Which industries are worth investing in in the next 10 years? The first thing I thought of was the new energy industry in the context of carbon neutral carbon peak .
China has solemnly promised to peak carbon emissions in 2030 and achieve carbon neutrality in 2060. So in the next ten years, China will change its energy structure, vigorously develop clean energy, and gradually replace thermal power generation with large carbon emissions.
The new energy industries I look at include photovoltaics, wind power and energy storage. The potential of wind power to reduce costs and increase efficiency is not as good as that of photovoltaics. Energy storage is developing rapidly, but it is still in the conceptual stage of speculation. The growth of leading companies needs to be observed.
so At present, the one I am most optimistic about is photovoltaic .
Since 2019, due to the continuous decline in costs, the global price of photovoltaic power generation has gradually approached that of thermal power and hydropower. In 2021, domestic photovoltaic power grid parity will be achieved. It is expected that the cyclicality caused by subsidy changes will gradually subside, and the industry will gradually change from a large-year trend to a growth industry with steady growth. The industry's growth center has the foundation to move upward, and the compound growth rate in the next five years is expected Reach 20%. The support of policies such as “County-wide Promotion” has also allowed China’s photovoltaic installed capacity to grow.
As can be seen from the figure, domestic photovoltaic installed capacity will grow rapidly in the next five years. In addition, overseas markets also use a large number of photovoltaic modules produced in China. This can all contribute to the performance of Chinese photovoltaic companies.
Li Zhenguo, the boss of LONGi , said at an event some time ago: "Three years ago I said that by 2030, the global new installed capacity of photovoltaics will reach 1,000GW every year. Many people think I am still quite radical, but now I stand Looking back from the perspective of carbon neutrality , 1000GW will not be enough by 2030. Therefore, the photovoltaic industry chain involves its own industrial silicon , polysilicon , rods, slices, and battery components. , as well as the auxiliary materials glass, aluminum frame, film and the companies that will equip it in the future, ”
will be the most competitive solar photovoltaic company in the world. Boss, this point of view is worthy of attention.
The photovoltaic industry is a typical technology, capital and labor-intensive industry. Behind this is the continuous progress of technology and the continued development of economies of scale. The photovoltaic industry chain is long and complex.
So, which link is the easiest to sell bullish stocks? Which company deserves attention?
The above are leading companies in the photovoltaic industry chain. They have many stocks. Do you feel familiar when you see them?
Since Chinese photovoltaic companies are globally competitive, they must choose companies that also perform well in overseas markets. The proportion of overseas market revenue is a good observation indicator.
Let me talk about a few promising companies. Their stock price performance in the past three years has been very amazing:
, $ Longi Green Energy Technology Co., Ltd. (SH601012) $ - an integrated leader from silicon wafers to component manufacturing. The company is mainly engaged in the research and development, production and sales of monocrystalline silicon rods, silicon wafers, cells and components, and provides products and system solutions for the development of photovoltaic centralized ground power stations and distributed rooftops. The company's main products are solar modules and cells, silicon wafers and silicon rods, power station construction and services, and electricity. The company is the world's largest monocrystalline photovoltaic product manufacturing enterprise integrating R&D, production, sales and service.
The company’s revenue in 2020 exceeded 50 billion yuan, and it is expected to exceed 100 billion yuan this year, and achieve a net profit of more than 10 billion yuan. The current total market value exceeds 400 billion yuan. He is recognized as a leader in the photovoltaic sector.
, $ Sungrow (SZ300274)$ - New energy power equipment leader
Sungrow Power Co., Ltd. is a company focusing on the research and development, production, sales and service of new energy power equipment such as solar energy, wind energy, energy storage, and electric vehicles. high-tech enterprises.The main products are photovoltaic inverters , wind power converters, energy storage systems, new energy vehicle drive systems, water surface photovoltaic equipment, and smart energy operation and maintenance services.
It is worth mentioning that Sungrow Power 's business spans photovoltaics, wind power, and energy storage. It is now the inverter brand with the highest shipment volume in the world. Huawei time has helped the company increase its global market share. The stock price has performed very well in the past two years.
, $ Foster (SH603806)$ - the leader in photovoltaic auxiliary materials, adhesive film
Hangzhou Foster Applied Materials Co., Ltd. 's main business is the research and development of solar cell adhesive film and solar cell backsheet , production and sales. The company's main products are photovoltaic films, photovoltaic backsheets, and photosensitive dry films for electronic materials. The company belongs to the packaging materials field of the photovoltaic industry and is a leading enterprise in photovoltaic packaging materials in the world.
No matter which photovoltaic company produces photovoltaic modules, they must use EVA and POE film packaging. Foster , as a leading company accounting for more than 50% of the global market (such a market share is rare), will benefit from the growth in demand for photovoltaic films in the long term.
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Of course, even if the company is good, the purchase price must be good in order to obtain considerable investment income.
After nearly two years of growth, the current price-earnings ratios of the three companies are not low. The lowest Longi shares also has a rolling price-earnings ratio of 42 times. If you buy it at the current price, you need to be cautious . The copyright of
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Risk Warning: The views mentioned in this article only represent personal opinions, and the subject matter involved is not recommended. Buying and selling based on this is at your own risk.
