Index
On April 11, 2022, the Shanghai Composite Index closed at 316713 points, down 2.61%; The Shenzhen composite index closed at 1197202 points, down 3.67%; Photovoltaic index closed at 379250 points, down 5.02%. The wind power index closed at 237565 points, down 4.48%. Among them, the top three companies in the photovoltaic industry are: Shanxi Coal International Energy Group Co.Ltd(600546) ( Shanxi Coal International Energy Group Co.Ltd(600546) , - 1.92%), Flat Glass Group Co.Ltd(601865) ( Flat Glass Group Co.Ltd(601865) , - 2.15%), Henan Ancai Hi-Tech Co.Ltd(600207) ( Henan Ancai Hi-Tech Co.Ltd(600207) , - 2.25%). The top three companies in the wind power industry are: Ming Yang Smart Energy Group Limited(601615) ( Ming Yang Smart Energy Group Limited(601615) , 1.66%), Zhongmin Energy Co.Ltd(600163) ( Zhongmin Energy Co.Ltd(600163) , - 2.61%), Tongyu Heavy Industy Co.Ltd(300185) ( Tongyu Heavy Industy Co.Ltd(300185) , - 2.73%).
Comments
Recently, Yunnan Provincial Energy Bureau issued the notice on accelerating the work related to the supporting network connection project of new energy projects in the 14th five year plan, proposing that in order to ensure the smooth completion of the provincial new energy planning and construction goal in the 14th five year plan, Yunnan Provincial Development and Reform Commission requires that the construction of new energy projects and supporting network connection projects be planned, constructed and put into operation simultaneously, so as to realize the grid connection and consumption of new energy projects on schedule, Ensure the safety of energy supply in the whole province. It also published the list of new energy projects in the 14th five year plan of Yunnan Province. According to the principle of starting 20 million kilowatts of new energy every year from 2022 to 2024 with margin, prepare and complete the access system scheme of new energy projects (including construction sequence), revise the power grid construction plan in advance, speed up the preliminary work and construction of new energy supporting network connection projects, and ensure the full consumption of 50 million kilowatts of new energy projects in the next three years. According to the list, the wind power projects in Yunnan Province in 2021 will be 18.589 million KW, including 8.926 million kw of wind power projects and 9.663 million kw of photovoltaic projects. 21.015 million kw of PV in 2022, 17.92 million kW in 2023 and 15.57 million kW in 2024. From 2021 to 2024, the total amount of scenery projects is 73089000 kW. We believe that driven by the policy, the downstream market growth of wind power photovoltaic equipment builders is uncertain, and their profitability may be squeezed by the rise in the price of raw materials. It is recommended to continue to pay attention to the price changes of upstream raw materials and relevant production enterprises.
Industry dynamics
Recently, Anhui Energy Bureau issued the notice on carrying out the competitive allocation of grid connection scale of the first batch of wind power and photovoltaic power generation projects in 2022. The document shows that the grid connection scale of the competitive configuration of the photovoltaic power generation project is 2gw, and the grid connection scale of the competitive configuration of the wind power project is 1GW. The declared project needs to be equipped with energy storage. The commitment requires 2-hour energy storage. (Polaris power grid)
Company dynamics
Cybrid Technologies Inc(603212) ( Cybrid Technologies Inc(603212) ): the company released the announcement of main business data in the first quarter of 2022. During the reporting period, the company produced Cecep Solar Energy Co.Ltd(000591) packaging adhesive film of 35.23 million square meters, sold 36.99 million square meters, and the revenue was 443 million yuan, with a year-on-year increase of 128.66%; The production of Cecep Solar Energy Co.Ltd(000591) backplane was 41.11 million square meters, the sales was 43.05 million square meters, and the revenue was 524 million yuan, with a year-on-year increase of 82.16%. （wind）
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
