Photovoltaic sector weakened, NC, Follett fell by intraday limit – yqqlm

On April 21, the photovoltaic sector fluctuated downward. By noon,On-machine CNC、Follettdown,Sungrowfell more than 7%,Zhongli Group、LONGi、Central SharesWait for multiple stocks to fall.

On the news side, on the evening of April 19, the leader of photovoltaic invertersSungrowAnnouncement yearperformancethe yearOperating incomeIt was 24.137 billion yuan, a year-on-year increase of 25.15%; attributable to listed companiesshareholderofnet profitIt was 1.583 billion yuan, a year-on-year decrease of 19.01%.

By business,SungrowThe revenue of power conversion equipment such as photovoltaic inverters was 9.05 billion yuan, a year-on-year increase of 20.44%, accounting for 37.5% of the main income; the power station investment and development income was 9.68 billion yuan, a year-on-year increase of 17.65%, accounting for 40.10% of the main income.

CICCIt is believed that Sungrow’s performance is lower than expected, and its net profit forecast for the full year of 2022 is lowered.

CITIC SecuritiesSaid that the demand for photovoltaics continued to improve.With the support of the policy, the goal of “Double Carbon” has been clearly developed, and the domestic distributed power station and large-scale base projects are steadily advancing. It is expected that the domestic ground power station market will also be gradually launched in Q2 this year. The overseas PV market demand is improving, and the European market has some The obvious pull, the production schedule and price of the industry chain effectively reflect the strong terminal demand, thereby driving the increase in shipments.ChangheProfitability improvement in some segments.

Huatai SecuritiesIt is believed that in the context of the gradual maturity of photovoltaic power generation technology and the gradual decline of investment costs, the competitiveness of photovoltaics in various types of renewable energy has been relatively improved. It is estimated that in 2025, the world‘s newly installed photovoltaic capacity is expected to reach 400GW, with a CAGR of about 24% in 2021-2025.