November 29 news, the power sector continued to pull up in the afternoon. As of press time, Lin Yang Energy rose by the daily limit, while Laureate Electric Power, Shanghai Electric Power, Sichuan Power and Huaneng International followed.
On the news, according to the National Energy Administration, up to now, China's wind power grid-connected installed capacity has reached 300.15 million kilowatts, breaking through the 300 million kilowatt mark, double that at the end of 2016, 1.4 times that of the European Union at the end of 2020 and 2.6 times that of the United States. it has ranked first in the world for 12 consecutive years. At present, wind power accounts for about 13% of the total installed power in the country, and electricity generation accounts for about 7.5% of the electricity consumption of the whole society, an increase of 0.3 and 1.3 percentage points respectively over the end of 2020. The contribution of wind power to the national power supply is increasing.
China Merchants said in a research report that the direction of policy-driven power grid investment has been further clarified. During the 14th five-year Plan period, China's power grid investment can be summarized as total growth and structural changes. The smart grid industry chain involves five major links: power generation, transmission, power transformation, distribution and power consumption, and there is still much room for improvement in China's distribution system. According to a rough judgment, the investment scale of hardware terminal in the digital transformation of power distribution side in China from 2021 to 2025 is expected to exceed 200 billion yuan. Weisheng Information (688100.SH) has been deeply involved in the power Internet of things industry for many years, focusing on power distribution, providing a complete set of mature solutions for perception, network and application. Considering the business increment brought by the change of China's power investment structure in the next five years, the corresponding performance CAGR of the company's distribution network business from 2021 to 2025 is expected to reach 43%.