The Renewable Energy Law promulgates 12 potential stocks

Details of the Renewable Energy Law will introduce subsidies for the purchase of electricity from renewable energy

According to Ren Dongming, deputy director of the Renewable Energy Development Center of the Energy Research Institute of the National Development and Reform Commission, the amendment to the Renewable Energy Law has changed significantly from the previous bill, and the relevant supporting rules need to be issued urgently. The main supporting rules are the measures for the Management of Renewable Energy quota system and the measures for the Management of Renewable Energy Development Fund. Ren Dongming disclosed the above information in the green competitive marketing lecture held by Sohu Green.

The revised bill, which came into effect last month, stipulates that the country will implement a fully guaranteed acquisition system for renewable energy generation. Ren Dongming said that this kind of indemnificatory acquisition is a foreign quota system, that is, power companies are required to purchase a certain amount of electricity from renewable energy, or a certain proportion of electricity generated by power generation companies comes from renewable energy. At present, the relevant departments are studying and formulating management measures for this quota system.

The Renewable Energy medium-and long-term Development Plan once stipulated that the total installed capacity of non-hydropower renewable energy owned by investors with a total installed capacity of more than 5 million kilowatts should reach more than 3% and 8% of their total installed capacity by 2010 and 2020, respectively.

However, according to Ren Dongming, due to the lack of specific legal requirements, it was not realized in the process of implementation. In the proposed management measures, there will be clear proportion requirements, especially for power grid enterprises to solve the problem that power grid companies are unwilling to purchase renewable energy in the process of large-scale grid connection of wind power and solar power.

Ren Dongming also said that this is not forcing the power grid to purchase renewable energy, and the Ministry of Finance has drafted the collection and management measures for the "Renewable Energy Fund", which may be released in the near future. The fund will share the cost of purchasing renewable energy from the grid, giving the grid the incentive to complete the acquisition. The funding sources of the fund include special funds arranged in the national fiscal year and additional income from electricity prices for renewable energy levied in accordance with the law.

According to Ren Dongming, the government hopes to use the fund to support the smart grid, off-grid power generation in remote areas, and the research and development of various new technologies. (Li Yangdan, China Securities News)

The proportion of renewable energy in China is expected to reach by the end of this year.

Xie Zhenhua, vice minister of the National Development and Reform Commission, said at the International Cooperation Conference on Green economy and Climate change on the 8th that by the end of this year, China is expected to achieve the target of reducing energy consumption per unit of GDP by 20% compared with 2005, and the proportion of renewable energy will reach 10%. While maintaining economic development, it is equivalent to emitting more than 1.5 billion tons of carbon dioxide less. This is China's real and significant contribution to the global response to climate change.

Xie Zhenhua pointed out that China's energy demand will grow reasonably for quite some time in the future, but it will never repeat the traditional development path of developed countries, nor will it achieve economic development by unrestricted greenhouse gas emissions. To deal with climate change as a major national strategy will be incorporated into the medium-and long-term planning of national economic and social development, and vigorously develop a green economy with low carbon emissions and recycling as its connotation.

He said that by the end of 2009, China's installed hydropower capacity was 197 million kilowatts, nuclear power was under construction of 24.5 million kilowatts, and solar hot water was 145 million square meters, ranking first in the world. The installed capacity of wind power is more than 22 million kilowatts, ranking third in the world. The number of biogas users in rural areas has reached more than 36.5 million, and projects of protecting natural forests and returning farmland to forests have been carried out. The area of artificial afforestation is more than 22 million hectares, ranking first in the world, saving about 450 million tons of standard coal. By the end of 2009, renewable energy accounted for 9% of primary energy, and forest coverage reached 20.36%. Xie Zhenhua also expressed his position on the United Nations Climate change Conference to be held in Cancun, Mexico at the end of this year. He said that the core task of the meeting is to continue to strengthen the full, effective and sustainable implementation of the Kyoto Protocol in accordance with the requirements of the Paris road map, and all countries should strengthen mutual trust and deepen cooperation on the basis of the promotion of the convention, and strive to achieve a win-win situation in economic development and climate change. (Ding Bing, China Securities Journal)

Bohai Securities: renewable energy sector investment recommendations and individual stock recommendations in May

Photovoltaic demand has been greatly revised, volume rise and price steadily ushered in a bumper harvest year.

In April, iSuppli, an authoritative research organization, sharply raised the number of new photovoltaic installations in 2010 to 13.6GW, an increase of 92.9% over the original 8.3GW forecast. The rush market before the reduction of subsidies in Germany and the reduction of FIT in other countries early next year may be the main reasons for the sharp upward revision of the expected demand for photovoltaic. We believe that the higher-than-expected photovoltaic installation demand will make photovoltaic cell manufacturers face a good market environment of rising quantity and stable price, and this year will be a bumper harvest year. In addition, in the case of tight market demand, the price is expected to maintain stability, the annual price is still fluctuating between 50-60 US dollars, domestic polysilicon manufacturers are still hovering in the break-even point.

Stimulated by strong demand, photovoltaic manufacturers have expanded their production.

After the financial crisis, the loose credit environment, the improvement of economic fundamentals and more countries have joined the ranks of encouraging photovoltaic development, prompting the optical industry to return to the fast track. The strong recovery in demand has caused major manufacturers to expand production one after another, and production capacity is expected to be released in 11-12 years. If there is no large-scale start-up of new markets, the pressure on supply and demand will be greater.

Offshore wind power project is about to be invited for tender, and a new round of wind power horse racing enclosure will be launched.

At present, the conditions for offshore wind power construction are in place, and bidding for offshore wind power projects will begin in May. Compared with land wind power, offshore wind power is more difficult, but this does not hinder wind power equipment manufacturers to enter the pace of offshore wind power, a new round of wind power racing enclosure start.

Investment advice and company recommendation

In view of our judgment on the strong demand for photovoltaic throughout the year and the photovoltaic enterprises facing a stable market environment with rising volume and price, we give the photovoltaic industry a "buy" rating. Investors are advised to pay attention to Haitong Group (600537) (600537), Tianlong Optoelectronics (300029) (300029) and Tianwei Protective Engineering (600550) (600550). For the wind power industry, we think that the offshore bidding in May may bring event trading opportunities, and we suggest that we should pay attention to the industry leader Goldwind Technology (002202) (002202) and Xiangdian shares (600416) (600416), which have certain advantages in offshore wind power. (Bohai Securities

12 Renewable Energy concept Unit benefits

Solar energy

Jinjing science and technology

The company is the main supplier of ultra-white float glass used in thin-film solar cells in China. at present, it has 4 high-quality float glass production lines and an annual production capacity of 20 million weight boxes per year. It is the only enterprise in China that can produce ultra-white glass on a large scale. Solar plate ultra-white glass is widely used in the production of solar photovoltaic cells, photoelectric curtain walls and other new energy fields because of its high light transmittance. At present, the company's solar ultra-white glass has been mass produced, and has passed the relevant testing of the world's leading thin film cell equipment provider Orekon, Switzerland, and has a stable market position.

The third quarter showed that the income of the main business increased by 35% compared with the same period last year. The top 10 funds held a total of 108 million shares, accounting for 30% of the circulation market, and the number of shares held by Huaxia funds has exceeded 50 million shares. The number of shares held per household increased significantly by 63.17% in the third quarter compared with the previous quarter, and the bargaining chips are very concentrated. Yesterday, the stock planning for a non-public offering of shares suspended, a collection of multiple concepts in one.

Tianwei guarantees change.

The company is one of the largest production bases of power equipment transformer in China, and it is also the leading enterprise of solar energy in China. It has a complete industrial chain in new energy and smart grid, and has formed the whole industry layout of solar energy raw materials and battery modules. The first 46.5MW amorphous silicon film production line of Tianwei Film has been debugged smoothly, and the output has been gradually increased. Recently, Tianwei Sichuan Silicon Industry's 3000-ton polysilicon project has been put into trial production, and its new energy companies have also obtained orders one after another. With the gradual introduction and implementation of domestic new energy revitalization planning and the release of production capacity of the company's production projects, the overall rebound of the emerging industry in the future will bring more attention to the company.

Affected by the trough of the photovoltaic industry, the company's single-quarter operating income increased by 13.3% in the third quarter compared with the same period last year, compared with 60.63% in the first quarter and 53.97% in the second quarter, indicating that the thickening performance is expected to wait for the recovery of the entire emerging industry. As of the third quarter, institutions accounted for 7 of the top 10 tradable shareholders of the stock, including 1 social security fund, 1 risky capital, 5 fund companies, and most of them were new or incremental funds. The number of shares held per household increased by 11.20% month-on-month, and the chips were further concentrated.

Vosges shares

The company began the production of crystalline silicon and CIGSSe thin film solar cell modules in 2008. Among them, CIGS thin film solar cell module is the most potential variety in the second generation thin film solar cell, and the technology and manufacturing equipment are relatively mature. Aleo, the company's partner, won Bosch's ownership by virtue of its R & D advantages in the field of crystalline silicon. It is reported that Bosch's broad prospects for the future development of CIGS technology is also the main reason for this acquisition. With the arrival of Bosch, the company's competition in capital and marketing channels compared with other photovoltaic companies is expected to be significantly improved. Based on the relationship between Bosch and the company will be carried out in the direction of deepening cooperation, the company's future development potential is expected. At the same time, Johanna, a provider of Vosges photovoltaic technology, has obtained TUV certification, and its thin film solar cell technology has formed a preliminary commercial competitiveness in China.

The third quarterly report shows that the company has received a high degree of attention from institutional funds, and there are 6 institutions among the top 10 circulating shareholders, and all of them are new or incremental funds, with a total holding of 16.088 million shares, indicating that the future development space of the stock is recognized by institutional funds.

Wind power

Jinfeng technology

The company is one of the largest wind turbine manufacturers in China, and its products accounted for 18% of the newly installed wind power capacity in China in 2008. After acquiring a 70% stake in VENSYS Energy AG of Germany, the company became the first wind power manufacturer in China with fully independent R & D and design capabilities and complete independent intellectual property rights. Due to the rapid growth of China's wind power market, the total amount of outstanding orders held by the company at the end of the third quarter was 1.9088 million kilowatts, while the total amount of outstanding contracts was 1.7355 million kilowatts, totaling 3.644 million kilowatts. The introduction of sufficient orders and industry policies will ensure that the company's sales will continue to grow in 2010.

According to the three quarterly reports, six of the top ten tradable shareholders of the stock are investment institutions, and the overall number of positions has been reduced by half compared with the China report, but the per household holding of tradable shares has increased by 3.86% month-on-month, and the trend of concentration of chips is obvious. Judging from the trend of this year, after climbing in the first half of the year, the horizontal market has been building the platform for nearly half a year, and the ready form makes it possible to get out of the market.

Tianqi shares

As a rookie of wind power blades, the company's bamboo blade manufacturing technology is an international initiative, with a net profit of 3.93 million yuan in the first half of this year. After signing a strategic cooperation agreement with Shanghai Electric (601727) (601727) a year ago, the company has obtained an order from Zhejiang Yunda this year, which means that the company's bamboo leaves have finally been recognized by the market. After building a complete product line of bamboo and FRP wind power blades and heavy wind power castings, the company will complete the integration of wind power parts platform with the help of the former LM technical team and the strong technical capability of "Wuxi FAW casting". The strategic development is positioned to become the core supplier of high-end wind power manufacturers such as Shanghai Electric (601727) and Dongfang Electric (600875) (600875). At present, the gross profit margin of the company's main products, wind turbine blades, is 20%, 35%, which is expected to create a surprise for the performance in the growth and renewal of the wind power market.

The three-quarter report shows that among the top 10 tradable shareholders of the stock, except for three individual investors, all are investment funds, one of which is QFII,1, which is rare in small-cap stocks with only 153 million yuan in circulation. The average household holding of tradable shares has increased by 12.29% month-on-month, and the bargaining chips are very concentrated.

Water and electricity

minjiang hydropower

The company's main business is hydropower industry, located in Aba Prefecture, Sichuan Province, where the water system is developed and hydropower prospects are broad. It is the leader of hydropower in the west. It is reported that about 70% of China's hydropower resources are concentrated in the southwest region, and with the increasing tension of traditional energy sources, hydropower, a renewable energy source, has a very broad development prospect. Therefore, the company's main business will also increase its performance with the improvement of macro-economy and the reconstruction of Wenchuan earthquake disaster. At the same time, the company also actively develops the third generation solar water heater by participating in Xizang Huaguan Technology. Huaguan Science and Technology Department is established by the company together with Tianwei Group and Solar Energy Research and Demonstration Center of Tibet Autonomous Region. It is the largest high-tech enterprise in solar renewable energy industry in China and is located in Tibet, the most widely used area of solar energy. Therefore, from the perspective of solar energy, future companies also have room for imagination.

From the company's three quarterly reports, the stock is not a fund heavy position stocks, only invested in Morgan a fund into the goods 3.1 million shares. However, from the stock's recent trend, the market continuity adjustment did not significantly affect the stock, this early rise is small, strong resilience, defensive stocks in the future for a period of time as both offensive and defensive robust varieties.

guiguan power

The company's main business is the production and sales of hydropower, mainly for the cascade development of Guangxi Hongshui River. Recently, Datang Group, a major shareholder of the company, has obtained the approval of SASAC for injecting Yantan Hydropower Assets into the company. It is reported that the installed capacity of Yantan Power Station Phase I Project is 1.21 million kilowatts and Phase II is 600,000 kilowatts. After injecting Guiguan Power (600236), the company's power generation capacity in the Hongshui River Basin in Guangxi will more than double. It should be noted that, according to Datang Group's commitment during the share reform, the company will take over Longtan Power Station with a total installed capacity of 6.3 million kilowatts from major shareholders in the future, with strong asset injection expectations. Longtan Hydropower Station is the landmark project of "West-East Power Transmission" in China. It is the second largest single hydropower station in China at present, with an annual power generation capacity of 18.7 billion kWh. At the same time, the company also has the concept of wind power. Yantai Dongyuan Wind Power previously acquired under construction installed capacity of 2550 kilowatts units put into operation this month, wind power generation units in service reached 89,000 kilowatts.

The stock has always been the place where funds gather. The third quarterly report shows that among the top ten circulating shareholders, investment institutions have accounted for 7 seats, among which the social security fund 102 portfolio ranks second with 3.48% of circulating shares. From the stock year's rise, a strong demand for compensation is also one of its selling points.

clean energy

guanghui shares

As the largest natural gas liquefaction field in China, the company last year liquefied natural gas and related income exceeded 1 billion yuan, net profit of 294 million yuan, accounting for 60% of total profits. The Company has also started construction of a 500 million m3/year LNG plant in Jimunai County, and its LNG products are positioned as services and supplements for "West-East Gas Transmission" and "Sea-to-Sea Gas Landing," and it effectively reduces market competition risks by means of dislocation competition with large domestic oil and gas enterprises. At the same time, this year indirectly acquired a 49% interest in a license to use underground resources in Kazakhstan. After the new plant is put into operation, the actual output will increase from about 300 million cubic meters per year to 800 million to 1.1 billion cubic meters. There is a plan to issue 100 - 300 million shares in a non-public offering of no less than 11.47 yuan and raise no more than 2.5 billion yuan. Guanghui Group promised to voluntarily lock all 363 million unbanned shares for another 3 years, and reduce its holdings by no less than 30 yuan after expiration.

The third quarterly report shows that all the shareholders of the top ten circulating shares are funds and legal persons, with per capita shareholding exceeding 10,000 shares. The average circulating shares held by each household increased by 20.81% month-on-month. The chips are highly concentrated, and the main position building area is 16 yuan-20 yuan.

Fengyuan biochemical

The company is the largest fuel ethanol production enterprise in China. At present, the fuel alcohol production capacity has reached 440,000 tons/year. Ethanol gasoline has realized stable supply of fuel alcohol to 7 cities in Anhui Province, Shandong Province, 5 cities in Jiangsu Province and 2 cities in Hebei Province.

In the past three years since COFCO became a shareholder in the company, the profitability of the company has increased significantly. According to the plan of COFCO Group, in the future, according to the business development needs of the Company, corresponding funds will be gradually invested to support the Company to strengthen and enlarge its core businesses such as biomass energy and biochemical industry. In the third quarter of this year, the net profit of the company was 65.39 million yuan, with a year-on-year growth of 117.16%, and the development trend was good. Before that, the company invested nearly 200 million yuan in technical transformation funds, completed 33 technical transformation projects such as fuel ethanol DDGS and corn oil project transformation, citric acid extraction technology, lysine recovery production, etc., so that the production indicators and product quality of fuel ethanol, citric acid, lysine, ethylene oxide and other leading products were continuously improved.

The third quarterly report shows that the number of institutions in the top ten circulating shareholders of the stock accounts for 6 seats, among which 007,005,006 three social security funds entered in a large scale, the position of investment funds rose sharply by 147.53% month-on-month, the average household holding circulating shares month-on-month growth of 5.05, chips still tend to be concentrated.

new materials

tiantong shares

The company's main business is soft ferrite and electronic surface mount products. Ranked in the top three in the global soft magnetic industry, soft magnetic materials are widely used in green lighting, inductors and coils of electronic products, solar photovoltaic industry, communication components, LCD displays and other fields. Although it is currently in a state of loss, industry insiders say that with the rapid development of energy-saving and environmental protection industries, the company's future development prospects are still very broad. In addition, the company has authentic venture capital theme, namely holds 55% shares of Bochuang Technology to be listed on GEM. The stock speculation is mainly hot money in the operation, stock price fluctuations are more intense.

antai technology

The bright spot of the company in the future is still in the amorphous strip. At present, the daily output of the 10,000-ton production line is stable at 20-26 tons, and the thermal test of the follow-up 30,000-ton production line is expected to be completed by the end of the year. The national network is expected to invest special funds to subsidize the price difference of amorphous transformers, which will greatly enhance the promotion of amorphous transformers. New energy and new materials will become the core competitiveness of China's future industrial transformation, and the company has obvious first-mover advantages in many fields. Hongfuyuan Technology Co., Ltd. is one of the largest suppliers of hydrogen storage alloy powder for Ni-MH battery materials in China. The stock is a heavy position stock of social security, which is still in the process of increasing positions in the third quarter. United Securities expects that from 2009 to 2011, the company will be able to achieve EPS0.39, 0.70,0.99 yuan, maintaining the "overweight" rating.

China Science and Technology Yinghua

The company is the birthplace of R & D and production of heat-shrinkable materials in China, and as a domestic provider of high-grade electrolytic copper foil, the company's electrolytic copper foil for lithium battery ranks first in the domestic market. The company is a national high-tech enterprise recognized by the Ministry of Science and Technology. As a listed company with the background of the Chinese Academy of Sciences, the company has a strong theme of science and technology and venture capital. Ye Zhigang, an analyst at Yingda Securities, said that after the announcement of the company's private placement plan, the share price maintained a slow rise, and the future market should mainly climb repeatedly, and it is recommended to continue to hold.