Yang Delong: The semi -annual newspaper affairs ended in the clean energy sector.

Zhongxin Jingwei September 1st Question: The semi -annual newspapers ended in the clean energy sector.

Author Yang Delong Qianhai Open Source Fund Chief Economist

The semi -annual report in August has ended. On the whole, in August, the A -share market in August has gone out of the trend of shock adjustment. Market adjustment is mainly affected by multiple factors. From the perspective of the peripheral market, the Fed accelerated the intensity of the rate hikes to cope with the level of high 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. Is not conducive to economic recovery.

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. 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, China does not have much advantage in oil and gas. As the world's second largest economy, it is also a large energy consumption country. The dependence of oil imports of oil is about 70%. Once the oil crisis or oil embargo occur, it may have a great impact on our energy structure. Therefore, in order to control energy autonomy, China has vigorously developed new energy sources such as photovoltaics and wind power, and China has unique advantages in this regard. The first is the advantages of the region. The vast desert and Gobi beach areas in western China 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. The second is technical advantages. China's photovoltaic and wind power technology is at the world's leading level. Due to the low production cost, Chinese photovoltaic components occupy most of the largest market share in Europe and the United States. The third is the policy advantage. We have always supported the development of new energy such as photovoltaic and wind power, and 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. According to the planning of relevant departments, by 2030, non -fossil energy consumption accounts for 25%, and non -fossil energy consumption will reach more than 80%in 2060, so the development space of photovoltaic and wind power will still be very large.

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. (Zhongxin Jingwei APP)

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