Since 2022, the wind power industry has made a good start.
According to Western Securities Co.Ltd(002673) incomplete statistics, in January 2022, the bidding volume of wind turbines in China was 10.56gw, a year-on-year increase of 266% and a month on month increase of 41%, of which the bidding volume of onshore wind turbines was 7.16gw, a year-on-year increase of 148%, a month on month decrease of 4%, and the bidding volume of offshore wind turbines was 3.40gw.
In the case of hot bidding in the wind power industry, the price trend of wind turbine has aroused market attention.
For example, on February 9, the bid opening of the 500MW wind power project in beligutai, Abaga banner, China Resources Power, the average quotation is converted into the unit price of 2092 yuan / kW, and the lowest quotation minus the tower is about 1550 yuan / kw-1600 yuan / kW, refreshing the lowest price of the fan up to now; On January 27, the bid winning of zheneng Taizhou No. 1 project was announced. The price of wind turbine generator including tower was as low as 3548 yuan / kW. If the tower price was converted according to 450 yuan / kW, the price of the project was as low as 3098 yuan / kW, which also refreshed the lowest unit price of offshore generator up to now.
However, judging from the recent bidding price, the host price has stopped falling and stabilized.
The 21st Century Business Herald reporter noted that the leading wind power enterprises in the A-share market still maintained a high performance growth rate. Under the trend of wind power parity, many relevant industrial chain companies have taken corresponding measures to reduce costs and increase efficiency.
fan price reduction seems to be stabilizing signal
After the rush to install since the end of 2020, China's wind power industry has gradually entered the era of parity. Since the second half of 2021, the bidding price of wind turbine has been declining, which has affected the hearts of many market people.
The 21st Century Business Herald reporter noted that in June 2021, in the whole machine market all over the country, the average price of the whole market quotation participated by 3MW machine manufacturers was 2616 yuan / kW, and the average price of the whole market quotation participated by 4MW meter manufacturers was 2473 yuan / kW However, by the end of 2021, the lowest bid winning price for onshore fan procurement excluding tower is close to 2000 yuan / kW, which is significantly lower than that half a year ago.
In January 2022, the lowest quotation of some wind turbine bidding projects reached a new low.
"With the popularity of the wind power market, the current industrial chain, including complete machine manufacturers and parts manufacturers, are willing to expand production capacity to seize the market, or increase the supply of the future market. With the growth of production capacity, it will decline relative to the price, which is why the price of wind turbines will decline, but the overall industrial chain will maintain a good profit margin direction." On February 24, a senior industry person in China's wind power industry was interviewed and pointed out that.
In addition, according to the industry, behind the rapid parity of offshore wind power, there is another reason is that there is a rush to install offshore wind turbines in 2021. In the case of rush to install, it will cause relative tension in the industrial chain and some price imbalance or price distortion. Now the overall industrial chain does not have so much pressure on rush loading, and there will be a rational return of price, which is a normal state.
It is worth noting that after the rapid "parity" of wind power prices in 2021, some market participants believe that the current bidding price of wind power shows a stabilizing trend.
In mid February, Ming Yang Smart Energy Group Limited(601615) once said on the interactive platform that according to the company's own statistics, the average bidding price of the wind power industry has remained stable for five months and has rebounded slightly since 2022. As the cost reduction caused by the large-scale unit continues, the stability or rise of the bid winning price of the fan will have a positive impact on the operation.
According to public information, on February 15, Ming Yang Smart Energy Group Limited(601615) was the first candidate for winning the bid in the publicity of the successful candidates for the procurement of wind turbines and ancillary equipment (including towers) of suzuoqi 500MW wind power project and Abaga Qi 300MW wind power project of Jingneng chagannaor power plant wind and fire hydrogen storage demonstration project, Won the bid for lot I (300MW) of suzuoqi 500MW wind power project of Jingneng chagannaoer power plant wind and fire hydrogen storage demonstration project. The bid price is 703350000 yuan, equivalent to 2344.5 yuan / kW.
On February 18, the centralized procurement of Longyuan Power fans under the national energy group was opened. Among the 9 projects, the lowest bid price is 1705 yuan / kW equivalent to Shanghai Electric Wind Power Group Co.Ltd(688660) The average converted unit price of the project bidding is between 1821 yuan / kW and 2217 yuan / kW. According to the analysis of industry observers, except for individual projects, the average price of most projects is 2000 yuan / kW. From the analysis of models, the trend of price reduction may have stopped.
reducing cost and increasing efficiency into market trend
It is worth mentioning that looking back at 2021, although the price of wind turbine has decreased, the performance of leading enterprises is still relatively excellent.
Benefiting from the continuous drive of cost reduction and efficiency increase measures such as large-scale, scientific and technological and industrial chain optimization, the leaders of the wind power industry have achieved good performance, and the prosperity of the industry continues to rise.
On January 11, Zhejiang Windey Co.Ltd(300772) disclosed the 2021 annual performance forecast, which said that in 2021 Zhejiang Windey Co.Ltd(300772) is expected to achieve a net profit of 430-550 million yuan, a year-on-year increase of 148.55% ~ 217.91%; On January 25, Ming Yang Smart Energy Group Limited(601615) announced the performance forecast for 2021, which is expected to achieve a net profit of 2.9 billion ~ 3.2 billion yuan, an increase of 111.05% ~ 132.88% year-on-year compared with 2020; Haili wind power released the performance forecast for 2021. It is expected to make a net profit of 1.046-1.231 billion yuan in 2021, an increase of 70% - 100% year-on-year.
In fact, after the onshore wind power parity in 2021, the large-scale unit has promoted the general trend of cost reduction, and the supply chain pattern has been further optimized.
The above-mentioned senior industry personage said: "the reason why these enterprises can still maintain high economic benefits lies in the continuous cost reduction and efficiency increase of the industrial chain, such as the replacement of some important imported parts; the second is from the large-scale of wind turbines, such as adding new orders for models above 4 MW and 5 MW, and using large-scale wind turbines to improve the efficiency of wind energy conversion."
Xinjiang Goldwind Science And Technology Co.Ltd(002202) in response to investors' questions, it was also mentioned that the company actively took various measures to continuously optimize its operation, such as cost control, cost reduction, improving R & D input-output rate, improving production and operation efficiency through lean manufacturing, and promoting the platformization, component modularization and equipment lightweight of unit equipment products. At the same time, the company also pays attention to common value creation and sharing in the construction of all excellent industrial chain, improves delivery efficiency and promotes the improvement of gross profit margin by cooperating with suppliers to reduce costs.
February 24, Xinjiang Goldwind Science And Technology Co.Ltd(002202) people from the Securities Department said frankly to the reporter of the 21st Century Business Herald: "The technological progress of the whole wind power industry is also accelerating. With the advent of the era of parity, the whole wind power industry needs to reduce costs and support the large-scale development of the industry. From the perspective of future development, the installed capacity of the whole wind power industry will be much higher than that of the 13th five year plan. Therefore, for the whole industrial chain, we will have great confidence in the future development."
The securities department further added: "On the premise of large-scale development, the speed of cost reduction will continue to accelerate, but for the company and the whole industrial chain, the orders formed by the quotation in the current market actually need to be executed after one and a half to two years. Therefore, for the whole machine manufacturers, there will be a long time and space to reduce the cost of technology and manufacturing."
