Electrician industry V-shaped reversal of the annual increase or up to 20%

China Electric Industry Association predicts that the output of power generation equipment will still exceed 100 million kilowatts this year; the output of basic electrical products such as wire and cable , electric motors , and insulating materials will increase by about 25% ; the output of transformers will be flat or slightly lower than last year. The electrician industry has now seen a "V" type reversal, and the stamina is full.

The reporter learned from the China Electrical Appliance Industry Association on the 13th that in the first half of the year, the electrician industry has gradually showed a trend of stabilizing and improving, and it is expected to achieve a large increase of 20% in the whole year. On the same day, the power equipment sector performed well, with Rongxin Co., Ltd. closing 6.50% higher , Guodian Nanrui rising 5.73% , TBEA 4.38% , and INVT 4.59% .

For some time, related listed companies have generally outperformed the broader market. With the recovery of the world economy, coupled with the country's rise in the development and construction of smart grids to the strategic level, it is expected that the electrical industry in the future will still have a broad space for development.

Stronger performance

Association data show that since the beginning of this year, the electrical industry has exhibited a “V” type reversal, and it has maintained a strong upward trend, especially in the first half of the increase in production and sales indicators as high as 30% .

Among them, the electrical industry in the first half of the cumulative total industrial output value increased by 30.03% year-on-year; achieved industrial output value increased by 31.40% , respectively, compared with the same period last year increased by 23.08 and 26.21 percentage points. The cumulative product sales rate was 97.06% , an increase of 1.09 percentage points from the same period of last year. This year, the cumulative production and sales rate has remained above 96% . According to the association’s sources, the electrician industry covers manufacturing industries from power generation equipment, transmission and distribution equipment, to various types of electrical equipment ( strong power ), and electrical basic components and basic materials.

The performance of listed companies also confirms the above data. According to the statistics on the operating performance of 60 listed companies in the power equipment industry in the first half of the year, the listed companies in the first half of the year achieved a total revenue of 101.25 billion yuan, a year-on-year increase of 16.7% . Zhang Lei, research director of China Power Securities’s power equipment industry, believes that “In the first half of the year, the industry’s revenue growth exceeded expectations. ”

High growth performance led to high growth in the stock price to Dongfang Electric, for example, the company since August 26 semi-annual report released so far, the cumulative increase more than 23%.

Demand continues to improve

According to the forecast of the State Grid and China Southern Power Grid at the beginning of the year, the country’s electricity investment this year is expected to be 660 billion yuan, which is basically the same as last year.

“ Currently, the growth rate of major economic indicators such as production, sales, profits, import and export trade in the electrical industry is better than expected at the beginning of the year, and it is expected to achieve about 20% growth in the whole year. ” The association’s confidence in the next stage of development is undiminished. According to reports, the leading power generation equipment companies in the industry are currently full of orders, and the accumulated amount of orders ( ie, in-hand orders ) in the first half of the year increased by 23.10% year-on-year. "In the second half of the year, the strong demand for power generation equipment from power supply will continue to drive a substantial increase in the output of power generation equipment. "

At the same time, with the recovery of the world economy, the demand of the international market for China's products ( in terms of value, nearly 60% of which are electromechanical products ) is also gradually growing. Therefore, it will be a great advantage for the electrical industry, which accounts for nearly 20% of total exports and sales.

In addition, the country has increased the development and construction of smart grids to the strategic level, and also provided a broad space and sufficient momentum for the development of the electrician industry.

China Electric Industry Association predicts that the output of power generation equipment will still exceed 100 million kilowatts this year; the output of basic electrical products such as wire and cable, electric motors, and insulating materials will increase by about 25% ; the output of transformers will be flat or slightly lower than last year.