Events
On February 10, 2022, the Shanghai Composite Index closed at 3485.91 points, up 0.17%; Shenzhen composite index closed at 13432.07 points, down 0.73%; The power sector index closed at 3281.31 points, up 0.75%. Among them, the top three companies in the photovoltaic power generation sector are: Kelin Environmental Protection Equipment Inc(002499) (002499. SZ, 3.45%), Roshow Technoiogy Co.Ltd(002617) (002617. SZ, 1.63%), Cecep Solar Energy Co.Ltd(000591) (000591. SZ, 1.51%). The top three companies in the thermal power sector are: Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) (600863. Sh, 2.56%), Jinneng Holding Shanxi Electric Power Co.Ltd(000767) (000767. SZ, 1.77%), Zhejiang Zheneng Electric Power Co.Ltd(600023) (600023. Sh, 1.59%).
Comments
On February 9, the general office of Zhejiang Provincial People’s government issued the 2022 implementation plan of “4 + 1” major project construction plan in Zhejiang Province. The plan proposes to strive for more major projects to be included in the separate list of national energy consumption, establish a linkage mechanism between energy consumption double control and energy efficiency standards and major projects, and give priority to ensuring the energy consumption of high-efficiency and low-consumption projects. In the special action of clean energy investment, 100 billion yuan of energy investment was completed. With the promotion of the 14th five year energy plan, local investment in clean energy is also increasing. At the same time, since this year, the state has paid attention to the investment in large-scale infrastructure projects, superimposed on the rapid growth of production and domestic power demand, and the power infrastructure projects dominated by clean energy are expected to be promoted rapidly. The vigorous investment in new energy will drive the high-quality development of the power industry and promote the transformation and upgrading of the energy structure.
Industry dynamics
\u3000\u30001. In 2021, Inner Mongolia delivered 50 billion kwh of new energy: in 2021, the power delivered by Inner Mongolia Autonomous Region reached 246.7 billion kwh, with a year-on-year increase of 6.8%, accounting for more than 15% of the power delivered across provinces and regions in China, leading the country for 17 consecutive years. In 2021, 50 billion kwh of new energy electricity will be delivered, accounting for more than 20% of the electricity delivered. The coal output of the whole region is 1.063 billion tons, the newly put into operation installed power capacity is 8.55 million KW, the total installed power capacity is 154 million KW, and the annual power generation is 600 billion kwh. (Polaris power grid)
\u3000\u30002. The substation of Hainan refining and chemical ethylene project has received power successfully: Recently, the 220 kV main substation of Hainan refining and chemical 1 million T / a ethylene and oil refining reconstruction and expansion project has received power successfully at one time, and all indicators meet the requirements, which is the first main item of the company’s new ethylene project fully put into operation. The station is currently the largest indoor 220 kV Substation in Hainan Province, with four 150 MVA main transformers, advanced and reliable electrical equipment, expert diagnosis system and equipment online monitoring system. All technical and economic indicators are excellent. ( China Petroleum & Chemical Corporation(600028) report)
Company dynamics
Beijing Jingneng Power Co.Ltd(600578) (600578): according to the company’s statistics, the company’s subordinate holding power generation enterprises completed 18.407 billion kwh of power generation in the fourth quarter of 2021 (October December), a year-on-year decrease of 7.16%; In 2021, the total power generation completed was 72.138 billion kwh, a year-on-year decrease of 2.48%. In the fourth quarter of 2021 (October December), the operating power generation enterprises controlled by the company completed 16.959 billion kwh of on grid power, with a year-on-year decrease of 7.48%; In 2021, a total of 66.501 billion kwh of on grid electricity was completed, a year-on-year decrease of 2.67%.
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.
