Events
On February 22, 2022, the Shanghai Composite Index closed at 3876.79 points, down 0.96%; Shenzhen composite index closed at 13297.11 points, down 1.29%; The power sector index closed at 3152.12 points, down 1.19%. Among them, the top three companies in the photovoltaic power generation sector are: Lingda Group Co.Ltd(300125) (300125. SZ, 2.73%), Beijing Xiaocheng Technology Stock Co.Ltd(300139) (300139. SZ, 2.68%), Jinko Power Technology Co.Ltd(601778) (601778. Sh, 1.88%). Thermal power sector today, two companies rose: Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) (600863. Sh, 3.66%), Guangzhou Hengyun Enterprises Holdings Ltd(000531) (000531. SZ, 0.98%).
Comments
The national development and Reform Commission and the Energy Administration jointly issued the implementation plan for the development of new energy storage in the 14th five year plan. The plan specifies that by 2025, the new energy storage will enter the stage of large-scale development from the initial stage of commercialization and have the conditions for large-scale commercial application. By 2030, new energy storage will be fully market-oriented. The plan proposes to strengthen the development of new energy storage on the power side and promote the construction of system friendly new energy power stations. In new energy resource rich areas such as Inner Mongolia, Xinjiang, Gansu and Qinghai, as well as other areas with high penetration of new energy, focus on the layout of a number of system friendly new energy power stations with reasonable new energy storage, so as to improve the competitiveness and capacity support capacity of new energy. With the deepening of the “double carbon” policy, the proportion of photovoltaic wind power and other new energy power generation in the energy structure continues to increase, but the intermittent and unstable characteristics of new energy power generation pose a challenge to the consumption capacity of the power grid. The development of new energy storage will effectively improve the grid connection and consumption capacity of new energy, promote the construction of new power system, and provide guarantee for the vigorous development of new energy.
Industry dynamics
\u3000\u30001. The “14th five year plan” for new infrastructure construction in Henan Province was issued: by 2025, there will be 200000 5g base stations and 150000 data center racks in the province, so as to achieve full coverage of Gigabit broadband for urban households, 100m optical fiber for rural households and 5g networks above villages and towns; By 2035, the construction scale and development level of new infrastructure in the province will enter the national advanced ranks, the high-level new infrastructure system will be more perfect, and the information infrastructure will take the lead in an all-round way. (Polaris power grid)
\u3000\u30002. Commencement of Fujian Zhangzhou Development Co.Ltd(000753) 20 MW distributed photovoltaic power generation project: with a total investment of nearly 90 million yuan, the project adopts the mode of “spontaneous self use and surplus power on the Internet” and uses the 150000 square meters of roof resources of Fuxin special steel company to build a 20 MW distributed photovoltaic power generation project, which is undertaken by Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Fujian engineering company. The project is planned to be completed before June 2022 to realize grid connected power generation. After the completion of the project, it can provide about 23 million degrees of green and clean power per year. (interface News) the net profit attributable to shareholders of listed companies was 768 million yuan, an increase of 24.22% over the previous year. By the end of 2021, the company was in good financial condition, with total assets of 39.416 billion yuan, an increase of 18.47% over the beginning of the year; The owner’s equity attributable to shareholders of listed companies was 10.66 billion yuan, an increase of 8.45% over the beginning of the year; The asset liability ratio was 71.12%, an increase of 2.87 percentage points over the beginning of the year.
Company dynamics
Cecep Wind-Power Corporation(601016) (601016): in 2021, the total operating revenue was 3.539 billion yuan, an increase of 32.68% over the previous year; The net profit attributable to shareholders of listed companies was 768 million yuan, an increase of 24.22% over the previous year. By the end of 2021, the company was in good financial condition, with total assets of 39.416 billion yuan, an increase of 18.47% over the beginning of the year; The owner’s equity attributable to shareholders of listed companies was 10.66 billion yuan, an increase of 8.45% over the beginning of the year; The asset liability ratio was 71.12%, an increase of 2.87 percentage points over the beginning of the year.
Risk tip: the epidemic situation fluctuates more than expected, and the price of raw materials fluctuates sharply.
