Core recommended combinations: Shandong Fengyuan Chemical Co.Ltd(002805) , Tongwei Co.Ltd(600438) , Eve Energy Co.Ltd(300014) , Shandong Weida Machinery Co.Ltd(002026) , Fujian Nebula Electronics.Ltd(300648) , Ja Solar Technology Co.Ltd(002459) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) , Trina Solar Co.Ltd(688599) , Titan Wind Energy (Suzhou) Co.Ltd(002531)
New energy power generation:
Photovoltaic: promote the intelligent innovation and development of photovoltaic industry, large-scale and high efficiency is the direction, and actively carry out a number of photovoltaic + application layouts; Accelerate rural energy transformation and benefit the installation of distributed photovoltaic / wind power. The Ministry of industry and information technology and other five ministries and commissions issued the action plan for innovation and development of intelligent photovoltaic industry (2021-2025), which aims to enhance the intelligent level of photovoltaic. The main direction of silicon material link is “to low energy consumption, low cost and electronic level”; The direction of silicon wafer is “large size and flake”; The direction of the battery is “n-type high efficiency battery”; Components in “high density packaging and BIPV”; Inverter mentioned the need to develop inverters based on wide band gap materials, power devices and chips, and achieve component level monitoring. The energy administration and other three ministries and commissions issued the implementation opinions on accelerating the transformation and development of rural energy and helping rural revitalization, supporting rural areas to use farmers\’ idle land and farm house roofs, build distributed wind power and photovoltaic power generation, allocate a certain proportion of energy storage, consume locally and connect surplus power to the Internet, so as to help farmers obtain stable income while improving the guarantee of rural energy consumption, Together with the promotion mode of the whole county, the policy is expected to accelerate the installation of distributed photovoltaic / wind power in China. It is recommended to pay attention to polysilicon material and battery faucet Tongwei Co.Ltd(600438) ; Component faucet Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) ; Large silicon chip faucets 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) ; Layout 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) of the new technical route; 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: it has fully entered the era of large-scale wind turbine, and the development of offshore wind power has accelerated. At present, China has entered the era of offshore wind power parity, and coastal provinces have laid out large-scale development plans. As of January 7, 2022, nearly 11gw projects have been started successively, including “China Resources Power Cangnan 1# offshore wind power project”, “CGN Xiangshan tuci offshore wind power project” and “Shandong Changyi Laizhou Bay phase I”, The quotation data of the first bid winner is 4000-4500 yuan / kW, which is more than 30% lower than the quotation of 6000-6500 yuan / kW before parity. In addition, from the perspective of model requirements of various projects, the identified projects require the unit capacity to be more than 6MW, and most projects require the model capacity to be more than 8mW. At present, the industry has fully entered the era of large-scale, driving the significant decline in the construction cost of wind turbines per unit capacity, so as to accelerate the realization of parity in the industry. It is suggested to pay attention to the energy storage and nuclear power industry chain and join hands with the target Fujian Nebula Electronics.Ltd(300648) of Ningde energy storage ecosystem; Recommend Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) and parts enterprises with rapid growth 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: rongbai released the performance forecast for 2021; Shenzhen Dynanonic Co.Ltd(300769) expand the production of 330000 tons of new phosphate cathode materials; The average price of battery grade lithium carbonate exceeded 300000 yuan. Ningbo Ronbay New Energy Technology Co.Ltd(688005) released the annual performance forecast for 2021: it is expected to realize the net profit attributable to the parent company of RMB 890-920 million, with a year-on-year increase of 318 ~ 332%. In addition, rongbai and Contemporary Amperex Technology Co.Limited(300750) signed the strategic cooperation agreement, which clearly mentioned that the procurement volume of Sanyuan high nickel in Ningde will be about 100000 tons in 2022, and Ningde will take rongbai as the first supplier of Sanyuan cathode from 2023 to 2025. Shenzhen Dynanonic Co.Ltd(300769) the announcement plans to invest about 7.5 billion yuan to build a new phosphate cathode material with an annual output of 330000 tons. In addition to the 110000 tons of production capacity previously determined to be raised and invested, the company plans a total production capacity of 440000 tons of new phosphate cathode materials. The new phosphate cathode material is an upgraded product of lithium iron phosphate, which has a higher voltage platform, higher energy density of the prepared battery, and retains the safety and low-cost characteristics of lithium iron phosphate battery cells. According to the data of xinlune lithium battery, on January 7, the price of battery grade lithium carbonate exceeded 300000 yuan for the first time, and the average price of the latest quotation reached 303000 yuan / ton. Since the end of November 2021, lithium carbonate has started the third price rise wave. In less than two months, it has increased from 197500 yuan / ton to 303000 yuan / ton, an increase of 105500 yuan / ton, or 53%. In terms of recommendation, continue to recommend Contemporary Amperex Technology Co.Limited(300750) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Hunan Changyuan Lico Co.Ltd(688779) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Shandong Fengyuan Chemical Co.Ltd(002805) , Shandong Weida Machinery Co.Ltd(002026) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Beijing Easpring Material Technology Co.Ltd(300073) , Cngr Advanced Material Co.Ltd(300919) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Dynanonic Co.Ltd(300769) , Yunnan Energy New Material Co.Ltd(002812) .
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.
