Events
On January 20, 2022, the Shanghai Composite Index closed at 3555.06 points, down 0.09%; The Shenzhen composite index closed at 14198.30 points, down 0.06%; The power sector index closed at 3256.04 points, down 0.37%. Among them, the top three companies in the photovoltaic equipment sector are: Wuhan Dr Laser Technology Corp.Ltd(300776) (300776. SZ, 10.33%), Zhejiang Sunflower Great Health Limited Liability Company(300111) (300111. SZ, 2.92%), Ginlong Technologies Co.Ltd(300763) (300763. SZ, 1.62%). The top three companies in the wind power equipment sector are: Titan Wind Energy (Suzhou) Co.Ltd(002531) (002531. SZ, 2.50%), Ming Yang Smart Energy Group Limited(601615) (601615. Sh, 1.02%), Xinjiang Goldwind Science And Technology Co.Ltd(002202) (002202. SZ, – 0.27%). The top three companies in the thermal power sector are: Shenyang Jinshan Energy Co.Ltd(600396) (600396. Sh, 7.28%), Chn Energy Changyuan Electric Power Co.Ltd(000966) (000966. SZ, 2.97%), Guangzhou Development Group Incorporated(600098) (600098. Sh, 1.70%).
Comments
The price of thermal coal has picked up. As of January 19, the spot price of thermal coal was 966.25 yuan / ton, and the closing price of thermal coal (produced in jingtanggang Shanxi) was 860 yuan / ton, an increase of 1.31% and 2.99% respectively compared with last week. Recently, some enterprises have issued performance forecasts. Since the fourth quarter of last year, the profitability of power enterprises has been further narrowed or even lost due to the sharp rise in the price of coal and other energy. Some enterprises also have outstanding performance due to the expansion of new energy business. Therefore, accelerating the development and utilization of clean energy and promoting the upgrading of industrial structure will help to enhance the core competitiveness of power enterprises. Under the guidance of the double carbon target, energy and power emission reduction is China’s main battlefield. According to statistics, energy combustion accounts for about 88% of all carbon dioxide emissions, and the emission of power industry accounts for about 41%. The emission reduction of the power industry is a key link to achieve the double carbon goal, and the transformation of energy will also inject new vitality into the industry.
Industry dynamics
\u3000\u30001. The major scientific research project of Qinghai new power system was officially launched: on January 5, the supporting project of the State Grid new power system demonstration project “Research on new energy friendly grid connection, source load coordination technology and key equipment supporting the construction of new power system” led by State Grid Qinghai electric power company was officially launched. After the formation of the project results, it can effectively improve the security and stability level of the power system with the characteristics of high proportion of clean energy and high proportion of power electronic devices. Promote the large-scale development and utilization of new energy, provide Qinghai scheme for the development and construction of new power system in China, and play a demonstration effect. (Qinghai daily)
\u3000\u30002. The installed capacity of new energy in Hunan Province continued to grow: in 2021, the installed capacity of new energy in Hunan Province continued to grow, and the effect of energy structure adjustment was remarkable. The installed capacity of new energy power generation reached 13.65 million KW, a year-on-year increase of 16%, accounting for 25.2% of the total installed capacity of power supply; New energy power generation accounts for 13.5% of the total power generation in the province. (Hunan Daily)
Company dynamics
Ningbo Shimao Energy Co.Ltd(605028) (605028): the company expects the net profit attributable to shareholders of Listed Companies in 2021 to be 174 million to 184 million, an increase of 52.7939 million yuan to 62.7939 million yuan compared with the same period of last year, a year-on-year increase of 43.56% to 51.81%. 2. After deducting non recurring gains and losses, the company expects the net profit after deducting non recurring gains and losses attributable to shareholders of Listed Companies in 2021 to be 170 million yuan to 180 million yuan, which is expected to increase by 59.1414 million yuan to 69.1414 million yuan compared with the same period of last year, with a year-on-year increase of 53.35% to 62.37%.
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.
