Events
On March 29, 2022, the Shanghai Composite Index closed at 320394 points, down 0.33%; The Shenzhen composite index closed at 1189508 points, down 0.46%; The power sector index closed at 296954 points, down 0.30%. Among them, one company in the photovoltaic power generation sector rose: Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ( Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) . Sh, 10.02%). Two companies in thermal power sector rose: Guangdong Electric Power Development Co.Ltd(000539) ( Guangdong Electric Power Development Co.Ltd(000539) . SZ, 1.08%), Spic Dongfang Energy Corporation(000958) ( Spic Dongfang Energy Corporation(000958) . SZ, 0.18%).
Comments
One belt, one road, is the four sector jointly issued by the NDRC and other departments to promote the joint development of “one belt and one road” green development. It is clear that by 2025, practical cooperation in green infrastructure, green energy, green transportation, green finance and other fields will be solidly promoted; By 2030, the one belt, one road green development pattern was basically formed. According to the opinions, Cecep Solar Energy Co.Ltd(000591) power generation, wind power and other enterprises are encouraged to “go global”, and enterprises are encouraged to carry out investment cooperation in new energy industry, new energy vehicle manufacturing and other fields. We will comprehensively stop the construction of overseas coal power projects and steadily and prudently promote overseas coal power projects under construction. Orderly promote the two-way opening of green financial markets, and encourage financial institutions and related enterprises to carry out green financing in the international market. We believe that under the goal of global carbon peak and carbon neutral development, the “going out” of green energy enterprises will help strengthen international cooperation and promote the high-quality development of their own products. The landing of green projects abroad plays a demonstration and leading role in China’s green development. Making good use of international financing can guide more funds to flow into the field of green and low-carbon development. New energy enterprises such as wind power and photovoltaic are expected to usher in new development opportunities.
Industry dynamics
The total investment of Zhejiang Taishun and Jiangxi Fengxin pumped storage power stations is 14.773 billion yuan, with a total installed capacity of 2.4 million KW. It is planned to be completed and put into operation in 2030. Among them, Zhejiang Taishun pumped storage power station is located in Taishun County, Wenzhou City, Zhejiang Province, with a total installed capacity of 1.2 million KW, four units with a single unit capacity of 300000 kW are installed, and two 500 kV lines are connected to Zhejiang power grid, with a total investment of 7.134 billion yuan; Jiangxi Fengxin pumped storage power station is located in Fengxin County, Yichun City, Jiangxi Province, with a total installed capacity of 1.2 million KW. Four units with a single unit capacity of 300000 kW are installed and connected to Jiangxi power grid with two 500 kV lines. The total investment of the project is 7.639 billion yuan. (Polaris power grid)
Company dynamics
Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ( Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ): according to the preliminary calculation of the financial department, the company expects to realize the net profit attributable to the owner of the parent company in the first quarter of 2022 from 174.8 million yuan to 209.8 million yuan, with a year-on-year increase of 629.57% to 775.65%. The operating income of the current period was 1008 million yuan to 1078 million yuan, with a year-on-year increase of 109.42% to 123.96%. （iFinD）
Risk tip: the epidemic fluctuation is higher than expected, and the installed capacity of new energy is lower than expected.
