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| The construction of "charging piles" has been accelerated again, and t |
| Release time:2023-02-08 08:35:57| Viewed： |
The construction of "charging piles" has been accelerated again, and the list of 13 high growth companies in the annual report has been released!
As the supporting infrastructure supporting the development of new energy vehicles, the solution of charging piles is crucial to the promotion and development of new energy vehicles.
On the news, the Ministry of Industry and Information Technology and other eight departments organized and carried out pilot work in the pilot area of comprehensive electrification of vehicles in the public sector, and the charging and replacement service system was effectively guaranteed.
It is mentioned that: build a moderately advanced, balanced, intelligent and efficient charging and replacement infrastructure system, increase the proportion of public charging piles (standard piles) to the number of new energy vehicles promoted in the public domain (standard cars) to reach 1:1, and the proportion of charging facilities in the expressway service area is expected to be no less than 10% of the small parking spaces;
With the rapid development of new energy vehicles, the number of charging piles in China has also increased rapidly;
In response, Deppon Securities pointed out that the increment of charging infrastructure in 2022 will be 2.593 million units, of which the increment of public charging piles will increase by 91.6% year on year, and the increment of private charging piles built with vehicles will continue to increase by 225.5% year on year. As of December 2022, the total number of charging infrastructure nationwide was 5.21 million, up 99.1% year on year. In 2022, the increase of public charging stations will be 37000, and the population will be 111000. According to the China Charging Alliance, it is expected that the charging piles will continue to grow steadily in 2023: it is expected that China will add 3.4 million charging piles with vehicles in 23 years, and the number of charging piles with vehicles will reach 6.812 million; It is estimated that 975000 public charging piles will be added and the number of public charging piles will reach 2.772 million; It is estimated that 60000 public charging stations will be added and the number of public charging stations will reach 171000.
Hua'an Securities said that the issuance of the Notice indicates that the new energy subsidy policy will shift from passenger cars to electric vehicles in the public sector, focusing on urban logistics distribution, sanitation vehicles and commercial heavy trucks. Suggested targets are: JAC and FOTON (new energy logistics distribution light truck); Yutong Heavy Industry, Fulongma (sanitation vehicle); FAW Jiefang, China Heavy Truck (heavy haul traction at port and wharf); Mitsubishi Electric (hybrid electric control of commercial vehicles); Hanchuan Intelligent (heavy truck power exchange).
Market institutions pointed out that with the increase of the penetration rate of new energy vehicles, driven by the policy side, demand side and other factors, it is expected that the domestic market scale of charging pile stock will exceed 300 billion yuan in 2025, and relevant charging pile enterprises are expected to accelerate their development in the future.
Market: charging stations have reached 100000 scale, and nearly 2000 replacement stations
According to the data of China Charging Alliance, in 2022, the national charging infrastructure increment will be 2.593 million units, of which the increment of public charging piles will increase by 91.6% year on year, and the increment of private charging piles built with vehicles will increase by 225.5% year on year; The increment of public charging stations nationwide is 37000, and the number of public charging stations is 111000; The total charging capacity of the country is about 21.32 billion kilowatt-hours.
According to the number of charging piles operated by charging operation enterprises by December 2022, the national public charging infrastructure operators can be divided into three competitive echelons.
Enterprises with more than 100000 units include: 363000 units for special calls, 343000 units for star charging and 259000 units for cloud charging; 196000 units of State Grid;
The enterprises with 50000 to 100000 units include: 94000 units for Xiaoju Charging, 73000 units for Weijingyun, 69000 units for Shenzhen Vehicle Power Grid and 61000 units for China Southern Power Grid;
The number of other enterprises in operation is less than 50000: 48000 for Wancheng Wanchong, 46000 for Huichong, 42000 for Yiwei Energy, 26000 for Wanma Aichong, 24000 for SAIC Anyue, 23000 for China Putian, 19000 for Blue Express
The concentration of the charging industry has been relatively high, with the top five public charging operators accounting for 69.8% and the top 15 public charging operators accounting for 93.8%.
List of 13 charging pile industries with high annual growth
Accordingly, we will further sort out some of the "charging pile" concept shares with high performance in the A-share market for your reference!
According to statistics, a total of 13 "charging pile" shares are expected to report net profit of more than 100 million yuan and increase net profit by more than 100%, of which, Zhongtian Technology and Galaxy Electronics are expected to increase by 10 times.
From the perspective of the expected increase in the annual report, Zhongtian Technology ranks first. The company expects to achieve a net profit of 3 billion yuan to 3.3 billion yuan in 2022, with a year-on-year increase of 1643% to 1818%.
It is reported that as a domestic optical cable production and marketing enterprise, ZTE's main business is optical fiber communication and power transmission;
For the business layout of charging piles, at present, Zhongtian Technology has built an electric energy storage system integrating distributed photovoltaic, energy storage and charging piles, and has independently developed new energy vehicle charging cables, charging guns and other supporting products;
In addition, the company's acquired Zhongtian Yupin Technology has a layout in the charging pile business, and the target company has a layout in the charging pile business. The main customer groups include the State Grid, China Southern Power Grid, etc.
Since July last year, the share price of Zhongtian Technology has continued to fall and adjust. According to the latest closing price, the cumulative decline has exceeded 40%, and the share price has halved for a time.
Galaxy Electronics followed closely. The company expects to achieve net profit of 190 million to 220 million in its annual report, with a year-on-year increase of 1223.72% to 1432.73%;
According to the data, the main business of Galaxy Electronics is intelligent electromechanical, key components of new energy electric vehicles and digital TV intelligent terminals, which mainly focus on military equipment.
At present, the company has established businesses in the new energy electric vehicle industry, including power supply modules, charging piles, on-board chargers, etc. Its products and technologies are in the leading position in the industry, and it has successfully entered the supplier system of mainstream customers in the new energy electric vehicle industry.
In the secondary market, the stock price of Galaxy Electronics has stabilized and recovered near the annual line. Compared with the recent low point, the stock price of the company has increased by more than 15%.
Guangzhou Development and Kodak Manufacturing are expected to achieve a net profit of 1.35 billion and 4.35 billion in the annual report, with an annual increase of 684% and 332.51% respectively;
Public information shows that, as one of the important local comprehensive energy enterprises in Guangdong Province and one of the large power generation enterprises in South China, Guangzhou Development has built several charging stations in many cities in the Greater Bay Area of Guangdong, Hong Kong and Macao.
As a charging station operator, Kodak Smart Energy, a subsidiary of Kodak Manufacturing, focuses on investment, construction and operation management. At present, more than 500 smart charging piles have been built.
Penghui Energy, Pinggao Electric, Minglida, Pinggao Electric, Guoxuan Hi-Tech, Changyuan Group, TBEA, Guoxuan Hi-Tech, Changyuan Group and other companies with the highest increase in the annual report, all exceeding 100%.
"Charge pile" concept shares with an increase of more than 100% in the annual report!
1. Zhongtian Technology: The company expects to achieve a net profit of 3.15 billion yuan in 2022, with a year-on-year increase of 1629%;
Frequent policies promote the construction of charging piles, and opportunities emerge in the upstream electronic components industry chain
The charging pile industry is growing at a high speed and seizing the opportunity of the industrial chain: in 2022, China's charging infrastructure will increase by 2.593 million units, of which the newly-built public piles will increase by 91.6% year-on-year, and the newly-built private piles will increase by 225.5% year-on-year, which will continue to grow at a high speed. In 2022, the sales of new energy vehicles in China will reach 6.887 million, and the increment ratio of piles and vehicles will be 1:2.7. There is still much room for improvement from 1:1. We calculate that the CAGR of new charging piles in China will be 32.1% in 2022-25. Compared with China, the construction in Europe and the United States is relatively backward. In 2021, the total vehicle-pile ratio in the United States and Europe is only about 4.2/3.8. Under the guidance of national policies, the growth rate of overseas charging pile market is accelerated. We calculate that the CAGR of new charging piles in Europe and the United States in 2022-25 is 44.1%, and there is huge space for the development of charging piles at sea. It is suggested to focus on the charging gun/charging module/magnetic components/power devices/capacitors and other charging pile industry chain opportunities.
1. [Yonggui Electric Appliance]: It is estimated that the market space of charging guns in China, the United States and Europe will reach 36.6/1.96/1.9 billion yuan respectively in 2025. The charging gun products of the company cover DC and AC, and the revenue of related products accounts for more than 30% of the vehicle new energy business. At the same time, the development of quick-charge charging piles will also drive the demand for liquid-cooled super-charge guns. The company is the first manufacturer in China to mass produce liquid-cooled high-power super-charge guns, and has supplied products to many domestic complete vehicle manufacturers, charging pile end manufacturers and operators. We are optimistic that the competitiveness of the company's super-charge gun products will continue to improve, and it will gain excess share in the market with large-scale expansion of demand.
2. [Krick]: It is estimated that the global market size of magnetic components in the field of charging piles is expected to reach 5 billion yuan in 2025, with CAGR of about 60% in 21-25 years. The company has been deeply engaged in magnetic components for many years, covering Rivian, Shenghong, Youyou Lvneng, Yingfeiyuan and other first-class customers at home and abroad in the field of charging piles. The market share of domestic magnetic components is concentrated on the leading suppliers. With the leading position in the field of magnetic components of charging piles, we are optimistic about the impact of mass installation of charging piles on the company's performance.
3. [Jianghai Co., Ltd.]: Aluminum electrolytic capacitors and film capacitors are the core components of AC and DC charging piles, accounting for 5~10% of the BOM of charging piles. As a domestic power capacitor leader, the company covers three major product lines of aluminum electrolytic capacitors, film capacitors and supercapacitors, and will benefit from the massive installation of charging piles in the future. |
