The localization proportion of wind power bearing rollers is accelerating, and relevant enterprises have full orders and strive to expand production capacity.
the relevant person in charge of Jiangsu Lixing General Steel Ball Co.Ltd(300421) ( Jiangsu Lixing General Steel Ball Co.Ltd(300421) . SZ) told the financial associated press that at present, the company has a lot of orders, which comes from the relatively large demand for wind power. The company has previously expanded its production, and there is a production expansion plan behind it. At the same time, another bearing roller manufacturer Zhejiang Xcc Group Co.Ltd;(603667) ( Zhejiang Xcc Group Co.Ltd;(603667) . SH) is also continuously expanding roller production capacity and market share.
A researcher in the wind power industry of a securities firm in Beijing told the financial associated press that in the wind power industry, the localization proportion of medium and low-end rollers is high, and the penetration of the wind turbine industry is accelerating. The high-end rollers are still mainly imported products. On the whole, the market space of domestic wind power bearing rollers is relatively wide.
domestic alternative acceleration
It is reported that the fan bearing roller has high requirements for stability and accuracy, which was mainly imported before. With Chinese enterprises increasing research and development and adding some high-precision equipment, the gap between China and foreign countries is gradually smaller, and domestic substitution is accelerating.
The above analysts told the financial associated press that wind power rollers were monopolized by overseas enterprises in the past, and the price of imported high-end rollers is more than ten times that of China, or even more. Therefore, after the quality of domestic products comes up, it is easier to develop the market under the pressure of reducing the cost of the wind power industry chain.
In this regard, Jiangsu Lixing General Steel Ball Co.Ltd(300421) the above-mentioned person in charge told the financial associated press that the prosperity of the roller industry was very high. In the first quarter, due to public health events, production and delivery were affected to a certain extent, and has now returned to normal. Exports also began to improve in May.
The person in charge further introduced that with the increase of the power of the single fan, the manufacturing difficulty of the bearing roller will increase to a certain extent, the value of the roller will also increase, and the gross profit of a single product will be higher.
Zhejiang Xcc Group Co.Ltd;(603667) relevant person in charge said at the performance briefing held a few days ago that after the company successfully developed onshore and offshore wind power rollers, it has been supplied in batches in recent years to realize import substitution. The company's wind power roller products support ThyssenKrupp, defengdan, SKF and other foreign companies. At the same time, it is also a strategic partner of vision energy. It provides supporting facilities for Chinese wind power bearing enterprises Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) ( Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) ), Yantai Tiancheng, Daye axis, etc.
The financial Associated Press reporter noted that the revenue of wind power products of the above companies showed a high-speed growth trend with the development of the industry. Among them, Zhejiang Xcc Group Co.Ltd;(603667) 20192021 revenue from wind power products was 6.2551 million yuan, 25.004 million yuan and Wanhua Chemical Group Co.Ltd(600309) million yuan respectively. The revenue in 2020 and 2021 increased by 299.68% and 140.12% year-on-year, accounting for 1.43% and 2.48% of the total revenue The revenue of Jiangsu Lixing General Steel Ball Co.Ltd(300421) roller increased from about 33 million yuan in 2020 to more than 50 million yuan in 2021.
actively expand production
Insiders told the financial associated press that at present, China's roller production head enterprises mainly include Tianma Bearing Group Co.Ltd(002122) ( Tianma Bearing Group Co.Ltd(002122) ), Jiangsu Lixing General Steel Ball Co.Ltd(300421) , Zhejiang Xcc Group Co.Ltd;(603667) , etc. If the roller is produced in Tianma, it will not be sold out Zhejiang Xcc Group Co.Ltd;(603667) and Jiangsu Lixing General Steel Ball Co.Ltd(300421) roller products are sold abroad in China, and the downstream mainly includes rail transit, wind power and other industries.
The aforementioned analysts said that at present, the low-end roller has been fully localized, and the middle end is about 60% - 70%. There is still a gap between the high-end and foreign countries, and the market space is still broad. In addition, the application rate of roller bearing is about 15% lower than that of foreign wind turbine, and the application rate of large-scale wind turbine is still about 30%.
From the downstream point of view, the Beijing Declaration on wind energy at the end of 2020 proposes to ensure that the average annual installed capacity of wind power during the 14th Five Year Plan period is more than 50gw. GWEC (International Wind Energy Association) predicts that during the 14th Five Year Plan period, China's wind power will add 54gw of new installed capacity every year, and the scale of new installed capacity will grow steadily.
Overseas, Denmark, Germany, Belgium and the Netherlands jointly signed a document on May 18, promising to increase the installed capacity of offshore wind power in the four countries by 10 times by 2050, from the current 16GW to 150gw; In 2030, the total installed capacity of offshore wind power will reach 65gw, which will strongly stimulate the demand for wind power.
With the continuous expansion of the wind power market, the demand of downstream customers for bearing rollers is increasing, and relevant enterprises are actively expanding production.
Jiangsu Lixing General Steel Ball Co.Ltd(300421) previously issued 16000 ton roller production project. The relevant person in charge of the company said that at present, the project has begun to produce benefits. It is expected to reach about 35% of the planned capacity this year, and there are still plans to expand production in the later stage.
Zhejiang Xcc Group Co.Ltd;(603667) relevant person in charge said at the performance meeting that at present, the company has received a large number of orders for wind power pitch bearing, main shaft bearing, gearbox bearing roller and offshore wind power roller, and the bottleneck is the lack of production capacity. At present, the company is building a professional roller branch with an annual output of 22 million wind power rollers and an output value of 550 million; At the same time, we will carry out the research and development, sample delivery and small batch production of high-speed railway bearing rollers and shield machine bearing rollers, continue to expand the roller production capacity and market share according to the market demand, and strive to achieve the output value of high-end precision bearing rollers of 1 billion in the future.
The company said that the expansion of wind power production can further increase the proportion of revenue of the company's wind power products, optimize the company's product structure and improve the company's profitability.
