The hottest wind power installation accelerates th

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The wind power installation accelerates the investment in the industrial chain. The institutional analysis believes that the wind power industry is booming, and the second half of the year is the peak season for construction. In the medium and short term, under the background of the decline in bidding prices, the leading enterprises of complete machines can obtain more market share by virtue of technological progress and cost control ability; In the long run, after the implementation of competitive configuration, it is expected that the focus of developers will change from initial investment to lcoe, and the leading competitiveness of the whole machine will further appear

the industry showed a recovery trend

the wind power sector performed commendably yesterday. Although the increase throughout the day was not too high, only 0.54%, considering the overall decline in the Shanghai and Shenzhen markets yesterday and the resurgence of capital caution, it is obvious that investors attach importance to fundamentals under the weak market pattern. In terms of individual stocks, Jiuzhou electric and Jiaze Xinneng both increased the limit in large quantities yesterday, and Xinmao technology and Shidai new materials also increased by more than 2%

in the first half of 2018, the wind power industry operated well, and various indicators of utilization hours, wind abandonment rate and wind abandonment power have improved, and the industry showed a recovery trend

songjiangbo, an analyst at Wanlian securities, believes that the industry recovery is expected to continue and will gradually be transmitted to upstream fan and parts manufacturers. In addition, China's offshore wind power is still in the rapid 12.0 development period, and the installed capacity has maintained a high growth, which will also help the upstream equipment and parts manufacturers. It is suggested to pay attention to power producers with excellent operation level and complete machines with strong competitiveness. At present, the global plastic consumption reaches more than 260 million tons and parts manufacturers

in fact, offshore wind power has been supported and promoted by national policies. Driven by policies, the development of offshore wind power in China has accelerated significantly since 2014, and the factors that previously restricted the development have been basically eliminated. With the accumulation of engineering experience in offshore wind power projects of domestic enterprises, the maturity of technical lines, and the improvement of construction machinery, the domestic offshore wind power industry will develop rapidly and gain the favor of many well-known automobile and bus manufacturers

relevant data show that the total planned offshore wind power in China has reached 75million kW. Lianxun Securities believes that it is conservatively estimated that in, the total new capacity of domestic offshore wind power in 10 years is close to 80gw. "The development of offshore wind power in the future is bound to exceed the planning made under the current technical level."

upstream enterprises benefited more

statistics show that in the first half of 2018, the industry achieved an operating revenue of 53.297 billion yuan, an increase of 7.94% year-on-year, and realized a net profit attributable to the shareholders of the parent company of 9.706 billion yuan, an increase of 15.37% year-on-year

in terms of sectors, in the first half of 2018, the fan and parts sector achieved an operating revenue of 18.347 billion yuan, a year-on-year decrease of 3.56%, and realized a net profit attributable to the parent company of 1.722 billion yuan, a year-on-year decrease of 7.29%; In the first half of 2018, the wind farm operation sector achieved an operating revenue of 34.949 billion yuan, a year-on-year increase of 15.15%, and a net profit attributable to the parent company of 7.984 billion yuan, a year-on-year increase of 21.79%

suncan, an analyst at Chuancai securities, believes that due to the decline in the abandonment rate, the revenue and profit of operators have a higher year-on-year growth rate; The income of the complete machine manufacturer and the price belonging to the parent company are also important. The growth rate of the company's owner's profit slows down; The profits of parts manufacturing enterprises fell. At the current stage, we are still optimistic about the whole machine, and we suggest paying attention to the leading manufacturers of the whole machine. Under the goal of parity, the bidding price of the complete machine is under pressure, but it is unlikely to continue to decline significantly

and other data show that from the perspective of valuation, the current valuation of the electrical equipment (Shenwan) index is 23.15 times, and the valuation premium rate is 109.75% compared with that of the Shanghai and Shenzhen 300. The valuation premium rate continues to decline. In terms of the fund shareholding ratio, the fund shareholding ratio of the electrical equipment (Shenwan) industry in the first half of 2018 was about 2.86%. Among the subdivisions, the funds with a higher proportion of holdings are low-voltage equipment, wind power equipment, photovoltaic equipment and industrial control automation

in this regard, lianxun securities stressed that in the future, new state-owned enterprises will still be the protagonist of offshore wind power investment. In the future, complete machine manufacturers that can produce larger models and have more guaranteed quality will gain a more favorable position, and the gross profit margin of offshore wind turbines will be at a higher level; The capacity of submarine cables will be relatively stable in the next two years. With the subsequent start of bidding for more offshore wind power projects, the supply and demand of submarine cables will be in a tight balance; The large scale of parts and components will enable companies with excellent performance and brand awareness in the industry and the layout of ports to achieve better development

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