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China will build a new energy supply and consumption system. The concept of UHV and wind power will collectively boost the rise of Haili wind power
The concepts of wind power, UHV, energy storage and photovoltaic collectively rose during the session on the 26th. As of press time, in terms of wind power concepts, Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , Dajin Heavy Industry Co.Ltd(002487) limit, Shenyang Jinshan Energy Co.Ltd(600396) , Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) and other increases were ahead; In terms of UHV concept, Qingdao Huijintong Power Equipment Co.Ltd(603577) limit, Jiangsu Zhongtian Technology Co.Ltd(600522) , China Xd Electric Co.Ltd(601179) , Nari Technology Co.Ltd(600406) and other increases were higher; In terms of the concept of hydrogen energy, Beijing Jingcheng Machinery Electric Company Limited(600860) rose by the limit, Zhejiang Chunhui Intelligent Control Co.Ltd(300943) , Changchun Zhiyuan New Energy Equipment Co.Ltd(300985) and so on.
On the news side, the Political Bureau of the CPC Central Committee conducted the 36th collective learning on the afternoon of January 24 to strive to achieve the goal of carbon peak and carbon neutralization, and proposed to strengthen the planning and construction of a new energy supply and consumption system based on large-scale wind and solar power bases, supported by clean, efficient, advanced and energy-saving coal power around them, and supported by stable, safe and reliable UHV power transmission and transformation lines.
The State Grid previously said that the planned investment amount of the power grid this year is 501.2 billion yuan, and the UHV project and power grid digital construction will continue to be promoted as a key point. Industry insiders said that the number of UHV projects planned during the 14th Five Year Plan period is about 16, mainly DC lines, which are mainly responsible for transmitting new energy and helping to achieve the goal of “double carbon”. The contradiction between power supply and demand in China is prominent. With the rapid increase of power consumption in the eastern coastal areas and the increase of grid connection demand for new energy power generation in the west, the new demand of UHV power grid continues to increase.
Minsheng Securities pointed out that people are worried that the dual carbon target will be relaxed on the basis of steady growth, but from the perspective of relevant central policies recently, the policy guidance still firmly promotes the dual carbon target, continues to emphasize the energy revolution and is conducive to the overall development of new energy. Therefore, the current worries about the development of new energy have been fully digested. It is expected that with the intensive introduction of policies, the capacity expansion of the industrial chain will accelerate and the demand will be large. In 2022, the wind, light, storage, hydrogen and other industries will further accelerate their development on the basis of last year.
The export volume of increased significantly, and the concept of silicone rose strongly Ningbo Runhe High-Tech Materials Co.Ltd(300727) , Shandong Dongyue Organosilicon Materials Co.Ltd(300821) and so on
Silicone concept rose in intraday trading on the 26th. As of press time, Ningbo Runhe High-Tech Materials Co.Ltd(300727) , Shandong Dongyue Organosilicon Materials Co.Ltd(300821) , Yangzhou Chenhua New Material Co.Ltd(300610) , Chengdu Guibao Science & Technology Co.Ltd(300019) and other stock prices rose sharply. In terms of news, according to the customs data, in December 2021, the primary form polysiloxane exported 45000 tons, and the export volume reached a new high, with a year-on-year increase of 94.32% and a month on month increase of 11.33%. At present, most enterprises have sufficient orders on hand. Some orders have been placed after the Spring Festival, and the market demand is rising.
According to Zhuo Chuang and Baichuan, the weekly operating rate of the silicone industry has been about 80% since 2022, while the operating rate of the industry in the second half of 2021 was 80% or even more than 90%. Recently, some units have been restarted, and the output of DMC has increased slightly, but the supply is still in short supply. In terms of raw materials, the prices of methanol and industrial silicon are relatively stable, and it is expected to maintain stable operation in the later stage. On the demand side, the Spring Festival is coming, and the downstream factories begin to stock up before the festival. In addition, due to the production restriction expectation brought about by the approaching winter Olympic Games, the willingness to replenish positions is relatively strong.
Baichuan information pointed out that some early closing enterprises received small orders during the week, but due to the large number of orders received in advance, the tight supply situation in the market could not be alleviated, and the reluctant selling mood of cargo holders remained unchanged. The market price of silicone is still rising. The mainstream reference price of DMC is 31500-31600 yuan / ton, and the raw rubber and 107 rubber have exceeded 32000 yuan / ton. Approaching the Spring Festival holiday, the demand side shows signs of shrinking. Most downstream factories have completed the preparation operation and successively entered the delisting state. On the one hand, some enterprises with replenishment demand have difficulty in getting goods, on the other hand, they are hesitant to accept orders at the current high price, and their procurement enthusiasm before the festival is not high. On the whole, although the trading activities of the silicone market have cooled down, it is still in short supply. The short-term market support still exists, and there is sufficient confidence to support the price.
Guosen Securities Co.Ltd(002736) pointed out that overseas demand continued to be strong. From January to November 2021, China’s DMC exported 331000 tons, a year-on-year increase of 50.6%. It is expected that the annual export is expected to reach 370000 tons. It is suggested to focus on Hoshine Silicon Industry Co.Ltd(603260) with 730000 tons of industrial silicon capacity and 930000 tons of silicone monomer capacity, Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) with 500000 tons / year of monomer capacity, Tangshan Sunfar Silicon Industry Co.Ltd(603938) with 65000 tons / year of trichlorosilane capacity and Hubei Xingfa Chemicals Group Co.Ltd(600141) with 360000 tons / year of monomer capacity.
excellent companies that select traditional Chinese medicine consumer goods under the pressure of price increase and centralized purchase by many Chinese patent medicine enterprises are important ideas
According to China Central Television finance and economics, recently, a number of Chinese patent medicine enterprises announced an increase in drug prices due to the rise in the price of traditional Chinese medicine. Guangzhou Qingping traditional Chinese medicine market is the largest wholesale market of traditional Chinese medicine in South China. A merchant told reporters that at present, the price of most traditional Chinese medicine sold in the market is still rising, especially tonic medicine. Despite the sharp rise in the price of traditional Chinese medicine, the market sales volume increased instead of decreased. The person in charge of a Chinese herbal medicine e-commerce platform said that the sales of Chinese herbal medicine on the platform was about 30 billion yuan in 2021, an increase of 5% year-on-year. Insiders told reporters that the important reason for the general rise in the price of traditional Chinese medicine since last year is the mismatch between supply and demand. On the demand side, the recognition of traditional Chinese patent medicine has been significantly improved, and the demand is increasing; On the supply side, the price of traditional Chinese medicine continued to decline in the past few years, and the enthusiasm of farmers was not high, resulting in the decline of planting area, which had a certain impact on the supply of traditional Chinese medicine.
China Securities Co.Ltd(601066) believes that since 2021, the implementation speed of policies supporting the traditional Chinese medicine industry at the national level has been significantly accelerated. The State Administration of traditional Chinese medicine has given directional guidance on the construction of industry capacity and system; The state medical insurance administration and the administration of traditional Chinese medicine jointly issued the guiding opinions on medical insurance supporting the inheritance, innovation and development of traditional Chinese medicine, which requires deepening the reform of the medical security system and supporting and promoting the inheritance, innovation and development of traditional Chinese medicine; In terms of registration and approval, the state has vigorously promoted the inheritance and innovation of traditional Chinese medicine. The number of innovative traditional Chinese medicine, whether applied for registration or approved, has reached a record high. The varieties of new drugs approved in 2021 are widely distributed in the field of disease treatment. However, at the same time, the centralized collection of traditional Chinese medicine by local alliances is also being promoted. The follow-up market of traditional Chinese medicine will develop in depth, and the excellent companies that select traditional Chinese medicine consumer goods may be one of the important ideas. Recommend China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) and think that: 1. The company is a multi brand successful operation platform scarce in the market. The management team comes from the front line of business and has a deep understanding of the industry; The report quality is relatively healthy, and the recent implementation of equity incentive is also of positive significance to the development of the company. 2. The drag of prescription drugs on growth is coming to an end.
3. China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) can benchmark consumer goods companies, and the valuation is expected to gradually increase to 20-30 times.
China Greatwall Securities Co.Ltd(002939) recommended Tianjin Zhongxin Pharmaceutical Group Corporation Limited(600329) . Three varieties of Darentang were selected into the clinical application guide, and the curative effect of the product was fully recognized in the industry. Under the condition of continuous improvement of the company’s operation, the company has obvious advantages in medical resources, and the profit space needs to be further released. The company has a strong foundation for the improvement of valuation. It is expected that the dynamic PE of 25-35 times will be the central level of valuation in the future.
in 2021, the new installed capacity of wind power photovoltaic power generation in China will exceed 100 million KW, and the construction of large-scale wind and solar power base projects (with shares)
On January 25, the latest data released by the national energy administration showed that the newly installed capacity of wind power and photovoltaic power generation in China exceeded 100 million kW in 2021. On January 24, the 36th collective learning meeting of the Political Bureau of the CPC Central Committee proposed that the gradual withdrawal of traditional energy must be based on the safe and reliable substitution of new energy, and efforts should be made to plan and build a new energy supply and consumption system based on large-scale wind and solar power bases.
Huachuang Securities pointed out that on December 30, the SASAC issued the guidance on promoting the high-quality development of central enterprises and doing a good job in carbon peak and carbon neutralization, which made it clear to comprehensively promote the large-scale development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation, adhere to both centralized and distributed development, and give priority to the local and nearby development and utilization of wind energy and Cecep Solar Energy Co.Ltd(000591) , Accelerate the innovation, upgrading and characteristic application of intelligent photovoltaic industry. By 2060, the industrial system of green and low-carbon circular development of central enterprises and the clean, low-carbon, safe and efficient energy system will be fully established, and the energy utilization efficiency will reach the advanced level of world-class enterprises, forming the core competitive advantage of green and low-carbon.
To achieve the dual carbon goal, the focus is to build a new power system with new energy as the main body, vigorously develop new energy, promote the large-scale development and high-quality development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation, coordinate the construction of UHV power transmission channels, build a strong smart grid, and develop “new energy + energy storage”, the integration of source, network, load and storage, and multi energy complementarity. Firmly optimistic about investment opportunities in photovoltaic, wind power and energy storage sectors. Suggestions: 1) profit recovery logic of integrated component enterprises benefiting from the decline of silicon material price: Ja Solar Technology Co.Ltd(002459) , Longi Green Energy Technology Co.Ltd(601012) , Trina Solar Co.Ltd(688599) ; 2) Electrochemical energy storage battery enterprises Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) , Shenzhen Dynanonic Co.Ltd(300769) , Jiangsu Lopal Tech.Co.Ltd(603906) , Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Capchem Technology.Ltd(300037) with broad growth space in the future; 3) Inverter links that extend the outlet and superimpose energy storage and fast shutdown concepts: Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) , Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Ningbo Deye Technology Co.Ltd(605117) ; 4) Photovoltaic auxiliary materials with stable and good pattern: Hangzhou First Applied Material Co.Ltd(603806) , Flat Glass Group Co.Ltd(601865) ; 5) Relevant targets of new power system construction Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , etc.
auto parts stocks were active Bethel Automotive Safety Systems Co.Ltd(603596) , Guangdong Hongtu Technology (Holdings) Co.Ltd(002101) and other daily limits
Auto parts stocks had an active intraday trend on the 26th. As of press time, Wuxi Zhenhua Auto Parts Co.Ltd(605319) , Bethel Automotive Safety Systems Co.Ltd(603596) , Guangdong Hongtu Technology (Holdings) Co.Ltd(002101) and other limits rose, while Nanjing Chervon Auto Precision Technology Co.Ltd(603982) , Aofu Environmental Technology Co.Ltd(688021) , Ikd Co.Ltd(600933) , Guangdong Senssun Weighing Apparatus Group Ltd(002870) and other gains were higher.
Minsheng Securities pointed out that the penetration rate of electric vehicles exceeded 10% in 2021. As an important intelligent hardware, the electronic and electrical architecture of cars is changing from distributed to domain centralized. In the ten-year cycle, the penetration rate of intelligent electric vehicles has increased rapidly and is opening a new round of zhugra cycle in the industry. The first half of electrification has created a number of global leading companies such as Contemporary Amperex Technology Co.Limited(300750) . The second half of intelligence is expected to create a new batch of global leading auto parts enterprises in the next 10 years. The auto parts sector is the main investment direction of the production capacity cycle in the next 10 years.
Huafu Securities said that domestic parts enterprises benefit from the domestic substitution brought by the reshaping of supplier pattern after the rise of independent brands. Tesla‘s rapid expansion of production capacity in 2022 is conducive to the large-scale domestic supply chain. It is suggested to focus on Tesla‘s industrial chain, Ningbo Tuopu Group Co.Ltd(601689) , Ningbo Xusheng Auto Technology Co.Ltd(603305) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) ; Automobile lightweight, Wencan Group Co.Ltd(603348) , Ikd Co.Ltd(600933) .
new heavy position stocks of the fund surfaced and three industries were favored
The fourth quarter report of 2021 of public funds has just been disclosed, and the new heavy positions of the fund also surfaced. Data show that the fund’s new heavy warehouse stocks are mainly concentrated in raw materials, investment products and information technology industries. In the view of insiders, among the new heavy positions of the fund, the “holding stocks” held by multiple funds and accounting for a high proportion of circulating stocks will have a greater probability of winning the market under the current market background of intensified shocks.
According to the statistics of Tianxiang investment adviser, among the new heavy warehouse stocks of the fund in the fourth quarter of 2021, they are mainly concentrated in the raw materials, investment products and information technology industries. According to the data, as of the end of last year, among the top 50 heavyweight stocks newly entered by the fund, there were as many as 14 companies in the field of raw materials, mainly including Yantai Zhenghai Magnetic Material Co.Ltd(300224) , Guangdong Hoshion Aluminium Co.Ltd(002824) and Jiangsu Asia-Pacific Light Alloy Technology Co.Ltd(002540) in the non-ferrous sector and Nanjing Cosmos Chemical Co.Ltd(300856) , Anhui Anli Material Technology Co.Ltd(300218) , Jinan Shengquan Group Share Holding Co.Ltd(605589) , Phichem Corporation(300398) and Jiangxi Black Cat Carbon Black Inc.Ltd(002068) in the chemical sector.
There are 12 companies in the field of investment products, including Senci Electric Machinery Co.Ltd(603109) , Jiangxi Huawu Brake Co.Ltd(300095) , Runa Smart Equipment Co.Ltd(301129) and Shanghai Supezet Engineering Technology Corp.Ltd(688121) in the mechanical sector and Jolywood (Suzhou) Sunwatt Co.Ltd(300393) , Hangzhou Boiler Group Co.Ltd(002534) , Dongfang Electronics Co.Ltd(000682) and Baosheng Science And Technology Innovation Co.Ltd(600973) in the electrical equipment sector; There are 9 companies in the field of information technology, mainly Anhui Tongfeng Electronics Company Limited(600237) , Zhejiang Crystal-Optech Co.Ltd(002273) , Konfoong Materials International Co.Ltd(300666) , Shanghai Anlogic Infotech Co.Ltd(688107) . China Mobile has also entered the list of new heavy positions of the fund.
Among the new heavy warehouse stocks of the fund in the fourth quarter of last year, they also include Zhejiang Jingu Company Limited(002488) in the field of automotive aftermarket services, Zhejiang Supor Co.Ltd(002032) in small household appliances, Chongqing Taiji Industry (Group) Co.Ltd(600129) in the traditional Chinese medicine industry, and Zhende Medical Co.Ltd(603301) , Shinva Medical Instrument Co.Ltd(600587) and other medical device stocks. From the market value of positions, as of the end of last year, Shenzhen Desay Battery Technology Co.Ltd(000049) of the top 50 heavyweight stocks newly entered by the fund was held by 8 funds, with a market value of positions as high as 1.2 billion yuan; Three funds hold Jolywood (Suzhou) Sunwatt Co.Ltd(300393) 5093 million shares in heavy positions, with a market value of 970 million yuan; Wus Printed Circuit (Kunshan) Co.Ltd(002463) is held by 29 funds with a market value of 960 million yuan. In addition, Nanjing Vazyme Biotech Co.Ltd(688105) , China Mobile, Hangzhou Boiler Group Co.Ltd(002534) , Anhui Tongfeng Electronics Company Limited(600237) etc. are newly held by the fund, with a market value of more than 500 million yuan.
Among the top 50 heavyweight stocks newly purchased by the fund, five funds hold more than 10% of the circulating shares, of which Nanjing Vazyme Biotech Co.Ltd(688105) is held by 23 funds, accounting for 7.18 million shares, accounting for 21.72% of the circulating shares; Senci Electric Machinery Co.Ltd(603109) is held by four funds, accounting for 17.3% of the outstanding shares. There are also Shanghai Supezet Engineering Technology Corp.Ltd(688121) , Nanjing Cosmos Chemical Co.Ltd(300856) and Runa Smart Equipment Co.Ltd(301129) in which the shares held by the fund account for more than 10% of the circulating shares. In addition, there are 12 companies newly purchased by more than 10 funds at the same time, including China Mobile held by 89 funds, Wus Printed Circuit (Kunshan) Co.Ltd(002463) held by 29 funds, and Jiangxi Huawu Brake Co.Ltd(300095) held by 19 funds.
