Sichuan caizhou viewpoint
Wind power generation increased significantly and the power generation structure continued to improve. The National Bureau of statistics released the energy production in March. The power generation in March was 670.2 billion kwh, a year-on-year increase of 0.2%. The power production basically operated smoothly, and the growth rate was 3.8 percentage points slower than that from January to February. The total power generation in the first quarter was 1992.2 billion kwh, with a year-on-year increase of 3.1%. The demand for electricity improved, driving the steady growth of power generation in the first quarter. In terms of varieties, in March, thermal power changed from rising to falling, with a year-on-year decrease of 5.7%; The growth rate of nuclear power slowed down by 2.2%, 7.4 percentage points lower than that from January to February; Hydropower increased by 19.8%, 11.6 percentage points faster than that from January to February; Wind power turned from down to up, with an increase of 23.8% in March Cecep Solar Energy Co.Ltd(000591) power generation increased by 16.8%, 10.3 percentage points faster than that from January to February. In March, the output of wind power generation increased rapidly. First, it benefited from the continuous growth of wind power and photovoltaic installed capacity, and second, the improvement of wind power resources. Under the 14th five year plan for energy, the installed capacity of new energy will maintain rapid growth, and the power generation structure will continue to improve.
Nuclear power construction was promoted. The State Council held an executive meeting on April 20, which pointed out that first, we should give full play to the role of coal as the main energy. Through nuclear capacity increase and new production, 300 million tons of new capacity will be added this year. Using market-oriented and legal methods to guide the operation of coal prices in a reasonable range. Second, we should promote the transformation of coal-fired power units and improve energy efficiency. The scale of transformation in the whole year exceeded 220 million kilowatts. Third, nuclear power should be developed in an orderly manner under the premise of strict supervision and ensuring absolute safety. The three new nuclear power unit projects that have been comprehensively evaluated and reviewed and incorporated into the national plan shall be approved. We believe that the further release of coal production capacity, the further improvement of supply and demand, and the coal price is expected to stabilize, which is conducive to the improvement of the operation of thermal power enterprises. In addition, three new nuclear power unit projects were approved to implement the plan for the orderly development of nuclear power. Wind power generation is unstable, and it is difficult to support the status of the main power supply at present. As a clean and stable power supply, nuclear power is expected to usher in rapid development of the whole industrial chain.
Market performance in one week
This week, the power industry index fell 0.21%, the Shanghai index fell 3.87, and the Shenzhen Component Index fell 5.12%. Among the sub sectors, the thermal power index rose by 1.67%, the hydropower index rose by 1.35%, the photovoltaic power index fell by 3.23% and the wind power index fell by 2.12%.
Industry dynamics
The national development and Reform Commission confirmed that the new wind power and photovoltaic power generation projects in 2022 will continue to implement the parity Internet access policy in accordance with national regulations. New wind power and photovoltaic power generation projects can voluntarily participate in market transactions to form market electricity prices.
Company announcement
Zhongmin Energy Co.Ltd(600163) ( Zhongmin Energy Co.Ltd(600163) ): according to the annual performance report, the operating revenue in 2021 was about 1.533 billion yuan, an increase of 22.41% year-on-year; The net profit attributable to shareholders of listed companies was about 656 million yuan, an increase of 35.11% year-on-year.
Risk warning: the epidemic situation fluctuates beyond expectations, the price of raw materials fluctuates sharply, and the project construction is less than expected.
