Electrical equipment business performance increased

Once the cable has evolved into a diversified electrical device, through their transmission, huge energy wealth allows people to share. With the release of the performance announcement of listed companies, more than 100 listed companies in the electrical equipment industry have already increased by 60%, mainly due to the favorable policies and the timely transformation of enterprises to eliminate backward equipment, while some companies that did not adjust their strategies in time due to The impact of the economic environment, lack of orders, fierce competition, etc., resulting in a decline in profits or losses.

 60% of listed companies' performance is expected to increase

 The reporter checked that the electrical equipment industry has continued its high level of prosperity since 2014, and the company with a performance forecast has a 60% discount. The power transmission and transformation primary equipment company was driven by the UHV construction, and the net profit increased rapidly. The traditional power generation equipment revenue and net profit declined significantly, mainly due to insufficient demand for thermal power equipment, and the product competition was fierce, resulting in price decline.

 In addition, the performance has benefited from the expansion of the electricity reform pilot and the expansion of the policy has exceeded the market expectations. Following the new power reform No. 9 document, "Notice on Improving the Electric Power Emergency Mechanism to Do a Comprehensive Pilot Work on Power Demand Side Management City", "Notice on Implementing the Spirit of Zhongfa [2015] No. 9 Document to Accelerate the Reform of Transmission and Distribution Price" On the basis of the pilot project of reform of transmission and distribution price in Shenzhen and Inner Mongolia, Anhui, Hubei, Ningxia and Yunnan were included in the pilot reform of the previous transmission and distribution price, according to the principle of “permitted cost plus reasonable income”. Verify the transmission and distribution price.

Electric tiger analysis, the establishment of a market-oriented trading system is the core proposition of the new electricity reform. Many remaining problems such as the lack of marketization of electricity prices, difficulty in clarifying transmission and distribution prices, overcapacity, energy conservation and emission reduction, and cross-subsidization remain to be resolved. The reform will continue to advance, actively explore market-oriented models, establish a trading market that buys more and sell more, and realizes electricity prices. Marketization of pricing mechanisms is the core.

 Tesla released energy storage batteries, detonating the industry's attention to energy storage. Energy storage is of great significance to the development of new energy and is an important fulcrum of the third industrial revolution. The domestic energy storage market is welcoming the turning point of development. The smart grid and new energy grids have generated the demand of the 100 billion energy storage market. It is expected that chemical energy storage will begin to increase during the “13th Five-Year Plan” period. From the technical route, it is recommended to store energy in lead carbon batteries and lithium batteries.

 High pressure, wind power equipment, etc.

 From the perspective of segmentation, the performance growth of high-voltage equipment, photovoltaic equipment, wind power equipment and other sub-sectors is more obvious. Among them, Shenzhen Huicheng, Hengshun Zhongsheng, and Dongfang Risheng are expected to increase their net profit by more than three times in the first half of the year. Taking Hengshun Zhongsheng as an example, the company said earlier that it is executing orders of about 1 billion yuan. According to the production plan, the semi-annual output value has increased significantly compared with the same period of last year. It is expected that the net profit will increase by more than 10 times in the first half of this year.

 The typical representatives who benefit from wind power equipment are Goldwind Technology and Moen Electric. The net profit of Goldwind Technology announced that it increased by 250%~300% compared with the same period of the previous year. The reason for the change in performance was the continuous and steady development of the wind power industry in the first half of 2015. The market demand was strong; the company's performance in the first half of the year was good, some owners' project progress was faster than expected, and the company's sales revenue was higher than expected.

 According to the analysis of the electric tiger, the wind power industry continues to benefit from the rushing of the wind power price reduction. It is estimated that the installed capacity of new wind power in China will reach 25GW, which will effectively drive the shipment of Goldwind Technology to rise. It is expected to ship in 2015. The amount will reach or exceed 6.5GW, which will achieve double improvement in performance and market share. In terms of wind farm operation, Jinfeng Technology will not less than 1GW of newly operated wind farms in the next three years (including 2015). It is expected to be at the end of 2015. The cumulative installed capacity of wind farm operations will reach 3GW, which will bring strong cash flow and performance support to the company.

 The wind power service market has gradually opened up. As the largest wind turbine manufacturer in China, Goldwind has installed more than 170 million wind turbines, opening up space for future wind power value-added services.

 The electric tiger believes that the increase in downstream demand and the strength of the policy are one of the main reasons for the continued high prosperity of multiple segments of electrical equipment. From the perspective of the theme, the three major investment lines in the field of electrical equipment in the second half of the year are: “One Belt, One Road + Nuclear Power”, “Power System Reform + Energy Internet” and “Steady Growth Investment + Distribution Network”.

 In addition, the industry believes that with the introduction of national guidance, the micro-grid spring is coming. Electric Tiger believes that the energy Internet and the new power reform have started the microgrid's tens of billions of incremental market demand, fully driving the transmission, distribution, and power consumption, and optimistic about the accumulated card position in the micro-grid field.

 In 2015, the new energy micro-grid demonstration project started in 2015. In principle, each province (autonomous region, municipality) declares one or two. In the future, the National Energy Administration will study and formulate specific support policies in conjunction with the relevant technical departments of the State Council, and encourage each The region combines local actual development of policy measures to support the construction and operation of new energy microgrids.

 Microgrid will usher in a period of rapid development

 The electric tiger believes that the micro-grid will usher in a period of rapid development due to the energy Internet and new electricity reform. The microgrid is a small-scale power distribution system that is a collection of distributed power generation units, energy storage equipment, energy conversion equipment, related loads, monitoring and protection devices. It is the core element of the energy Internet. The microgrid is in line with the spirit of energy Internet sharing and interconnection, and can achieve local autonomy and extensive interconnection systems for self-control, protection and management. In the context of pushing the energy Internet, the global microgrid industry will accelerate development. Under the favorable stimulus of the new power reform, China's microgrid is expected to become the fastest growing market.

  During the “13th Five-Year Plan” period, the micro-grid incited the tens of billions of incremental market demand, and fully promoted the distribution, distribution, and power consumption links, optimistic about the previous card position leader. Using the number of demonstration projects and global market capacity share to estimate the incremental market of microgrid in China during the “13th Five-Year Plan” period is about 20 billion to 30 billion yuan (excluding the original photovoltaic, distribution network, electric vehicle and energy storage needs) ).

 According to the typical configuration of the demonstration project costs constitute a split, the incremental investment is mainly distributed generation, distribution, energy storage and electric vehicle charging facilities, optimistic about the forward-looking layout of high-tech companies.

 The microgrid is a small-scale power distribution system that is a collection of distributed power generation units, energy storage equipment, energy conversion equipment, related loads, monitoring and protection devices. It is the core element of the energy Internet. The microgrid is in line with the spirit of energy Internet sharing and interconnection, and can achieve local autonomy and extensive interconnection systems for self-control, protection and management. In the context of pushing the energy Internet, the global microgrid industry will accelerate development. Under the favorable stimulus of the new power reform, China's microgrid is expected to become the fastest growing market.

 At present, the global microgrid is on the eve of commercial operation, and a new business model is expected to be born. Drawing on the international experience of the United States, Europe and Japan, we believe that in the early days of development, the government generally attached importance to the formulation of micro-grid interest distribution mechanism and cost compensation mechanism to ensure the interests of operators. The initial development of the project relied on the support of relevant incentive policies. Grid operators pay attention to the application of new technologies and the evaluation of their actual effects. In the future, the microgrid of commercialization may have two modes of operation: the independent operation mode under the responsibility of the microgrid operator and the grid company escrow mode under the responsibility of the grid company. In the independent operation mode, the interconnection between the microgrids is required, thereby generating the microgrid. Agent this new market participant.