Index
On May 19, 2022, the Shanghai Composite Index closed at 309696 points, up 0.36%; Shenzhen composite index closed at 1125006 points, up 0.37%; Photovoltaic index closed at 411512 points, up 5.13%; The wind power index closed at 242344 points, up 5.76%. Among them, the top three companies in the photovoltaic industry are: Arctech Solar Holding Co.Ltd(688408) ( Arctech Solar Holding Co.Ltd(688408) , 13.24%), Jinko Power Technology Co.Ltd(601778) ( Jinko Power Technology Co.Ltd(601778) , 10.02%), Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) ( Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) , 10.02%). The top three companies in the wind power industry are: Zhejiang Windey Co.Ltd(300772) ( Zhejiang Windey Co.Ltd(300772) , 12.80%), Qingdao Tianneng Heavy Industries Co.Ltd(300569) ( Qingdao Tianneng Heavy Industries Co.Ltd(300569) , 12.31%), Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) ( Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) , 10.02%).
Comments
Recently, pvinfolink released the latest photovoltaic supply chain information. The scale of silicon material production capacity has indeed increased since the beginning of the year, and it was observed that the actual output also showed a slow increasing trend month by month. In May, although some leading silicon material enterprises still carried out separate line maintenance or affected the output due to the impact of new production capacity on power, thanks to the increase of new production capacity put into operation at the beginning of the year, the scale of silicon material production in May is expected to be about 6500066000 tons / month, Month on month growth of 4% – 6%. Affected by the rapid growth of downstream production capacity, the supply and demand of silicon material is still tight, and it is expected to continue to rise in the short term. In terms of silicon wafers, driven by the rising cost of silicon and its own profit demands caused by the continuous rise of silicon material prices, the thinning trend of the supply thickness of monocrystalline silicon wafers continues to accelerate. At present, only a few leading enterprises still use the thickness of 165 μ M, the thickness of monocrystalline silicon wafer of most other enterprises has been reduced to 155 μ m-160 μ m. Individual downstream enterprises have fully completed 155 μ In the process of product specification switching of m thickness, some professional monocrystalline silicon wafer enterprises are also making great efforts to promote 155 μ The acceleration of m thickness specification in order to maintain the price and gross profit level in disguise. We believe that the upstream of the photovoltaic industry chain still enjoys the profit space brought by the price rise, and the performance of relevant enterprises is expected to increase significantly this year. Related subject matter: Tongwei Co.Ltd(600438) .
Industry dynamics
Henan energy regulatory office puts forward requirements for power companies and power generation enterprises: first, improve the political position, strengthen the operation management of power grid, optimize the operation mode, strictly enforce the dispatching discipline, and make full preparations for difficulties and various emergency plans. The second is to further strengthen the supervision and management of unplanned shutdown and output obstruction of coal-fired power units, study and improve the assessment rules of the two rules, establish the monitoring and early warning mechanism of power coal, and spare no effort to maintain the normal production order of power. Third, continue to improve the transaction rules of peak shaving auxiliary services, further optimize the benchmark of paid peak shaving of units, and establish a mechanism for distributed wind power and photovoltaic to participate in paid peak shaving. (Polaris power grid)
Company dynamics
Ja Solar Technology Co.Ltd(002459) ( Ja Solar Technology Co.Ltd(002459) ): the company issued the announcement of the profit distribution plan and the plan of converting capital reserve into share capital in 2021. It plans to distribute cash dividend of RMB 1.5 (tax included) to all shareholders for every 10 shares, and increase 4 shares for every 10 shares to all shareholders at the share capital premium in the capital reserve. It is expected to distribute cash dividend of RMB 25124315685, and increase 669981751 shares at the share capital premium. After the increase, the total share capital of the company is 2344936130 shares. (company announcement)
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change
