Events
On April 11, 2022, the Shanghai Composite Index closed at 316713 points, down 2.61%; The Shenzhen composite index closed at 1152021 points, down 3.67%; The power sector index closed at 288172 points, down 2.79%. Among them, only one photovoltaic panel company rose: Lingda Group Co.Ltd(300125) ( Lingda Group Co.Ltd(300125) . SZ, 4.80%); Only one company in the thermal power sector rose: Henan Yuneng Holdings Co.Ltd(001896) ( Henan Yuneng Holdings Co.Ltd(001896) . SZ, 4.64%).
Comments
Recently, the development and Reform Commission of Xinjiang autonomous region issued the plan for improving the price mechanism of new energy in our region. The plan defines five main tasks: first, launch the coal and electricity price reform plan and establish a market-oriented electricity price mechanism of “falling and rising”. The second is to open up the transmission channel of electricity price, promote all industrial and commercial users to enter the market and form electricity price through marketization. Third, make good use of the national on grid electricity price policy for new energy power generation, and bring all the power generation of new energy parity projects put into operation since 2021 into the power market, with a target on grid electricity price of 0.262 yuan / kWh. Fourth, steadily promote the implementation by classification, and improve the proportion of new energy power consumption of enterprises through accountability assessment. At present, the price of coal power is expected to rise and the profit rate of traditional power enterprises is expected to fall due to the tight supply and demand mechanism of coal power. With the large-scale grid connection of new energy, the original electricity price mechanism has been difficult to adapt to the new situation. Improving the power trading mechanism and standardizing the price settlement are conducive to promoting the construction of a new power system with new energy as the main body. Raising the on grid price of new energy parity projects will also mobilize the enthusiasm of new energy investment and construction, and the new energy power generation industry is expected to maintain a high outlook.
Industry dynamics
1. Recently, the Bureau of industry and information technology of Qianxinan Prefecture issued a notice on the “14th five year plan” industrial development plan of Qianxinan Prefecture. The notice pointed out that efforts should be made to build a perfect clean energy supply system, accelerate the development of non fossil energy, adhere to both centralized and distributed development, gradually improve the scale of photovoltaic and wind power, and actively build a clean and efficient energy base with the integration of water and scenery in the north and south banks and the integration of wind, water, fire and energy storage. (Polaris power grid)
2. As of 24:00 on April 5, 2022, the cumulative on grid power of CGN China wind power, Cecep Solar Energy Co.Ltd(000591) and other clean power (from December 26, 2007) has reached 300.4 billion kwh. Compared with thermal power plants of the same scale, it is equivalent to about 90.762 million tons of equivalent alternative standard coal, about 240719 million tons of carbon dioxide emission reduction, and more than 675000 hectares of afforestation. (national energy information platform)
Company dynamics
Sui Hengyun a ( Guangzhou Hengyun Enterprises Holdings Ltd(000531) ): released the annual report, the company achieved an operating revenue of 3.928 billion yuan in 2021, with a year-on-year increase of 13.47%; The net profit attributable to the parent company was 160 million yuan, a year-on-year decrease of 79.42%; Deduct non net profit of 837872 million yuan, a year-on-year decrease of 79.77% (Ifind)
Risk tip: the epidemic fluctuation is higher than expected, the construction of new energy is lower than expected, and the rise of electricity price is lower than expected.
