Index
On April 21, 2022, the Shanghai Composite Index closed at 307981 points, down 2.26%; Shenzhen composite index closed at 1108428 points, down 0.50%; Photovoltaic index closed at 354170 points, down 4.68%; The wind power index closed at 216770 points, down 4.46%. Among them, the top three companies in the photovoltaic industry are: Cybrid Technologies Inc(603212) ( Cybrid Technologies Inc(603212) , 10.01%), Suzhou Maxwell Technologies Co.Ltd(300751) ( Suzhou Maxwell Technologies Co.Ltd(300751) , 1.96%), Hengdian Group Dmegc Magnetics Co.Ltd(002056) ( Hengdian Group Dmegc Magnetics Co.Ltd(002056) , 1.18%). The top three companies in the wind power industry are: Zhongmin Energy Co.Ltd(600163) ( Zhongmin Energy Co.Ltd(600163) , 0.00%), Ming Yang Smart Energy Group Limited(601615) ( Ming Yang Smart Energy Group Limited(601615) , – 2.59%), Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) ( Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , – 2.70%).
Comments
Recently, the price department of the national development and Reform Commission issued the letter on the continuation of the parity on grid policy for new wind power and photovoltaic power generation projects in 2022. The document clearly states that in 2022, the parity on grid policy will be continued for newly approved onshore wind power projects, newly filed centralized photovoltaic power plants and industrial and commercial distributed photovoltaic projects, and the on grid price will be implemented according to the local benchmark price of coal-fired power generation; New projects can voluntarily participate in market-oriented transactions to form on grid electricity price, so as to fully reflect the green power value of new energy. Encourage all localities to introduce targeted support policies to support the high-quality development of wind power and photovoltaic power generation industry. Green power parity and coal-fired power generation adopt the same price standard, which means that green power construction has adapted to market-oriented competition, and there are basically no sales obstacles for large-scale wind power and photovoltaic construction. With the unshakable energy transformation, the long-term fundamentals of green energy construction remain unchanged, and the stock price decline caused by the epidemic and the overall weakness of the market is still a short-term fluctuation. We believe that the current valuation of the wind power photovoltaic sector has fallen to a relatively low level in history. With the acceleration of construction, the new capacity of enterprises is gradually put into operation and digested, the price of upstream raw materials stabilizes, and the profitability of equipment manufacturers improves. The wind power photovoltaic sector is expected to start a new upward cycle. It is suggested to continue to pay attention to the market changes of green energy sector.
Industry dynamics
On April 20, the people’s Government of Qingyuan City, Guangdong Province signed a strategic cooperation framework agreement with CGN. The two sides will promote the development and construction of pumped storage, photovoltaic base, nuclear technology application, environmental protection, agricultural industry and other projects, with a total investment of more than 15 billion yuan. According to the framework agreement, CGN is expected to invest more than 15 billion yuan in Qingyuan to promote the development and construction of pumped storage, photovoltaic base, nuclear technology application and environmental protection industry. (Polaris power grid)
Company dynamics
Eaglerise Electric & Electronic (China) Co.Ltd(002922) ( Eaglerise Electric & Electronic (China) Co.Ltd(002922) ): the company issued its annual report for 2021. During the reporting period, the company achieved an operating revenue of 2.23 billion yuan, a year-on-year increase of 58.61%, a net profit attributable to shareholders of listed companies of 195 million yuan, a year-on-year increase of 278.7%, a net profit attributable to shareholders of listed companies of 68 million yuan, a year-on-year increase of 87%, and EPS of 0.66 yuan / share. （wind）
Tips on epidemic risk and policy change: exceeding the expected risk
