Demand is strong to provide an effective market guarantee for smart grid development

Power grid concepts such as State Power Nanrui, XJ Electric, TBEA, and Belief Electric have been plunged into the top ten stocks of funds, most of which are new in the second quarter, and the ratio of fund shares to outstanding shares has also increased significantly.

With the gradual disclosure of the semi-annual report of listed companies, combined with the situation of the Awkward Shares disclosed in the second quarterly reports of the funds, the reporter found that the smart grid concept stocks with good policy support and good performance have once again become the focus of the fund, many funds New or added positions in the second quarter.

The fund's significant presence in the second quarter

Statistics show that although the fund company's semi-annual report has not yet been announced, the number of funds holding smart grid-related concept stocks has increased significantly in the top ten most-promising funds announced in the fund's second quarterly report. Among more than 30 smart grid related concept stocks, more than 20 funds were selected by the fund in the second quarter.

Among these smart grid concept stocks, listed companies such as State Power Nanrui, XJ Electric, TBEA, and Belief Electric get together and enter the fund's top ten most-shuffled stocks, most of which are new in the second quarter, and the proportion of fund holdings in circulation shares Also increased significantly.

As an example of Guodian Nanrui, which specializes in power grid dispatch automation and substation automation products, as of the end of the second quarter, it was among the top ten stocks of 84 funds, of which 59 were new arrivals in the second quarter and the current number of shares held. It was 533 million shares, which accounted for about 24% of the outstanding shares. It is expected that with the release of the semi-annual report of the fund, more funds will hold the shares, and the proportion of fund holdings in the outstanding shares will also increase. In addition, the social security fund also settled in large numbers. In the second quarter, the social security fund's 101 portfolio sharply added 9.13 million shares, and by the end of the second quarter, it had a total of 32.22 million shares with a market value of more than 400 million yuan.

At the end of the first quarter, only 36 funds held the stock, and the number of shares held was less than half at the end of the second quarter; the number of shares held by the fund at the end of the first quarter was 284 million shares, which accounted for 18.04% of the outstanding shares, although in the second quarter The stock ex-divided the right to pay 4 shares for every 10 shares to send 2.1 yuan in cash, but in the second quarter, the fund added more than 130 million shares.

Xu Ji Electric, the leading enterprise in power grid automation, relay protection and control devices, had 42 funds holding the stock at the end of the second quarter, of which 35 were new, and the fund's holdings accounted for 27% of the outstanding shares; At the end of the first quarter, only 12 funds held the stock, which accounted for only 14.5% of the outstanding shares.

From the perspective of other smart grid concept stocks, the number of heavily influent stocks entering the fund and the ratio of shares held by the fund at the end of the second quarter accounted for a substantial increase over the end of the first quarter, of which TBEA entered the 21 funds at the end of the second quarter. Shareholding ratio of tradable shares was 5.34%, an increase of about 4% from the first quarter; Siyuan Electric entered 15 heavily-funded stocks; Confidence Electric also entered into more than one fund's hectophilic stocks, of which 8 were new funds, and the fund’s shareholding The ratio of shares outstanding is 5.1%.

Policy and performance both give power

Analysts believe that the Fund's substantial increase in smart grid concept stocks, not only benefited from the strong promotion of the national policy, but also benefited from the strong rebound in the performance of related companies.

From the point of view of policy support, as economic development and urban construction process accelerate, China's power demand will continue to maintain a relatively high growth rate, providing an effective market guarantee for the development of smart grids. Smart grid construction can be used to generate electricity, power grids, and electricity. And related industries such as information and communication have played a leading role. The recently held State Council executive meeting, among the six identified key issues, mentioned that it is necessary to strengthen the construction of urban distribution networks and promote the intelligentization of power grids. It also confirmed the market’s policy support expectations for smart grid construction.

From the perspective of market capacity, the smart grid is very suitable for the current market demand, and the space is huge. According to the relevant plans of the State Grid, the total investment for smart grid construction in China is about 4 trillion yuan, of which 2 trillion yuan will be invested before 2015. Liu Jiangxiao, a researcher at Qilu Securities, said that due to the sound financial situation of the State Grid in recent years, there is a large amount of funds that can be invested and there will be more than expected development under the support of the policy. Liu Bo, a researcher at BOCI Securities, believes that the smart grid is the core infrastructure of the third industrial revolution. Intensifying smart grid construction will promote the development of rail transit, industry, shipping, and military industries.

From the performance of smart grid related concept stocks, most companies have performed quite well since last year. Take Xuji Electric as an example, the 2011 net profit was 156 million yuan, a year-on-year growth rate of only 6.7%; in 2012, net profit increased significantly to 330 million yuan, and the net profit growth rate was 112%; net profit increased again in the first half of this year , the year-on-year growth rate of 68%. And many funds held by Guodian NARI, net profit growth rate in recent years in addition to 23% in 2012, the rest are more than 50%; Pinggao Electric's net profit growth rate is more It is amazing that the growth rate was 382% in 2011, an increase of 677% in 2012, and a further increase of 206% in the first quarter of this year. The rapid growth of the performance is also the reason for attracting funds to settle in this sector.

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