Nuclear power restarts and the performance of the company is stable

Affected by the delay in the restart of domestic nuclear power, the growth rate of revenue and profit of nuclear power companies is lower than expected. The 2012 annual mid-year report of nuclear power companies announced recently showed that the gross profit margin of some enterprises has a downturn risk. Take China Nuclear Power (601106) as an example. Operating income decreased by 52.46% from the same period last year.

Everbright Securities (601788) analyzed that it was affected by the 2011 Fukushima nuclear accident in Japan? Smoked China to suspend the approval of a new nuclear power plant project? New orders for the nuclear power business after 2011 have been significantly affected.

Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, said in an interview with the China Economic Times reporter: “The performance of China's nuclear power companies is basically stable, mainly due to the fact that the development of the nuclear power industry is basically unaffected by the economy. The impact of nuclear power restart delay on the performance of nuclear power companies Also relatively limited."

Before the two nuclear accidents in Fukushima, Japan were uncertain, the development of nuclear power in China also had a tendency of “overheating”. Problems such as staking sites, buying nuclear power equipment, and carrying out preparatory work sooner or later were more prominent. They interfered with the overall development of nuclear power in China. deploy.

As of 2010, China is already the world’s largest country in nuclear power construction. The design and manufacture of key equipment for China's tens of millions of PWR nuclear power plants has basically been based in China. After large-scale technological transformation, China has formed a world-class R&D and manufacturing base for nuclear power equipment.

Zhang Guobao, former deputy director of the National Development and Reform Commission and former director of the National Energy Administration, once proposed to strengthen the seriousness of nuclear power planning.

With the adoption of the "12th Five-Year Plan for nuclear safety and radioactive pollution prevention and control and the long-range vision for 2020", the "2020 Medium- and Long-Term Nuclear Power Development Plan" and "Nuclear Power Safety Plan" have been reviewed and passed by the National Energy Administration. Smoked and reported to the Development and Reform Commission? The resumption of the development of smoked nuclear power in China is just around the corner.

Some analysts believe that in the long term, China’s nuclear power installation will maintain an installed capacity of 800-1000 megawatts per year. After the restart of nuclear power construction? Smoked nuclear power business orders and revenue will be significantly warmer.

However, Lin Boqiang pointed out to this reporter: “Now China’s nuclear power development is facing two uncertainties. One is how uncertain is it. Does China’s nuclear power operation capacity reach 60 million kilowatts or 80 million kilowatts? This uncertainty is based on international demand. The second is that the technical route is uncertain, and whether the newly approved nuclear power project in China is to apply the second-generation technology or the third-generation technology, which is an uncertainty.There is currently no third-generation technology for a nuclear power plant in the world. If China tries, China will Build the world's first nuclear power plant using three generations of technology."

The new energy industry in the new energy field has attracted the attention of the domestic nuclear power giants. At present, China Guangdong Nuclear Power Group and China National Nuclear Corporation have already involved in projects such as wind power, solar energy, and biomass energy. Whether it is design consulting, investment construction, or operation management, nuclear power companies are based on nuclear and expand into new energy fields.

According to statistics, China Guangdong Nuclear Power has been approved for wind power projects in Guangdong, Liaoning, Gansu, Qinghai, Xinjiang, Shanxi, Hubei, and Shandong. As of the end of April 2012, the cumulative installed capacity of CGNPC has exceeded 2.95 million kilowatts, and the project capacity is under construction. It has reached 860,000 kilowatts, and the project has a capacity of 2.27 million kilowatts. CNNC has also been trying out resources in the new energy sector in recent years. At the end of 2010, some of the first units of the 50 kilowatt wind power project in the first phase of China Nuclear Power Group achieved power generation. Since 2010, CNNC has locked wind power projects in Gansu, Xinjiang, Hunan, and Fujian. In the field of solar energy, China Guangdong Nuclear Power also launched project operations in several provinces.

It can be expected that with the rapid development of nuclear power companies in wind power and solar power generation industries, and their experience in investment construction and operation, the role played by them in the domestic new energy field will become increasingly important.