It is said that Huawei will sell large batteries in Japan in March. The U.S. Department of justice will appeal the decision on double-sided Cecep Solar Energy Co.Ltd(000591) board to restore import tariffs.
the U.S. Department of justice wants to restore the import tariff of photovoltaic modules
According to reports, the U.S. Department of justice plans to appeal a ruling of the International Trade Court, which aims to restore the import tariff of double-sided Cecep Solar Energy Co.Ltd(000591) battery panels. the U.S. Department of Justice issued a notice of appeal on Friday to challenge the decision to restore tariff exemption in November 2021.
On November 16, 2021, the U.S. Court of international trade (CIT) officially announced the restoration of tariff exemption for double-sided Cecep Solar Energy Co.Ltd(000591) components, and reduced the tariff rate of 201 from 18% to 15%. At this point, double-sided Cecep Solar Energy Co.Ltd(000591) components can be imported into the United States without additional tariffs. Under these two changes, the additional tariffs previously levied will be refunded to relevant enterprises.
Abigail Ross hopper, President and CEO of the American Cecep Solar Energy Co.Ltd(000591) Association (SEIA), praised the good news, saying that the two decisions were clearly correct and severely cracked down on the illegal attempts of supporters of Article 201 tariffs. At that time, boosted by this positive, the high level of A-share photovoltaic index stabilized and rose, rising 7.17% in five trading days, reaching a high of 5612.4 points in the year.
The appeal result of the US Department of justice is unknown, and the impact on relevant enterprises is uncertain. According to the statistics of databao, there are 29 photovoltaic concept stocks with 5 or more rating agencies recently. Among them, Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , Sungrow Power Supply Co.Ltd(300274) , Suzhou Maxwell Technologies Co.Ltd(300751) received more attention, with 40, 37, 31 and 30 agencies participating in the rating respectively.
In terms of valuation, the latest valuation of the photovoltaic sector as a whole is 48.77 times. The rolling P / E ratios of Longi Green Energy Technology Co.Ltd(601012) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Tongwei Co.Ltd(600438) , Zhejiang Chint Electrics Co.Ltd(601877) and Zhejiang Chint Electrics Co.Ltd(601877) are lower than this value, and the rolling P / E ratios of Csg Holding Co.Ltd(000012) , Zhejiang Chint Electrics Co.Ltd(601877) , Tbea Co.Ltd(600089) are lower, less than 20 times.
In terms of net profit performance, up to now, only 6 shares have issued performance forecast for 2021. Tbea Co.Ltd(600089) , Tongwei Co.Ltd(600438) , Shuangliang Eco-Energy Systems Co.Ltd(600481) , Wuxi Autowell Technology Co.Ltd(688516) it is expected that the annual performance will double, Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) and Ginlong Technologies Co.Ltd(300763) will also increase by 99.26% and 55.61% respectively. The agency predicts that among the individual stocks whose performance has not been predicted, Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Csg Holding Co.Ltd(000012) , Crystal Clear Electronic Material Co.Ltd(300655) , Kbc Corporation Ltd(688598) , Qingdao Gaoce Technology Co.Ltd(688556) are expected to double the net profit year-on-year.
Without considering the impact of foreign policies such as tariffs, Citic Securities Company Limited(600030) believes that with the gradual implementation of carbon neutralization policy, optoelectronics has attracted extensive attention because of its advantages such as infinity and cleanliness. At the same time, technological progress has led to the continuous decline of the cost of photovoltaic kwh, which is close to the cost of thermal power, promoting the rapid promotion of photoelectric industrialization. According to CPIA’s prediction, by 2025, under optimistic conditions, the global PV installed capacity will reach 330gw, with a compound growth rate of 20.5%, and the industry has broad prospects.
Huawei energy storage battery will be sold to Japan
It is reported that from March this year, Huawei will sell large battery systems for renewable energy storage in Japan through battery manufacturers including Contemporary Amperex Technology Co.Limited(300750) . Huawei combines small battery packs into container sized units and sells them to customers in Japan. The capacity can be adjusted according to the actual application demand to meet the power demand of Japan in the transition period from fossil fuels to renewable energy.
Japan has put forward the development goal of renewable energy. By 2030, renewable energy will account for 36% to 38% of energy power generation. Both the growth of renewable energy demand and the shortage of reserve capacity in Japan and China’s power grid make energy storage a key link for intermittent energy to maintain a stable power supply.
Japan’s Cecep Solar Energy Co.Ltd(000591) and wind energy storage market is expected to grow from 16.7 billion yen (about 932 million yuan) in 2020 to 45.8 billion yen (about 2.556 billion yuan) in 2030, according to Fuji Keizai, a Japanese market research organization.
Huawei is not the only company eyeing this cake. Tesla has been selling large battery projects in Japan since 2021. Its Japanese company installed its first Megapack giant grid level energy storage equipment in the country last April. In November, power supplier J-Power set up Tesla storage system in Hiroshima. This summer, Tesla will also have two battery system projects in Japan.
Compared with large battery system manufacturers such as Sumitomo Electric Industry Co., Ltd. and NGK insulators in Japan and China, Sino US companies enjoy huge cost advantages. Japan China research data show that the cost per kilowatt hour of industrial fixed batteries made in Japan is about 4.8 times that of Tesla Japan. Japanese analysts said that if local enterprises could not compete in terms of cost, foreign companies would quickly seize the relevant market share. The global shipment of fixed batteries is expected to increase from 33690 MWh in 2020 to 101660 MWh in 2030, about doubling.
list of energy storage concept stocks
Securities Times · databao sorted out the list of concept stocks with partial layout of battery energy storage business. In terms of the market, the energy storage index has been callback continuously since November 30, with a cumulative pullback of 10.36%, and the decline since the new year has also reached 5.92%. 22 concept stocks have fallen by an average of 8.49% since January, and only Gcl Energy Technology Co.Ltd(002015) one stock recorded an increase.
Institutions still pay high attention to Contemporary Amperex Technology Co.Limited(300750) , Sungrow Power Supply Co.Ltd(300274) , Eve Energy Co.Ltd(300014) , Byd Company Limited(002594) and other industry giants, and there are more than 25 rating agencies. In terms of net profit, Shenzhen Desay Battery Technology Co.Ltd(000049) , Sunwoda Electronic Co.Ltd(300207) last year’s performance forecast has been issued, which is expected to increase by 15.73% and 10% respectively. Meanwhile, the organization expects the annual performance of Guangzhou Great Power Energy&Technology Co.Ltd(300438) , Gotion High-Tech Co.Ltd(002074) , Far East Smarter Energy Co.Ltd(600869) , Harbin Jiuzhou Group Co.Ltd(300040) , Contemporary Amperex Technology Co.Limited(300750) to double. The performance of Guangzhou Great Power Energy&Technology Co.Ltd(300438) increased the most, 485.68%, while the growth of the other four shares fell in the range of 100% – 160%.
According to the data treasure, the recent valuation of the energy storage sector fell to a low level, 44.4 times on January 14. There are 7 stocks with the latest rolling P / E ratio lower than this value, including East Group Co.Ltd(300376) , Harbin Jiuzhou Group Co.Ltd(300040) , Gcl Energy Technology Co.Ltd(002015) . The latest valuations of Shenzhen Desay Battery Technology Co.Ltd(000049) and Guangzhou Zhiguang Electric Co.Ltd(002169) are less than 20 times, 19.74 times and 10.01 times respectively.
