Events
On January 25, 2022, the Shanghai Composite Index closed at 3433.06 points, down 2.58%; The Shenzhen composite index closed at 13683.89 points, down 2.83%; The power sector index closed at 3084.93 points, down 4.10%. Among them, the top three companies in the photovoltaic equipment sector are: Eging Photovoltaic Technology Co.Ltd(600537) (600537. Sh, 3.68%), Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029) (300029. SZ, 1.02%), Flat Glass Group Co.Ltd(601865) (601865. Sh, - 0.14%). The top three companies in the wind power equipment sector are: Ming Yang Smart Energy Group Limited(601615) (601615. Sh, 2.14%), Haili wind power (301155. SZ, 1.67%), and Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) (300850. SZ, - 0.34%).
Comments
Recently, the National Energy Administration issued the key points of energy regulation in 2022 and the list of key tasks. The key points of work pointed out that the overall idea of energy regulation in 2022 is to deepen the reform of energy system and the construction of market mechanism, supervise the implementation of major energy strategies, plans and policies, and ensure the safe and stable supply of energy, with the goal of promoting the modernization of energy governance system and governance capacity and the main line of improving regulatory efficiency. The task list includes comprehensive supervision, special supervision and key supervision. At present, China is actively building a new power system with new energy as the main body. The healthy development of the new power system requires a perfect power market system and a stable power market order. The further enhancement of supervision will help to promote the construction of a multi-level unified power market system and improve the market-oriented formation mechanism of coal and electricity prices. The standardized regulatory order will also play a positive role in ensuring energy supply and ensuring the healthy development of the energy industry.
Industry dynamics
\u3000\u30001. Zaozhuang's "14th five year plan" for ecological and environmental protection: optimizing the energy supply structure. Actively promote the revolution in energy production and consumption, accelerate the construction of a clean, low-carbon, safe and efficient energy system, promote the transformation of low-carbon energy, and provide strong support for the transformation of old and new kinetic energy. Strictly control the total consumption of fossil energy, promote the clean and efficient utilization of fossil energy such as coal, and actively promote coal washing and quality improvement processing. Take clean and low-carbon energy as the main direction of adjusting the energy structure, adhere to the simultaneous development of clean utilization of fossil energy and vigorously develop non fossil energy, and strictly implement the dual control system of energy consumption intensity and total amount. We will implement actions to replace renewable energy and accelerate the development of renewable energy such as photovoltaic, biomass and geothermal energy. (Polaris environmental protection network)
\u3000\u30002. Liaoning's 14th five year plan promotes the construction of village level photovoltaic power stations and vigorously develops distributed photovoltaic: on January 14, the people's Government of Liaoning Province issued the 14th five year plan for ecological and economic development of Liaoning Province, which requires promoting the development of new energy industry. Among them, the photovoltaic industry focuses on supporting the development of photovoltaic by using idle land, barren slopes and facility agriculture in rural areas and abandoned mining areas, so as to promote the diversified utilization of Cecep Solar Energy Co.Ltd(000591) . We will promote the construction of village level photovoltaic power stations, vigorously develop distributed photovoltaic power generation such as agricultural photovoltaic complementarity, and promote the combination of rural photovoltaic construction with construction, facility agriculture and animal husbandry. (Polaris power grid)
Company dynamics
China Coal Energy Company Limited(601898) (601898): the company expects to realize a net profit attributable to shareholders of listed companies of RMB 11770 million to RMB 14380 million in 2021, with a year-on-year increase of RMB 5865.83 million to RMB 8475.83 million, an increase of 99.4% to 143.6%. It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will be RMB 11570 million to RMB 14140 million in 2021, with a year-on-year increase of RMB 5822.04 million to RMB 8392.04 million, an increase of 101.3% to 146.0%.
Risk tip: the epidemic fluctuation is higher than expected, the price fluctuation risk of raw materials, and the rise of electricity price is lower than expected.
