According to market information, during the 12th Five-Year Plan period, the total investment in the smart grid of the State Grid Corporation of China amounted to 286.11 billion yuan, and the average annual investment was 57.22 billion yuan, which was substantially double the annual investment of 112.5 billion yuan. In addition, the strategic development of China Electric Power Research Institute. Liu Youwei, deputy director of the research center, said recently that during the 12th Five-Year Plan period, the State Grid will establish about 5,000 smart substations nationwide. With the construction of smart substations, by 2020, the total investment of smart transformers will increase by RMB350 billion. The total new investment is 280 billion yuan, and the new transformer has added a total investment of 90 billion yuan.
Xinlong analysis believes that policy investment planning brings about the imagination of the industry. The scale of intelligent investment and the direction of investment in the 12th Five-Year Plan are clear. It is conducive to the promotion and reform of the smart grid technology upgrade in the power industry, and the gradual transformation of electricity investment. The power grid has begun to enter a new era of comprehensive development. At the same time, with the gradual formation of technical standards, the upgrading of urban and rural power grids has accelerated, and the promotion of smart grid pilots has accelerated, providing a rare opportunity for companies in the upper reaches of power equipment or engaged in supporting facilities and parts. In case of market opportunities, related listed companies are expected to continue to benefit.
The latest statistics of Xinlong data show that since January 4th, the market began to decline from the first quarter after the shock, the first three quarters of the Shanghai index range -8.57%, and the smart grid index after a short period of one quarter After the rebound, the market began to decline unilaterally, with a range fall of -27.21%. The index exceeded the index by 19% during the same period, and the industry adjusted more fully. The listed company is a high-tech enterprise that is a well-known professional R&D company that produces power transmission and distribution and control equipment. Torch plan company, due to fierce market competition, declining product prices, raw material prices caused by the three-quarter gross margin fell nearly 4 percentage points of Siyuan Electric, and a considerable number of industrial automation instrumentation integrated production suppliers and system integrators, providing products There are WT1151, WT2000 series differential pressure / pressure transmitter, XE / XEM / WT4300 series electromagnetic flowmeter and a variety of field bus temperature transmitters and other field instruments, such as Welch, and the first three quarters of the company's main income year-on-year increase The speeds were as high as 27.57%, 51.68%, and 31.43% respectively, benefiting from the upgrading of rural power grids, and the double growth of revenue orders. Electric have released the secondary market risk to a considerable decline.
Therefore, in summary, the smart grid construction project carried out in pilot projects in previous years has laid a good foundation for the overall development of the sector during the 12th Five-Year Plan Period. With the succession of funds in place in the later stages, it will benefit from the transformation of electricity investment and the country. The construction of smart grids that attaches great importance to policy funding will gradually increase. The smart grid industry that has been fully adjusted during the year will continue to be a hot spot for the market in the coming period, and related listed companies will also receive continued benefits.
Analysis of related listed companies in the industry
Siyuan Electric: New business lays the foundation for overseas expansion
The company is a well-known high-tech enterprise specialized in R&D and production of power transmission and distribution and control equipment. The national key torch plan company is one of the fastest-growing listed companies in the power equipment manufacturing and service industry. The company relies on technological innovation and sound management. , Established a technology development system with fully independent intellectual property rights, and possessed a number of national-level key new products and technological invention patents. Leading products and core technologies are all leading positions in China. Later, new products include SVG, digital substations and GIS. The development of new businesses has progressed well, and breakthroughs have been made in overseas markets. It has successfully opened up foreign markets such as Vietnam and established cooperative relationships with major domestic contractors, laying a foundation for the expansion of the company’s overseas market operations in the future.
Honored Shares: Downstream Demand Guarantees Performance Growth
The company is a well-known high-voltage dynamic reactive power compensation device SVC manufacturing base in China, specializing in high-voltage power grid dynamic reactive power compensation device (SVC), power filter device (FC), intelligent gas discharger (MABZ), high-voltage motor frequency control device (RHVC) and other high-tech enterprises engaged in equipment manufacturing, system design, and research and development of power electronics and automation devices, among which SVG and inverter sales are in good condition. Annual orders will increase 30% over the previous year; The demand for 25MW ultra-high-power inverters, photovoltaic inverters and coal-fired inverters has gradually opened up. At the same time, the company's high-pressure fields and downstream industries are mostly subdivisions of state-owned enterprises. There are still positive trends under the 12th Five-Year energy-saving assessment pressure. Purchasing demand, the downstream economy is still the same, to provide peripheral protection for the company's 2012 growth rate response.
Xinlong analysis believes that policy investment planning brings about the imagination of the industry. The scale of intelligent investment and the direction of investment in the 12th Five-Year Plan are clear. It is conducive to the promotion and reform of the smart grid technology upgrade in the power industry, and the gradual transformation of electricity investment. The power grid has begun to enter a new era of comprehensive development. At the same time, with the gradual formation of technical standards, the upgrading of urban and rural power grids has accelerated, and the promotion of smart grid pilots has accelerated, providing a rare opportunity for companies in the upper reaches of power equipment or engaged in supporting facilities and parts. In case of market opportunities, related listed companies are expected to continue to benefit.
The latest statistics of Xinlong data show that since January 4th, the market began to decline from the first quarter after the shock, the first three quarters of the Shanghai index range -8.57%, and the smart grid index after a short period of one quarter After the rebound, the market began to decline unilaterally, with a range fall of -27.21%. The index exceeded the index by 19% during the same period, and the industry adjusted more fully. The listed company is a high-tech enterprise that is a well-known professional R&D company that produces power transmission and distribution and control equipment. Torch plan company, due to fierce market competition, declining product prices, raw material prices caused by the three-quarter gross margin fell nearly 4 percentage points of Siyuan Electric, and a considerable number of industrial automation instrumentation integrated production suppliers and system integrators, providing products There are WT1151, WT2000 series differential pressure / pressure transmitter, XE / XEM / WT4300 series electromagnetic flowmeter and a variety of field bus temperature transmitters and other field instruments, such as Welch, and the first three quarters of the company's main income year-on-year increase The speeds were as high as 27.57%, 51.68%, and 31.43% respectively, benefiting from the upgrading of rural power grids, and the double growth of revenue orders. Electric have released the secondary market risk to a considerable decline.
Therefore, in summary, the smart grid construction project carried out in pilot projects in previous years has laid a good foundation for the overall development of the sector during the 12th Five-Year Plan Period. With the succession of funds in place in the later stages, it will benefit from the transformation of electricity investment and the country. The construction of smart grids that attaches great importance to policy funding will gradually increase. The smart grid industry that has been fully adjusted during the year will continue to be a hot spot for the market in the coming period, and related listed companies will also receive continued benefits.
Analysis of related listed companies in the industry
Siyuan Electric: New business lays the foundation for overseas expansion
The company is a well-known high-tech enterprise specialized in R&D and production of power transmission and distribution and control equipment. The national key torch plan company is one of the fastest-growing listed companies in the power equipment manufacturing and service industry. The company relies on technological innovation and sound management. , Established a technology development system with fully independent intellectual property rights, and possessed a number of national-level key new products and technological invention patents. Leading products and core technologies are all leading positions in China. Later, new products include SVG, digital substations and GIS. The development of new businesses has progressed well, and breakthroughs have been made in overseas markets. It has successfully opened up foreign markets such as Vietnam and established cooperative relationships with major domestic contractors, laying a foundation for the expansion of the company’s overseas market operations in the future.
Honored Shares: Downstream Demand Guarantees Performance Growth
The company is a well-known high-voltage dynamic reactive power compensation device SVC manufacturing base in China, specializing in high-voltage power grid dynamic reactive power compensation device (SVC), power filter device (FC), intelligent gas discharger (MABZ), high-voltage motor frequency control device (RHVC) and other high-tech enterprises engaged in equipment manufacturing, system design, and research and development of power electronics and automation devices, among which SVG and inverter sales are in good condition. Annual orders will increase 30% over the previous year; The demand for 25MW ultra-high-power inverters, photovoltaic inverters and coal-fired inverters has gradually opened up. At the same time, the company's high-pressure fields and downstream industries are mostly subdivisions of state-owned enterprises. There are still positive trends under the 12th Five-Year energy-saving assessment pressure. Purchasing demand, the downstream economy is still the same, to provide peripheral protection for the company's 2012 growth rate response.
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