Events
On January 18, 2022, the Shanghai Composite Index closed at 3569.91 points, up 0.80%; Shenzhen composite index closed at 14391.39 points, up 0.19%; The power sector index closed at 3289.19 points, up 1.74%. Among them, the top three companies in the photovoltaic equipment sector are: Wuhan Dr Laser Technology Corp.Ltd(300776) (300776. SZ, 4.41%), Ginlong Technologies Co.Ltd(300763) (300763. SZ, 3.47%), Eging Photovoltaic Technology Co.Ltd(600537) (600537. Sh, 2.97%). The top three companies in the wind power equipment sector are: Shenzhen Hopewind Electric Co.Ltd(603063) (603063. Sh, 3.57%), Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) (603507. Sh, 2.87%), Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) (300850. SZ, 2.76%). The top three companies in the thermal power sector are: Shanghai Electric Power Co.Ltd(600021) (600021. Sh, 8.75%), Huaneng Power International Inc(600011) (600011. Sh, 8.45%), Huadian Power International Corporation Limited(600027) (600027. Sh, 4.59%).
Comments
On January 17, the National Energy Administration released the data of electricity consumption of the whole society in 2021. In 2021, the power consumption of the whole society was 8312.8 billion kwh, a year-on-year increase of 10.3%, an increase of 14.7% over the same period in 2019, and an average increase of 7.1% over the two years. By industry, the electricity consumption of the primary industry was 102.3 billion kwh, a year-on-year increase of 16.4%; The electricity consumption of the secondary industry was 5613.1 billion kwh, a year-on-year increase of 9.1%; The electricity consumption of the tertiary industry was 1423.1 billion kwh, a year-on-year increase of 17.8%; The domestic power consumption of urban and rural residents was 1174.3 billion kwh, a year-on-year increase of 7.3%. The rapid growth of electricity consumption shows that China’s economy has continued to recover steadily and social productivity has increased. The growth rate of electricity consumption in the tertiary industry is the largest, which also indicates the optimization of China’s industrial structure and the improvement of demand structure. With the Spring Festival and Winter Olympics approaching, the social demand for electricity will remain at a high level. The healthy development of power infrastructure will provide guarantee for the stability of social production and life.
Industry dynamics
\u3000\u30001. Commencement of the million KW new energy base project of fresh China Resources: on the morning of January 11, the centralized signing and commencement of major projects in the first quarter of 2022 and the commencement ceremony of the million KW new energy base project of fresh China resources were grandly held in Qingxin district. As of January 11, China Resources Power has put into operation 12 new energy projects in Qingyuan City, with a grid connected capacity of 582mw; 2 projects under construction, with a capacity of 100MW; The total investment completed is 5 billion yuan and the total tax generated is 110 million yuan. (Guangzhou Daily)
\u3000\u30002. Hunan Loudi ecological treatment 1 million KW photovoltaic project started: on January 11, Hunan Loudi ecological treatment 1 million KW photovoltaic project started in Lengshuijiang tin mine. The project is the first batch of large-scale wind power and photovoltaic base construction projects focusing on deserts, Gobi and desert areas in China. After completion, it can produce 1.27 billion kwh of clean power per year. (Polaris power grid)
Company dynamics
Fujian Funeng Co.Ltd(600483) (600483): according to the preliminary statistics of the company, in the fourth quarter of 2021, the power generation capacity of each operating power plant of the company was 5.074 billion kwh according to the consolidated statement, a year-on-year decrease of 13.12%; The on grid power was 4.805 billion kwh, a year-on-year decrease of 13.52%; The heating capacity was 2372600 tons, a year-on-year decrease of 3.68%. In the whole year of 2021, the cumulative power generation completed was 19.567 billion kwh, a year-on-year increase of 1.83%; The accumulated on grid power was 18.554 billion kwh, a year-on-year increase of 1.75%; The cumulative heat supply was 9.2984 million tons, a year-on-year increase of 36.50%.
Risk tip: the epidemic situation fluctuates more than expected, the installed capacity is less than expected, and the rise of electricity price is less than expected.
