Industry perspective:
Power grid investment: the planned power grid investment of the State Grid in 2022 is 501.2 billion yuan. On January 16, the reporter of China Securities Journal learned from the state grid that recently, the State Grid held the 2022 annual work conference. Xin Baoan, director of the State Grid, pointed out that in 2022, the total investment in the planned development of the State Grid will be 579.5 billion yuan. In terms of power grid investment, the planned investment of the State Grid will be 501.2 billion yuan. The investment of 501.2 billion yuan will be the highest in the history of the infrastructure investment of the State Grid, which also confirms that the power grid will increase power investment in the 14th five year plan. According to the report of China Energy News on January 11, during the “14th five year plan” period, the State Grid plans to build the “24 AC and 14 DC” UHV project, involving more than 30000 kilometers of lines, 340 million KVA transformation capacity and a total investment of 380 billion yuan. UHV can effectively support the large-scale optimal allocation of clean energy and help achieve the goals of carbon peak and carbon neutralization. It is expected that a new round of UHV project construction will be carried out in China during the 14th Five Year Plan period. Focus on listed companies such as UHV industrial chain Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , Sieyuan Electric Co.Ltd(002028) , Tbea Co.Ltd(600089) , Henan Pinggao Electric Co.Ltd(600312) .
Wind power generation: “promoting the whole county” to boost the growth of photovoltaic installed capacity. Datang Group said that in the list of national county (city, district) roof distributed photovoltaic development pilot released by the national energy administration, China Datang has achieved 51 pilot counties and districts with a total capacity of about 12 million KW. The average development scale of each county in Datang is 235mw, which confirms that the total pilot scale of 676 counties in China may exceed 120gw. According to the relevant planning progress, it is expected that the promotion of the whole county and the large base project will promote the newly installed photovoltaic capacity of more than 80gw / year in 22-23 years.
New energy vehicles: Giants enter the market, and the power exchange mode is expected to rise. Contemporary Amperex Technology Co.Limited(300750) entering the power exchange track will drive the development of power exchange mode in the short term. The power exchange mode has been supported in terms of policy. China has issued a series of encouragement and support policies for the power exchange industry, which has played an important role in promoting the development of China’s power exchange industry. The biggest difference between the power exchange mode and the charging mode is that the energy supplement efficiency of the battery is high. According to incomplete statistics, by 2025, China will have at least 20000 new power exchange stations. It is estimated that the corresponding operation market scale will reach 263.1 billion yuan, and the replacement power station equipment market will reach 69.3 billion yuan. At present, there are mainly three enterprises operating power exchange stations in China: Aodong new energy, Weilai and Hangzhou bertan technology. It is recommended to pay attention to the circuit of the power exchange industry chain and the main manufacturers of the fast exchange system Csg Smart Science&Technology Co.Ltd(300222) , East Group Co.Ltd(300376) and Shandong Weida Machinery Co.Ltd(002026) ; Related companies of charging system include Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , etc; Leading enterprises in all links of power battery continue to benefit, such as Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , Gotion High-Tech Co.Ltd(002074) , Eve Energy Co.Ltd(300014) , etc.
Important industry information:
State Council: accelerate the construction and application of smart energy. The State Council recently issued the “14th five year plan” for the development of digital economy (hereinafter referred to as the “plan”). The plan points out that in accordance with the principles of green, low-carbon, intensive and efficient, we will continue to promote the construction of green digital center, accelerate the energy-saving transformation of data center, and continuously improve the utilization level of renewable energy in data center. Accelerate the construction and application of smart energy, promote the intelligent upgrading of energy production, transportation and consumption, and promote the low-carbon transformation of the energy industry.
One week market performance:
Industry performance: among the 28 Shenwan level industries, the electrical equipment industry rose 2.13%, ranking second; The utility industry fell 1.57% this week, ranking 16th.
Performance of sub sectors: among sub sectors, lithium batteries, battery chemicals, cable parts and other gains ranked among the top three, with 6.59%, 4.57% and 4.35% respectively; Electrical instruments and meters, wind power parts and components and wind power generation ranked the last three, with – 7.63%, – 5.09% and – 3.88% respectively.
Stock growth: Among Listed Companies in the power and energy industry, Jiangsu Luokai Mechanical & Electrical Co.Ltd (603829) , Chang Lan Electric Technology Co.Ltd(002879) , Sunway Co.Ltd(603333) , Beijing Relpow Technology Co.Ltd(300593) , Dalian Insulator Group Co.Ltd(002606) ranked among the top five, rising 28.61%, 23.29%, 14.66%, 13.40% and 13.02% respectively.
