On April 24th, De Groat's 20cm large size rose to the limit. The concept of hydrogen energy fluctuated and strengthened, Huadian Heavy Industry hit the daily limit, and Sichuan Jinding, Shengyuan Environmental Protection, and Power Xinke followed suit.
On the news side, in the first quarter of this year, the cumulative installed capacity of fuel cell systems reached 101.90MW, a year-on-year increase of more than 122%, marking that the industry is entering a stage of rapid growth.
The agency believes that the hydrogen energy strategy has become a consensus, and the policy promotes the outbreak of hydrogen energy. Global hydrogen consumption in 2022 was around 95 million tons. In order to achieve the goal of carbon neutrality, the global hydrogen market is expected to expand to 5~800 million tons by 2050. Among them, green hydrogen will become mainstream from less than 1%. Countries are actively formulating hydrogen energy strategies, with Europe setting a demand target of 20 million tons by 2030 being the most aggressive.
De Groat's profile and main business
De Groat integrates design, R&D, manufacturing, inspection, sales and service, and provides clean combustion and heat transfer energy-saving solutions for global customers in the fields of chemical industry, energy, metallurgy, solid waste treatment, etc., and accepts special equipment customization. Through independent R&D and technological innovation, the company has obtained 21 invention patents, 41 utility model patents, and 6 products of the first (set) major technical equipment project in China or Shandong Province. Through years of efforts, the company's products are exported to Asia, Europe, America, Oceania, Africa, to provide high-quality products for international industry leading customers.
The concept of De Groat's stock affiliation
Specialized, special and new, micro-cap stocks, Shandong plate, energy conservation and environmental protection, institutional heavy positions, margin financing and securities lending, high transfer, GEM comprehensive, hydrogen energy, special equipment, carbon trading.
What is Degroat's position in the industry?
In terms of operating income, De Groat is lower than the industry average, ranking 475th in the industry.
What is the basic situation of De Groat's share issuance?
The total share capital of De Groat shares is 150 million shares, of which the number of outstanding A shares is 90 million shares. As of April 24, the total market capitalization was 2,093.2 million, the circulating market value was 1,248.1 million yuan, and the price-earnings ratio was 30.4. The number of shareholders is 13,400. The largest shareholder is Wei Zhenwen, with the top ten shareholders accounting for 64.09%.
What about De Groat's stock financial data?
According to the first quarter report of 2024, Degroat's total revenue was 181 million yuan, and the net profit attributable to the parent company was 49 million yuan, with a year-on-year increase of 98.15% in total revenue and a year-on-year increase of 173.05% in attributable net profit.
As of December 31, 2023, the operating income of the coal chemical industry was 145 million yuan, with a revenue ratio of 46.90%, and the operating income of the petrochemical industry was 144 million yuan, with a revenue ratio of 46.39%.
Executive Profile:
Wei Zhenwen: male, born in 1965, Chinese nationality, no right of permanent residence abroad, professor-level senior engineer, graduated from Tongji University with a master's degree in executive business administration. From July 1985 to September 1987, he served as an assistant engineer in Qingdao Carbon Black Factory, and from October 1987 to August 1998, he was engaged in production and technical management in Qingdao Zhenya Carbon Black Group Co., Ltd. From July 1998 to May 2018, he served as an executive director of Jiaozhou Degute Chemical Technology Co., Ltd., and from July 2000 to November 2005, he was engaged in the operation and management of the company in Qingdao Free Trade Zone Degute Manufacturing Co., Ltd. Executive Director: From November 2007 to June 2012, he served as an executive director of Qingdao Degute Engineering Co., Ltd., from March 2016 to June 2019, he was engaged in operation and management at Qingdao Degute Rail Equipment Co., Ltd., and from April 2004 to September 2012, he was engaged in the operation and management of Qingdao Degute Machinery Manufacturing Co., Ltd., and successively served as general manager and executive director. Since October 2012, he has been engaged in the operation and management of Qingdao Degute Energy Saving Equipment Co., Ltd., and has served as the chairman of the board. Since October 2014, he has served as the executive partner of Qingdao Defeng Investment Enterprise (Limited Partnership). At present, he is a director of Shandong University of Technology and Shandong University of Science and Technology.
Shengang Securities: The hydrogen energy industry is expected to accelerate its development
Recently, the National Energy Administration issued the "Guiding Opinions on Energy Work in 2024" (hereinafter referred to as the "Opinions"). The "Opinions" pointed out that the energy structure continues to be optimized. The proportion of non-fossil energy power generation capacity has increased to about 55%. Wind power and solar power generation account for more than 17% of the country's power generation. Natural gas consumption has increased steadily, the proportion of non-fossil energy in total energy consumption has increased to about 18.9%, and the proportion of terminal electricity consumption has continued to increase.
Hydrogen energy, as a clean and efficient form of energy, has received widespread attention around the world in recent years. The "Opinions" clearly put forward the requirements for accelerating the development of the hydrogen energy industry. The "Opinions" pointed out that it is necessary to compile relevant policies to accelerate the high-quality development of the hydrogen energy industry, promote the innovation and industrial development of hydrogen energy technology in an orderly manner, steadily carry out pilot demonstrations of hydrogen energy, focus on the development of hydrogen production from renewable energy, and expand the application scenarios of hydrogen energy.
At present, the hydrogen energy industry in mainland China has initially formed a relatively complete industrial chain, including hydrogen preparation, storage, transportation and application. With technological progress and policy support, the hydrogen energy industry in mainland China will usher in broader development prospects.
First, hydrogen will play an even more important role in the transportation sector. With the continuous advancement of hydrogen fuel cell technology and the reduction of costs, hydrogen fuel cell vehicles are expected to become an important force in the new energy vehicle market. It is expected to be the first to be applied in long-distance heavy trucks, logistics and transportation.
Secondly, the application of hydrogen energy in the power and industrial sectors will also gradually expand. In the power sector, hydrogen can be used as an energy storage medium to solve the volatility of renewable energy generation. In the industrial field, hydrogen energy can be used as a clean raw material to replace traditional fossil energy and promote the green and low-carbon development of industry.
In addition, with the continuous progress of hydrogen energy technology and the improvement of the industrial chain, hydrogen energy is expected to expand to more fields, such as construction, aerospace, etc.
Risk Warning:
Hydrogen technology has not advanced as expected.
Source:
Shengang Securities-Power Equipment Industry Research Weekly: Hydrogen Energy Industry is Expected to Accelerate Development-20240324
Investment advisory support: Yu Xiaoming Practicing certificate number: A0680622030012
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss.