Topic 1: photovoltaic silver paste
The demand for photovoltaic silver paste increases, and the unit silver paste consumption of various types of photovoltaic cells decreases, which will continue to decrease in the future. The market share of n-type photovoltaic cells is expected to gradually increase, and the amount of silver paste per unit cell is significantly higher than that of the mainstream p-type cells. From 2020 to 2025, the compound growth rate of global and Chinese silver slurry demand may reach 13% and 11%.
Topic 2: offshore wind power
Based on the outstanding advantages of offshore wind power, despite the withdrawal of central financial subsidies since 2022, the power of provinces to develop offshore wind power remains unchanged. Because it is the optimal solution under the comprehensive consideration of multiple factors, Guangdong Province even issued provincial subsidies to support development.
Green economy and Finance
Seven departments including the national development and Reform Commission issued the implementation plan for promoting green consumption.
Carbon emission trading: the national carbon price rose slightly, with the highest trading volume in Guangdong.
Green energy index: showing a downward trend, outperforming the CSI 300 index.
Carbon neutral theme Fund: withdraw more in the month, and the return rate is all negative in the year.
Traditional energy and environmental protection
In December, the power consumption decreased by 2.2% year-on-year; The price of thermal coal rose and the price of crude oil rose.
New energy and power equipment
The weekly average price of polycrystalline silicon compact increased by 1.7% month on month, the price of M6 monocrystalline silicon increased by 4% month on month, and the price of M6 battery increased by 3.4% month on month.
New materials and nonferrous metals
The price of energy metal lithium continued to rise, and the price of industrial metal fluctuated upward.
Investment advice
Electric power and public utilities: it is recommended to pay attention to relevant companies in clean energy technology, carbon monitoring and other businesses; The increase of electricity price is conducive to the performance improvement of power plants. It is recommended that China National Nuclear Power Co.Ltd(601985) , China Yangtze Power Co.Ltd(600900) , Sdic Power Holdings Co.Ltd(600886) , China Three Gorges Renewables (Group) Co.Ltd(600905) , Shenergy Company Limited(600642) .
Coal: recommend China Shenhua Energy Company Limited(601088) , Guizhou Panjiang Refined Coal Co.Ltd(600395) , and pay attention to Shan Xi Hua Yang Group New Energy Co.Ltd(600348) .
New energy: in terms of photovoltaic, it is suggested to pay attention to silicon wafer consumables (diamond wire and thermal field), tracking support and other links with a relatively good pattern; In terms of wind power, it is suggested to pay attention to the whole wind power plant and parts that can effectively transmit the price rise of raw materials to the downstream.
New materials: it is suggested to focus on the leading energy metal enterprises Zhejiang Huayou Cobalt Co.Ltd(603799) , Tianqi Lithium Corporation(002466) , Chengxin Lithium Group Co.Ltd(002240) , Nuode Investment Co.Ltd(600110) benefiting from carbon neutralization and rapid growth in demand.
Nonferrous Metals: focus on the continuous release of future production capacity Zijin Mining Group Company Limited(601899) .
