Large infrastructure outbreak, yunda Stock station motor “tuyere”
Driven by national policies, the post-Holiday large infrastructure sector continues to strengthen, downstream procurement needs to improve, and the wind power industry usher in a new outbreak period.Yunda Co., LTD. (300772), as the earliest enterprise engaged in wind turbine research and manufacturing in China, is expected to seize the opportunity to enter the first echelon of the industry, which can be said to stand on the “draught” of the industry development.Has good prospects for the wind industry recently, the country issued “about perfecting system of green low carbon energy transformation mechanism and policy measures of opinions, put forward to promote building to clean low-carbon energy as the main body of the energy supply system, accelerate the large-scale wind power, photovoltaic power generation base construction, upgrading of existing coal in the area of unit,We will explore the establishment of a mechanism for coordinating the transmission and distribution of new energy power, and support the full construction, integration and development of new energy power.Combined with the strong demand of infrastructure industry after the holiday, this year is expected to continue the development trend of the wind power industry in 2021. As an important investment direction of the two “integration” strategies, the wind power industry will continue to benefit from relevant policies.2021 is the first year of the “14th Five-year Plan”, under the “dual carbon” target, the new energy industry has received unprecedented attention.China’s new grid-connected wind power installed capacity was 47.57GW, especially for offshore wind power, which was 16.90GW, up 452% year on year.At the same time, according to the “Beijing Declaration on Wind Energy”, in the “14th Five-Year Plan” to ensure the annual installed capacity of more than 50GW, after 2025, China’s annual installed capacity of wind power should be no less than 60GW, at least 80GW by 2030, at least 300GW by 2060.Because of this, once triggered the wind power rush tide, and continues to this day.According to zhesang Securities estimates, in January 2022, the domestic wind turbine bidding volume was about 10.56GW, with a year-on-year growth of more than 2.6 times and a year-on-year growth of nearly 40%, significantly higher than the same period in previous years;It is estimated that the bidding volume of offshore wind power in 2022 will exceed 15GW, an increase of more than 21 times year-on-year.Based on the Wind Energy Research Institute of Zhejiang Electromechanical Design Research Institute, Yunda Shares has made great progress under the historical opportunity of “double carbon” with its 40-year industry sense.At present, Yunda’s main business is the research and development, production and sales of large-scale wind turbines, mainly providing integrated wind power solutions covering the whole life cycle of wind power projects.The company has five production bases, all of which are located in the “14th Five-Year plan” clean energy base, which is of great significance to the expansion of the company’s wind power business.In the first half of 2021, the company achieved the external sales capacity of wind turbines of 1565.4MW, with a year-on-year growth rate of 41.07%.With the increase of sales scale, the company’s products and services continue to be recognized by customers, ranking among the best in the supplier evaluation of major customers. The company has been awarded the title of “five-star supplier” as the only complete machine of CGN new Energy for two consecutive years.According to public data, in the first three quarters of 2021, Yunda Achieved operating revenue of 8.776 billion yuan, up 26.23% year on year;Net profit of 257 million yuan, a year-on-year increase of nearly three times;Non-deduction net profit of 251 million yuan, a year-on-year increase of 448.33%.On the basis of doing a good job in the main business of wind turbines, Yunda Shares actively extends to the front and back end of the business chain, cultivating the investment and operation business of new energy power stations and the post-market intelligent service business, forming the business layout of “one main and two wings”.In the first half of 2021, the company has signed a wind power aftermarket sales contract worth 167 million yuan, which has exceeded the total annual sales in 2020.In recent years, the bidding for wind farm owners has changed from simple product bidding in the past to bidding for “overall solutions” for wind farm construction.Therefore, equipment manufacturers need to be responsible for wind resource assessment, wind farm unit selection and scheme design, wind turbine supply, wind farm operation and maintenance, technical upgrading and other wind farm life-cycle services.At present, the grid-connected wind farms controlled by Yunda include Gaoluo Wind farm in Xiyang, Shanxi Province, Ertai Yuying wind Farm in Zhangbei, Hebei Province, and Weihe Wind Farm in Yucheng, Shandong Province.By The end of June 2021, the grid-connected wind farm projects held by the company have a capacity of 250MW, and the grid-connected wind farm projects held by the company have a capacity of more than 500MW, laying the foundation for the development of the company in the wind power post-market.At the same time, the company firmly grasped the historical development opportunities brought by the “dual carbon” goal to the new energy industry, innovated the development mode, and fully developed the wind power photovoltaic resources. The newly signed resources increased significantly. In 2020, the company signed a new wind resource development agreement of 1700MW and a photovoltaic development agreement of 800MW, and completed the approval of 186MW wind power and photovoltaic projects.Lay the foundation for the growth of power station investment business in the coming years.Thanks to the reasonable expansion of the industrial chain, yunda shares business orders increased.According to the company’s announcement, New orders of Yunda From January to September 2021 will be 11.3GW;By the end of the third quarter of 2021, the company’s orders in hand are 14.1GW, a record high, which promotes the company’s market share to increase rapidly.It is worth noting that according to CWEA data, the domestic wind turbine market CR3 in 2020 was 49.47%, down 13.11% year on year, while the market share of Yunda in 2020 increased by 0.7% instead of decreasing, and its profitability was stable, and its market share continued to increase.In addition, according to the statistics of China Wind Power News Network, yunda Won 4.9GW in the open market bidding from January to October in 2021, with a winning share of 13.39%. The medium scale and winning share have been close to the top three enterprises, with a significant improvement in the industry status and a promising future.