As the PV industry continues to move towards a new era of affordable PV technology in the first quarter of this year. On April 28, the photovoltaic concept sector was shaken and strengthened. The data showed that as of the closing, Flat Glass Group Co.Ltd(601865) , Longi Green Energy Technology Co.Ltd(601012) , Risen Energy Co.Ltd(300118) all rose by more than 5%, and Ja Solar Technology Co.Ltd(002459) , Trina Solar Co.Ltd(688599) and others followed suit.
According to the data recently released by the National Bureau of statistics, from January to March this year, the national high-tech manufacturing industry above Designated Size continued to maintain double-digit growth, and the added value increased by 14.2% year-on-year. In terms of products, the output of high-tech products such as polysilicon, photovoltaic cells and monocrystalline silicon increased by 37.6%, 24.3% and 24.0% respectively year-on-year. In addition, the national power industry statistics from January to March released by the national energy administration showed that by the end of March, the national installed power generation capacity was about 2.4 billion kw, a year-on-year increase of 7.8%. Among them, the installed capacity of wind power is about 340 million KW, with a year-on-year increase of 17.4%, the installed capacity of Cecep Solar Energy Co.Ltd(000591) power generation is about 320 million KW, with a year-on-year increase of 22.9%, and the newly installed capacity of photovoltaic is 13.21 million KW, with a year-on-year increase of 148%.
With the continuous innovation of photovoltaic industry technology, photovoltaic power generation is moving towards the era of parity in an all-round way. Guided by the strategic goal of “carbon peak and carbon neutralization”, China has successively launched a series of policies to support and guide the healthy development of photovoltaic industry, and relevant policies and measures of local provinces and cities are also being followed up and implemented simultaneously. In early April, Shandong Province said that it would subsidize the “14th five year plan” offshore wind power projects completed and connected to the grid in the province from 2022 to 2024; Previously, Guangdong Province also made it clear to subsidize Haifeng projects.
After years of development, China’s photovoltaic industry has a relatively complete industrial chain, and its manufacturing capacity and market share are in a leading position. According to the statistical analysis of the silicon industry branch, under the background of the accelerated progress of the new release capacity of silicon wafers, the situation of silicon material supply in short supply continues. It is expected that the silicon material price will still have strong support in May, and the tension between supply and demand in June is expected to ease periodically; On the other hand, the prices of silicon chips and battery chips have exceeded the high point in 2021. In the short term, the logistics situation may affect component shipments. Under the background of demand stimulation and upstream cost pressure, component enterprises are currently willing to increase prices. On April 27, the quotation on Longi Green Energy Technology Co.Ltd(601012) official website showed that the prices of some monocrystalline silicon wafers increased again. Since this year, the company has made several rounds of price adjustments for monocrystalline silicon products of different sizes.
As of press time, the performance of Listed Companies in the photovoltaic industry in the first quarter was being intensively disclosed. On April 28, Trina Solar Co.Ltd(688599) released the first quarterly report of 2022, which showed that during the period, the company achieved an operating revenue of 15.273 billion yuan, a year-on-year increase of 79.20%, and the net profit attributable to shareholders of listed companies was 543 million yuan, a year-on-year increase of 135.97%. On the same day, Longi Green Energy Technology Co.Ltd(601012) disclosed that the first quarter report showed that during the period, the operating revenue was 18.595 billion yuan, a year-on-year increase of 17.29%, and the net profit was 2.664 billion yuan, a year-on-year increase of 6.46% Tongwei Co.Ltd(600438) the first quarterly report showed that the operating revenue during the period was 24.685 billion yuan, a year-on-year increase of 132.49%; The net profit attributable to shareholders of listed companies was 5.194 billion yuan, a year-on-year increase of 513.01%.
China Industrial Securities Co.Ltd(601377) believes that the installed capacity of photovoltaic in the first quarter exceeded the expected development, and it is expected that the high prosperity of the whole year is expected to continue Everbright Securities Company Limited(601788) analysis indicates that in the first quarter, the grid connection of some centralized projects was delayed and the distributed demand increased, jointly promoting the rapid growth of the newly added photovoltaic installed capacity. At the investment level, with the market demand boom in the first quarter of this year pushing up the product prices of all links, it is expected that the industrial chain prices are expected to decline after the release of upstream capacity in the second quarter.
