Most popular multi factor resonance thermal power

2022-07-23
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Multi factor resonance thermal power sector market ushered in catalyst

with the recent warming of the market environment, the power sector also rebounded sharply. Star power, Datang Power Generation, Huadian International and other stocks performed well in September. Analysts pointed out that at present, these materials can not only meet the requirements of the charging pile shell for weather resistance, drop resistance, environmental protection and other requirements, but also maintain a high level of demand growth. The growth rate of power supply investment at the supply side has a significant downward trend. On the whole, the improvement of supply and demand continues and will accelerate. At the same time, with the fall of daily consumption and the increase of available days, the approximate rate of coal price fell in the second half of the year, which may become the strongest catalyst for the thermal power sector in the second half of the year

the growth rate of electricity consumption picked up

according to the recent data of the national energy administration, in January this year, the power generation capacity of power plants above Designated Size nationwide was 4480.1 billion kwh, a year-on-year increase of 7.7%, an increase of 1.2 percentage points over the same period last year, and the growth rate of power generation picked up year by year; The cumulative average utilization hours of power generation equipment in China were 2591 hours, an increase of 88 hours over the same period of the previous year; The newly increased power generation capacity of national infrastructure construction was 72.54 million KW, 9.13 million KW less than that of the same period last year

in terms of electricity consumption, the national total electricity consumption was 4529.6 billion kwh, a year-on-year increase of 9.0%, and the growth rate was 2.1 percentage points higher than that of the same period of the previous year. The growth rate of electricity consumption in the whole society has gradually picked up. Market participants pointed out that from the perspective of the growth rate of electricity consumption in recent years, the growth rate of electricity consumption in 2015, 2016, 2017 and 2018 was 0.52%, 5.01%, 6.57% and 9.0% respectively. The growth rate of electricity consumption in the whole society gradually rebounded and the recovery trend was obvious

Cinda Securities said that since 2018, the macro-economic prosperity has improved, and the power consumption of emerging industries has increased rapidly. In addition, the temperature at the beginning of 2018 is low, and the temperature in May is higher than that in the same period, so the power consumption of the whole society has increased rapidly. In 2018, the power generation of the whole society increased rapidly. It is expected that the power supply and demand will be slightly tense due to the increase of peak valley difference. It is estimated that the growth rate of national power consumption in 2018 will reach 7.4%, including akulon and akulonxs2%, and the power consumption will increase to 6780.4 billion kwh. By 2020, the installed power generation capacity in China will exceed 1.9 billion kw, and the proportion of non fossil energy power generation capacity will rise to 44%; The electricity consumption of the whole society reached about 7.5 trillion kwh, and the national average utilization hours of power generation increased to about 3821 hours

focus on the thermal power sector

since this year, the market trend has been weak, but the trend of the power sector has been relatively resistant to decline. The leading stock Minjiang hydropower has increased nearly 50% in the year. At the current time point, how should the power sector be configured

in terms of stock selection, jilijun, an analyst at Shanghai Securities, suggested that companies that focus on improving profits and defensive companies with low Pb. The analyst said that on july1,2017, many places raised the benchmark electricity price for coal-fired power generation. The increase in the benchmark electricity price for coal-fired power generation can alleviate the cost pressure of thermal power enterprises due to the rise in coal prices, which is conducive to the performance improvement of thermal power enterprises. The price adjustment in 2018 covers the whole year, and the improvement effect is obvious. According to the different degree of automation, from the interim performance of 2018, the operating revenue of the power sector increased by 155. Filter: 47%, the net profit increased by 21.47%, especially the net profit of thermal power increased by 77.27%. The profitability of the industry has gradually recovered

Huachuang securities mainly recommends thermal power sector. It said that the three factors of thermal power (utilization hour, coal price and electricity price) have gradually improved, and the utilization hour is expected to maintain a high growth rate; The notice on actively promoting power market trading and further improving the trading mechanism establishes a market-based trading pricing mechanism of "benchmark price + floating mechanism", which is expected to "bottom" the market-based trading price and improve the pricing power of power enterprises; The coal inventory remained high and the coal price did not rise in the peak season. With the decline of daily consumption and the increase of available days, the coal price probably fell in the second half of the year. The fall of coal price can restore the confidence of thermal power, and may become the strongest catalyst for the thermal power market in the second half of the year

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