Photovoltaic: Longji raised the price of silicon wafer, and the price of the industrial chain showed a rebound trend. On January 16, Longi Green Energy Technology Co.Ltd(601012) announced the latest price of monocrystalline silicon on its official website. According to the price announcement, Longji monocrystalline silicon wafer p-type m10165 μ The price of m thickness (182 / 247mm) is 6.15 yuan / piece, an increase of 0.3 yuan / piece or 5.1% compared with the quotation on December 16. Monocrystalline silicon p-type m6165 μ The price of m thickness (166 / 223mm) is 5.15 yuan / piece, an increase of 0.12 yuan / piece or 2.4% compared with the quotation on December 16. Monocrystalline silicon p-type 158.75/223mm165 μ The price of m thickness is 4.95 yuan / piece, an increase of 0.12 yuan / piece or 2.5% compared with the quotation on December 16. In addition, according to the statistics of silicon industry branch and pvinfolink, the prices of silicon materials, silicon wafers and battery wafers increased comprehensively this week. PV installed capacity broke out at the end of the year, and household installed capacity maintained a high boom. On January 20, the National Energy Administration released the statistical data of the estimated installed capacity of photovoltaic power generation in 2021. In 2021, the new installed capacity of photovoltaic power generation was about 53gw, a year-on-year increase of + 10%. Among the new installed capacity of photovoltaic power generation, distributed photovoltaic power generation increased by about 29gw, accounting for about 55% of the total installed capacity of photovoltaic power generation. It exceeded 50% for the first time in history. The development trend of centralized and distributed photovoltaic power generation is obvious. In December 2021, the newly added PV installed capacity was about 18.17gw, with a month on month ratio of + 229.17% and a year-on-year ratio of – 18.5%. At the end of the year, the PV installed capacity exploded. In addition, in 2021, the installed capacity of household photovoltaic projects included in the scale of national financial subsidies was 21.6gw. After exceeding 10GW for the first time in 2020, household photovoltaic doubled to more than 20GW in 2021, including 5.09gw of newly added household installed capacity in December, with a month on month ratio of + 77.96%.
Wind power: many provinces have approved and publicized the scenery projects, and the scenery construction has been continuously promoted. On January 18, 2022, Guizhou Provincial Energy Bureau issued 24 wind power photovoltaic power generation projects approved for filing in December 2021, with a total installed capacity of 2.13gw, including 6 wind power projects, with a total of 399.9mw; Anhui development and Reform Commission has continuously reviewed and approved 10 wind power projects, with a total scale of 12.03gw. In addition, Lanzhou New Area issued the energy development plan for the 14th five year plan of Lanzhou New Area. The plan made it clear that by 2025, the installed capacity of renewable energy will increase from 67900 kW in 2020 to 2.9 million KW, including 200000 kW of roof photovoltaic power generation, 2 million kw of centralized photovoltaic power stations and 700000 kW of wind farms.
Industrial control: the overall investment in fixed assets maintained growth, and the manufacturing industry grew steadily. According to the data of the National Bureau of statistics, the completed amount of fixed asset investment in December 2021 was 5046.5 billion yuan, and the accumulated amount of fixed asset investment from January to December was 54454.7 billion yuan, with a year-on-year increase of 4.9% and a month on month decrease of 0.3 percentage points. In December 2021, the investment in fixed assets of manufacturing industry was 2552.4 billion yuan, and the cumulative investment in fixed assets of manufacturing industry from January to December was 24263.2 billion yuan, with a year-on-year increase of 13.5%, and the growth rate decreased by 0.2 percentage points month on month. The Siasun Robot&Automation Co.Ltd(300024) industry and work bed industry maintained growth. According to the data of the National Bureau of statistics, the industrial Siasun Robot&Automation Co.Ltd(300024) output in December 2021 was 35175 units, with a year-on-year increase of 15.1%; From January to December, there were 366044 sets, with a year-on-year increase of 44.9%, and the growth rate decreased by 4.1 percentage points month on month. In December, the output of metal cutting machine tools was 55000, with a year-on-year increase of 5.8%; From January to December, the total output was 602000 units, with a year-on-year increase of 29.2%, and the growth rate decreased by 0.7 percentage points month on month. China’s collaborative Siasun Robot&Automation Co.Ltd(300024) industry is developing rapidly, and downstream application scenarios continue to expand. According to Mir statistics, the sales volume of China’s cooperative Siasun Robot&Automation Co.Ltd(300024) from 2020 to 2021 was 7500 / 14100 units, with a year-on-year increase of 21.8% / 87.6%. In the post epidemic era, the industry recovered rapidly and the downstream demand continued to expand.
Investment proposal and investment object
The photovoltaic sector recommends Longi Green Energy Technology Co.Ltd(601012) (601012, buy), Tongwei Co.Ltd(600438) (600438, buy), Ja Solar Technology Co.Ltd(002459) (002459, buy), Shanghai Hiuv New Materials Co.Ltd(688680) (688680, buy), Hangzhou First Applied Material Co.Ltd(603806) (603806, buy). It is recommended to pay attention to Trina Solar Co.Ltd(688599) (688599, not rated); The wind power sector recommends Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) (300850, buy), Riyue Heavy Industry Co.Ltd(603218) (603218, overweight). It is recommended to pay attention to Titan Wind Energy (Suzhou) Co.Ltd(002531) (002531, Unrated), Dajin Heavy Industry Co.Ltd(002487) (002487, Unrated), Jiangyin Hengrun Heavy Industries Co.Ltd(603985) (603985, Unrated), Ningbo Orient Wires & Cables Co.Ltd(603606) (603606, Unrated).
Risk tips
The growth of photovoltaic industry is less than expected; The growth of wind power industry is less than expected; The industrial control industry grew less than expected.
