Events
On April 6, 2022, the Shanghai Composite Index closed at 328343 points, up 0.02%; The Shenzhen composite index closed at 1217291 points, down 0.45%; The power sector index closed at Beijing Comens New Materials Co.Ltd(300200) , up 0.81%. Among them, the top three companies in the photovoltaic power generation sector are: Beijing Xiaocheng Technology Stock Co.Ltd(300139) ( Beijing Xiaocheng Technology Stock Co.Ltd(300139) . SZ, 2.17%), Tunghsu Azure Renewable Energy Co.Ltd(000040) ( Tunghsu Azure Renewable Energy Co.Ltd(000040) . SZ, 1.74%), Kelin Environmental Protection Equipment Inc(002499) ( Kelin Environmental Protection Equipment Inc(002499) . SZ, 1.21%). The top three companies in the thermal power sector are: Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) ( Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) . Sh, 3.57%), Jointo Energy Investment Co.Ltd.Hebei(000600) ( Jointo Energy Investment Co.Ltd.Hebei(000600) . SZ, 2.43%), Jiangsu Guoxin Corp.Ltd(002608) ( Jiangsu Guoxin Corp.Ltd(002608) . SZ, 2.07%).
Comments
Recently, the Energy Bureau of Inner Mongolia Autonomous Region issued the "14th five year plan" for power development in Inner Mongolia Autonomous Region. The notice specifies that during the "14th five year plan" period, the installed capacity of new energy will reach more than 135 million kilowatts. Among them, the installed capacity of wind power is about 89 million KW, that of photovoltaic power generation is about 45 million KW, that of photothermal power generation is about Shanghai Pudong Development Bank Co.Ltd(600000) kW, and that of biomass power generation is about 800000 kW. Construction of 1.2 million kilowatts of pumped storage has started. Non fossil energy accounts for about 20% of primary energy consumption, new energy accounts for more than 50% of installed capacity, and new energy power generation accounts for more than 35% of total power generation. We believe that Inner Mongolia is endowed with good scenery resources, rich land resources and has certain advantages in developing new energy. Under the deterministic installation planning of new energy, the construction of large-scale desert Gobi wind power photovoltaic base is expected to accelerate. Inner Mongolia, as a major province of power transmission in China, accounts for more than 35% of new energy power generation at the end of the 14th Five Year Plan period, which will greatly optimize the structure of power transmission. At the same time, energy storage related construction ensures the consumption of new energy. Green power related construction has long-term development power.
Industry dynamics
According to the "14th five year plan" energy plan of Jining City, Shandong Province, by 2025, the total installed capacity of photovoltaic power generation completed and under construction in the city will reach about 7 million KW; The total installed capacity of wind power completed and under construction will strive to reach about 950000 kW. By 2025, about 500000 kW of energy storage facilities will be built. (Polaris power grid)
According to the "14th five year plan" energy plan of Qingdao, Shandong, by 2025, the newly added photovoltaic installed capacity will be 2.2 million KW, an increase of more than twice, and the total installed capacity will reach 3.2 million KW. By 2025, the installed capacity of onshore wind power will increase by 400000 kW, and the total installed capacity will reach 1.54 million KW. By 2025, we will promote the scale of new energy storage capacity to reach more than 500000 kwh. (Polaris power grid)
Company dynamics
Jilin Electric Power Co.Ltd(000875) ( Jilin Electric Power Co.Ltd(000875) ): Jilin Electric Power Co.Ltd(000875) disclosed the annual report. In 2021, the company achieved an operating revenue of 13.18 billion yuan, a year-on-year increase of 30.99%; The net profit attributable to the shareholders of the listed company was 450 million yuan, a year-on-year decrease of 5.79%. （iFinD）
Risk tip: the epidemic fluctuation is higher than expected, and the installed capacity of new energy is lower than expected.
