The photovoltaic "100 billion club" adds new Ding Ding: Old 枥 光 枥, dark horse running attack

21st Century Economic Herald Submitter Fat Xinyi, Reporter Cao Enhui Shanghai Report

After a few months, the A -share photovoltaic "100 billion Club" welcomes new faces.

In the early morning of August 18, the photovoltaic sector strengthened. Jinlang Technology (300763.SZ) and Jingsheng Electromechanical (300316.SZ) have a new high in stock prices, and they are ranked among the 100 billion market value.

Among them, the inverter manufacturer Jin Lang Technology is a new face. This also means that after the Sunshine Power (300274.SZ), the A -share photovoltaic sector welcomes the second 100 billion market value inverter concept stock.

"Compared with other hundreds of billions of market value, Jinlang Technology has obviously received funds in this round of market and fry its stock price." An industry analyst told the 21st Century Business Herald reporter that the company said that the company was At present, the performance scale of all 100 billion photovoltaic companies is the smallest and the valuation premium is relatively high.

However, the market value of Jinlang Technology exceeds 100 billion yuan, which is precisely that the current photovoltaic track is very popular. Before 2021, the 100 billion market value company of the A -share photovoltaic sector was very scarce, with only 3. But since last year, under the fiery market, the number of 100 billion market value stocks in the photovoltaic sector has risen rapidly to reach double digits.

According to the statistics of the 21st Century Business Herald, as of the close of August 18, the market value of 12 photovoltaic stocks in A shares exceeded 100 billion yuan. In addition, the market value of 4 photovoltaic stocks exceeded the 100 billion mark.

100 billion market value photovoltaic stocks increase sharply sharply

If you want to ask which photovoltaic stocks with a market value of 100 billion yuan in A shares, this list will be very long.

Longji Green Energy (601012.SH), Tongwei (600438.SH), Sunshine Power, TCL Central (002129.SZ), Daquan Energy (688303.SH), Foster (603806.SH), Flelet (601865 .SH), Zhengtai Electric (601877.SH), Jing'ao Technology (002459.SZ), Tianti Optical Energy (688599.SH), Special Transformer (600089.SH) ... A total of 16 photovoltaic companies Both have entered the echelon of over 100 billion market value, showing their fists in the photovoltaic track.

According to the analysis of the 21st Century Business Herald, the collective "Back to A" since 2020 has contributed a number of resident customers to the 100 billion market duty echelon.

From 2004 to 2009, many Chinese photovoltaic manufacturing components, including Jingke Energy, Tiantu Optical Energy, Jing'ao Technology and Ates, have sought overseas financing and set off a wave of capital. However, since 2020, Tianhe Light Energy, Jing'ao Technology, and Jingke Energy have returned to A shares one after another, which has caused the A -share market to stir up its high valuation and high premium, and the market value has jumped over 100 billion yuan.

Among them, Jing'ao Technology took the lead in "back to A". In November 2019, the company officially landed on the A -share market. Two years later, on August 2, 2021, the market value of Jing'ao's technology jumped by 100 billion yuan, with a total market value of 10,00026 billion yuan, followed by Longji Green Energy, Tongwei, and Sunshine Power. As of the close of August 18, the company's market value exceeded 180 billion yuan, and the dynamic price -earnings ratio reached 68.6 times.

Also on August 18, the total market value of Tianhe Guangneng also exceeded 180 billion yuan, but its dynamic price -earnings ratio had reached 87.0 times.

The return of Tianheguangneng occurred in June last year. One year later, the company's stock price ushered in a big outbreak and exceeded 100 billion yuan at the end of July. In the second half of 2021, Tiansheng's stock price increased by 500%.

Since then, Daquan Energy and Jingke Energy "Back to A" rushed to the Science and Technology Board, which also set off a boom in stock price hype. And another component leader Ates is also waiting for the approval of the CSRC, but the industry generally believes that once it is listed, the market value exceeds 100 billion yuan is only a matter of time.

Since the beginning of this year, although the overall market of the A -share photovoltaic sector does not need to be a prosperous scene in the previous two years, it has even been collectively registered for individual stocks, and the stock price has plummeted. Especially in April of this year, many 100 billion market value photovoltaic companies have shrunk sharply, and some even have fallen below 100 billion.

Nowadays, the photovoltaic "100 billion market value club" adds a new face, indicating that the current market funds are trying to excavate all aspects of the industry chain.

In the early morning of August 18, the market value of Jinlang Technology and Jingsheng Mechanical and Electrical broke a new high. Among them, the latter, as a leader in photovoltaic equipment, has hovered several times at the edge of 100 billion market value.

Jinlang Technology ranked among the 100 billion market value echelons, which is closely related to the concept of the current inverter.

Since the beginning of this year, Jinlang Technology's stock price has risen by about 70%. Benefiting from the outbreak of overseas markets -due to the high level of electricity prices brought about by energy shortage, it has promoted the significant growth of European households' optical storage demand this year, and domestic inverter manufacturers have increased generally. In this regard, the research report released by Everbright Securities pointed out that "the company (Jinlang Technology) has rich product lines and excellent overseas channels, and the business of households and energy storage inverters has fully benefited from the improvement of European demand."

Many leaders are poured into high valuation bubbles

It is undeniable that the photovoltaic track covers all aspects of the industrial chain such as silicon, silicon wafers, battery films, components, power stations, auxiliary materials, equipment, etc. In April this year, the market value of the photovoltaic sector's stock fluctuations fluctuated more violently. Among them, the two past 100 billion shares of Flyt, photovoltaic glue film, and backplane leader of photovoltaic glass were frustrated.

Through the popularity of the photovoltaic industry, the "Double Blessing Brothers" achieved good results in 2021. Foster achieved operating income of 12.858 billion yuan, an increase of 4.464 billion yuan over the previous year; The annual increase of 2.453 billion yuan. On the road of domestically reduced costs, Flelet and Foster are also pioneers. In 2006, Flerat became the first company in China to break the technology and market monopoly of international giants to photovoltaic glass, and successfully achieved the localization of photovoltaic glass. Foster has gradually achieved domestic alternative of photovoltaic glue film since 2003, becoming the world's largest photovoltaic glue film supplier.

However, after all, the story of highlights, after all, the story of photovoltaic glass and auxiliary materials quickly lost its interest in the capital market. These two market value have fallen to a photovoltaic company below 100 billion yuan, waiting for new stories.

However, for several crystal electrical and electrical on the edge of the hundreds of billions of market value, it is waiting for a new chapter of the story.

As a leading equipment, the company also obtained the radiation effect of the photovoltaic industry, and the volume and price of product orders have risen. In the first half of 2022, the company was expected to achieve net profit attributable to shareholders of listed companies to 1.08 billion yuan to 1.25 billion yuan, an increase of 79.91%to 108.22%over the same period last year.

Recently, the A -share market has increased the hype of the concept of the new generation of photovoltaic battery technology. The competitiveness of Jingsheng Mechanical and Electrical in N -type silicon wafers has begun to gain capital attention again.

The research report released by Soochow Securities pointed out that in the long run, type N is the future development trend, and the production capacity of N -type silicon wafers requires the promotion of single crystal furnace equipment vendors. Development. "Jingsheng Mechanical and Electrical is expected to obtain a single -crystal furnace high market share with its technical advantages. Its semiconductor single -crystal technology reserves is rich and the production capacity equipment of photovoltaic N -type silicon tablets is not difficult."

The market value also fluctuates strongly, with special transformers and Zhengtai Electric.

July 5, 2022 is the most brilliant day of special transformation. On this trading day, the company's stock price exceeded a record high, and the closing market value reached 116.458 billion yuan.

However, in this round of the valuation of the photovoltaic sector this year, the special transformer has not been able to withstand the test of the residence -not only falls out of the "100 billion market value photovoltaic club", but also has shrunk significantly. Until June this year, the company returned to the ranks of 100 billion market value. However, in the past two months, the minimum market value of the stock price of special electricians has also been less than 90 billion yuan.

In fact, even in the most popular track, the "siege" effect of the photovoltaic industry chain still exists. For example, after the market value was frustrated, Zhengtai Electric decided to peel off the photovoltaic component manufacturing business and focus on the power station link.

Right now, the latest market value of Zhengtai Electric is only 78.904 billion yuan, which is more than 130 billion yuan from the highest point. To this end, while stripping the photovoltaic component manufacturing business, the "head of the person" of Zhengtai Electric's "head" Nancunhui proposed the "Blue Oceanic Plan", which intended to reverse the company's "increasing income increasing income" through this strategy and re -activated Zhengtai. The market value of electrical appliances.

Capital never sleeps, and the lineup of A -share photovoltaic "100 billion market value club" is not fixed. However, whether it is a strong stock price, the new dark horse that is 100 billion yuan, or the leading leader of the market value bubble, the A -share photovoltaic market will continue to interpret the test of the valuation of sadness and joy.

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