是趋势 还是陷阱 ？
On March 16, Jiang Dongyu, general manager of Longi Strategic Management Center, pointed out at the 6th China Energy Development and Innovation Forum held in Beijing that the future hydrogen energy demand will be very considerable, and green hydrogen will promote the rapid growth of the photovoltaic industry.
On March 31, Xi 'an Longji Hydrogen Technology Co., Ltd. was established with a registered capital of 300 million yuan. Li Zhenguo served as its chairman and general manager, and Li Hua, chairman of Zhuque Investment, served as the director.
This series of operations also released a signal that Longi shares is moving from the "photovoltaic +" development mode to the "photovoltaic + hydrogen energy" mode.
A trend or a trap?
The public information shows that the business scope of Xi 'an Longji Hydrogen Technology includes the manufacturing of gas and liquid separation and purification equipment. Combined with the previous actions, the capital immediately responded to the signal of transformation and plunged into hydrogen energy.
On April 6, against the background of the decline of the three major stock indexes, the Flush Hydrogen Energy Concept Sector Index rose 5.23% to 1370.19 points, hitting a one-year high in the intraday. More than 90 percent of the 87 constituent stocks rose, including 18 stocks, including Houpu, Shouhang Hi-Tech, Times New Material, New Sky Green Energy, Kemet Gas and Yuanhe Gas, which rose by the daily limit. Another 11 stocks rose more than 6%.
But essentially, a lot of people don't know much about hydrogen energy, or how it relates to solar photovoltaic.
On the face of it, hydrogen energy and photovoltaic energy are both major parts of the new energy under the carbon neutral strategy, so hydrogen energy can also be called an important link of China's new energy strategy.
In the past 10 years, the average cost per kilowatt of onshore wind power and photovoltaic power generation projects has decreased by about 30% and 75% respectively. Once the technology is mature, the demand for hydrogen production by photovoltaic power generation will feed back the demand for photovoltaic power generation, thus driving the demand for photovoltaic installed power generation, and a virtuous cycle can be formed.
However, the development of green hydrogen industry in China is still in the primary stage, and hydrogen fuel cell has more obstacles in the key technologies. On the other hand, hydrogen energy has been widely used in the manufacturing industry, and its advantages over traditional energy are becoming more and more obvious. Such an industry fettered by supply and demand, no matter for the entity enterprises or the capital market, there is no doubt that there is a huge space for development.
Now the photovoltaic industry is a bit like the pig industry.
Very embarrassing, but have to mention that, after last year's hype, the whole photovoltaic plate performance pressure is very big this year.
Think of it this way, Longi into hydrogen energy, seems to become not so "pure".
For one thing, Longi's share price is in a precarious position, and it could fall further if earnings growth doesn't meet expectations.
Second, in recent years, Longji has been expanding on a large scale and its production capacity is expanding at a huge speed, so its debt ratio should be very high.
Thirdly, it is also a fatal problem. Longi's 180 silicon wafer specifications are facing the problem of being suppressed by Magnetics Holdings with 210 specifications.
All of this a few possible pressure, the company may be wrong, and to continue to maintain the capital market attention to him, he sought a new direction, that is to do the hydrogen fuel cells, but in fact, the cost of hydrogen energy cells is huge, this itself is a bigger challenge, but it is also possible that he just to fry a heat, to cause the attention of capital markets, Maintain the company's current market position.
But think about it again, Longji is such a big giant, research and development strength is super strong, will not rashly enter a new field. This high-profile entry into hydrogen energy, the intention is to open up a new competitive track outside solar photovoltaic, to achieve the leading development of ultra-latitude.
Such leading companies, I would rather believe that they are making the right decisions, rather than flippant thinking that they are making the wrong decisions to protect the company's capital market position and stock price, rather than believing that they are making forward-looking decisions based on rigorous scientific certification.