002531, up for 7 consecutive weeks! New energy sector makes a strong comeback......

The new energy industry maintained a strong momentum throughout the week, with wind power equipment concepts collectively surging, and many stocks experiencing significant gains.

This week, the A-share market saw slight fluctuations overall. The Shanghai Composite Index oscillated around 4,100 points, ending the week with a small doji bearish candle. The CSI 50 and the Sci-Tech Innovation Board Index also closed with doji bearish candles on the weekly chart. The Shenzhen Component Index performed relatively strongly, with a slight weekly increase and holding above 14,000 points. The ChiNext Index and CSI 300 also rose modestly on the weekly chart, while weekly trading volume slightly contracted to 12 trillion yuan.

Leverage funds saw a net financing inflow of over 18.2 billion yuan this week, with the power equipment sector receiving more than 7 billion yuan in net inflows. The computer sector attracted over 4.4 billion yuan, basic chemicals over 3.6 billion yuan, and both electronics and utilities over 2 billion yuan each. Mechanical equipment, construction decoration, and petrochemical sectors also received net inflows exceeding 1 billion yuan. Conversely, non-ferrous metals experienced net selling of over 3.4 billion yuan, and defense military industry and communications sectors also saw net outflows exceeding 100 million yuan.

According to Wind data, power equipment stocks have experienced five consecutive days of net main capital inflows, totaling 50.7 billion yuan for the week. Construction decoration attracted over 33.4 billion yuan, while basic chemicals, utilities, and electronics each received over 20 billion yuan in net inflows. The communications sector saw inflows of over 12.2 billion yuan. Defense military industry faced net outflows of more than 13.5 billion yuan, non-bank financials outflow of 4.2 billion yuan, and media sector outflows exceeding 3.5 billion yuan.

Market hotspots: The new energy industry remained strong throughout the week, led by wind power equipment, with the sector index rising for eight consecutive days, up 11.54% this week, reaching a nearly four-year high. Tianshun Wind Power (002531) has risen for seven consecutive weeks on the weekly chart and has gained over 81% year-to-date. Dajin Heavy Industry has shown even stronger momentum, with eight consecutive months of monthly gains and a year-to-date increase of over 55%. From the end of 2025, the increase exceeds 300%. Goldwind, Mingyang Smart Energy, and other companies have also gained over 50% this year.

In terms of news, the Strait of Hormuz disruption has heightened global concerns over energy security. Autonomous and controllable new energy sources are favored, prompting countries to accelerate their own new energy development. The UK announced the removal of 33 wind turbine component import tariffs starting April 1, reducing tariffs on core parts like blades and cables from 6% and 2% to 0%, aiming to unlock a £22 billion investment and accelerate offshore wind installations in the North Sea.

Dalian Heavy Industry recently stated on an interactive platform that, based on current market conditions and available information, the overall new orders for wind power products are expected to continue growing in Q1 2026 and throughout the year.

The photovoltaic sector index also hit a record high this week, with Yunnan Energy Holding (001896) up 196% year-to-date. Other companies like Yinen Electric, Hang Electric, Airo Energy, and GCL New Energy also saw gains exceeding 100%.

Data from Shanghai Nonferrous Metals Network shows that as the window for photovoltaic tax rebates approaches, manufacturers are resuming production enthusiasm. Battery inventory continues to decline, and overseas orders and downstream trade orders are the main demand sources. In March, the production of batteries within the sample increased by 26% month-over-month.

In energy storage, the sector index also reached a record high this week. Stocks like Han Cable, Seiga Technology, Shunnai, and China XD Electric have repeatedly hit new historical highs (adjusted for dividends).

According to a research report from Discovery Alert, geopolitical crises are reshaping energy investment and development logic. Diversified demand is outweighing cost considerations, with governments and private sectors accelerating renewable energy commitments. High proportions of renewable energy urgently require grid and energy storage support. Compared to baseline scenarios, the crisis-driven capital and R&D investments could accelerate energy storage deployment timelines by 5 to 10 years.

Dongwu Securities forecasts that in 2026, the U.S. will have approximately 80 GWh of new energy storage installations, a 51% year-over-year increase. In the Middle East, Australia, Southeast Asia, and South America, storage installations are expected to reach 80 GWh, a 134% increase year-over-year. Therefore, continuous high growth in large-scale storage over the next 2-3 years is expected, maintaining high industry chain prosperity.

Looking ahead, Bohai Securities pointed out that with the arrival of the end of March and the upcoming first-quarter earnings season, market focus may shift further toward performance. In terms of industry, policies supporting supercomputing cluster construction, domestic and international cloud service providers’ capital expenditure, and the gradual popularization of agents to boost computing power demand are expected to continue driving opportunities in the computing power sector. Additionally, policies promoting coordinated development of power and electricity markets, along with rising market expectations for energy storage, suggest investment opportunities in the power equipment sector.