Key investment points:
Market review: Shenwan power equipment industry rose 2.13% last week, outperforming the Shanghai and Shenzhen 300 index by 4.11 percentage points, ranking second among Shenwan 31 industries. The first three stocks in the power equipment sector rose weekly were Jiangsu Luokai Mechanical & Electrical Co.Ltd (603829) , Chang Lan Electric Technology Co.Ltd(002879) and Sinostar Cable Co.Ltd(300933) respectively, and the three companies rose by 28.61%, 23.29% and 22.38% respectively. In terms of valuation, as of January 14, 2022, the pettm of power equipment sector was 49.74 times and the pbttm of power equipment sector was 6.42 times.
Zhou viewpoint of power equipment industry: on January 16, Longi Green Energy Technology Co.Ltd(601012) adjusted the official quotation of monocrystalline silicon and raised the prices of three p-type monocrystalline silicon, with an increase of 2.4% – 5.1%. Recently, an earthquake occurred in Qinghai. In the short term, it is expected that the silicon wafer supply of the two leaders will be affected to some extent. In addition to the impact of the earthquake, in January, the overall operating rate of the photovoltaic industry chain improved month on month, and the slight rise in silicon wafer prices also reflected the impact of the boost in stock demand during the Spring Festival. At present, some companies have disclosed the performance forecast for 2021, and it is recommended to pay attention to the enterprises whose performance continues to improve and are expected to benefit from the improvement of industry demand in the first quarter. It is recommended to pay attention to Hangzhou First Applied Material Co.Ltd(603806) (603806); Flat Glass Group Co.Ltd(601865) （601865）； Tongwei Co.Ltd(600438) （600438）； Longi Green Energy Technology Co.Ltd(601012) （601012）； Sungrow Power Supply Co.Ltd(300274) （300274）； Cecep Solar Energy Co.Ltd(000591) （000591）。
Risk warning: macroeconomic fluctuations affect downstream demand; The price of the industrial chain has risen sharply; Risks such as intensified industry competition; Electricity demand is lower than expected; The construction of new energy power generation is less than expected.
