Sichuan caizhou viewpoint
Power grid investment accelerated. The National Energy Administration released the statistical data of the national power industry from January to February. By the end of February, China’s installed power generation capacity was about 2.39 billion kw, a year-on-year increase of 7.8%. Among them, the installed capacity of wind power was about 330 million KW, a year-on-year increase of 17.5% Cecep Solar Energy Co.Ltd(000591) installed power generation capacity was about 320 million KW, an increase of 22.7% year-on-year. In terms of installed capacity of power generation, the installed capacity of wind power and photovoltaic maintains a high growth rate. With the promotion of the construction of a new batch of large-scale scenery bases, there is still a high growth space in the later stage. From the completion of power investment, from January to February, the investment in power projects of major power generation enterprises in China was 47.1 billion yuan, a year-on-year decrease of 1.9%, of which thermal power was 7 billion yuan, a year-on-year increase of 31.9% Cecep Solar Energy Co.Ltd(000591) power generation was 9.4 billion yuan, a year-on-year increase of 153.7%. The investment in power grid projects was 31.3 billion yuan, a year-on-year increase of 37.6%. The importance of thermal power as a regulating power supply in the future can not be ignored. The investment in photovoltaic projects has increased significantly. In order to adapt to the rapid development of new energy, the investment and construction of power grid is also accelerating. With the steady growth of power demand and the continuous fall of power grid planning and construction, the relevant power equipment industry is expected to benefit.
The green and low-carbon transformation of energy continued to advance. Recently, the national development and Reform Commission and the National Energy Administration jointly issued the implementation plan for the development of new energy storage in the 14th five year plan, the plan for the modern energy system in the 14th five year plan and the medium and long-term plan for the development of hydrogen energy industry (20212035). With the intensive release of energy policies, the energy industry is facing a new development pattern. In addition to mentioning the large-scale construction of new energy, the above documents clarify the important position of hydrogen energy and energy storage in the future national energy system. The development of hydrogen energy and energy storage system can promote the high-quality and large-scale development of renewable energy, accelerate the transformation and upgrading of energy, and add impetus to the long-term development of the industry.
Market performance week
This week, the power industry index fell 3.61%, the Shanghai stock index fell 1.19%, and the Shanghai and Shenzhen 300 index fell 1.49%. Among the sub sectors, the thermal power index fell 4.78%, the hydropower index fell 2.45%, the photovoltaic power index fell 2.74% and the wind power index fell 3.80%.
Industry dynamics
The national energy administration and the national development and Reform Commission jointly issued the medium and long term plan for the development of hydrogen energy industry (20212035). The plan puts forward the objectives of each stage of the development of hydrogen energy industry: basically master the core technology and manufacturing process by 2025. By 2035, a diversified application ecology of hydrogen energy will be formed.
Company announcement
Ning Xia Yin Xing Energy Co.Ltd(000862) ( Ning Xia Yin Xing Energy Co.Ltd(000862) ): in 2021, the company achieved an operating revenue of 1.359 billion yuan, a year-on-year increase of 13.11%; The net profit was 935968 million yuan, a year-on-year increase of 172.87%.
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.
