Events
On April 20, 2022, the Shanghai Composite Index closed at 315105 points, down 1.35%; Shenzhen composite index closed at 1139223 points, down 2.07%; The power sector index closed at 287972 points, down 1.01%. Among them, one company in photovoltaic power generation sector rose: Lingda Group Co.Ltd(300125) ( Lingda Group Co.Ltd(300125) .sz, 0.32%); Two companies in thermal power sector rose: Shenyang Jinshan Energy Co.Ltd(600396) ( Shenyang Jinshan Energy Co.Ltd(600396) . Sh, 6.23%), Datang International Power Generation Co.Ltd(601991) ( Datang International Power Generation Co.Ltd(601991) . Sh, 0.43%).
Comments
The general office of Jiangxi Provincial People’s government issued several opinions on supporting the high-quality development of electric power in Jiangxi Province. By 2025, the power supply capacity of the province will be steadily improved, and the UHV backbone power grid in the province will be basically formed; The innovation of electric power science and technology is carried out steadily, and the integration of source, network, load and storage improves the operation efficiency of the system; The green transformation of electric power has been steadily promoted, and the consumption proportion of renewable energy has been continuously increased; The power to benefit the people has been steadily improved, and the power business environment has been continuously optimized. The opinions put forward to coordinate the construction of power grids at all levels. Give full play to the pivotal role of the power grid in the power system, prevent system operation risks, and ensure that power is “accessible, delivered and supplied”. Increase the capital investment in power grid construction in the whole province, and the capital investment during the 14th Five Year Plan period shall not be less than 100 billion yuan. We believe that with the large-scale grid connection of new energy, more attention will be paid to energy security. In the later stage, the investment and construction on the power grid side will also be gradually increased to ensure the stable operation of the power system. Recently, the market operation is weak, and the correction range of new energy and related power equipment is large. However, under the dual carbon strategy, the long-term development trend of new energy remains unchanged. It is suggested to pay attention to the investment opportunities brought by the correction of green power and new energy equipment.
Industry dynamics
In order to comprehensively speed up the infrastructure construction of “energy network”, the work promotion plan for 2022 of the three-year battle of infrastructure construction of Guangxi “energy network” was recently issued. Focusing on the objectives and tasks of the three-year Conference on the construction of “energy network” infrastructure, the plan focuses on the construction of power grid, nuclear power, coal power, wind power, photovoltaic power generation, biomass power generation, hydropower, oil and gas pipe network, charging pile and comprehensive energy supply service station, and comprehensively promotes the construction of four major projects, including power supply, transmission and distribution, oil and gas pipeline and charging facilities, so as to ensure the completion of an annual investment of 70 billion yuan. (Nanning daily)
Company dynamics
Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ( Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) . SH): the annual report of 2021 was disclosed. During the reporting period, the company achieved a revenue of 2.91 billion yuan, a year-on-year increase of 23.99%; The net profit attributable to the parent company was 455 million yuan, a year-on-year increase of 60.35%; Deduct non net profit of 345 million yuan, with a year-on-year increase of 41.89%. （iFinD）
Risk tip: the fluctuation of the epidemic situation is higher than expected, the promotion of policies is lower than expected, and there is a downside risk to the economy.
