Core view
Market review: last week, the power equipment sector closed at 9134.5 points, down 7.4%. The Shanghai Composite Index closed at 3211.2 points, down 1.2%; Shenzhen Component Index closed at 116486 points, down 2.6%; Gem closed at 2460.4 points, down 4.3%. Among the sub sections, power grid equipment (Shenwan) decreased the least, with a decrease of 5.1%, and wind power equipment (Shenwan) decreased the most, with a decrease of 7.9%. Among the wind industry indexes, the wind power generation index fell the least, at 7.4%; Photovoltaic glass index fell the most, 10.0%. In terms of individual stocks, the top five gainers were: Yuan Cheng Cable Co.Ltd(002692) up 12.09%, Shanghai Welltech Automation Co.Ltd(002058) 0.96%, Fujian Nanping Sun Cable Co.Ltd(002300) 0.58%, Tbea Co.Ltd(600089) 0.46%, and Sieyuan Electric Co.Ltd(002028) 0.40%.
Industrial chain price tracking: the price of polysilicon material this week was 252.00 yuan / kg, which remained unchanged compared with last week; The prices of the first and second tier manufacturers of single crystal 166 silicon wafers were 5.64 yuan / piece and 5.50 yuan / piece respectively, which remained unchanged compared with last week; The price of single crystal 182 silicon wafer first-line manufacturers was 6.79 yuan / piece, unchanged from last week, and the price of second-line manufacturers was 6.77 yuan / piece, up 0.09 yuan / piece or 1.35% from last week. The price of single crystal perc166 first and second-line is 1.12 and 1.11 yuan / W, which remains unchanged compared with last week. The weekly average price of metallic silicon was 27100 yuan / ton, a decrease of 0600 yuan / ton or 2.17% compared with the previous week.
Industry news: General Administration of Customs: the export of Cecep Solar Energy Co.Ltd(000591) batteries increased by 100.8% in the first quarter; Longji whole industry chain project started in Inner Mongolia Eerduosi Resources Co.Ltd(600295) Inner Mongolia Suzhou New Sea Union Telecom Technology Co.Ltd(002089) : it is proposed to participate in the investment and construction of 2gw photovoltaic manufacturing + 3gw wind power generation and other projects.
Announcement of key companies: Ming Yang Smart Energy Group Limited(601615) 2021 annual report disclosed that the net profit attributable to the parent company was 3.101 billion yuan, a year-on-year increase of 125.69% 6 H&R Century Union Corporation(000892) 021 annual report disclosed that the net profit attributable to the parent company was 7.255 billion yuan, a year-on-year increase of 196.3% Titan Wind Energy (Suzhou) Co.Ltd(002531) 2021 annual report disclosed that the net profit attributable to the parent company was 1.31 billion yuan, with a year-on-year increase of 24.76%.
Investment suggestion: focus on photovoltaic diamond line: Henan Hengxing Science & Technology Co.Ltd(002132) ( Henan Hengxing Science & Technology Co.Ltd(002132) . SZ); Offshore wind power submarine cable: Baosheng Science And Technology Innovation Co.Ltd(600973) ( Baosheng Science And Technology Innovation Co.Ltd(600973) . SH), Jiangsu Zhongtian Technology Co.Ltd(600522) ( Jiangsu Zhongtian Technology Co.Ltd(600522) . SH); Silicon carbide substrate: Roshow Technoiogy Co.Ltd(002617) ( Roshow Technoiogy Co.Ltd(002617) . SZ); Hydrogen energy: Hongda Xingye Co.Ltd(002002) ( Hongda Xingye Co.Ltd(002002) . SZ).
Risk warning: the sales of new products are less than expected; Industry competition intensifies risks.
