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top level design issued hydrogen energy concept stock explosion Lanzhou Ls Heavy Equipment Co.Ltd(603169) , Fujian Snowman Co.Ltd(002639) and other multi stock limit
Boosted by the news of the introduction of the medium and long-term plan for the development of hydrogen energy industry, hydrogen energy concept stocks rose strongly on the 23rd. As of press time, Hengguang’s “20cm” limit, Lanzhou Ls Heavy Equipment Co.Ltd(603169) , Huadian Heavy Industries Co.Ltd(601226) , Fujian Snowman Co.Ltd(002639) , Guangdong No.2 Hydropower Engineering Company Ltd(002060) , Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) , Beijing Jingcheng Machinery Electric Company Limited(600860) and other more than 10 shares rose.
In terms of news, on March 23, the national development and Reform Commission and the National Energy Administration jointly issued the medium and long term plan for the development of hydrogen energy industry (20212035). The plan proposes that by 2025, a relatively perfect institutional and policy environment for the development of hydrogen energy industry will be formed, the industrial innovation ability will be significantly improved, the core technology and manufacturing process will be basically mastered, and a relatively complete supply chain and industrial system will be preliminarily established. Remarkable achievements have been made in the demonstration and application of hydrogen energy, great progress has been made in clean energy hydrogen production and hydrogen energy storage and transportation technology, and the market competitiveness has been greatly improved. A hydrogen energy supply system focusing on the nearby utilization of industrial by-product hydrogen and renewable energy hydrogen production has been preliminarily established. The number of fuel cell vehicles is about 50000, and a number of hydrogenation stations are deployed. Hydrogen production from renewable energy has reached 1 China Vanke Co.Ltd(000002) 00000 tons / year, which has become an important part of new hydrogen energy consumption and achieved carbon dioxide emission reduction of 1-2 million tons / year.
After another five years of development, by 2030, a relatively complete technological innovation system for hydrogen energy industry and a clean energy hydrogen production and supply system will be formed. The industrial layout will be reasonable and orderly, and hydrogen production from renewable energy will be widely used, which will strongly support the realization of the carbon peak goal. By 2035, a hydrogen energy industry system will be formed to build a diversified hydrogen energy application ecology covering transportation, energy storage, industry and other fields. The proportion of hydrogen production from renewable energy in terminal energy consumption has increased significantly, which plays an important supporting role in the green transformation and development of energy.
Citic Securities Company Limited(600030) pointed out that in 2021, with the implementation of the demonstration application policy, hydrogen energy enterprises will be more clear about the amount of subsidies and product pricing, and the orders of fuel cell vehicle industry chain will increase significantly. Inspired by the medium and long-term industrial planning and the “double carbon” goal, local governments and state-owned enterprises are also expected to actively promote the implementation of hydrogen energy projects and “carbon reduction” applications. We expect that the new increment of fuel cell vehicles in 2022 is expected to reach the level of 8000 ~ 10000, among which hydrogen energy heavy trucks have obvious promotion advantages in terms of subsidy amount and application scenarios. According to the statistics of China Automobile Association, the production and sales of fuel cell vehicles increased by more than twice year-on-year in the first two months of this year. We expect that the sales volume of passenger cars / heavy trucks / logistics vehicles will reach 1000 / 3500 / 4500 respectively in 2022. In addition, the shipment volume of hydrogen production, electrolytic cell and storage / transportation / processing industrial chain equipment will also accelerate with the large volume of vehicles, and the industrial development is expected to press the fast forward key.
The agency said that the market of hydrogen energy sector in 2021 was mainly driven by policies, and the introduction of industry development plans may bring a new round of catalyst to hydrogen energy companies, pushing the stock price into a new round of rise. With the increase of layout enterprises and the appearance of policy effects, the expectation of industry industrialization acceleration is more clear. We suggest that we focus on companies that have a first mover advantage that are actively laying out at every link in the hydrogen energy industry chain: fuel cell stacks, system related related 6883 Beijing Sinohytec Co.Ltd(688339) \ , Fujian Snowman Co.Ltd(002639) , Moon Environment Technology Co.Ltd(000811) Zhangjiagang Furui Special Equipment Co.Ltd(300228) , related to green hydrogen production and application Ningxia Baofeng Energy Group Co.Ltd(600989) .
heavy planning document issued UHV, energy storage and other new energy sectors rose collectively stocks lifted the limit
Stimulated by the positive release of the “14th five year plan” for modern energy system, the new energy sectors such as UHV, wind energy, energy storage, photovoltaic and nuclear power collectively rose on the 23rd. As of press time, the UHV sector, Changshu Fengfan Power Equipment Co.Ltd(601700) , Fujian Nanping Sun Cable Co.Ltd(002300) , Qingdao Hanhe Cable Co.Ltd(002498) and other daily limits; In terms of wind energy sector, Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) , Huadian Heavy Industries Co.Ltd(601226) , Guangdong No.2 Hydropower Engineering Company Ltd(002060) , Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) , Jiangsu Zhongli Group Co.Ltd(002309) , Lanzhou Greatwall Electrical Co.Ltd(600192) , etc; In terms of energy storage concept, Wiscom System Co.Ltd(002090) , Citychamp Dartong Co.Ltd(600067) , Xianheng International Science&Technology Co.Ltd(605056) , Shouhang High-Tech Energy Co.Ltd(002665) and other daily limits; In terms of photovoltaic concept, Luoyang Northglass Technology Co.Ltd(002613) , Shanghai Tianyang Hotmelt Adhesives Co.Ltd(603330) and other price limits; In terms of nuclear power sector, Lanzhou Ls Heavy Equipment Co.Ltd(603169) , Huadian Heavy Industries Co.Ltd(601226) , Jiangsu Seagull Cooling Tower Co.Ltd(603269) and other trading limits.
In terms of news, the national development and Reform Commission and the National Energy Administration recently issued the “14th five year plan” for modern energy system. The plan proposes to accelerate the development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation. Promote the evolution of power system to adapt to large-scale and high proportion of new energy. Improve the low-carbon electrification level of terminal energy consumption, and the sales volume of new energy vehicles will account for about 20% by 2025. Pilot green power trading and accelerate the improvement of the top-level design of the natural gas market. Improve the crude oil futures market and timely promote the futures trading of refined oil and natural gas.
The plan points out that we should coordinate the development of high proportion of new energy and the safe and stable operation of power, accelerate the digital upgrading of power system and the iterative development of new power system construction, comprehensively promote the innovation of new power technology application and operation mode, improve the intelligent level of power grid, and promote the power grid to actively adapt to the development of large-scale centralized new energy and large-scale distributed energy.
Build an intelligent and efficient dispatching operation system, explore the joint dispatching mechanism of electric power, heat, natural gas and other energy sources, and promote coordinated operation.
The plan also proposes to improve the low-carbon electrification level of terminal energy consumption. Actively promote the application of new energy vehicles in urban public transport and other fields. By 2025, the sales volume of new energy vehicles will account for about 20%. Optimize the layout of charging infrastructure, comprehensively promote the coordinated development of vehicle piles, promote the two-way interaction of energy and information between electric vehicles and smart grid, and carry out the pilot demonstration of new charging and replacement electric field stations combining light, storage, charging and replacement.
Chinese medicine sector active trend Zhejiang Xinguang Pharmaceutical Co.Ltd(300519) and so on rose essence pharmaceutical, Guangyuyuan Chinese Herbal Medicine Co.Ltd(600771) and other
The Chinese medicine sector had an active intraday trend on the 23rd. As of press time, Zhejiang Xinguang Pharmaceutical Co.Ltd(300519) rose about 17%, and the stock once rose by the intraday limit Jinghua Pharmaceutical Group Co.Ltd(002349) , Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) , Guangyuyuan Chinese Herbal Medicine Co.Ltd(600771) , Jiangsu Kanion Pharmaceutical Co.Ltd(600557) and other limit increases, Gansu Longshenrongfa Pharmaceutical Industry Co.Ltd(300534) , Guangdong Zhongsheng Pharmaceutical Co.Ltd(002317) , Beijing Tongrentang Co.Ltd(600085) and other increases were higher.
In terms of news, the 9th edition of covid-19 pneumonia diagnosis and treatment plan proposes to strengthen the use of traditional Chinese medicine, such as adding acupuncture and other treatment contents. Traditional Chinese medicine has become an important tool of the “anti epidemic toolkit”, its role in anti epidemic can not be ignored, and its strategic position has been continuously improved.
Debang Securities said that since the outbreak of the epidemic, clinics outside China have been exploring the therapeutic effects of new and old antiviral drugs. From the early clinical reference of redcivir and a variety of neutralizing antibodies to the emergence of molnupiravir of Merck and paxlovid of Pfizer, covid-19 therapeutic drugs have gradually developed into more efficient and convenient varieties. Based on the treatment of Western medicine in China, more treatment schemes of traditional Chinese medicine have been explored. The “three drugs and three prescriptions” represented by Lianhua Qingwen capsule has been clinically proved to have obvious therapeutic effect, shine brightly in the process of anti epidemic, and will not be absent from the prevention and control of covid-19 in China in the future. China will continue to implement the mainstream scheme of “integration of Chinese and Western medicine” in the future. It is expected to successfully develop more domestic small molecule specific drugs in the future. The combination of specific drugs with traditional Chinese medicine will become a unique and important “Chinese scheme” for China’s anti epidemic. Pfizer’s small molecule drug industry chain and domestic small molecule drug field, focusing on: Porton Pharma Solutions Ltd(300363) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Wuxi Apptec Co.Ltd(603259) , Shanghai Junshi Biosciences Co.Ltd(688180) , Xiansheng pharmaceutical, etc; In the field of anti epidemic of traditional Chinese medicine, it is suggested to focus on: Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) , Shandong Buchang Pharmaceuticals Co.Ltd(603858) , Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) , Chinese traditional medicine, Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) , etc.
two departments emphasize accelerating the construction of pumped storage industry or entering a period of rapid growth (with shares)
The national development and Reform Commission and the National Energy Administration issued the “14th five year plan” for modern energy system. The plan proposes to accelerate the construction of pumped storage power stations, implement a new round of national medium and long-term development plan for pumped storage, and promote the construction of large-scale pumped storage power stations that have been included in the plan and have mature conditions; By 2025, the installed capacity of pumped storage will reach more than 62 million KW and the installed capacity under construction will reach about 60 million KW.
Anxin Securities pointed out that with the change of energy structure, power supply security has been put on the agenda, and energy storage has become the main means to solve power security. As the most important way of energy storage, pumped storage has been strongly supported by national policies. In the future, pumped storage will enter a stage of rapid growth and encourage social capital to enter. Water conservancy and hydropower engineering enterprises own the construction and operation of pumped storage projects, and most of them have hydropower operation assets. It is possible to layout pumped storage power stations, which is expected to fully benefit the development of pumped storage in the future. Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Guangdong No.2 Hydropower Engineering Company Ltd(002060) and Anhui Construction Engineering Group Corporation Limited(600502) .
two departments actively, safely and orderly develop nuclear power annual construction investment will exceed 1000 RMB 23456 billion (with shares)
The national development and Reform Commission and the National Energy Administration issued the “14th five year plan” for modern energy system. The plan proposes to actively, safely and orderly develop nuclear power. Under the premise of stable and orderly layout of coastal nuclear power projects, we should actively promote the construction of nuclear power projects and maintain the safety of coastal nuclear power projects. Carry out comprehensive utilization demonstration of nuclear energy, actively promote advanced reactor type demonstration projects such as high-temperature gas cooled reactor, fast reactor, modular small reactor and offshore floating reactor, and promote the comprehensive utilization of nuclear energy in the fields of clean heating, industrial heating and seawater desalination. Effectively protect nuclear power plant site resources. By 2025, the installed capacity of nuclear power operation will reach about 70 million KW.
Sealand Securities Co.Ltd(000750) believes that the 2021 government work report proposes to actively and orderly develop nuclear power on the premise of ensuring safety. Liaoning, Jiangsu, Hainan, Guangxi, Guangdong, Fujian, Shandong and other provinces have mentioned specific targets for promoting nuclear power base construction or installed capacity growth in the 14th five year plan and 2035 vision. According to the prediction of China Nuclear Energy Industry Association, the installed capacity of China National Nuclear Power Co.Ltd(601985) in operation will reach 70 million kW in 2025. Based on this calculation, assuming that the construction cycle of nuclear power units is 5 years and the average capacity of a single unit is 1.1 million KW, China needs to approve 7-8 units per year from 2022 to 2025. If the cost of a single unit is 16000 yuan / kW, the average annual construction investment of nuclear power will exceed 100 billion yuan from 2022 to 2025. In 2021, China National Nuclear Power Co.Ltd(601985) annual investment is 53.8 billion yuan, and nuclear power construction will usher in rapid development in the middle and late period of the 14th five year plan. In addition, the world’s first pile of hualong-1 project has driven more than 5300 upstream and downstream enterprises to realize the localization of 411 core equipment, which has a significant pulling effect on the processing technology and process level of dozens of industries such as materials, metallurgy, chemical industry and machinery, and contributes hundreds of billions of yuan to the industrial chain in the whole life cycle.
The agency further proposed that in terms of industry, China National Nuclear Power Co.Ltd(601985) technology is the world leader, the third generation nuclear power has achieved commercial operation, the technology is mature, and the fourth generation high temperature gas cooled reactor has achieved major breakthroughs. In terms of individual stocks, it is recommended to recommend the leader of nuclear power operation China National Nuclear Power Co.Ltd(601985) , and it is recommended to pay attention to the end target of nuclear power operation Cgn Power Co.Ltd(003816) ; Nuclear industry construction leader China Nuclear Engineering & Construction Corporation Limited(601611) ; Equipment manufacturer Harbin Electric Corporation Jiamusi Electric Machine Co.Ltd(000922) , Suzhou Hailu Heavy Industry Co.Ltd(002255) , Jiangsu Shentong Valve Co.Ltd(002438) , Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) .
coal plays an important role in ensuring the bottom line it is expected that the annual consumption of thermal coal will maintain a positive growth rate (with shares)
The Symposium on clean and efficient utilization of coal was held on the 22nd. It is required to deeply understand the extreme importance of ensuring national energy security under the new situation, adhere to promoting clean and efficient utilization of coal from the actual situation of national conditions, give full play to the bottom-up guarantee role of coal, and ensure the safe supply of national energy and power.
Capital Securities pointed out that from the demand side, the data released by the National Energy Administration on March 15 showed that in February, the power consumption of the whole society continued to grow, reaching 623.5 billion kwh, a year-on-year increase of 16.9%. From January to February, the total electricity consumption of the whole society was 1346.7 billion kwh, with a year-on-year increase of 5.8%. The high growth rate at the power consumption end increased the positive reserve of coal stocks by downstream power plants. On the other hand, after the important meeting, the expectation of steady growth is strong, and the downstream industrial enterprises will resume work and production in an all-round way. It is expected that the coal demand driven by industrial electricity will maintain a relatively high growth, and the annual power coal consumption is expected to maintain a positive growth, Strong support will be formed for the overall coal price, which will push up the international energy price by adding to the overseas situation. The recent rainstorm in Australia has affected the international coal supply, and the short-term high energy price cannot be reversed, resulting in the high price of imported coal. It is optimistic that China Shipbuilding Industry Group Power Co.Ltd(600482) coal will continue to operate at a high price in the future. The recent market correction range is large. It is considered that the industry has strong profit certainty, low valuation and thick safety cushion, It is suggested to increase the allocation proportion of coal industry. Recommended power coal faucet Shaanxi Coal Industry Company Limited(601225) , Gansu Power Coal faucet Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) .
