On November 27, at the Bloomberg New Energy Finance Shanghai Summit, Qu Xiaohua, founder, chairman and CEO of Canadian Solar, a brand photovoltaic module manufacturer, said: "The photovoltaic industry is now in the 'strongest involution in history', so don't expect PV to have a particularly high single-watt profitability next year. ”
At present, overcapacity in the photovoltaic industry has been a common view of many people, and the imbalance between supply and demand caused by overcapacity will inevitably affect the future of photovoltaics, so it does not sound like a big problem now.
There are many reasons for today's situation: First, seasonal fluctuations, especially in the first and second quarters of this year, Europe has accumulated a lot of inventory, and the accumulation of inventory under the rapid fluctuation of the first day has made some global channel customers face greater impairment when shipping, in this case, delaying shipments from the second quarter to the third quarter. Second, the capacity growth rate of the entire industry exceeds the market growth rate, and some manufacturers are diluted in the case of more production capacity.
From the beginning of this year to the present, the actual installed capacity of the world has exceeded the target expectations at the beginning of the year, especially the Chinese market far exceeded the plan at the beginning of the year. According to data from the National Energy Administration, from January to October 2023, the new installed capacity of photovoltaic power generation in the country was 142.56 million kilowatts, a year-on-year increase of nearly 145%.
In the face of such a situation, the advice given by the economy is that we cannot over-demonize the overcapacity of PV, nor can we ignore the risks caused by the imbalance between supply and demand. For photovoltaic enterprises, what has changed is the relationship between supply and demand, and what has not changed is innovation. We must always stand at the forefront of innovation, continue to carry out the research and application of new high-efficiency and low-cost photovoltaic cell technology, ensure technological leadership, improve large-scale mass production capacity, and operate steadily in order to be invincible.
Concept market analysis(Report generated on December 01, 2023).
Concept DefinitionPhotovoltaic equipment refers to the machinery and equipment used in the production of raw materials, battery components, parts and other products by photovoltaic manufacturing enterprises, and basically maintains the original physical form and function in repeated use.
Photovoltaic equipment mainly includes five categories: silicon rod and silicon ingot manufacturing equipment, silicon wafer manufacturing equipment, cell manufacturing equipment, crystalline silicon cell module manufacturing equipment, and thin film module manufacturing equipment.
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Sector movements
List of constituent gainers
Financial Entity GraphThe financial entity graph automatically constructed by AI intuitively shows the constituent stocks of the photovoltaic equipment concept sector. The size of the circle reflects the market capitalization of the constituent stocks.
Conceptual information2023-11-30 Seize the PV track!Innova Laser: Next year, the second generation of BC laser film opening equipment will be launched
Article Summary:The company believes that the BC battery technology has the characteristics of a platform, and the structure of the BC battery has improved the complexity of the graphics, which is expected to further open up its efficiency improvement space by optimizing the battery structure design with the support of laser technology.
Recently, Innova Laser said on the "progress of BC laser film opening equipment" in the investigation of the institution that the first generation of equipment has passed the mass production verification, and the second generation of products will be launched next year.
2023-11-27 The Ministry of Industry and Information Technology will guide the rational layout of production capacity and accelerate the release of advanced photovoltaic production capacity
Article Summary:In recent years, the PV industry has expanded its production and technology iterations, i.e., the iteration of p-type to n-type PV technology, and the new advanced production capacity is basically n-type cell production capacity. In the future, there are also heterojunction perovskite cells, as well as BC batteries, which are in the process of active research and development.
From the demand side, the photovoltaic industry is expected to benefit from the easing of Sino-US relations. **The alleviation of friction has created more favorable conditions for the export of photovoltaic products. In addition, with the decline of modules, the yield of downstream power stations is expected to rise, which will further stimulate the rapid release of installed demand, and the installation of ground power stations with higher sensitivity is expected to accelerate. The data released by the National Energy Administration a few days ago also confirms this, and the new installed capacity of domestic photovoltaic is 53576GW, 142 new from January to October56GW, an increase of 84 over the same period of the previous year32GW, a year-on-year increase of 14478%, which has exceeded the installed capacity of the Photovoltaic Industry Association in 2023**.
While technology iteration has given rise to the development of new processes, the industry has also released huge demand for advanced capacity expansion and equipment replacement space. In the future, with the accelerated replacement of old and new production capacity, the industry's advanced production capacity will further promote the development of module enterprises and equipment enterprises, and enterprises with technological innovation advantages have the ability to go through the industry cycle and are expected to continue to benefit in the future.
2023-11-22 TZTEK: The company's graphic transfer equipment for photovoltaic copper plating process has been delivered to customers for trial
Article Summary:TZTEK said on the interactive platform on November 21 that the company's graphic transfer equipment for photovoltaic copper plating process has been delivered to customers for trial, and the product is still being developed and improved. The company also has more technical reserves for the photovoltaic industry in research and development.
Top 5 high-performing stocksThrough AI, 51 ** companies in the concept of photovoltaic equipment were analyzed in multiple dimensions, among which the 5 companies with the highest comprehensive scores of AI diagnosis stocks were: GoodWe, Aixu Shares, Daqo Energy, Jinlang Technology, and Gaoce Shares.
AI multi-dimensional scoring
2) Institutional rating statistics
In the past 12 months, 64 research reports issued by 22 research institutions have listed it as "** grade", and 13 research reports have listed it as "overweight" grade.
In the past 12 months, 26 research reports issued by 18 research institutions have listed it as "** grade", and 16 research reports have listed it as "overweight" grade.
In the past 12 months, 15 research reports issued by 12 research institutions have listed it as "**", and 10 research reports have listed it as "overweight".
In the past 12 months, 13 research reports issued by 8 research institutions have listed it as "** grade", and 5 research reports have listed it as "overweight" grade.
In the past 12 months, 7 research reports issued by 8 research institutions have listed it as "** grade", and 6 research reports have listed it as "overweight" grade.
Top 5 potential stocksThis section recommends concepts that are undervalued and have the potential to grow through multi-model stock prices. According to AI evaluation, the top growth potential of photovoltaic equipment concepts is: Jingsheng Electromechanical, Trina Solar, Junda Co., Ltd., Jinko Solar, and Almaden.
1) Valuation
The valuation of the top 5 PV equipment concept growth potential** is shown in the following table:
2) Growth
The net profit growth rate refers to the growth rate of the current net profit of the enterprise compared with the net profit of the previous period, and the larger the index value, the stronger the company's profit growth ability. The net profit growth rate of the current period (from high to low): JinkoSolar, Trina Solar, Jingsheng Electromechanical, Junda, Almaden.
3) Performance**
Almaden: It is expected that the net profit in 2024 will be 41.1 billion yuan, with an annual growth rate of 337%
Junda shares: It is expected that the net profit in 2024 will be 130.3 billion yuan, with an annual growth rate of 4063%
Jingsheng Electromechanical: It is expected that the net profit in 2024 will be 431.7 billion yuan, with an annual growth rate of 5291%
JinkoSolar: Net profit is expected to be 66 in 20243.3 billion yuan, with an annual growth rate of 3189%
Trina Solar: Net profit is expected to be 85 in 20241.7 billion yuan, with an annual growth rate of 7726%
Almaden: Expected earnings per share in 202402 yuan, with an annual growth rate of 691%
Junda shares: expected earnings per share in 2024 988 yuan, with an annual growth rate of 4236%
Jingsheng Electromechanical: Earnings per share are expected to be 337 yuan, with an annual growth rate of 553%
JinkoSolar: Earnings per share are expected to be 069 yuan, with an annual growth rate of 3269%
Trina Solar: Earnings per share is expected to be 409 yuan, with an annual growth rate of 8761%
Note: The appendix is from the intelligent report of the game digital app, which is automatically generated by AI.