Events
On May 18, 2022, the Shanghai Composite Index closed at 308598 points, down 0.25%; Shenzhen composite index closed at 1120808 points, down 0.20%; The power sector index closed at 290667 points, up 0.59%. Among them, the top three companies in the photovoltaic power generation sector are: Kelin Environmental Protection Equipment Inc(002499) ( Kelin Environmental Protection Equipment Inc(002499) . SZ, 5.00%), Jiangsu Linyang Energy Co.Ltd(601222) ( Jiangsu Linyang Energy Co.Ltd(601222) . Sh, 3.97%), Jinko Power Technology Co.Ltd(601778) ( Jinko Power Technology Co.Ltd(601778) . Sh, 2.30%); The companies with the top three increases in thermal power generation board are: Gd Power Development Co.Ltd(600795) ( Gd Power Development Co.Ltd(600795) . Sh, 5.70%), Huaneng Power International Inc(600011) ( Huaneng Power International Inc(600011) . Sh, 4.44%), Huadian Power International Corporation Limited(600027) ( Huadian Power International Corporation Limited(600027) . Sh, 3.26%).
Comments
The general office of Jiangxi Provincial People’s government recently issued a notice on printing and distributing the energy development plan of Jiangxi Province in the 14th five year plan, strengthening the development and utilization of new energy, realizing the leap forward growth of the installed scale of new energy, and striving to increase the installed capacity of new energy by more than 18 million kilowatts in the 14th five year plan. During the 14th Five Year Plan period, the installed capacity of newly added electricity was more than 34.6 million kilowatts. Give full play to the role of supporting power supply, orderly promote the construction of approved clean coal power, and strive for national support for the construction of new supporting clean coal power projects. Strengthen the capacity-building of emergency standby and peak shaving power supply, and promote the transformation of coal-fired power to basic supporting and system regulating power supply. We believe that under the energy revolution, in addition to vigorously developing new energy, the bottom-up guarantee role of coal power should be paid attention to. At present, energy supply and demand are tight, and coal power bears the important task of ensuring power supply in the short term. Under the measures taken by the national development and Reform Commission to regulate coal prices and enhance coal supply capacity for many times, thermal power enterprises are expected to usher in profit restoration. It is suggested to pay attention to the investment opportunities of traditional thermal power enterprises.
Industry dynamics
1. The first large-scale photovoltaic ground power station in Gansu Province during the 14th five year plan has completed full capacity grid connected power generation, and 130 MW of green power adds new wings to the green development of Longyuan. The total investment of the project is 730 million yuan, covering an area of more than 6000 mu. On average, it can provide about 212 million kwh of green power to the local area every year and save about 69600 tons of standard coal. (Polaris power grid)
2. On May 17, the nuclear island installation of unit 1 of phase I of Sanao nuclear power project of China Nuclear fifth Corporation officially started. The project is funded by Cgn Power Co.Ltd(003816) group, and six nuclear power units are planned for the plant site. The first phase of the project is two “Hualong 1” integrated technology nuclear power units. (Polaris power grid)
Company dynamics
Datang International Power Generation Co.Ltd(601991) ( Datang International Power Generation Co.Ltd(601991) ): the company has completed the issuance of ” Datang International Power Generation Co.Ltd(601991) 2022 phase II medium term notes” (“current medium term notes”) on May 17, 2022. The issue amount of the current medium-term notes is 2 billion yuan, the term is 3 + n years, the unit face value is 100 yuan, and the coupon rate is 3.07%. （iFinD）
Risk warning: the epidemic situation fluctuates more than expected, and the price of raw materials fluctuates.
