An announcement opened a corner of the recent large-scale bidding of State Grid Co., Ltd. (hereinafter referred to as “State Grid”).
On the evening of March 22, Changgao Electric Group Co.Ltd(002452) announced that its four wholly-owned subsidiaries had won the bid in the bidding of three categories of products, including combination appliances, disconnectors and switchgear, with a total of 177 million yuan.
According to the data of the State Grid, the total bidding price of the third procurement recently is about 2.485 billion yuan. In addition to Changgao Electric Group Co.Ltd(002452) , China Xd Electric Co.Ltd(601179) , Henan Pinggao Electric Co.Ltd(600312) , Sieyuan Electric Co.Ltd(002028) , Tbea Co.Ltd(600089) , Xj Electric Co.Ltd(000400) and other mainstream power equipment enterprises have also been included in the list of potential winners of large orders.
continuous bidding for power equipment also indicates that power grid enterprises are fulfilling their commitments made at the beginning of the year and further increasing investment in power grid construction
China Electric Equipment Group has obvious advantages
According to the information publicized by the State Grid, the third batch of procurement bidding products this year include combination appliances, reactors, mutual inductors, capacitors, lightning arresters, post insulators and arc suppression coils.
Among all the products, combined electrical appliances occupy the absolute majority, with a bidding amount of nearly 1.845 billion yuan, and 20 mainstream power equipment enterprises are listed in the list of bid winning candidates.
From the perspective of individual enterprises, China Xd Electric Co.Ltd(601179) ranks first in the category of combined electrical appliances with the bid winning amount of 217 million yuan for 10 packages, Henan Pinggao Electric Co.Ltd(600312) ranks second with the bid winning amount of 214 million yuan for 10 packages, Sieyuan Electric Co.Ltd(002028) ranks third with the bid winning amount of 180 million yuan for 8 packages, Changgao Electric Group Co.Ltd(002452) and Tbea Co.Ltd(600089) also reach 112 million yuan and 90.24 million yuan respectively.
From the perspective of the group as a whole, the group advantages of China Electric Equipment Group Co., Ltd. (hereinafter referred to as “China electric equipment”), a new central enterprise reorganized by China Xd Electric Co.Ltd(601179) group, XJ Group, Pinggao group, Shandong electric and other transmission and distribution equipment manufacturing enterprises last year, have emerged. Xi’an Xidian switch electric Co., Ltd. Henan Pinggao Electric Co.Ltd(600312) , Henan Pingzhi high voltage switch Co., Ltd., Shandong electric Hitachi high voltage switch Co., Ltd., Xi’an Xidian high voltage switch Co., Ltd. and Shanghai Xidian high voltage switch Co., Ltd., which are subordinate to the group, won the bid of 897 million yuan, accounting for 48.6% of the total amount of combined electrical products.
Among private enterprises, Sieyuan Electric Co.Ltd(002028) and Tbea Co.Ltd(600089) have strong strength. In addition to winning big orders in combination appliances, Sieyuan Electric Co.Ltd(002028) related enterprises also won orders of nearly 90 million yuan in the bidding of reactor, transformer, capacitor, arc suppression coil and other products Tbea Co.Ltd(600089) related enterprises obtained orders of more than 42 million yuan in the bidding of reactor and transformer products.
In addition, the strength of foreign-funded enterprises should not be underestimated. The total bid winning amount of relevant enterprises (some joint ventures) in composite appliances reached 590 million yuan, accounting for 32.2% of the total amount, of which Hitachi brand accounted for nearly half.
equipment bidding is busy, and the investment and construction of power grid is accelerating
State Grid is one of the most important power grid infrastructure investment enterprises in China. Recently, large-scale bidding for power equipment products has been carried out for many times, which reflects that the investment and construction of power grid is accelerating.
The National Energy Administration recently released the statistics of the national power industry from January to February. According to the statistics, the investment in power grid projects was 31.3 billion yuan, a year-on-year increase of 37.6%.
according to the information previously learned by the reporter of Shanghai Securities News from the State Grid, a number of key projects such as Baihetan Zhejiang UHV DC transmission project, Baihetan Jiangsu UHV DC transmission project and Fujian Guangdong interconnection project were busy in the first quarter of this year
Many power grid investment plans will be further clarified in the near future. China Southern Power Grid recently announced that this year’s fixed asset investment plan exceeds 120 billion yuan, including 44 key projects, with an annual investment of more than 16 billion yuan. There are 27 projects with an annual investment of more than 100 million yuan, accounting for more than 60% of the total number of projects. By the end of February, China Southern Power Grid had invested 9.122 billion yuan in power infrastructure projects, a year-on-year increase of 40%.
Hainan Power Grid Corporation, a subsidiary of China Southern Power Grid, invested about 26.8 billion yuan during the 14th Five Year Plan period, focusing on the fields of “two new and one heavy”, power supply guarantee, new power system construction, digital transformation and so on.
Lanzhou power supply company under the State Grid recently said that during the 14th Five Year Plan period, Lanzhou Power Grid planned to invest 8.735 billion yuan, 2.83 times the total investment during the 13th Five Year Plan period.
Citic Securities Company Limited(600030) the latest research report believes that under the dual influence of the relatively stable growth of power demand in the downstream and the clear growth annual investment plan of power grid enterprises, electrical equipment enterprises deserve attention. Power grid investment is expected to enter a new boom period. In the power grid field, it is recommended to focus on science and technology leaders benefiting from the structured investment of power grid, while the power side focuses on domestic comprehensive equipment leaders benefiting from multiple links.
