Photovoltaic: the price of silicon material has stabilized and rebounded in the short term, and the industrial chain game has entered the next stage. Silicon material: the price of silicon material stabilized and rebounded this week, and the average transaction price of single crystal re feeding, single crystal compact material and single crystal cauliflower material increased by about 1.5%. Silicon wafer: the price of silicon wafer shows a steady upward trend. In order to meet the growth of downstream demand, the operating rate of silicon wafer enterprises has increased steadily. In addition, the demand for goods preparation in the Spring Festival has jointly supported the increase of silicon material procurement. It is expected that there is a phased shortage of silicon material supply. Battery chip: the price of battery chip is stable this week, the operating rate of battery manufacturers has increased significantly month on month, and the transmission driven by the price rise in the upstream link is expected to support the price of single crystal battery chip before the Spring Festival. Component price & auxiliary materials: the price shows a stable trend in the short term. PV tech announced the list of the top ten global component suppliers in 2021. In 2021, the shipment volume of the top 10 component suppliers is about 150gw. Among the top 10 suppliers, Chinese companies once again occupy the forefront, among which Longji ranks first, Trina Solar ranks second and Jingao ranks third.
Wind power: the large-scale trend of land wind new bidding appears, and the competitive allocation results of sea wind new projects are announced. A total of 297.4mw wind turbine procurement bid opening for four projects of CGN. Among them, seven complete machine manufacturers of Guangxi xingyebei phase II wind farm bid, Ming Yang Smart Energy Group Limited(601615) quote the lowest price of 2077 yuan / kW, and the average bidding price of the project is 2270 yuan / kW; There are 6 complete machine manufacturers bidding in Qizi area of Hunan Xiangxiang Bailu wind power project. The lowest price of Harbin power wind energy is 2120 yuan / kW, and the average bidding price of the project is 2243 yuan / kW; Qize wind farm in Huaning County, Yuxi City, Yunnan Province has a total of 8 complete machine manufacturers bidding. The lowest price of prospective energy is 1860 yuan / kW, and the average bidding price of the project is 1964 yuan / kW; There are 8 complete machine manufacturers bidding for phase II of maobarnyard field in Dayao, Yunnan. The lowest price of prospective energy is 1830 yuan / kW, and the average bidding price of the project is 1964 yuan / kW. The sea breeze project continued to be implemented, and Jiangsu Province announced the results of 2.65gw sea breeze competition. On January 7, the competitive allocation results of Jiangsu Province’s 2021 offshore wind power project were publicized, and it was determined that Sheyang 1 million KW offshore wind power project was selected by the consortium led by National Energy Investment Group Co., Ltd. and Dafeng 850000 kW offshore wind power project was selected by the consortium led by Jiangsu Guoxin Group Co., Ltd, Dafeng 800000kw offshore wind power project is selected by the consortium led by China Three Gorges Group Co., Ltd. In addition, the Shanghai Municipal Development and Reform Commission announced the notice on the competitive allocation work plan of Jinshan offshore wind farm phase I project on January 11. The development scale of the competitive allocation project is about 300000 kW, which needs to be completed and connected to the grid by the end of 2023. In addition, on January 14, the Three Gorges group released the bidding announcement for the bundling centralized procurement (the first batch) (bid sections 2 and 3) of equipment and materials (offshore fans and towers) in the new energy field in 2021. The scale of bid sections 2 and 3 is 100MW in total, and the unit capacity is required to be 8mW or above.
Investment proposal and investment object
The photovoltaic sector recommends Longi Green Energy Technology Co.Ltd(601012) (601012, buy), Tongwei Co.Ltd(600438) (600438, buy), Ja Solar Technology Co.Ltd(002459) (002459, buy), Shanghai Hiuv New Materials Co.Ltd(688680) (688680, buy), Hangzhou First Applied Material Co.Ltd(603806) (603806, buy). It is recommended to pay attention to Trina Solar Co.Ltd(688599) (688599, not rated); The wind power sector recommends Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) (300850, buy), Riyue Heavy Industry Co.Ltd(603218) (603218, overweight). It is recommended to pay attention to Titan Wind Energy (Suzhou) Co.Ltd(002531) (002531, Unrated), Dajin Heavy Industry Co.Ltd(002487) (002487, Unrated), Jiangyin Hengrun Heavy Industries Co.Ltd(603985) (603985, Unrated), Ningbo Orient Wires & Cables Co.Ltd(603606) (603606, Unrated).
Risk tips
The growth of photovoltaic industry is less than expected; The growth of wind power industry is less than expected.
