Jinri Toutiao

The price of polysilicon goes up again! An increase of 3% Mo 4.3% Longji and Tongwei both raised prices.

On July 26th, Longji raised the price of P-type single crystal silicon wafer again, including P-type M10, P-type M6, P-type M6, P-type M6 and P-type M6, respectively. According to the announcement on Tongwei Solar's official website, compared with the last offer, the price of 210-size battery increased by 5 cents, 1.28 yuan / W, 4.07% and 182 yuan / W, up 4 points, 1.3 yuan / W, 3.17%, 166-size battery, up 4 cents, 1.28 yuan / W, 3.23%.

The price of solar-grade polysilicon has risen for 23 consecutive weeks to its highest level since 2011. Data from the Silicon Industry Branch show that, including imports, the domestic market is expected to supply about 65000 tons of silicon in July this year, which can meet the output of wafers around 24.5GW, but there is still a gap compared with the silicon wafers that currently meet the conditions for production. The market expects that in the third quarter, although part of the silicon material expansion capacity can be released, it is still in the climbing cycle, which can not alleviate the supply pressure, and the silicon material price is still on the rise. In the fourth quarter, silicon material may usher in a small peak of phased production expansion, but photovoltaic installation has entered the peak season, the actual supply of silicon material is still relatively tight, and the price decline of silicon material is relatively limited. It is estimated that by 2023, with the expansion of production capacity, the supply of silicon will gradually increase, and the rising trend of silicon prices may tend to slow down. The relevant Hong Kong stocks include$Xiexin Technology (03800.HK) $、$New Special Energy (01799.HK) $。

General trend prospect

Overnight US stocksThe three major indexes closed down collectively.

By the close of overnight US stocks, the three major indexes closed lower, with the Dow down 0.71%, down 228.50 points at 31761.54; the S & P down 1.15%, down 45.79 points at 3921.05; and the NASDAQ down 1.87%, down 220.10 points at 11562.57. The ADR index of Hong Kong stocks fell to close at 20578 on a pro rata basis, down 327.25 points or 1.59 per cent from the close in Hong Kong.

Global markets are strained when the Federal Reserve announces its latest interest rate decision at 2:00 Beijing time on Thursday. The US stock market fell across the board, but it had nothing to do with the Fed's interest rate expectations, mainly affected by retail giant Walmart Inc's lower profit forecasts for the second quarter and the whole year. It is worth noting that Microsoft Corp and Alphabet Inc-CL C respectively announced quarterly results after US stock trading. Microsoft Corp is expected to record double-digit growth in profits and sales this fiscal year, Alphabet Inc-CL C's revenue is in line with expectations, and advertisers have strong demand. Both companies rose more than 5% in after-hours trading, driving Nasdaq futures up 1.5%.

Hot spot prospect

The theme strategy of eight major brokerages: real estate fundamentals have bottomed out.

The Banco Insurance Regulatory Commission has decided to introduce project delivery rescue measures in places such as Baojiaolou and Zhengzhou, or to a certain extent underpin market confidence, but the momentum of demand-side repair is bound to be dragged down. At the same time, the supply side may re-tighten pre-sale conditions and pre-sale capital supervision, while the guarantee delivery pressure will also form a crowding-out effect on the new construction of new land for real estate enterprises.

Under the pressure of continued weakness on both sides of supply and demand and the continued drag on the economy by real estate, the agency believes that Q3 is expected to usher in a window of policy easing. At the same time, the differentiation between enterprises will intensify, and low-rated housing enterprises are still in a state of continuous blood loss. The market continues to be optimistic about the dominant position of the leading housing enterprises in the market adjustment stage. in addition, regional housing enterprises are expected to have better flexibility in the structural market. It is worth noting that the latest HSBC research report pointed out: prepare for the rise of Chinese real estate stocks in the case of policy relaxation.

The second half of the year to the end of the year, is expected to see the second wave of strong easing policy blessing, real estate and property have room for absolute income, institutions generally maintain the real estate development sector "overweight" rating. Related enterprises include: a shares-Binjiang Group, Poly Development, Huafa shares, Vanke A, Jindi Group, China Merchants Shekou, Jianfa shares; H shares-Greentown China (03900.HK) $、$China Resources Land (01109.HK) $、$China Overseas Land & Investment (00688.HK) $、$Yuexiu Real Estate (00123.HK) $、China overseas Hongyang Group (00081.HK) $、China Jinmao (00817.HK) $. Property-A shares pay attention to the surplus of attracting investment; H shares concern$China Resources Mixc Lifestyle Services (01209.HK) $、$Greentown Service (02869.HK) $、$China property (02669.HK) $、$Poly property (06049.HK) $。

Ministry of Industry and Information Technology: forward-looking deployment of the future industrial chain to speed up the large-scale development of new energy vehicles, new materials and other emerging industries

Wang Wei, director of the Planning Department of the Ministry of Industry and Information Technology, said that over the past decade, China's manufacturing industry has made historic achievements and changes, its industrial system has become more sound, its industrial chain has become more complete, and its quantity has grown steadily and its quality has been significantly improved. comprehensive strength, innovation, and competitiveness have reached a new level. At present, China's manufacturing industry is in the critical stage of accelerating the promotion of high-quality development. In the future, we will unswervingly implement the manufacturing power strategy, promote the high-end, intelligent and green development of the manufacturing industry, and accelerate to the middle and high end of the value chain.

Shenzhen: support medical device enterprises to include belt volume procurement, and the winning varieties will be subsidized according to 3% of the total purchase amount in the current year.

Shenzhen Development and Reform Commission issued "several measures to promote the High-quality Development of Biopharmaceutical Industry clusters in Shenzhen" and other three policy measures pointed out that medical device enterprises are supported to be included in volume procurement. Enterprises are encouraged to actively participate in the national centralized procurement of medical devices to expand the market. The winning varieties will be subsidized according to 3% of the total purchase amount in that year, the maximum subsidy for a single variety shall not exceed 3 million yuan, and that of a single enterprise shall not exceed 5 million yuan per year.

Shenzhen's "measures" allay market concerns about policy risks in the medical and beauty industry:

1) in terms of policy risks, the issuance of the "measures" clearly encourages the healthy development of the medical and beauty industry, relieves the market's concern about the policy risks of the medical and beauty industry, and improves the certainty of the development of the industry.

2) in the upstream of medical beauty, encouraging innovative investment in instrument consumables will promote further research and development of related products, consumer product selectivity will be further enriched, compliance products are expected to continue to increase, and the penetration rate of medical beauty will continue to increase.

3) in the downstream of medical beauty, the "measures" clearly support the medical beauty service industry, the off-line stores will further flourish, the industry penetration is expected to continue to increase, and the number of stores will continue to expand.

Huaan Securities predicts that with the further control of the epidemic, the national epidemic prevention and control policy is relaxed, and medical and beauty consumption appears to be compensated in June, superimposed by the summer medical and beauty consumption peak season, the medical and beauty business is expected to grow rapidly.

Related Hong Kong stocks include the pharmaceutical equipment sector:$minimally invasive medical treatment (00853.HK) $、$minimally invasive robot-B (02252.HK) $、$Peijia Medical-B (09996.HK) $、$Kai Ming Medical-B (02500.HK) $、$Angelalign Technology Inc. (06699.HK) $The medical and aesthetic plate includes$Haohai Biotechnology (06826.HK) $、$Sihuan Medicine (00460.HK) $等。

Individual stocks are sunny.

Shanghai Fosun PharmaceuticalNon-public offering of about 107 million A shares, Gao Yilinshan No. 1 Yuanwang Fund has been allocated about 2 billion yuan

$Shanghai Fosun Pharmaceutical (02196.HK) $According to the report on the issuance of non-public A shares, the price of this issue is 42.00 yuan per share, the number of shares issued is about 107 million shares, the total amount of funds raised is about 4.484 billion yuan, and the net amount of funds raised is about 4.456 billion yuan.

China can buildThe construction of the main investment "Super portable battery" is expected to reach 500 million kilowatts per year.

The world's first 300MW non-supplementary combustion compressed air energy storage demonstration project invested by the main body of China Energy Construction has started construction in Yingcheng, Hubei Province, using the world's first, all-green, non-supplementary combustion and high-efficiency 300MW compressed air energy storage technology. it is the only large-scale long-term physical energy storage technology comparable to pumped energy storage, and is known as "Super portable battery". After the completion of the project, the single machine power, energy storage scale and conversion efficiency in the field of non-supplementary combustion compressed air energy storage will be the first in the world, and the annual power generation is expected to reach 500 million kilowatt hours, which will effectively promote the transformation and upgrading of Yingcheng industry. the development of green economy and the construction of energy storage base in central China.

Compressed air energy storage is a kind of energy storage technology based on the development of gas turbine, which stores energy in the way of compressed air. It has been listed as a new energy storage technology by our country, which has the characteristics of zero emission, zero pollution and high efficiency. The related technology is mature and there is huge room for development.

The design efficiency of the system above 100 megawatts can reach 70% Mel 75%, the annual cycle number is more than 500 times, and the life is up to 30 years. The average kilowatt-hour cost is 0.325 yuan / kWh, which is much lower than the lithium iron phosphate battery, sodium battery and vanadium battery with a cost of about 0.6 yuan / kWh. The economic benefit is remarkable, and it has been formally transformed from demonstration projects to large-scale commercialization.

If energy storage is to be configured in the construction of large bases, it must be high-power, low-cost, safe and reliable facilities. The air turbine, oil and gas heat exchanger and other core equipment of the world's first non-supplementary combustion compressed air energy storage power plant was developed by$Dongfang Electric (01072.HK) $、Harbin Electric (01133.HK) $Done.