Sichuan caizhou viewpoint
The National Energy Administration released the electricity consumption data of the whole society in March. Data show that the electricity consumption of the whole society reached 694.4 billion kwh, a year-on-year increase of 3.5%. By industry, the power consumption of the primary industry was 7.8 billion kwh, a year-on-year increase of 12.3%; The electricity consumption of the secondary industry was 479 billion kwh, a year-on-year increase of 2.3%; The electricity consumption of the tertiary industry was 106.3 billion kwh, a year-on-year increase of 4.0%; The domestic electricity consumption of urban and rural residents was 101.3 billion kwh, a year-on-year increase of 8.8%. As can be seen from the power data, the power demand continues to improve and the power consumption of the whole society continues to grow. In terms of industries, the growth rate of power consumption in various industries decreased significantly compared with that from January to February, among which the growth rate of power consumption in the tertiary industry decreased the most, by 3.2%. The decline in power consumption growth is mainly due to the serious spread of the epidemic in many places since March, which has had a certain impact on various industries. After the epidemic situation stabilizes, the resumption of work and production of enterprises is expected to promote the rapid growth of power demand.
Under the 14th five year strategic plan, local policies continue to promote the construction of new energy. The people’s Government of Guangdong Province has issued the “14th five year plan” for energy development in Guangdong Province, which proposes to vigorously develop renewable energy. Vigorously develop offshore wind power. The large-scale development of offshore wind power promotes the centralized and continuous development and utilization of projects, and the newly added installed capacity of offshore wind power during the “14th five year plan” period is about 17 million KW. According to the plan, natural gas consumption will continue to increase. By 2025, the proportion of non fossil energy consumption will strive to reach more than 32%, the proportion of non fossil energy installed capacity will increase to about 49%, and the proportion of electric energy in terminal energy consumption will reach about 38%. Recently, the new energy power generation and related equipment industry has made a significant correction. We believe that under the background of policy support and tight energy supply and demand in the future, the long-term development trend of new energy will not change. It is suggested to pay attention to the investment opportunities brought by the correction of green power and new energy equipment. The power consumption of the whole society continues to grow, which puts forward higher requirements for the energy supply capacity. It is suggested to pay attention to the investment opportunities related to energy storage construction.
Market performance in one week
This week, the power industry index fell 3.01%, the Shanghai index fell 1.25%, and the Shenzhen Component Index fell 2.60%. Among the sub sectors, the thermal power index fell by 2.55%, the hydropower index rose by 0.18%, the photovoltaic power index fell by 6.72% and the wind power index fell by 6.80%.
Industry dynamics
The Ministry of housing and urban rural development issued the “14th five year plan” for building energy conservation and green building development. The plan specifies that by 2025, new urban buildings will be fully built into green buildings, and the energy utilization efficiency of buildings will be steadily improved.
Company announcement
Xinjiang Tianfu Energy Co.Ltd(600509) ( Xinjiang Tianfu Energy Co.Ltd(600509) ): release the annual report of 2021. In 2021, the company achieved an operating revenue of 7.065 billion yuan, a year-on-year increase of 44.31%; The net profit attributable to the shareholders of the listed company was -448307 million yuan, a year-on-year profit to loss.
Risk warning: the epidemic situation fluctuates beyond expectations, the price of raw materials fluctuates sharply, and the project construction is less than expected.
