Index
On February 8, 2022, the Shanghai Composite Index closed at 3452.63 points, up 0.67%; The Shenzhen composite index closed at 13325.41 points, down 0.98%; Photovoltaic index closed at 4411.01 points, down 1.27%. The wind power index closed at 3041.99 points, up 1.38%. Among them, the top three companies in the photovoltaic industry are: Shanxi Coal International Energy Group Co.Ltd(600546) (600546,6.97%), Anhui Deli Household Glass Co.Ltd(002571) (002571,6.72%), Nyocor Co.Ltd(600821) (600821,4.56%). The top three companies in the wind power industry are: Dajin Heavy Industry Co.Ltd(002487) (002487,8.88%), Jiangyin Hengrun Heavy Industries Co.Ltd(603985) (603985,6.07%), Nyocor Co.Ltd(600821) (600821,4.56%).
Comments
Last night, the development and Reform Commission of the Ministry of industry and information technology and the Ministry of ecological environment jointly issued the guiding opinions on promoting the high-quality development of the iron and steel industry, which clearly put forward that it is strictly prohibited to increase iron and steel production capacity, promote enterprise merger and reorganization, and improve resource guarantee capacity. Compared with the exposure draft issued on December 31, 2020, the official document eased the carbon peak time of the iron and steel industry from 2025 to 2030, and cancelled a series of quantitative indicators.
Compared with the opinion draft, we believe that the official document pays more attention to stabilizing the orderly production of iron and steel and ensuring social development. Relaxing the limit of carbon peak years can effectively avoid simple administrative means such as power and production restriction, while the requirements for the proportion of electric furnace steelmaking and the reduction of energy consumption per unit steel production will increase the demand of steel enterprises for electricity. At the same time, after absorbing small and medium-sized steel enterprises through mergers, the leading enterprises will also have stronger capital and technical strength. On this basis, steel enterprises have the ability to consider building their own clean energy power plants to reduce their own cost pressure.
Industry dynamics
The Beijing Municipal Development and Reform Commission recently issued the guidance manual on pilot policies and application of infrastructure REITs, which mainly interprets the basic concepts of infrastructure REITs and focuses on supporting the coordinated development in Beijing, Tianjin and Hebei. Energy infrastructure includes wind power, photovoltaic power generation, hydropower, natural gas power generation, biomass power generation Nuclear power and other clean energy projects as well as UHV transmission, microgrid, charging and other power grid projects can be declared. (State Administration of mine safety supervision)
Company dynamics
Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) (601218): after the meeting of the board of directors of the company, it is agreed that the company will buy back the company’s shares through its own funds in the form of centralized bidding transaction. The total amount of repurchase funds shall not be less than 25 million yuan, not more than 50 million yuan, and the repurchase price shall not exceed 8.94 yuan / share. The repurchased shares will be used for the subsequent implementation of equity incentive or employee stock ownership plan by the company.
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
