Events
On March 16, 2022, the Shanghai Composite Index closed at 317071 points, up 3.48%; Shenzhen composite index closed at 1200096 points, up 4.02%; The power sector index closed at Xiamen East Asia Machinery Industrial Co.Ltd(301028) points, up 4.49%. Among them, the top three companies in the photovoltaic power generation sector are: Zhejiang Sunoren Solar Technology Co.Ltd(603105) ( Zhejiang Sunoren Solar Technology Co.Ltd(603105) . Sh, 4.92%), Roshow Technoiogy Co.Ltd(002617) ( Roshow Technoiogy Co.Ltd(002617) . SZ, 4.83%), Jiawei Renewable Energy Co.Ltd(300317) ( Jiawei Renewable Energy Co.Ltd(300317) . SZ, 3.97%). The top three companies in the thermal power sector are: Shenyang Jinshan Energy Co.Ltd(600396) ( Shenyang Jinshan Energy Co.Ltd(600396) . Sh, 10.13%), Shanghai Electric Power Co.Ltd(600021) ( Shanghai Electric Power Co.Ltd(600021) . Sh, 9.21%), Huaneng Power International Inc(600011) ( Huaneng Power International Inc(600011) . Sh, 8.82%).
Comments
Recently, the Tianjin Municipal Development and Reform Commission issued an announcement on the opinions of the implementation plan of energy conservation and emission reduction in Tianjin during the 14th five year plan (Draft for comments). The opinions pointed out that on the premise of ensuring energy security, we should continue to do a good job in coal control and promote clean and efficient utilization of coal. Orderly promote the conversion or shutdown of coal-fired self provided units, and promote the energy-saving upgrading and flexible transformation of active coal-fired power units. By 2025, the proportion of non fossil energy in total energy consumption will be more than 4 percentage points higher than that in 2020. During the “14th five year plan” period, we will complete the national target of reducing coal consumption by 10%. Overall, the future installed demand of new energy is expected to grow with certainty. Eliminating backward coal power and promoting the flexible transformation of units are conducive to promoting the rational utilization of resources. Thermal power will be transformed from main power supply to basic support and system regulatory power supply to ensure the stable operation of power system. The optimization of energy structure will help power enterprises improve their profit structure and enhance their core competitiveness.
Industry dynamics
1. Grid connected power generation of Beihai refining and chemical Cecep Solar Energy Co.Ltd(000591) project: relying on the abundant Cecep Solar Energy Co.Ltd(000591) wind energy resources in Beihai, the project adopts the ground fixed pile distributed photovoltaic power generation mode, with a designed total installed capacity of 35.5mwp. The construction scale of phase I is 19.45mwp on the DC side, with an annual power generation of 23 million kwh, which can save 7175 tons of standard coal and reduce 19118 tons of carbon dioxide. (Beihai daily)
Construction of 220kV booster substation in Xigang city and 160KV auxiliary substation in Huangguang city of Hubei Province are started, and 1 220kV booster substation and 2 auxiliary substations are connected in parallel. After the completion of the project, the annual power generation is expected to be about 220 million kwh, and it is planned to be put into operation by the end of 2022. (Polaris power grid)
Company dynamics
Ning Xia Yin Xing Energy Co.Ltd(000862) ( Ning Xia Yin Xing Energy Co.Ltd(000862) ): Ning Xia Yin Xing Energy Co.Ltd(000862) Ningdong 250MW photovoltaic hybrid power generation project has been filed with the development and Reform Commission of Ningxia Hui Autonomous Region. The total planned investment of the project is 107429 million yuan, which is constructed by Ning Xia Yin Xing Energy Co.Ltd(000862) Ningdong branch. （iFinD）
Risk tip: the epidemic fluctuation is higher than expected, and the installed capacity of new energy is lower than expected.
