Industry data
Lithium battery: lithium carbonate 349000 yuan / ton (7.06%); The ternary 622 precursor is 142000 yuan / ton (0.00%), and the lithium iron phosphate precursor is 22000 yuan / ton (0%); RMB 3.622 million yuan / ton (4.44%); Artificial graphite: 51500 yuan / ton (0%); nine μ M wet base film 1.35 yuan / m2 (0%); Lithium hexafluorophosphate 59000 yuan / ton (0.00%).
Volt: extra dense silicon material 240 yuan / kg (4.35%); Single crystal 166 silicon wafer 5.15 yuan / piece (4.04%); Single crystal perc166 cell 1.08 yuan / w (2.86%); Single crystal perc module 1.85 yuan / w (- 1.62%); Coated glass 3.2mm 25 yuan / m2 (0%); EVA adhesive film 15.50 yuan / m2 (0%).
Key announcement
Hunan Zhongke Electric Co.Ltd(300035) (300035) / Shenzhen Kedali Industry Co.Ltd(002850) (002850), Shenzhen Capchem Technology.Ltd(300037) (300037) / Guangzhou Tinci Materials Technology Co.Ltd(002709) (002709) / Beijing Easpring Material Technology Co.Ltd(300073) (300073) / Guangdong Jiayuan Technology Co.Ltd(688388) (688388) / Sunwoda Electronic Co.Ltd(300207) (300207) / Trina Solar Co.Ltd(688599) (688599) / Tbea Co.Ltd(600089) (600089) 2021 annual performance forecast
Sunwoda Electronic Co.Ltd(300207) (300207. SZ) joint venture Hengda mining signed the strategic cooperation agreement
Shenzhen Dynanonic Co.Ltd(300769) (300769. SZ) signed the investment agreement for the lithium supplement project with an annual output of 20000 tons
The holding subsidiary of Yunnan Energy New Material Co.Ltd(002812) (002812. SZ) signed the 2022 guarantee and supply framework cooperation agreement
Nuode Investment Co.Ltd(600110) (600110. SH) invested in the construction of a new production base of 100000 tons of copper foil materials
Market trend
Dianxin index rose by – 2.85%, ranking 19th in the industry; Since 2021, the absolute return of Galaxy stock pool is 86.32%, and the relative return is 49.91%.
Investment advice
In terms of new energy vehicles, 1) Contemporary Amperex Technology Co.Limited(300750) incoming power exchange; 2) In 2021, the shipment of lithium iron phosphate cathode materials in China increased rapidly; 3) European battery company freyr, a Norwegian battery company, invested in the construction of LFP battery; 4) A total of 229 new energy vehicles were recalled, involving 1.98 million vehicles; 5) In 2021, China Shipbuilding Industry Group Power Co.Ltd(600482) battery sales reached 186gwh; 6) The shipment volume of China Shipbuilding Industry Group Power Co.Ltd(600482) lithium battery in 2021 is 220gwh.
In terms of new energy power generation, 1) photovoltaic report card in 2021: 53gw new, including distributed 29, including 21.5gw for household use; 2) National Development and Reform Commission: the power generation will increase by 8.1% and the power consumption will increase by 10.3% in 2021; 3) Seven ministries and commissions issued the implementation plan for promoting green consumption to comprehensively promote the production and consumption of green electricity; 4) The National Energy Administration issued the guidelines for the establishment of 2022 energy industry standard plan; 5) US sanctions against Chinese photovoltaic enterprises have been upgraded; 6) Trade barriers continued to escalate, and India revised the ALMM order.
Investment strategy: China Shanxi Guoxin Energy Corporation Limited(600617) automobile has changed from policy guidance to consumption driven mode. Looking at the world, the European market will break out in 2020, China will achieve leapfrog growth in 2021, and the United States is expected to become the new main force in 2022. In the fields of superimposed energy storage, 3C, two wheeled vehicles and electric tools, the demand for lithium batteries is booming, and the prices of resources and materials are rising step by step. The dual carbon goal provides long-term deterministic guidance for renewable energy, and new energy has changed from centralized development to centralized and distributed development. In 2022, the photovoltaic industry will embrace the silicon material price reduction cycle, and the industrial chain price will gradually return to a reasonable range. Lithium battery is optimistic about battery leaders, overseas expansion of new customers and material manufacturers with tight supply and demand and strong bargaining power; It is suggested to grasp the three main lines of “inverter, integration and auxiliary materials”; The power grid field focuses on energy storage, distribution network, UHV, information system, etc.
Core recommended targets: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Beijing Easpring Material Technology Co.Ltd(300073) , Yunnan Energy New Material Co.Ltd(002812) , Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , Sungrow Power Supply Co.Ltd(300274) , Nari Technology Co.Ltd(600406) , Ming Yang Smart Energy Group Limited(601615) , Shenzhen Inovance Technology Co.Ltd(300124) .
