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: 53gw of photovoltaic installed capacity and 29gw of distributed installed capacity were added throughout the year, making household installed capacity the biggest highlight. According to the national energy administration, China’s new photovoltaic grid connected capacity in 2021 is about 53gw. From the perspective of installed structure, the new distributed installed capacity reaches 29gw, surpassing 24gw of centralized power stations for the first time. The distributed attribute of photovoltaic energy is further highlighted, which is expected to accelerate the diversified and decentralized development of photovoltaic installed capacity; In terms of household installed capacity, benefiting from the continuation of the county’s promotion policies and household subsidies, China’s household installed capacity ushered in rapid growth. In 2021, the new grid connected capacity was 21.6gw, nearly doubling year-on-year growth. With the gradual improvement of downstream user awareness, it is expected that the high growth will continue. It is recommended to pay attention to polysilicon material and battery chip 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 technology 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: in 2021, the competitive allocation of more than 200GW wind power projects will be completed. According to the incomplete statistics of Fengmang energy, in 2021, more than 200GW of scenery projects completed competitive configuration (excluding large base and integration projects), including 65.21gw of wind power and 135.02gw of photovoltaic power. In addition, the superposition of two batches of large base projects has been launched one after another. At present, the scale of China’s reserve new energy projects is relatively abundant, which is expected to drive the high growth of wind power photovoltaic installed capacity in the next two years. 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 performance growth 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: Contemporary Amperex Technology Co.Limited(300750) released evogo, a power replacement brand, and launched a special battery for power replacement, which is suitable for most pure electric vehicles in the world. On January 18, Contemporary Amperex Technology Co.Limited(300750) wholly owned subsidiary times electric service held a press conference to launch the power exchange service brand evogo and the overall solution of combined power exchange. Evogo power exchange service will be launched in the first batch of 10 cities. In order to realize shared power exchange, Ningde launched a specially developed mass-produced battery, which adopts CTP technology, with a weight energy density of more than 160wh / kg and a volume energy density of more than 325wh / L. a single battery can provide a endurance of about 200km, and can adapt to 80% of the models developed by the pure electric platform that have been listed in the world and will be listed in the next three years. When users change power, they can freely combine batteries according to different use scenarios, which can be increased or decreased. On January 21, the national development and Reform Commission and other ten departments issued the implementation opinions on further improving the service guarantee capacity of electric vehicle charging infrastructure. This document clearly mentioned that we should promote the unification of power exchange standards, support the exploration of power exchange station layout and shared power exchange mode, and the power exchange mode is expected to enter the fast lane of development. The power change mode has the advantages of short charging time, prolonging battery life, reducing the impact on the power grid and reducing the user’s initial purchase cost. From the perspective of user experience, it is closest to the traditional fuel vehicle refueling mode, which can effectively solve the problems of long charging time and power anxiety, and is a good supplement to the energy supplement form. With the continuous promotion of policies, industry leaders such as main engine manufacturers, battery manufacturers and traditional energy giants take the lead in entering the Bureau. In the medium and long term, the scale of power exchange market is at the level of 100 billion, and there is a large growth space. In terms of recommendation, 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) are recommended.
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.
