Recently, with Fang Tide, we organized a reverse roadshow for the Beijing subway energy conservation project. Together with the project manager, we discussed the technical advantages and market opportunities of the heating network energy saving and intelligent transportation business sector.
1. There is a large gap in the energy-saving market of the heating network: from the perspective of the stock gap, the current heating area of the whole country is 12 billion square meters, of which half are heated by boilers. Judging from the new shortfall, new buildings will bring new heating area every year, and more than 1 billion square meters of new buildings will be built every year.
Energy saving in heating network is very necessary. From the two aspects of network energy saving and source energy saving, there is a lot of room for energy saving. At present, the heat loss in the process of heating is as high as 40%, and the energy-saving space of the network is large. The utilization value of low-grade industrial waste heat is high in winter, so the energy saving of the source is also very necessary. In northern China, there are still about 300 million tons of low-grade waste heat resources of standard coal in electric power, iron and steel, cement, non-ferrous metals, petrochemical and other industries. The combination of network and source and comprehensive energy saving are the key to energy saving of heating network.
2. Tongfang Ted has the advantages of heating network energy-saving technology: the company's market share in the northern heating network market is 50%, 60%, and has a strong competitive advantage in heating network energy saving. The whole network balance software independently developed by the company: realize the uniformity control of the network and eliminate the heat loss caused by the imbalance in the water; the information service platform (expert system): experts are online, the heating problem is solved in real time; big data heating: real-time detection of control parameters, real-time feedback of heating effect.
3. China's urban rail transit ushered in a period of high-speed construction: at the end of 2014, the mileage of China's urban rail transit was 3173 km, and the total mileage was planned to reach 13385 km by 2020. The rapid development of urban rail transit in China has brought good development opportunities for the company's subway intelligence and energy-saving business.
4. as a major energy user, the subway needs huge energy conservation: take Beijing subway as an example, Beijing subway consumes 1.4 billion kilowatt-hours of electricity a year, which is equal to 730,000 households' annual electricity consumption; Shenzhen subway consumes 447 million kilowatt-hours of electricity a year, accounting for 6.3 percent of the city's total electricity consumption. The power consumption cost of subway operators is high, and the average loss of urban rail transit industry is about 12.7 yuan per vehicle kilometer. The power consumption cost of subway operators accounts for about 41% of the total operating costs, and there is a great demand for energy conservation.
5. Station ventilation and air conditioning is the focus of subway energy saving: the largest energy consumption systems in the subway are train traction power supply system and station ventilation and air conditioning system, so station ventilation and air conditioning is the focus of energy saving, and the energy saving space is more than 30%.
6. the subway energy-saving business is expanding rapidly, with the goal of developing to 300 stations by 2018-2020:
The subway energy-saving business has opened up 30 stations in 2016, with the goal of achieving 300 subway stations from 2018 to 2020. The huge electricity expenditure brings great pressure to the subway operators, and the market demand for subway energy saving is very great. At present, the subway energy-saving projects the company is talking about include Ningbo, Chongqing and Tianjin.
7. The issue of asset impairment has been sorted out: some changes have taken place in the waste heat resources of the past few years, but now they have been sorted out, and the invalid resources have been cleaned up. This year began to re-expand, asset impairment will not happen again.
Summary: with the government encouraging the development of urban rail transit network and the gradual increase of central heating area, intelligent transportation and heat network energy-saving business will become a new engine for the company's business growth. The company has strong technical advantages and first-mover advantages, is optimistic about the company's new market development progress, and maintains a highly recommended rating.
