Index
On Tuesday, March 1, 2022, as of the closing, the Shanghai Composite Index closed up 0.77% to 348883 points, the Shenzhen composite index closed up 0.24%, the gem index closed up 0.16%, and the turnover between the two markets reached 969.1 billion. In terms of sectors, infrastructure construction increased by 1.63%, wind power industry increased by 0.68% and photovoltaic industry increased by 0.40%.
Comments
The “14th five year plan” period is a critical period for implementing the goal of carbon peak and carbon neutrality. From the government work report of the local two sessions, the development of green and low-carbon economy has become the key task of many provinces and cities. While promoting and improving energy conservation and carbon reduction in the field of traditional energy, accelerating the construction of new energy and clean energy projects has become a top priority. For example, Shanghai has made it clear that the construction of offshore wind power and other projects will be accelerated in 2022, with a new installed photovoltaic capacity of 300000 kW; The installed capacity of new and renewable energy in Shandong is more than 10 million KW; Zhejiang has paid close attention to the construction of 10 billion clean energy projects and added more than 4 million kilowatts of wind and solar power installed capacity; Sichuan focuses on the clean energy industry and accelerates the complementary and integrated development of water, wind, phosgene and hydrogen; Correspondingly, the construction of power grid, charging pile and other infrastructure is also the focus of multi place 2022. Therefore, we judge that 2022 will be a great year for the development of new energy infrastructure. At present, the two sessions of the National People’s Congress and the National People’s Congress are about to be held, and the government work report is expected to add weight to the policies on the construction of new energy field. It is suggested to pay attention to the investment opportunities in the new energy infrastructure sector, such as Haili wind power, Jiangsu New Energy Development Co.Ltd(603693) , Zhongmin Energy Co.Ltd(600163) , Dajin Heavy Industry Co.Ltd(002487) , etc.
Industry dynamics
Recently, according to the spirit of the notice on matters related to the development and construction of wind power and photovoltaic power generation in 2021 issued by the national energy administration, Hainan Province has formulated the investment invitation (Competitive Allocation) scheme for offshore wind power projects in Hainan Province in combination with the energy development plan of Hainan Province in the 14th five year plan, the offshore wind farm project plan of Hainan Province and the actual situation of power construction. According to the plan, during the 14th Five Year Plan period, Hainan Province plans 11 sites as key projects in the near future, which are located in the northwest of Lingao, the northwest of Danzhou, the west of Dongfang, the west of Ledong and the southeast of Wanning. The planned installed capacity of a single site is 500000 kW ~ 1.5 million KW, and the total development capacity is 12.3 million KW. Among them, there are 3 demonstration projects with a total of 4.2 million KW, and other projects with a scale of 8.1 million KW. Resources are allocated to development enterprises through investment promotion (Competitive Allocation). (China Energy Network)
Company dynamics
Ming Yang Smart Energy Group Limited(601615) ( Ming Yang Smart Energy Group Limited(601615) ): in 2021, the company achieved an operating revenue of RMB 27.273 billion, with a year-on-year increase of 21.45%; The net profit attributable to the shareholders of the listed company was RMB 3.319 billion, a year-on-year increase of 141.56%; After deducting non recurring profits and losses, the net profit attributable to shareholders of listed companies was RMB 3.279 billion, a year-on-year increase of 134.21%; The basic earnings per share was RMB 1.73, a year-on-year increase of 82.11%. （iFinD）
Risk warning: the macro policy is not as expected; Raw material prices rose more than expected.
