China Times (www.chinatimes. Net.. CN.) Reporter Lu Xiaoxiao reports from Beijing
This week (January 17-21), the photovoltaic equipment sector fell 4.51%, with a turnover of 99.288 billion yuan, an amplitude of 7.49% and a turnover rate of 8.31%. Among the 10 enterprises monitored by Huaxia times, only Sungrow Power Supply Co.Ltd(300274) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , Hangzhou First Applied Material Co.Ltd(603806) rose, while the other seven declined. Among them, Flat Glass Group Co.Ltd(601865) has the highest decline, with a weekly decline of 5.91%, followed by Longi Green Energy Technology Co.Ltd(601012) , with a decline of 4.10%, and Tongwei Co.Ltd(600438) and Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) have a decline of more than 3%.
the performance of photovoltaic enterprises is expected to be better
Recently, a number of photovoltaic enterprises have successively released annual performance forecasts. Holding silicon as the king is still the annual keyword, and the performance of silicon material enterprises has increased rapidly. According to the performance forecast released by Tongwei Co.Ltd(600438) , the company expects to realize a net profit attributable to shareholders of listed companies of 8-8.5 billion yuan in 2021, with a year-on-year increase of 122% - 136%. After deducting non recurring profits and losses, the company expects to realize a net profit attributable to shareholders of listed companies of 8-8.5 billion yuan in 2021, with a year-on-year increase of 232% - 253%.
Tongwei Co.Ltd(600438) according to the analysis, in 2021, benefiting from the growth of downstream demand, high-purity crystalline silicon products were in short supply, and the market price increased significantly year-on-year. The company's high-purity crystalline silicon capacity continued to operate at full capacity, the production and sales volume increased year-on-year, various production indicators were further optimized, and the profit increased significantly. At the same time, the company's Cecep Solar Energy Co.Ltd(000591) battery and feed business segments operated steadily and maintained strong market competitiveness.
Tbea Co.Ltd(600089) it is estimated that the company will realize a net profit of RMB 6.8 billion to RMB 7.3 billion attributable to shareholders of Listed Companies in 2021, with a year-on-year increase of 173.44% - 193.54%; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is RMB 5.600 billion-6.100 billion, with a year-on-year increase of 204.98% - 232.21%.
Tbea Co.Ltd(600089) according to the analysis, the sales volume of polysilicon products in the reporting period of the company increased compared with the same period in 2020 and the price of polysilicon products increased significantly year-on-year. At the same time, the scale and power generation of the company's wind power and photovoltaic self operated power stations increased, and the net profit of the company's holding subsidiary new special energy in the reporting period increased significantly compared with the same period of the previous year.
The performance forecast of Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) 2021 shows that the annual profit of the company is 1.58 billion yuan – 1.84 billion yuan, an increase of 84.11% - 114.41% over the same period of the previous year. Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) according to the analysis, the downstream silicon wafer manufacturers in the photovoltaic industry have actively promoted the production expansion progress. The company has actively grasped the market opportunities, continuously improved the equipment delivery capacity, strengthened the technical service quality, and achieved a significant year-on-year increase in order volume, operating revenue scale and operating performance.
China's grid connected installed capacity of photovoltaic power generation exceeded 300 million KW
According to the data released by the national energy administration, China's newly added photovoltaic power generation grid connected installed capacity was about 53 million kW in 2021, ranking first in the world for nine consecutive years. By the end of 2021, the installed capacity of grid connected photovoltaic power generation had reached 306 million KW, breaking the 300 million KW mark, ranking first in the world for seven consecutive years.
In the first year of the 14th five year plan, the construction of photovoltaic power generation achieved new breakthroughs, showing three new characteristics. First, distributed PV reached 107.5 million KW, exceeding 100 million KW, accounting for about one third of the total grid connected installed capacity of photovoltaic power generation. Second, among the newly installed grid connected photovoltaic power generation, distributed photovoltaic power generation increased by about 29 million KW, accounting for about 55% of the total newly installed photovoltaic power generation, exceeding 50% for the first time in history. The development trend of both centralized and distributed photovoltaic power generation is obvious. Third, among the newly added distributed PV, household PV will exceed 20 million kW in 2021, reaching about 21.5 million KW after exceeding 10 million KW for the first time in 2020. Household PV has become an important force for China to achieve the goals of carbon peak and carbon neutralization as scheduled and implement the strategy of Rural Revitalization. Recently, the global module shipment ranking of photovoltaic enterprises in 2021 was released. According to the statistics of InfoLink supply and demand database, after Longji ranked first in 2020 and still ranked first in 2021, it is estimated that the total shipment of domestic and foreign components far exceeds the second place by more than 10GW, while the basic module shipment of top 5 manufacturers is more than 10GW. The second place is Trina Solar and Jingao, in which overseas shipments account for about 65% of Trina Solar's total shipments, and high-power component shipments reach 15gw + in 2021; Jingao's stable layout shows more advantages in operation management under the environment of soaring costs, and overseas shipments account for about 65%. After the listing of Jingke in the second half of the year, the shipment volume caught up quickly and ranked fourth this year. The following are atlas, Risen Energy Co.Ltd(300118) , Hanhua Q-Cells, first solar, Suntech and Chint.
The shipping members of TOP10 are basically the same as those in 2020, while the shipments of manufacturers after TOP10 fall to the level of 3-4gw, which also shows that the differentiation between manufacturers is obviously widening. From the trend of 2021, there is still a high degree of centralization of component links, which is bound to make it more difficult for small and medium-sized component manufacturers to survive. According to InfoLink's analysis, it is expected that the subsequent component links will follow the expansion of type n. some manufacturers still have a large number of battery and component expansion plans. At present, it is not ruled out that the price competition will repeat in the second half of the year. Superimposed on the impact of the shortage of raw materials, small and medium-sized component manufacturers still have to face the test of market share, sluggish start-up and profit.
Industry veterans told the Huaxia times that the photovoltaic industry will embark on the road of centralization. We don't know how long it will be in the future, but this day will come. Enterprises should prepare for this day. If they don't enter the top few, they will have no right to speak. We should know what we are facing in the next stage.
