Yang Delong: The performance growth of the clean energy sector after the disclosure of the listed company's semi -annual report was exposed

Yang Delong | Cube, everyone talks about column authors

Today is August 31st, the market in August has ended. On the whole, in August, the A -share market came out of the trend of shock adjustment. Market adjustment is mainly affected by multiple factors. From the perspective of the peripheral market, the Fed has accelerated the rate of interest rate hikes to cope with high levels of inflation, which has a certain impact on the global capital market. On the other hand, the epidemic situation in some areas has repeatedly suppressed consumption, which is not conducive to economic recovery.

Today, the Bureau of Statistics announced the data in August. In August, the manufacturing procurement manager index PMI was 49.4%, an increase of 0.4 percentage points compared with July, but it was still under the watershed. The strength is not great, so you can't take it lightly. The economic recovery is jointly promoted by various factors. In the first half of the year, due to the influence of exceeded factors in the first half of the year, the economic growth rate has significantly declined. The growth rate of GDP in the second quarter was only 0.4%, which was slightly higher than the first quarter. Growth is really not easy. The economy began to recover in the second half of the year, but there are still certain uncertainty. In August, the non -manufacturing business activity index was 52.6%, a decrease of 1.2 percentage points from last month. It is still in the expansion range. Non -manufacturing recovery growth for three consecutive months. In August, the comprehensive PMI output index was 51.7%, a decrease of 0.8 percentage points from the previous month, which is still higher than the critical point, indicating that the overall production and operation of Chinese enterprises continues to resume development. The strength is not great, affecting the performance of the broader market. Consumption is an area that is affected by the epidemic. In the era of the epidemic after layout, some consumer white horse stocks that are adjusted in place can be deployed low, because in the long run, the equity value of consumer white horse stocks is worthy of attention. Whether it is liquor or traditional Chinese medicine, Chinese medicine , Food and beverages are still tax -free. Once the epidemic is effectively controlled, the consumer sector may usher in the opportunity to recover.

New energy is a sector with a small impact on the epidemic and a higher prosperity, so the performance of the new energy sector has always been strong. When the market bottomed out on April 27, I suggest that you lay out new energy before layout of consumption. The new energy is the first to drive the index to drive the broader market out of the bottom area. In 2019, I proposed that new energy replace traditional energy is the general trend, which is a energy revolution. In terms of traditional energy, in addition to coal with reserves, we do not have much advantage in oil and gas. As the world's second largest economy, it is also a large energy consumption country. Our oil import dependence is as high as 70%. Once the oil crisis or petroleum embargo occur, it may have a great impact on our energy structure. Therefore, in order to control the autonomy of energy, we vigorously develop new energy sources such as photovoltaics and wind power, and my country has unique advantages in this regard. One is the advantages of the region. The vast desert and Gobi beach areas in the western part of my country are suitable for building a large number of photovoltaic and land wind power stations. The land acquisition costs for the construction of power stations in these desert areas are extremely low, and a large number of offshore wind power can be built in the eastern coastal cities. Second, technical in China, my country's photovoltaic and wind power technology is at the world's leading level. Due to the low production cost, more than half of my country's photovoltaic components are exported, occupying the larger market share of most European and American countries. The third is that in terms of policies, we have always strongly supported the development of new energy such as photovoltaic and wind power, and the country has introduced a series of support policies.

Although photovoltaic and wind power have developed rapidly in the past two years, it is still very low in terms of overall proportion. The total proportion of photovoltaic power generation in the entire power generation is only 3%, and the proportion of wind power is less than 5%. The two are less than 10%together, and 70%still rely on thermal power generation, that is, relying on coal power. According to the planning of relevant departments, by 2030, non -fossil energy consumption accounts for 25%, and non -fossil energy consumption will reach 80%in 2060, so the development space for photovoltaic and wind power will still be very large. The second quarter report of the Qianhai Open Source Clean Energy Fund I managed has been announced. The top ten heavy stocks are basically the leading enterprises such as the new energy vehicle industry chain, photovoltaic, wind power, and hydrogen energy. Investment Strategy. New energy vehicles have a high prosperity. Under the slowdown of traditional cars, the sales of new energy vehicles have doubled in the first half of the year. In July, it continues to double sales growth. New energy vehicles can replace traditional fuel vehicles. Increase the proportion of independent brands in my country and achieve curve overtaking. In the field of traditional fuel vehicles, there are almost no 400,000 independent brands in my country for sale, but in the field of new energy vehicles, more than 400,000 cars have many domestic brands. Among the overall sales of new cars, domestic brands account for more than half of the market share, which is an important national condition for our development of new energy vehicles.

Affected by the small amount of Buffett's minimum reduction in a leading new energy vehicle, the overall adjustment of the automotive sector has been adjusted. In fact, this is a short -term disturbance on the news. The prospect of development. my country's automobile industry has taken the way out of independent research and development and occupying most of the market share is an important national strategy. The trend of new energy vehicle development will not change. From the perspective of economic transformation, new energy and consumption are the two major directions of economic transformation. New Energy, as one of the few prosperous industries at present, has performed well in the semi -annual report. As of August 31, the announcement of the semi -annual report was close to the end, and most listed companies announced the semi -annual report. From the perspective of the semi -annual report, the main concentration of profit growth is in the field of new energy, including upstream resource stocks, and the profit growth is relatively outstanding. Gao Jingjiao has promoted the long -term development of the industry, so under the situation of fluctuations in the short term, we must focus on the medium and long term, and we must look at the long -term investment opportunities of clean energy with a larger overall situation. Responsible editor: Tao Jiyan | Review: Li Zhen | Director: Wan Junwei

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