Core recommended combination: Shuangliang Eco-Energy Systems Co.Ltd(600481) , Ming Yang Smart Energy Group Limited(601615) , Ja Solar Technology Co.Ltd(002459) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Contemporary Amperex Technology Co.Limited(300750) , Yiwei lithium energy
Photovoltaic: the new supply of silicon materials is less than expected, the demand is booming and the new capacity of silicon wafers is under construction, which supports the purchase demand of silicon materials, and it is difficult to change the supply and demand pattern of silicon materials in the short term. According to the prediction of the silicon industry branch, China’s silicon material output in April is expected to be 54 Jiangling Motors Corporation Ltd(000550) 00 tons, which is basically the same as that in March. Overseas, due to the influence of production capacity maintenance, logistics pressure and international situation, the import volume continues to be lower than expected. The import volume in April is expected to be about 6 Jiangnan Mould & Plastic Technology Co.Ltd(000700) 0 tons, which is significantly lower than the average import of 10000 tons in 2021 (116000 tons in the whole year). The total supply of silicon material in April is expected to be about 6 Shenzhen Huaqiang Industry Co.Ltd(000062) 000 tons, which can meet the production of 24-24.8gw silicon wafers based on 2.5g/w silicon consumption. The supply continues to be tight, It is expected that the total supply of silicon material in May will be about 65000 tons. Even if the demand is greatly disturbed due to the anti circumvention investigation in the United States, it is expected that the supply and demand pattern of silicon material in the short term will be difficult to change considering the large scale of new silicon wafer production capacity, or the high start-up will be maintained and the active silicon material procurement strategy will be implemented. It is recommended to pay attention to polysilicon materials and battery faucets Tongwei Co.Ltd(600438) ; Component faucet Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) ; Large silicon wafer Shuangliang Co., Ltd. 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) ; 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) ; 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: the “14th five year plan” for energy development in Guangdong Province was officially released, and the “14th five year plan” plans to add 17gw of sea wind installed capacity. On April 13, the Guangdong provincial government issued the “14th five year plan” for energy development in Guangdong Province, focusing on building a 10 million kilowatt offshore wind power base in eastern and western Guangdong. During the “14th five year plan” period, 17gw of new offshore wind capacity, 3gw of land wind capacity and 20GW of photovoltaic capacity will be realized. In addition, in terms of technical research, we will focus on the research and development of high-capacity anti typhoon offshore wind turbine units, floating fan foundation, flexible DC transmission and other technologies, and promote the construction of a number of demonstration projects. Recommend Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) and parts enterprises with high 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: the sales volume of new energy vehicles rose against the trend in March, and the penetration rate reached a new high. The installed capacity of power batteries increased unabated in March, the share of iron and lithium was further expanded, and the top ten enterprises with installed capacity were slightly shuffled. According to the data of China Automobile Association, the sales volume of new energy vehicles in March was 484000, with a year-on-year increase of + 114% and a month on month increase of + 44%. In the case of sluggish sales of traditional oil vehicles, the sales of new energy vehicles were strong, with a monthly penetration rate of 21.7% in March, reaching a new monthly high. According to the data of the passenger Federation, the wholesale sales volume of new energy passenger vehicles in March was 455000, with a year-on-year increase of + 125% and a month on month increase of + 44%. The monthly penetration rate in March was 24.5% and a month on month increase of + 2.7 PCTs. According to the data of power battery alliance, the loading of power battery in March was 21.4gwh, with a year-on-year increase of + 138% and a month on month increase of + 57%. In terms of structure, the installed capacity of iron lithium is 13.18gwh, accounting for 62%, year-on-year + 239% and month on month + 69%; The installed capacity of Sanyuan is 8.21gwh, accounting for 38%, with a year-on-year increase of + 61% and a month on month increase of 41%. The strong momentum of iron and lithium remains unchanged. Top five enterprises with installed capacity: Contemporary Amperex Technology Co.Limited(300750) accounting for 50.5%, mom + 2.5pcts Byd Company Limited(002594) accounted for 19.2%, with a chain ratio of – 2pcts; China Innovation Airlines accounted for 8.6%, with a chain ratio of + 0.2pcts Gotion High-Tech Co.Ltd(002074) accounting for 4.3%, with a chain ratio of -0.8pcts; LG new energy accounted for 3.7%, up + 1.1pcts. Among the recommended areas, recommendations include the recommendations of the ‘ Contemporary Amperex Technology Co.Limited(300750) ;, Cngr Advanced Material Co.Ltd(300919) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Dynanonic Co.Ltd(300769) , Yunnan Energy New Material Co.Ltd(002812) , etc.
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.
