Events
On March 30, 2022, the Shanghai Composite Index closed at 3266.6 points, up 1.96%; Shenzhen composite index closed at 122638 points, up 3.10%; The power sector index closed at 299721 points, up 0.93%. Among them, the top three companies in the photovoltaic power generation sector are: Jiangsu Linyang Energy Co.Ltd(601222) ( Jiangsu Linyang Energy Co.Ltd(601222) . Sh, 3.36%), Shenzhen Sunrise New Energy Co.Ltd(002256) ( Shenzhen Sunrise New Energy Co.Ltd(002256) . SZ, 3.31%), Zhejiang Sunoren Solar Technology Co.Ltd(603105) ( Zhejiang Sunoren Solar Technology Co.Ltd(603105) . Sh, 3.11%). The top three companies in the thermal power sector are: Huaneng Power International Inc(600011) ( Huaneng Power International Inc(600011) . Sh, 2.39%), Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) ( Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) . Sh, 2.29%), Shenzhen Energy Group Co.Ltd(000027) ( Shenzhen Energy Group Co.Ltd(000027) . SZ, 1.56%).
Comments
According to the data of the National Bureau of statistics, China's cumulative power generation in 2021 was 8.11 trillion kwh, of which wind power generation was 0.57 trillion kwh; Photovoltaic power generation is 0.18 trillion kwh, and wind power photovoltaic accounts for 9.2% of the total power generation. Recently, the National Energy Administration issued the guidance on energy work in 2022. Opinions put forward to steadily promote structural transformation. The proportion of coal consumption decreased steadily, the proportion of non fossil energy in the total energy consumption increased to about 17.3%, the replacement power of new electric energy was about 180 billion kwh, and the power generation of wind power and photovoltaic power accounted for about 12.2% of the power consumption of the whole society. It can be seen that by the end of 2022, the proportion of wind power photovoltaic power generation will increase by about 3%, and the power generation structure will be further optimized. The demand for new energy installation is expected to be further released, and the whole wind power photovoltaic industry chain has development momentum. In addition, the Opinions also pointed out that strengthening the bottom-up guarantee capacity of coal and coal power. Scientifically plan and build advanced coal-fired power units, and arrange a certain scale of supporting power supply to ensure the safety of power supply and regulatory power supply to promote the consumption of new energy. The transformation of traditional coal-fired power units is expected to accelerate and give full play to the role of coal-fired power support and guarantee.
Industry dynamics
The people's Government of Yushe County, Jinzhong City, Shanxi Province and Shanxi International Energy Group held the investment and development signing ceremony of "Yushe pumped storage clean energy integration project" in Taiyuan. The total investment of Yushe pumped storage clean energy integration project is expected to be about 45 billion yuan. The projects to be planned and constructed include: Guojiashan 1 million KW Large Pumped Storage development project, with an investment of about 6.5 billion yuan; The 6 million KW Fengguang renewable energy storage clean energy project has an investment of about 38.5 billion yuan. The project has been listed in the "14th five year plan" major projects of Yushe County and key projects in 2022. (Polaris power grid)
Company dynamics
Datang International Power Generation Co.Ltd(601991) ( Datang International Power Generation Co.Ltd(601991) ): the company disclosed the annual report of 2021. In 2021, the company realized an operating revenue of 103412 billion yuan, a year-on-year increase of 8.16%. The net loss attributable to shareholders of listed companies was 9.264 billion yuan, and the net loss attributable to shareholders of listed companies after deducting non recurring profits and losses was 9.991 billion yuan, all from profit to loss year-on-year. （iFinD）
Risk tip: the epidemic fluctuation is higher than expected, and the installed capacity of new energy is lower than expected.
