750KV grid construction of high level electric beneficiaries – the high level el

Shun Huang Shouhong Securities Institute Grid investment growth 2008 year, the State Grid Corporation in the company's "two sessions" during the release of "national power grid company on the changing mode of development, speed up the grid construction view", the document clearly "during" National Grid construction investment increased to 12 150 billion, which is already the second time the State Grid Corporation raised "during" the scale of investment plans.

2005 the end of State Grid Corporation plans "Eleventh Five-Year" for the 850 billion yuan investment in the beginning of 2006 program raised 1.12 trillion yuan. With China Southern Power Grid plans to invest 234.1 billion yuan, the two grid companies "Eleventh Five-Year" construction investment reached 1.3541 trillion yuan, is "15" 2.9 times the investment during the period. 2008, State Grid Corporation plans to invest 253.2 billion yuan, China Southern Power Grid plans to invest 44.882 billion yuan, total 298.082 billion yuan, an increase of nearly 17% over the previous year.

As early snowstorms and power companies in the earthquake disaster in the loss of two large, post-disaster reconstruction funds will reach 73600000000 yuan. Mainly the loss of snow High pressure Line, switch to benefit small businesses in the quake, Transformer substation The loss is particularly serious, the substation will be required repair or reconstruction of a large number of switching equipment.

750KV grid building opened 2008 year, State Grid Corporation introduced the Northwest Power 750kv network planning, construction in full swing. "Eleventh Five-Year" period, the Northwest Power Grid 750 kV project invested 60.3 billion yuan to build 750 kilovolt substation 32, power transmission capacity of 49,500,000 KVA, 750 kV line 36, line mileage of 12,560 km, covering the initial completion Northwest 5 provinces (regions) of 750 kilovolt power delivery side. 2010 will be basically completed in Northwest Illustration 4 Shaanxi provinces ran through the main Power supply Base and the load center, the stronger the 750kv grid backbone. The original planning of the "12 line 12 change" to the end of 2008 completed the formation of a hydropower station in Qinghai for the vertex Laxiwa, Guanzhong in Shaanxi and Ningxia, Ning Dong for the fulcrum, the shape of inverted "A" shaped with pole double-loop backbone frame.

We expect, be put into operation in 2008 800kv circuit breaker 48 intervals, 2009 and 2010 needs 100 intervals, 2009, 2010, the annual 800kv circuit breaker market interval of about 10? 2 billion yuan. Since 70% of the localization rate of requests, only the level of high electrical, Western Cape and Shen open to share, is expected to level at least a year of high electric 4 million shares. There is also need for supporting the 330kv substation will also need a lot of switching equipment. Company 800kvGIS products have won the bid Guanting Substation 2, 3, 4 expansion project, Baoji second power plant project, 800kv power plant dam tender tank circuit breakers, Helan Mountain substation. Company GW27-800 type Isolating switch And JW8-800 switches have won the bid of ground east of Yinchuan, Lanzhou East, Guanting, Lanzhou East 3, Helan Mountain substation power plants and dams, show that the company's high voltage products have been gradually introduced to the market to mature.

2008 4, the National Development and Reform Commission approved seven projects of 750 kV power grid, were dry counties? Baoji, dry county? Weinan Weinan? Yan'an? Yu Wang, Helan Mountain? Yellow, Silver? Yellow? Yinchuan East back Yongdeng? Jinchang and Xining substation expansion works. 750kv substation are State Grid Baoji 3rd focus Tender Completed some of the main equipment tender. This marks, 750kv power grid construction has been fully opened.

Profit forecast

Steel prices this year, a big rise, high-voltage switch in the use of metal materials are copper, aluminum and iron. We believe that the average price of copper this year will be flat with the previous year, the average price of aluminum will be less than 5% over the previous year, the average price of steel will be higher than 20% over the previous year.

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