Events
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%; The power sector index closed at 3201.38 points, up 2.52%. Among them, the top three companies in the photovoltaic power generation sector are: Tunghsu Azure Renewable Energy Co.Ltd(000040) (000040. SZ, 2.94%), Shenzhen Sunrise New Energy Co.Ltd(002256) (002256. SZ, 2.93%), Kelin Environmental Protection Equipment Inc(002499) (002499. SZ, 1.75%). The top three companies in the thermal power sector are: Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) (600863. Sh, 5.97%), Xinjiang Tianfu Energy Co.Ltd(600509) (600509. Sh, 5.09%), Top Energy Company Ltd.Shanxi(600780) (600780. Sh, 4.57%).
Comments
On January 28, 2022, the national development and Reform Commission and the Energy Administration issued the guiding opinions on accelerating the construction of a national unified power market system. The opinions pointed out that we should speed up the construction of the national power market and put forward the long-term goal of initially completing the national unified power market system by 2025 and basically completing the national unified power market system by 2030. At present, there are still some problems in China’s power market, such as incomplete system, imperfect functions and inconsistent trading rules. With the vigorous construction of clean energy, the large-scale access of new energy power generation in the future puts forward higher requirements for the trading mechanism of the power market. The construction of a multi-level unified power market system will help to improve the adaptability of the power market to a high proportion of new energy, ensure the stable supply of power and promote the optimal allocation of resources. Under the background of accelerating the implementation of the “double carbon” goal and the continuous improvement of the power market system, the power industry may usher in further development.
Industry dynamics
\u3000\u30001. By the end of 2021, Hainan’s total installed capacity was about 10.42 million KW, with clean energy accounting for 70%. By the end of 2021, Hainan’s total installed capacity was about 10.42 million KW, including 9.489 million kw of unified commissioning and 70.9% of clean energy, 23 percentage points higher than the national average. The electricity consumption of the whole society was about 40.5 billion kwh, a year-on-year increase of 11.6%; Among them, the cumulative power generation of unified regulation was 35.412 billion kwh, a year-on-year increase of 13.32%, and the power generation of clean energy was 20 billion kwh, accounting for 56.5%. (International Tourism Island Business Daily)
\u3000\u30002. The installed capacity of new energy in Hebei Southern Power Grid has exceeded 40%: by the end of 2021, the installed capacity of new energy in Hebei Southern Power Grid has reached 22.46 million KW, accounting for 41.7% of the total installed capacity. By the end of 2021, the installed capacity of large-scale wind power in Hebei South Power Grid has reached 3.9 million KW; The installed capacity of centralized and distributed PV reaches 18.56 million KW. (interface News)
Company dynamics
Datang Huayin Electric Power Co.Ltd(600744) (600744): Datang Huayin Electric Power Co.Ltd(600744) (hereinafter referred to as “the company”) has received the notice on Datang Huayin Zhuzhou 2 issued by Hunan development and Reform Commission × Reply to 1 million KW capacity expansion, upgrading and transformation project, Datang Huayin Zhuzhou 2 × The 1 million kilowatt capacity expansion, upgrading and transformation project was approved. The total investment of the project is planned to be 76.1975 million yuan. The project capital accounts for 30% of the total investment, and the rest is solved through bank loans.
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.
