reform Commission of Zhejiang Province publicly solicited opinions and suggestions on further accelerating the construction of photovoltaic power generation projects in our city (Draft for comments). It is mentioned that during the “14th five year plan” period, we will ensure that the newly added photovoltaic installed capacity is more than 1200 MW, strive to reach more than 2000 MW, and the cumulative installed capacity is more than 3300 MW. The implementation priorities include: promoting the pilot development of roof distributed photovoltaic in the whole county (city and district); Promote the iterative upgrading of photovoltaic industry; Comprehensively promote the “photovoltaic +” project. “Photovoltaic +” project provides guidance for photovoltaic construction in six fields: industry, public buildings, transportation, commerce, residents, agriculture and forestry, and specifically plans various situations of photovoltaic construction. We believe that the introduction of the draft indicates that the new energy policy has entered the specific implementation stage from the overall goal, and the transmission from the policy side to the real industry sector is further. We note that most of the situations planned in the opinion draft are roof photovoltaic, and we suggest paying attention to relevant listed companies with technology accumulation in distributed photovoltaic.
Industry dynamics
On March 28, Jiangsu market supervision bureau issued a notice on publicizing the proposed establishment of Jiangsu power and energy storage battery Standardization Technical Committee. The notice proposed that Jiangsu market supervision and administration bureau plans to establish Jiangsu power and energy storage battery Standardization Technical Committee, which is mainly responsible for the standardization work in the field of power and energy storage batteries. (Polaris power grid)
Company dynamics
Gepic Energy Development Co.Ltd(000791) ( Gepic Energy Development Co.Ltd(000791) ): the company issued the annual report for 2021. During the reporting period, the company achieved an operating revenue of 2.012 billion yuan, a net profit of 260 million yuan attributable to shareholders of listed companies and an EPS of 0.19 yuan / share. During the reporting period, the power generation capacity of the power station affiliated to the company was 7.881 billion kwh, compared with 9.555 billion kwh in the same period of last year, a year-on-year decrease of 1.674 billion kwh. 7.751 billion kwh of on grid electricity was completed. Among them, the electricity traded in the market was 6.557 billion kwh, accounting for 84.60% of the total on grid electricity, and the electricity traded in the market increased by 0.9 percentage points compared with the same period last year. （wind）
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
