Event overview
On January 24, 2022, when presiding over the study (hereinafter referred to as “study”), the general secretary of the CPC Central Committee Xi Jinping stressed that achieving carbon peak and carbon neutrality is the internal requirement of implementing the new development concept, building a new development pattern and promoting high-quality development, and is a major strategic decision made by the CPC Central Committee to coordinate the two overall situations of China and the world.
Core view:
The state plans to improve carbon pricing, carbon trading and other systems. At the same time, Beijing will explore and study individual carbon accounts to promote dual carbon development
The improvement of carbon trading system can directly promote enterprises and individuals to pay attention to reducing carbon emissions and stimulate the application of new energy. Carbon emission trading allows enterprises to trade in the carbon market with reduced carbon emissions to obtain profits on the premise that the total emission specified in carbon emission trading does not exceed.
1. Improve the green and low-carbon policy system such as carbon trading to promote the realization of the dual carbon goal. In the “study”, the general secretary stressed the need to further improve the “double control” system of energy consumption, and the new renewable energy and raw material energy consumption will not be included in the total energy consumption control. We should improve the “double carbon” standard, build a unified and standardized carbon emission statistical accounting system, and promote the transformation from “double control” of energy to “double control” of total carbon emission and intensity. We should give full play to the role of the market mechanism, improve the carbon pricing mechanism, and strengthen the connection and coordination of carbon emission rights trading, energy rights trading and power trading.
2. Beijing will study individual carbon accounts to help green travel. According to the Beijing business daily, the Beijing transportation work conference was held on January 25. The meeting pointed out that Beijing will adjust travel modes, upgrade carbon inclusive incentives for green travel, explore and study personal carbon accounts, and promote the transformation from private car travel to green intensive travel.
Energy it will continue to benefit from double carbon development, and the energy it industry chain is recommended
The implementation of carbon trading will continue to promote the application of new energy, and with the development of energy industry, the leader of energy it industry will run out of the industry β+ Faucet α， We mainly recommend leading enterprises in the intelligent energy it chain:
1. Longshine Technology Group Co.Ltd(300682) : the leader of power sales informatization and the direct beneficiary of carbon trading. 1) Longshine Technology Group Co.Ltd(300682) has been deeply cultivated in the informatization of power sales for many years, and carbon trading will stimulate the new business form of carbon emission calculation, or directly contribute to the business income of Langxin. 2) In addition, Longshine Technology Group Co.Ltd(300682) stimulated by the construction of new energy, it has layout in charging pile aggregation platform, energy consumption management and other aspects, and emerging businesses will bring broad space to Langxin.
2. Dongfang Electronics Co.Ltd(000682) : new energy construction promotes the distribution network market pattern or concentration, and intelligent leaders benefit. 1) The development of new energy construction has increased the demand for intelligent distribution network. We believe that the distribution network market pattern will move from decentralization to concentration, and Dongfang Electronics Co.Ltd(000682) as the pioneer of intelligent dispatching and distribution network, the market share is expected to increase and go out of the industry alpha. 2) The company has laid out its energy storage business and has relatively mature capabilities in EMS and other links, which is expected to become the growth elasticity of the company.
Investment advice
In the development of energy, intelligence and digitization are the top priority. It empowerment has been fully reflected in various energy sectors and sub industries. We continue to make core recommendations: energy SaaS leader Longshine Technology Group Co.Ltd(300682) , distribution network dispatching pioneer Dongfang Electronics Co.Ltd(000682) , domestic energy BIM software leader Beijing Forever Technology Co.Ltd(300365) . Other beneficial targets include: State Grid Information&Communication Co.Ltd(600131) , Ygsoft Inc(002063) , Nari Technology Co.Ltd(600406) , China Southern network technology, Kodak automatic control, Zeyu intelligence, Shanghai Nenghui Technology Co.Ltd(301046) , Zhiyang Innovation Technology Co.Ltd(688191) , Runa Smart Equipment Co.Ltd(301129) , etc.
Risk tips
1) risk that the technological transformation process of new energy power generation is less than expected; 2) The construction of energy informatization is less than the expected risk; 3) Macroeconomic downside risks.
