Events
On February 14, 2022, the Shanghai Composite Index closed at 3428.88 points, down 0.98%; The Shenzhen composite index closed at 13123.21 points, down 0.77%; The power sector index closed at 3161.78 points, down 2.08%. Among them, the top three companies in the photovoltaic power generation sector are: Lingda Group Co.Ltd(300125) (300125. SZ, 2.75%), Beijing Xiaocheng Technology Stock Co.Ltd(300139) (300139. SZ, 2.36%), Zhejiang Sunoren Solar Technology Co.Ltd(603105) (603105. Sh, 0.78%). Only one company in the thermal power sector rose today: Spic Dongfang Energy Corporation(000958) (000958. SZ, 10.00%).
Comments
On February 9, the national development and Reform Commission and the National Energy Administration jointly held a meeting to arrange and deploy to continue to stabilize the coal market price, and interviewed and reminded some enterprises with falsely high coal prices found in the monitoring, requiring them to speed up the verification and rectification. Since the beginning of the year, affected by Indonesia’s coal import ban, combined with winter heating and a large demand for energy during the Winter Olympic Games, the coal price has risen rapidly. As of February 7, 2022, the spot price of thermal coal has reached the highest point of 1167.5 yuan / ton. However, driven by the gradual release of coal production after the year and the policy of ensuring supply and price stability, coal prices have fallen slightly recently. Under the goal of steady growth in 2022, the downstream high-energy consuming enterprises will gradually return to work and production, and the energy demand will gradually rise. It is expected that the coal price will remain relatively high in the first half of the year. Power enterprises dominated by thermal power have certain cost pressure in the short term, but driven by the transformation of traditional coal and electricity and the transformation of new energy, the industry profit is expected to gradually improve.
Industry dynamics
\u3000\u30001. Nantong new energy grid connection scale exceeded 9.1 million KW: State Grid Nantong Power Supply Company held a working meeting in 2022. The reporter learned from the meeting that last year, the electricity consumption of Nantong was 54.17 billion kwh, a year-on-year increase of 13.5%, and the maximum power load of power grid dispatching was 9.689 million KW, a year-on-year increase of 11.1%; The installed capacity of new energy is 9.108 million KW, accounting for 56.1% of the total installed capacity. It is estimated that it will be close to 16 million KW by the end of the 14th five year plan. The economic and social effects of marine central cities and the capital of wind power industry are prominent. (China Jiangsu network)
\u3000\u30002. The installed capacity of new energy in Hebei Southern Power Grid has reached 22.46 million KW: State Grid Hebei electric power actively serves the development and utilization of clean energy such as wind power and photovoltaic, fully serves the grid connection of new energy projects, scientifically plans the coordinated development of power grid, ensures the safe and economic access of new energy, and helps the large-scale development of new energy. In 2021, the installed capacity of Hebei South Grid new energy reached 22.46 million KW, accounting for 41.7% of the total installed capacity, and the installed capacity increased by about 34% compared with the beginning of the year. (Hebei Economic Network)
Company dynamics
China Suntien Green Energy Corporation Limited(600956) (600956): with the approval of the reply on approving China Suntien Green Energy Corporation Limited(600956) non-public shares issued by the China Securities Regulatory Commission (zjxk [2021] No. 2730), the company privately issued 337182677 A-share shares to specific institutions, with a par value of 1 yuan per share, an issue price of 13.63 yuan per share and a total raised capital of 4595799887.51 yuan, After deducting the issuance expenses (excluding value-added tax), the actual net amount of funds raised is RMB 45055183.47.
Risk tip: the epidemic situation fluctuates more than expected, and the price of raw materials fluctuates sharply.
