Events
On February 21, 2022, the Shanghai Composite Index closed at 3490.61 points, basically the same as the previous trading day; Shenzhen composite index closed at 13471.16 points, up 0.09%; The power sector index closed at 3190.22 points, up 0.23%. Among them, the top three companies in the photovoltaic power generation sector are Roshow Technoiogy Co.Ltd(002617) (002617. SZ, 2.44%), Jiangsu Linyang Energy Co.Ltd(601222) (601222. Sh, 2.38%), Lingda Group Co.Ltd(300125) (300125. SZ, 2.34%). The top three companies in the thermal power sector are: Beijing Jingneng Power Co.Ltd(600578) (600578. Sh, 3.32%), Jinneng Holding Shanxi Electric Power Co.Ltd(000767) (000767. SZ, 2.85%), Henan Yuneng Holdings Co.Ltd(001896) (001896. SZ, 2.43%).
Comments
Recently, the national development and Reform Commission, the national energy administration and other departments jointly issued the notice on printing and Distributing Several Policies to promote the steady growth of industrial economy. In terms of Finance and credit, the notice proposes to implement the green and low-carbon transformation financial policies for coal and power industries, promote financial institutions to accelerate the progress of credit extension, and support the construction of major projects for carbon emission reduction and clean and efficient utilization of coal. In terms of investment policy, the notice requires to promote the transformation and upgrading of coal-fired power units with a power supply coal consumption of more than 300g standard coal / kWh, implement the flexible transformation of coal-fired power units in northwest, northeast and North China, and speed up the transformation of heating units. The policy still maintains a positive attitude towards energy transformation. With the continuous promotion of thermal power transformation and the improvement of resource utilization efficiency, the profitability of coal-fired power enterprises will be improved. In addition, the implementation of green and low-carbon financial policy will provide stable financial support for coal-fired power transformation and accelerate the transformation progress of coal-fired power units. Thermal power transformation and new energy related construction are still the development focus of the power industry in the future.
Industry dynamics
\u3000\u30001. Soliciting opinions on the 14th five year plan for energy development in Guangzhou: Recently, the Guangzhou Municipal Development and Reform Commission issued an announcement on publicly soliciting opinions on the 14th five year plan for energy development in Guangzhou, which pointed out that we should strengthen the guidance of energy strategic planning and establish and improve the institutional framework of "controlling the middle and liberalizing the two ends" of power grid and gas network around the country, Accelerate the implementation of energy system and mechanism reform in Guangzhou. (Polaris power grid)
\u3000\u30002. Wuhai pumped storage power station project in Inner Mongolia was approved: Wuhai pumped storage power station project was approved by the Energy Bureau of the autonomous region. Wuhai pumped storage power station in Inner Mongolia is located in Haibowan District, Wuhai City. The total installed capacity of the project is 1.2 million KW, and four 300000 kW reversible water pump turbines are built, with a total investment of 8.611 billion yuan. (Polaris power grid)
Company dynamics
Huaneng Power International Inc(600011) (600011): the company has recently completed the issuance of the third phase of ultra short-term financing bonds in Huaneng Power International Inc(600011) 2022. The issue amount is 2 billion yuan, the term is 32 days, the unit face value is 100 yuan, and the issue interest rate is 2.00
Risk tip: the epidemic situation fluctuates more than expected, and the price of raw materials fluctuates sharply.
