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On January 5, 2022, the Shanghai Composite Index closed at 3595.18 points, down 1.02%; The Shenzhen composite index closed at 14525.76 points, down 1.80%; The power sector index closed at 3352.12 points, down 3.04%. Among them, the top three companies in the photovoltaic equipment sector are: Gcl System Integration Technology Co.Ltd(002506) (002506. SZ, 1.57%), Ginlong Technologies Co.Ltd(300763) (300763. SZ, 1.09%), Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029) (300029. SZ, - 0.28%). The top three companies in the wind power equipment sector are: Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) (603507. Sh, - 1.77%), Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) (300850. SZ, - 2.39%), Zhejiang Windey Co.Ltd(300772) (300772. SZ, - 2.44%). The top three companies in the thermal power sector are: Shenyang Jinshan Energy Co.Ltd(600396) (600396. Sh, 5.37%), Guangzhou Development Group Incorporated(600098) (600098. Sh, 3.51%), Huadian Power International Corporation Limited(600027) (600027. Sh, - 0.81%).
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The Ministry of industry and information technology and other five ministries and commissions issued the action plan for innovation and development of intelligent photovoltaic industry (2021-2025). The plan proposes that by 2025, the intelligent level of photovoltaic industry will be significantly improved and industrial technological innovation will make breakthroughs. The mass production conversion efficiency of the new high-efficiency Cecep Solar Energy Co.Ltd(000591) battery has been significantly improved, forming a complete supporting capacity of silicon materials, silicon wafers, equipment, materials and devices. The construction of intelligent photovoltaic industry ecosystem has been basically completed, and the integration level with the new generation of information technology has been gradually deepened. Significant progress has been made in intelligent manufacturing and green manufacturing, and the supply capacity of intelligent photovoltaic products has been enhanced. The ability to support new power systems has been significantly enhanced, and the characteristic application fields of intelligent photovoltaic have been greatly expanded. The construction of Shanxi Guoxin Energy Corporation Limited(600617) power generation continues to make breakthroughs. In 2021, the installed capacity of renewable energy power generation in China will historically exceed 1 billion kw, and the annual power generation capacity of new energy will exceed 1 trillion kwh for the first time. With the recent fall of silicon price, the cost pressure of photovoltaic power generation industry chain will be relieved. In terms of demand, with the continuous promotion of new energy power generation projects, the demand is expected to pick up.
Industry dynamics
1. Guangdong energy group and Nayong County Government of Bijie, Guizhou signed an investment and development agreement on wind and solar power generation: according to the agreement, the joint stock company will invest in the construction of photovoltaic and wind power projects in Nayong County, with an estimated installed capacity of 780000 kW and a total investment of about 4.1 billion yuan. The signing of the agreement is of great significance to promote the large-scale and high-quality development of clean energy in Nayong County, promote the combination of agriculture and light complementary industries, build a new agricultural industrial system, gather new momentum for rural revitalization, and better consolidate the achievements in poverty alleviation. (Polaris power grid)
2. Liaoning released the optimization results of the "construction plan of the first batch of new wind power projects in the province": Liaoning Provincial Development and Reform Commission and others issued the notice on printing and distributing the construction plan of the first batch of new wind power projects in the province. A total of 7.25gw wind power projects are included in the list, and this batch of projects must be completed and put into operation before the end of 2023. (Polaris power grid)
Company dynamics
Sichuan New Energy Power Company Limited(000155) (000155): Sichuan energy investment Huidong New Energy Development Co., Ltd., subordinate to Sichuan energy investment Wind Power Development Co., Ltd., the holding subsidiary of the company, plans to invest in the construction of phase I wind farm project in Xiaojie, Huidong County. The total investment of the project is 1186.47 million yuan, and the total construction period is about 20 months. The specific commencement time will be reasonably arranged according to the access approval and commencement procedures.
Huaneng Lancang River Hydropower Inc(600025) (600025): according to the statistics of Huaneng Lancang River Hydropower Inc(600025) (hereinafter referred to as the company), as of December 31, 2021, the company completed 94.396 billion kwh of power generation in 2021, a year-on-year decrease of 3.25%, and 93.707 billion kwh of on grid power generation, a year-on-year decrease of 3.25%.
Risk warning: the epidemic situation fluctuates more than expected, the installed capacity is less than expected, and the power generation construction is less than expected.
