Recently, the Ministry of industry and information technology issued the 14th five year plan for Green Industrial Development (hereinafter referred to as the plan) to accelerate the transformation of low-carbon energy consumption. The plan proposes that by 2025, remarkable achievements will be made in the green and low-carbon transformation of industrial structure and production mode, green and low-carbon technology and equipment will be widely used, the energy and resource utilization efficiency will be greatly improved, and the green manufacturing level will be comprehensively improved, so as to lay a solid foundation for the carbon peak in the industrial field in 2030.
Industry insiders said that green power is mainly renewable energy, with low carbon emission level and little impact on the environment, including Cecep Solar Energy Co.Ltd(000591) , wind energy, biomass energy and geothermal energy, which is the direction of low-carbon transformation of energy.
Stimulated by the above positive factors, the green power sector rose 3.54% last Friday, ranking first in the subject matter increase list. Huaneng Power International Inc(600011) , Cecep Solar Energy Co.Ltd(000591) , Shanghai Electric Power Co.Ltd(600021) , Fujian Funeng Co.Ltd(600483) , Zhongmin Energy Co.Ltd(600163) and other stocks rose one after another. According to the statistics of securities times · databao, the main capital of green power concept stocks totaled 3.732 billion yuan on the same day, and five stocks such as Cecep Solar Energy Co.Ltd(000591) , China Three Gorges Renewables (Group) Co.Ltd(600905) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Jilin Electric Power Co.Ltd(000875) , Huaneng Power International Inc(600011) received a net capital inflow of more than 200 million yuan.
green power transaction premium space
is expected to open
In recent months, green power favorable policies have been intensively introduced. In September this year, China’s green power trading pilot was officially launched. Green power trading platform is based on power market-oriented trading and provides a power source traceability and certification mechanism, which helps to promote the use of clean power.
On November 24, the meeting of the central Deep Reform Commission proposed to build a national unified power market system, promote the construction of power market mechanism to adapt to the transformation of energy structure, and orderly promote the participation of new energy in market transactions. On the same day, the State Grid issued the inter provincial power spot trading rules, proposing that all power generation types and enterprises can participate in inter provincial power spot trading, and encouraging inter provincial green power trading.
On December 1, the Department of ecological environment of Shandong Province issued the alternative measures for carbon emission reduction of high energy consumption and high emission construction projects in Shandong Province (for Trial Implementation), which requires that new investment projects in 16 industries with high energy consumption and high emission, such as coal power and refining, in the six high energy consumption industries, must complete the corresponding carbon emission reduction through the use of clean electricity, shutdown and conversion of production, technology upgrading, etc, Otherwise, the project shall not be put into operation.
China Securities Co.Ltd(601066) securities research report pointed out that it is mandatory to adopt green power production or other methods to reduce emissions for new high energy consuming projects, otherwise the project cannot be put into operation, which makes the enterprise’s demand for green power change from active to passive, from voluntary to mandatory. The continuous opening of green power demand space is conducive to the embodiment of the green value of green power, and the green power transaction premium space is expected to be further opened.
institutions get together to pay attention to
4 low P / e concept stocks
According to data treasure statistics, as of the closing on December 3, the market value of green power concept stocks A-Shares totaled 2.63 trillion yuan. Since this year, the average increase of concept stocks has reached 54.48%. The cumulative increase of 15 stocks doubled during the year, including China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) , Sichuan New Energy Power Company Limited(000155) , Shenzhen Sunrise New Energy Co.Ltd(002256) , Tianjin Guangyu Development Co.Ltd(000537) , Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) .
During September this year, green power was touted by funds. Due to the cross-border transformation of new energy Tianjin Guangyu Development Co.Ltd(000537) , several trading boards were closed at one time. The biggest increases in individual stocks such as Fujian Mindong Electric Power Limited Company(000993) , Zhongmin Energy Co.Ltd(600163) , Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) , Jiangsu New Energy Development Co.Ltd(603693) , Shanghai Electric Power Co.Ltd(600021) also exceeded 80%.
After October, the overall performance of the green power sector was weak and reactivated in recent days. Compared with the high point of the year, the latest price of some concept stocks has been greatly adjusted. According to data treasure statistics, the latest closing prices of Chn Energy Changyuan Electric Power Co.Ltd(000966) , Datang Huayin Electric Power Co.Ltd(600744) , China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) , Shenzhen Sunrise New Energy Co.Ltd(002256) , Jinneng Holding Shanxi Electric Power Co.Ltd(000767) have retreated by more than 30% compared with the highs of the year.
From the current valuation level, the rolling P / E ratio of 31 stocks is less than 30 times, including Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Cgn Power Co.Ltd(003816) , China National Nuclear Power Co.Ltd(601985) , China Yangtze Power Co.Ltd(600900) , Huaneng Lancang River Hydropower Inc(600025) and other stocks with a market value of 100 billion. Among these concept stocks with relatively low P / E ratio, according to the consistent prediction data of more than five institutions, Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Ming Yang Smart Energy Group Limited(601615) , Chongqing Three Gorges Water Conservancy And Electric Power Co.Ltd(600116) , Dynagreen Environmental Protection Group Co.Ltd(601330) the net profit of four stocks in 2021 is predicted to grow by more than 50%.
(Securities Times)
