Core recommended combinations: Shandong Fengyuan Chemical Co.Ltd(002805) , Tongwei Co.Ltd(600438) , Eve Energy Co.Ltd(300014) , Shandong Weida Machinery Co.Ltd(002026) , Fujian Nebula Electronics.Ltd(300648) , Ja Solar Technology Co.Ltd(002459) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) , Trina Solar Co.Ltd(688599) , Titan Wind Energy (Suzhou) Co.Ltd(002531)
New energy power generation:
Photovoltaic: the new capacity of silicon material is released one after another, the industry supply increment is obvious, and the silicon material price is still strong. It is verified that the downstream demand has improved significantly month on month, and it is expected to continue a high boom throughout the year. Since the end of October 2021, the new silicon material production capacity has been put into operation successively, the corresponding annual production capacity is about 135000 tons, and the corresponding monthly new supply is more than 11000 tons. Since December, the supply of silicon materials in the industry has shown an obvious increase. According to the statistics of the silicon industry branch, the monthly output of silicon materials in China was 42100 tons and 48800 tons respectively from November to December 2021, and the supply increase in December was 6700 tons, with a month on month increase of 15.91%. After entering January 2022, with the gradual full production of newly increased capacity, the supply of silicon materials is expected to continue to increase. According to the latest silicon material quotation, the price is strong and has rebounded month on month. It is verified that the downstream demand has improved significantly month on month. Considering that the bidding price of the latest module has been reduced to about 1.8 yuan / W, the installation demand of China’s centralized power station is expected to be released, or it will promote the high growth of photovoltaic installation throughout the year. It is recommended to pay attention to polysilicon material and battery faucet Tongwei Co.Ltd(600438) ; Component faucet Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) ; Large silicon chip faucet Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) ; Inverter taps Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) ; Photovoltaic auxiliary materials: Hangzhou First Applied Material Co.Ltd(603806) , Flat Glass Group Co.Ltd(601865) ; Layout Jiangsu Akcome Science And Technology Co.Ltd(002610) , Suzhou Maxwell Technologies Co.Ltd(300751) , Shenzhen S.C New Energy Technology Corporation(300724) , Risen Energy Co.Ltd(300118) , Jolywood (Suzhou) Sunwatt Co.Ltd(300393) of the new technical route; Operation of photovoltaic power station: Jinko Power Technology Co.Ltd(601778) , Cecep Solar Energy Co.Ltd(000591) , Jiangsu Linyang Energy Co.Ltd(601222) .
Wind power: Fujian launched the first offshore wind power parity project. On January 14, the Three Gorges group issued an announcement on equipment procurement in the field of new energy, in which there are two bid sections for Fujian Pingtan offshore wind farm project, with a total of 100MW wind turbine procurement. The unit capacity is required to be more than 8mW, and the delivery time is to complete all supply before June 2022. This project is the first offshore wind power parity project in Fujian to open bidding. Up to now, Guangdong, Jiangsu, Zhejiang, Shandong and Fujian, the five major provinces in China’s offshore wind power development, have completed the start-up of offshore wind power parity projects. Due to the clear land subsidy policy, Guangdong currently has a maximum capacity of 7gw, and Jiangsu, the second most mature offshore wind power market, has reached 2.65gw, Zhejiang, Shandong The projects started in Fujian are 0.98, 0.3 and 0.1gw respectively. It is suggested to pay attention to the energy storage and nuclear power industry chain and join hands with the target Fujian Nebula Electronics.Ltd(300648) of Ningde energy storage ecosystem; Recommend Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) and parts enterprises with rapid growth performance Titan Wind Energy (Suzhou) Co.Ltd(002531) , Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) , Shandong Shuangyi Technology Co.Ltd(300690) , Jinlei Technology Co.Ltd(300443) , Riyue Heavy Industry Co.Ltd(603218) .
New energy vehicles: the data of Shanxi Guoxin Energy Corporation Limited(600617) vehicle sales and power battery installation in 2021 are released. According to the data of China Automobile Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in mid December was 531000, an increase of 11% month on month. In 2021, the cumulative sales volume was 3.521 million, with a year-on-year increase of 158%. Looking back on the whole year of 2021, the Shanxi Guoxin Energy Corporation Limited(600617) car market showed a strong growth trend. Among the 3.521 million vehicles sold in 2021, 3.334 million were new energy passenger vehicles and 186000 were new energy commercial vehicles. Among the new energy passenger vehicles, the sales volume of pure electric vehicles was 2.734 million, accounting for 82%; The sales volume of plug-in hybrid vehicles is 60%, accounting for 18%. According to the data of China Travel Association, the top three sales of Shanxi Guoxin Energy Corporation Limited(600617) brands in 2021 are respectively: Byd Company Limited(002594) 584000 vehicles, SAIC GM Wuling 431000 vehicles and Tesla China 321000 vehicles. In terms of the year-on-year growth rate of sales, Xiaopeng (275.2%), Byd Company Limited(002594) (221.3%), ideal (177.4%) and SAIC GM Wuling (177.3%) have a high growth rate, and several other manufacturers have also achieved a high growth rate of more than 100% year-on-year. With the high growth of sales of new energy vehicles, the installed capacity of power batteries in China was 154.5gwh in 2021, a year-on-year increase of 143%. In terms of material types, the trend of lithium iron accelerated, with a total installed capacity of 79.8gwh throughout the year, accounting for 52% of the total installed capacity; The total installed capacity of ternary materials throughout the year was 74.3gwh, accounting for 48% of the total installed capacity. In terms of recommendation, continue to recommend Contemporary Amperex Technology Co.Limited(300750) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Hunan Changyuan Lico Co.Ltd(688779) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Shandong Fengyuan Chemical Co.Ltd(002805) , Shandong Weida Machinery Co.Ltd(002026) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Beijing Easpring Material Technology Co.Ltd(300073) , Cngr Advanced Material Co.Ltd(300919) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Dynanonic Co.Ltd(300769) , Yunnan Energy New Material Co.Ltd(002812) .
Risk tip: the installed demand of new energy is less than expected, the new energy power generation policy is less than expected, and the macro-economy is less than expected.
