Sichuan caizhou viewpoint
Electricity demand is growing steadily. The National Bureau of Statistics recently released the national power operation data from January to February 2021. From January to February, the power generation was 1314.1 billion kwh, a year-on-year increase of 4.0%. In terms of varieties, thermal power, hydropower, nuclear power and Cecep Solar Energy Co.Ltd(000591) power generation increased by 4.3%, 8.2%, 9.6% and 6.5% respectively year-on-year, and wind power decreased by 7.6%. The growth rate of photovoltaic power generation has slowed down, and the growth rate of wind power has changed from positive to negative. First, the scenery resources from January to February are lower than that in the same period last year, and second, it is affected by the high base of power generation in the same period last year. The growth rate of hydropower has changed from negative to positive, nuclear power has maintained a high growth, and the power generation structure has been continuously optimized. In terms of power consumption, from January to February, the power consumption of the whole society was 1346.7 billion kwh, a year-on-year increase of 5.8%. Among them, the domestic power consumption of primary industry, secondary industry, tertiary industry and urban and rural residents increased by 12.8%, 3.4%, 7.2% and 13.1% respectively year-on-year. The production and domestic electricity consumption has maintained rapid growth, and the national economy has recovered steadily. With the implementation of the steady growth policy and the promotion of large-scale infrastructure projects, the subsequent power demand will still maintain a high growth.
Pumped storage power station ushered in rapid development. With the rapid development of new energy power generation, solving the problem of power load has become a key link in the development of new energy. As a flexible regulating power supply, pumped storage power station can greatly promote the consumption of clean energy. The previously released medium and long term development plan for pumped storage (20212035) proposed that by 2025, the total scale of pumped storage will be more than 62 million KW; By 2030, the total scale of production will be about 120 million KW. The relevant statement of “strengthening the construction of pumped storage power stations” has also been added to the government work report. Recently, the State Grid Zhejiang Taishun and Jiangxi Fengxin pumped storage power station projects started construction at the same time, with an installed capacity of 1.2 million KW and a total investment of 14.773 billion yuan. The construction of pumped storage power station industry has ushered in accelerated development, and the relevant power generation equipment industry is expected to benefit.
Market performance in one week
This week, the power industry index fell 4.21%, the Shanghai stock index fell 1.47%, and the Shanghai and Shenzhen 300 index fell 1.07%. Among the sub sectors, the thermal power index fell 4.73%, the hydropower index fell 4.05%, the photovoltaic power index fell 5.54% and the wind power index fell 5.03%.
Industry dynamics
Shanxi Yangquan released the work plan for new and renewable energy in 2022. The plan points out that we should promote the construction of key centralized wind power and photovoltaic projects, preferably apply for wind power and photovoltaic projects, and actively strive for the project construction indicators in 2022. Simultaneously promote the construction of new energy supporting energy storage projects.
Company announcement
Cgn Power Co.Ltd(003816) ( Cgn Power Co.Ltd(003816) ): the annual report of 2021 was released, and the operating revenue was 80.679 billion yuan, a year-on-year increase of 14.30%; The net profit attributable to shareholders of listed companies was 9.733 billion yuan, a year-on-year increase of 1.78%.
Risk tips: the epidemic situation fluctuates beyond expectations, the price of raw materials fluctuates sharply, and the construction of new energy is less than expected.
