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Benefiting from the policy and investment of two-wheel drive, the electrical equipment industry has become a 2014 concentration white horse “concentration camp”. As of June 23, a total of 77 of the 142 companies in the electrical equipment industry disclosed their 2014 interim results forecasts, of which 52 companies reported positive results, accounting for nearly 70%.
It is understood that since this year, UHV releases and photovoltaic and wind power industry policies have been favorable. State Grid Corporation of China is expected to complete 381.5 billion yuan in grid investment in 2014, an increase of 19.9% over the planned investment last year, and the scale of investment hits a record high.
Qicheng company is happy
The data shows that of the 77 companies in the electrical equipment industry that have disclosed their performance reports, 38 companies have increased in advance, 9 companies have continued to make profits, and 5 companies have turned losses. In addition, there were 16 companies with pre-reductions, 6 with losses, and 3 with uncertain performance.
Among them, there were 13 companies whose net profit increased by more than 100%. Huayi Electric ranked first with a net profit growth rate of 1500%, and ranked 11th in the A-share performance forecast company's net profit growth rate. Aikang Technology followed closely behind and expects a net profit increase of 817%.
Huayi Electric said that the reason for the large increase in performance is that the company achieved a significant year-on-year increase in its performance in the third quarter of this year, and the current orders and bid-winning projects have achieved greater breakthroughs than the previous year. Aikang Technology estimates that the total net profit of the report will be 27 million to 37 million yuan, mainly compared to the same period of last year. The company increased the holding of solar power stations, and the revenue from electricity costs contributed a lot to the profit. Sales revenue increased significantly compared with the same period last year.
In the segmented industries, in terms of power supply equipment, benefiting from the development of new energy vehicles, energy storage equipment companies have maintained a trend of value-added, and only one of the six forecast companies has pre-decreased. Under the favorable influence of national policies on photovoltaic and wind power, the performance of the photovoltaic and wind power industries bottomed out. Six companies in the photovoltaic industry were happy and two were losing money. In terms of power grid equipment, high-voltage equipment began to be driven by UHV, and related companies' performance was fast. Growth, all four companies have been foreseen. The low-voltage equipment company's net profit maintained a steady growth rate, and the four forecasting companies all reported good news. In terms of industrial control automation, the high- and low-voltage inverter industry showed a good growth trend. Only one of the seven forecasting companies had a pre-reduction; in the motor industry, four companies Happiness, 1 company reduced.
Photovoltaic wind power UHV reversal
Since this year, warm wind has been blowing in the fields of new energy power generation and transmission and distribution, and the three sectors of wind power, photovoltaics and high-voltage equipment have shown a trend of rising volume and price. The industry believes that the boom in the electrical equipment industry starting in the first quarter of this year is expected to continue throughout the year.
The photovoltaic industry chain is picking up. Many provinces and cities have successively released photovoltaic support policies this year. The National Energy Administration recently convened a photovoltaic special conference to study and deploy support for photovoltaic development policies and financing model innovations. It was proposed that a series of distributed photovoltaic support policies would be introduced. The photovoltaic sector turned from a negative growth in revenue in 2012 to a positive growth in 2013. In the first quarter of 2014, it achieved a high growth rate of 38.62%, mainly due to policies supporting new energy development and solving key issues such as grid connection and subsidies. The photovoltaic sector continued to pick up in the first half of this year. Among the top ten companies with a net profit increase in electrical equipment, photovoltaic equipment companies accounted for 4 of them.
The recent introduction of offshore wind power benchmarking electricity prices has ignited the investment enthusiasm of the wind power industry. Since the second half of 2013, the wind power sector has changed the situation of negative income growth for three consecutive years and has seen a large positive increase. The same growth trend continued in the first half of 2014. Huayi Electric, which leads the increase in net profit, belongs to the wind power sector, and Goldwind Technology, which also belongs to this sector, also ranked third with a 300% increase in net profit. Its estimated interim net profit is 324 to 371 million yuan. , Mainly because the company's revenue increased, while increasing cost control efforts.
Since this year, UHV has made significant and substantial progress. The energy industry ’s air pollution prevention and control action plan formulated by the Energy Bureau in May includes four crosses and four straight lines. At the beginning of June, the Energy Bureau also specifically signed a project construction contract with the State Grid South Network. The other three crosses three straight. The recently held energy security conference further clarified "continuing to vigorously develop long-distance transmission technology." Favorable policies have also brought related performance growth of listed companies. Pinggao Electric expects a 100% increase in net profit in the first half of the year. The company stated that the income structure of the first half of the year has changed, especially that the income of UHV products has increased compared with the same period of the previous year, and the comprehensive gross profit margin has also increased. China Xidian and Changgao Group's performance is expected to grow significantly. * ST Tianwei expects to turn a profit in the first half of the year.