Category: Money tips Release Date: 2006-08-25
Source: China Securities Journal Author: Zhejiang, Li Jie
Huadian Power International (600027) is the largest power generation company in Shandong Province, the largest shareholder of China Huadian Group, has been achieved mainly by thermal power, hydropower, wind power, biomass power generation, power generation structure of complementary diversification.
From the secondary market point of view, the current stock price is only 2.59 yuan, while its H share price of 2.70 Hong Kong dollar has been a breakthrough, with H shares upside down. Contrast to the current power plate, the absolute stock price is significantly lower, the main venue of funds are vulnerable to attack, once the volume released, the unit is expected to short-term upside.
Historical Information: G Huadian Power (600027): order the full afternoon is expected to start the bottom of the counter-Quotes July 15, 2006
Source: Big Rich Investment
National "Eleventh Five-Year" energy plan that the energy industry, to strengthen the conservation and efficient utilization of policy guidance, adhere to conservation priorities, based on domestic coal-based, pluralistic development, and to build a stable, economic and clean energy supply system. Construction of large-scale coal bases, adjusting the transformation of small coal mines, development and utilization of coalbed methane, coal to encourage joint. Stock Recommendation: G Huadian Power (600027), the company is listed on a very competitive generation company, is the largest power generation company in Shandong Province, the largest shareholder of China Huadian Group, to benefit the second coal linkage, can focus on.
The pride of the industry to actively develop new energy projects
Company is listed on a very competitive generation company, is the largest power generation company in Shandong Province, the largest shareholder of China Huadian Group. As of June 30, 2006, the company controlled 16 shares of power generation enterprises, the company has an interest capacity of up to 8.6014 million kilowatts, a total installed capacity of controlling shares of 10.9672 million kilowatts by 2010, the total installed capacity of operational management will reach 23 million kilowatts or more. The company has come out of Shandong, Sichuan, Ningxia, Anhui, acquisitions and new areas such as power projects, has entered the ranks of the national power company. Actively develop new energy projects, the realization of the main thermal power, hydropower, wind power, biomass power generation, power generation structure of complementary diversification. Straw mixed with the country's first coal-fired generating units at the power plant on the 5th Shiliquan unit on stream successfully. The project is currently the largest capacity, the lowest unit cost of biomass power generation project to rehabilitate the units after the combustible used annually 105,000 tons of straw, equivalent to 75.6 thousand tons of coal, economic and social benefits, obviously, is the company's overall development strategy of the important内容. In addition, all use of straw as fuel in power generation projects Huadian Suzhou Straw has also been formally signed, the planning capacity of two 2.5-million KW, with a total investment of 500 million yuan.
Enhance the imagination of space into the hydropower projects
Luding Hydropower Station in Sichuan four 200MW hydro-electric power unit pre-survey work has commenced, marking the company's growth started to break a single area of the construction of thermal power projects; the same time, the company will accelerate the construction of new power projects developed by 2010, the company included in the construction projects to achieve 23000MW holding capacity over more than three times the current installed capacity. As of June 30, 2006, the Dadu River in Sichuan Luding Hydropower four 220,000 kilowatts project has received development rights, and access to the coastal Jiangsu Province, Jimo, Qingdao wind power project development rights; Tengzhou new source 2 and 2 of the project period Zhangqiu approved by the Government has been made; Qingdao's two expansion project second 30-million KW, and Zhangqiu's two expansion project first 30-million KW, respectively, on July 9, 2006, and July 14 the completion of national regulations The 168 hours full-load trial run, formally put into commercial operation, the future development of the company for expansion.
Benefit from the second to enhance the profitability of coal linkage
Pre-National Development and Reform Commission issued a notice to address the rising coal and rail freight price adjustment and other factors on the impact of the approval by the State Council have decided, starting June 30 this year, appropriate adjustments to northern, central, eastern and north-west, etc. the grid electricity price. The company is located in Shandong Province generator sets the current electricity price less than 0.4 yuan per unit increase 1.09 cents, up from 0.4 yuan to increase by 0.6 cents per kilowatt-hour; the generator is located in Sichuan electricity price increased 1.48 cents per unit ; Ningxia Autonomous Region of the generator electricity price increase 0.34 cents per unit; Anhui generating units to raise the electricity price of 0.2 cents per unit. Corporate Average online price (including VAT) than before adjustment increased 1.1 cents / kWh (without desulfurization increases). To start the second coal linkage will further enhance the company's profitability. The secondary market from the stock look at the trend, shares of stock changed diluted by the broader market posted out of the right affected by changes in the trend, recently finishing a more full, afternoon is expected to start the bottom of the counter-market, can focus on.
