From 2021 to 2022q1, the overall performance of the new power sector increased rapidly. We have counted the operations of 257 key companies in the A-share / Hong Kong stock market in 2021 and 2022q1. On the whole, benefiting from the overall high prosperity of the sector, the revenue in 2021 was 2134392 billion yuan, a year-on-year increase of + 41.78%, significantly exceeding the growth rate in 2020; 22q1 achieved a total revenue of 616166 billion yuan, a year-on-year increase of + 61.34%; In 2021, the net profit attributable to the parent company was RMB 200909 billion, a year-on-year increase of + 74.49%; 22q1 realized a net profit attributable to the parent company of RMB 63.02 billion, a year-on-year increase of + 77.95%. From 2021 to 2022q1, the revenue and net profit of each subdivided field in the new power generation sector were significantly differentiated. The electrolyte, negative electrode and other links in the new energy vehicle industry chain, as well as the silicon material, glass and other links in the new energy power generation sector increased both in volume and price under the tight supply and demand pattern, realizing a significant year-on-year increase in revenue and net profit.
New energy vehicles: surging and in the ascendant. A total of 95 listed companies in the new energy vehicle sector were included in the statistics. In 2021, the demand for new energy vehicles burst out, and the performance of the sector increased significantly. The total revenue of the industry reached 585644 billion yuan, a year-on-year increase of + 61.90%; The net profit attributable to the parent company was 32.3 billion yuan, a year-on-year increase of + 145.33%. Quarter by quarter, the annual revenue of 21 years increased quarter by quarter. The year-on-year growth rates of q1-q3 in 21 years were 70.79%, 65.45% and 51.45% respectively. The revenue of 2021q4 was 266744 billion yuan, with a year-on-year growth rate of more than 81%; In 2022q1, the downstream demand continued to boom, and the revenue and net profit attributable to the parent company were 268093 billion yuan and 31.572 billion yuan respectively, with a year-on-year increase of 86.42% and 129.13%.
New energy power generation sector: beautiful scenery, pay attention to marginal change. A total of 100 listed companies in the new energy power generation sector were included in the statistics. In 2021, the total revenue of the sector was 1034024 billion yuan, a year-on-year increase of + 45.29%; The net profit attributable to the parent company was 89.681 billion yuan, a year-on-year increase of + 64.79%. Quarterly, the revenue of 2021q1 reached 302.9 billion yuan, a year-on-year increase of + 67.19%; The net profit attributable to the parent company was 27.936 billion yuan, a year-on-year increase of + 51.18%. With the firm route of energy transformation and technological progress, we expect the new energy power generation sector to continue its high boom.
Power equipment and industrial control sector: high performance in 2021 and overall prosperity in 2022q1. A total of 75 listed companies in the power equipment and industrial control sector were included in the statistics. In 2021, the industry achieved a total revenue of 432906 billion yuan, a year-on-year increase of + 19.24%, and a net profit attributable to the parent company of 41.368 billion yuan, a year-on-year increase of + 29.92%. In the first quarter of 2022, the growth momentum of traditional and emerging industries in the downstream was good, driving the steady growth of power equipment and industrial control sector. The revenue and net profit attributable to the parent increased by 33.18% and 26.56% respectively year-on-year.
Risk tip: the duration of the global epidemic exceeded expectations, the policy did not meet expectations, and the price decreased more than expected due to the intensification of industry competition.
