Events
On March 24, 2022, the Shanghai Composite Index closed at 325026 points, down 0.63%; Shenzhen composite index closed at 123055 points, down 0.83%; The power sector index closed at Tianjin Ringpu Bio-Technology Co.Ltd(300119) points, down 1.79%. Among them, two companies in photovoltaic power generation sector rose: Tunghsu Azure Renewable Energy Co.Ltd(000040) ( Tunghsu Azure Renewable Energy Co.Ltd(000040) . SZ, 3.07%), Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ( Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) . Sh, 0.90%). The thermal power sector fell as a whole today.
Comments
The national development and Reform Commission and the National Energy Administration jointly issued the modern energy system plan for the 14th five year plan. The plan proposes that by 2025, China's annual comprehensive energy production capacity will reach more than 4.6 billion tons of standard coal, the annual output of crude oil will rise and stabilize at 200 million tons, the annual output of natural gas will reach more than 230 billion cubic meters, and the total installed capacity of power generation will reach about 3 billion kilowatts. In addition, the document also proposes to comprehensively promote the large-scale development and high-quality development of wind power and Cecep Solar Energy Co.Ltd(000591) power generation, promote the construction of coastal nuclear power projects, and implement a new round of medium and long-term development plan for pumped storage in China. At present, China's energy supply and demand is still tight, and the diversified development of energy will further strengthen the capacity of energy supply. The green and low-carbon transformation of energy structure continues to advance. It is expected to increase investment in new energy construction in the later stage. The installed capacity of wind power and photovoltaic will still maintain a rapid growth rate. At the same time, nuclear power and energy storage will also usher in positive and orderly development.
Industry dynamics
1. The 100 MW photovoltaic power generation project of Gemeng Shanxi Tianshi Power Co., Ltd. was started, and the EPC was undertaken by Chongqing engineering company. The project is located in Liangdu Town, Lingshi County, Shanxi Province. It is expected to cover an area of about 3700 Mu and is divided into two bid sections. The first bid section of the construction project of Chongqing engineering company has an installed capacity of 100 MW and a construction period of 195 days. It is planned to realize full grid connected power generation on September 30, 2022. After the project is put into operation, it is expected to provide about 259 million kwh of clean electric energy per year, reduce coal consumption by about 34000 tons and reduce carbon dioxide emission by about 87000 tons. (Polaris power grid)
2. The first demonstration project of "5g + Intelligent hydropower station" in Qinghai - "5g + intelligent full coverage project" has been completed and put into operation recently, which has realized the full coverage of 5g network in the production area, office area and dispatching command room of the hydropower station, and has been applied to the follow-up wireless video inspection system of smart helmet. (Qinghai daily)
Company dynamics
Huaneng Power International Inc(600011) ( Huaneng Power International Inc(600011) . SH): disclose the annual performance report of 2021. The report shows that Huaneng Power International Inc(600011) achieved operating income of 204605 billion yuan during the reporting period, with a year-on-year increase of 20.75%. The net profit attributable to the parent company was 10.264 billion yuan, changing from profit to loss compared with the same period of the previous year. （iFinD）
Risk tip: the epidemic fluctuation is higher than expected, and the installed capacity of new energy is lower than expected.
