Photovoltaic: the guidance on energy work in 2022 was issued, and the export data of photovoltaic was booming. On March 29, the National Energy Administration issued the guiding opinions on energy work in 2022. The opinions pointed out that the main objectives of energy work in 2022 are as follows: the proportion of coal consumption has decreased steadily, the proportion of non fossil energy in total energy consumption has increased to about 17.3%, the replacement power of new electric energy is about 180 billion kwh, and the power generation of wind power and photovoltaic power generation accounts for about 12.2% of the power consumption of the whole society. Since April 1, the general code for building energy conservation and renewable energy utilization issued by the Ministry of housing and urban rural development on October 13, 2021 has officially come into force. This code is a mandatory engineering construction code, and all provisions must be strictly implemented. The relevant mandatory provisions of the current engineering construction standards shall be abolished at the same time. If the relevant provisions in the current engineering construction standard are inconsistent with the specification, the provisions of the specification shall prevail, which stipulates that Cecep Solar Energy Co.Ltd(000591) system shall be installed in new buildings. From January to February in 2022, the export of inverters will be 492.3 million US dollars and 343.5 million US dollars respectively; The export of components was US $3034.2 million and US $3851 million respectively. According to the export data of USD 92.3 billion and USD 92.3 billion respectively in 2021 and 2022, the export of inverter increased by 2.6 billion-2.5% respectively; The export of components was US $3034.2 million and US $3851.0 million respectively, with a year-on-year increase of 118.49% and 127.36% respectively.
Wind power: Shandong Province defines the subsidy for offshore wind power, and the subsidies for grid connected projects completed from 2022 to 2024 are 800, 500 and 300 yuan / kW respectively. For the offshore wind power projects built in Shandong from 2022 to 2024, the provincial finance will subsidize 800 yuan, 500 yuan and 300 yuan / kW respectively, and the subsidy scale will not exceed 2 million KW, 3.4 million KW and 1.6 million KW respectively. Offshore wind power projects completed and connected to the grid before the end of 2023 can be exempted from the construction or leasing of energy storage facilities, and power generation enterprises are allowed to invest in the construction of supporting transmission projects, which can be repurchased by power grid enterprises in accordance with laws and regulations, so as to promote the early completion and operation of the projects. According to incomplete statistics of Fengmang energy, as of the first quarter of 2022, 42 projects with a total of 877645mw wind turbines had won the bid. Vision energy, Sany Heavy energy and Ming Yang Smart Energy Group Limited(601615) ranked among the top three with the bid winning capacity of 1843mw, 1359mw and 1300mw respectively, accounting for 51.3% of the total bid winning capacity in the market.
Industrial control: affected by the epidemic situation and other factors, the production PMI has dropped to the contraction range. According to the data of the National Bureau of statistics, China’s manufacturing PMI in March 2022 was 49.5%, down 0.7 percentage points month on month; The PMI production index was 49.5%, down 0.9 percentage points month on month, and the manufacturing production boom fell; PMI new order index was 48.8%, down 1.9 percentage points month on month, and the market demand of manufacturing industry weakened; The PMI new export order index was 47.2%, down 1.8 percentage points month on month. According to the analysis of senior statisticians of the National Bureau of statistics, as the epidemic situation in some areas is effectively controlled, the suppressed production and demand will gradually recover, and the market is expected to pick up.
The photovoltaic sector recommends Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) , buy), Tongwei Co.Ltd(600438) ( Tongwei Co.Ltd(600438) , buy), Ja Solar Technology Co.Ltd(002459) ( Ja Solar Technology Co.Ltd(002459) , buy), Shanghai Hiuv New Materials Co.Ltd(688680) ( Shanghai Hiuv New Materials Co.Ltd(688680) , buy), Hangzhou First Applied Material Co.Ltd(603806) ( Hangzhou First Applied Material Co.Ltd(603806) , buy). It is recommended to pay attention to Trina Solar Co.Ltd(688599) ( Trina Solar Co.Ltd(688599) , not rated); The wind power sector recommends Riyue Heavy Industry Co.Ltd(603218) ( Riyue Heavy Industry Co.Ltd(603218) , overweight), and it is recommended to pay attention to Titan Wind Energy (Suzhou) Co.Ltd(002531) ( Titan Wind Energy (Suzhou) Co.Ltd(002531) , not rated), Dajin Heavy Industry Co.Ltd(002487) ( Dajin Heavy Industry Co.Ltd(002487) , not rated), Jiangyin Hengrun Heavy Industries Co.Ltd(603985) ( Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , not rated), Ningbo Orient Wires & Cables Co.Ltd(603606) ( Ningbo Orient Wires & Cables Co.Ltd(603606) , not rated).
Risk tips
The growth of photovoltaic industry is less than expected; The growth of wind power industry is less than expected; Industrial control industry grew less than expected
