The construction of the "scenery" base continued to advance, and the valuation of the photovoltaic sector fell back to a low level.

165438+1October14th, at the press conference of the fourth quarter of the national energy administration, Wang Dapeng, deputy director of the new energy and renewable energy department, said that the high-quality leap-forward development of renewable energy would be promoted during the tenth five-year plan period. In terms of production, optimize the development mode and develop renewable energy on a large scale. Vigorously promote the base development of wind power and photovoltaic power generation in the "Three North" areas, actively promote the distributed development of wind power and photovoltaic power generation in the central and southeastern regions, promote the integrated development of water and landscape comprehensive bases in the southwest region, and actively promote the cluster development of offshore wind power in the eastern coastal areas.

He also said that the first batch of large-scale wind power photovoltaic bases have all started, and the second batch of projects are starting one after another. At present, the third batch of project review is being promoted.

Installed capacity of renewable energy in China

marked increase

According to the previously published information, the list of the first batch of large-scale wind power photovoltaic base construction projects involves Inner Mongolia, Qinghai, Gansu and other 19 provinces, with a total scale of 97.05GW. The second batch of wind power photovoltaic bases is concentrated in the "Three North" area. Founder Securities said that the total scale of the second batch of wind power photovoltaic bases reached 455GW, which was significantly higher than the first batch.

Regarding the third batch of wind power photovoltaic bases, CITIC Securities reported that some provinces have issued the third batch of application documents for scenic spots. Judging from the documents issued by the two provinces at present, the base project still adheres to the intensive and integrated development, and it is required to start construction no later than the first half of next year and be put into operation before the end of 2024.

The data shows that the installed capacity of wind power and photovoltaic power generation in China is obviously higher than that of thermal power and hydropower. In terms of cumulative installed capacity, since February 20021year, the cumulative year-on-year growth rate of installed capacity of wind power and photovoltaic power generation has remained above 15%, of which the year-on-year growth rate of photovoltaic power generation has always exceeded 20%, and the growth rate has continued to expand this year, exceeding the growth rate of wind power installed capacity.

Chuancai Securities said that it is expected that the overall effective supply of the photovoltaic industry chain will increase in the fourth quarter. Under the background of continued strong global demand for photovoltaic installed capacity, the industry chain is expected to achieve a double harvest of quantity and profit. In terms of wind power, with the scenery base project and offshore wind power project entering the accelerated stage, the wind power boom is expected to continue to improve, and wind power enterprises are expected to usher in an increase in volume and profits.

P/E ratio of photovoltaic equipment plate

At a low level in the past two years.

165438+1October15th, the overall performance of the new energy sector was bright, with an average increase of 2.7%. Saiwu Technology and Wang He Electric had daily limit, and 9 shares including Dike, Mingguan New Materials and Aixu rose more than 5%.

According to the statistics of Securities Times and Datanewspaper, after the early callback, the valuation of some listed companies in the power equipment sector is at the bottom of the stage. Calculated by the holistic method, the current rolling P/E ratio of photovoltaic equipment industry is 30.2 times, which is at a low level in recent two years, and the peak value reaches 89.5 times in August of 202 1. The latest rolling P/E ratio of wind power equipment is 27.76 times, which is still far from the peak of 33.65 times a year ago.

The data shows that since June 5438+00, the P/E ratio of 2 1 new energy concept stocks has reached a low value in the past two years, including 7 stocks with a market value of 100 billion, including Longji Green Energy, Tongwei Shares and Jingke Energy. Photovoltaic equipment stocks accounted for the highest proportion. In the sub-sectors, silicon wafers, photovoltaic accessories, battery components and inverter sectors are all listed, and only Sany Heavy Industry is listed in the wind power equipment.

Longji Green Energy 165438+ 10/5 rose 1.3 1%, with the latest rolling P/E ratio of 29.08 times, which is lower than the overall industry valuation and the lowest value of the company since August 2020. Longji Green Energy recently said in an investor survey that the company insists on promoting industrial progress through technological innovation, continuously increasing investment in research and development of new technologies and promoting the construction of advanced production capacity. Since April, 20021,the company has set a world record for the conversion efficiency of1secondary battery. In September, 2022, the company's annual output of 15GW high-efficiency single crystal battery project was put into production, marking the official entry of the company's new battery technology HPBC into the mass production stage.