January 5th, national power company holds working meeting 2012, summed up the 2011grid construction and investment, and puts forward to worked 2012key and investment plans. National grid power grid construction investment accounted for about75% of investment to 80%, its focus in 2012and the scale of investment of electric power equipment industry has a very important influence.

     Data shows,2011 the national grid power grid investment reached 301900000000 yuan, an increase of 14.2%, but in 2012 the investment scale will be slowing down, plans to complete the grid investment309700000000 yuan, year-on-year growth of only2.6%. This to industry growth is a significant investment to promote the characteristics of power equipment is very flat, but the overall investment growth is slowing down will still some segments of the investment highlights appear. In this second annual meeting, the State Grid is proposed to solve the grid UHV and distribution network" two weak" problem, and to accelerate the construction of UHV grid, promote the special high-voltage preparatory work, ensure that stannic alliance Nanjing and other" four to three straight" UHV project was approved and construction, and strive to" North Fuzhou a two straight" years approved. To this, we are cautiously optimistic, and focus on the landmark events.

     In addition, the national grid proposed in 2012 will accelerate the distribution network construction and transformation, including speeding up the city distribution network construction and transformation project of rural power network. On one hand the 2012 is bound to farming net to upgrade comprehensive implementation of the year, national investment is expected to reach 1100 to120000000000 Yuan; on the other hand, the second batch of 19city of smart distribution of pilot project in 2012to the full implementation stage, mainly focusing on distribution master station, substation and terminal and communication system. State Grid Corporation in 2012will also promote the overall development of the smart grid construction, the main contents include comprehensive promotion of intelligent substation construction, covers an area of and reduce cost; plans to install intelligent meter 37000000, decrease compared to the same period 28.85%, accelerate electric energy data acquisition system construction; promote the pilot city electric car charging for power plant construction, form a key city, Yangtze River Delta and Bohai regional electric vehicle charging for electric network services.

     By 2011, the State Grid Corporation of investment circumstance summary and2012Investment plan analysis, we think,2012electric power equipment industry investment strategy should fully embody the industry as a whole and segment has the difference, between different segments are different characteristics.

     First of all, from the power grid construction investment growth sluggish, electrical equipment industry in 2012to the overall investment opportunities, but there is no lack of structural opportunities under the overall dull. In short," catch both ends, release the middle", namely the attention of 35kV and below the level of voltage in voltage and 1000kV,800kV field of UHV, and110kV to500kV voltage range of high pressure, high pressure areas have few opportunities.

    Secondly, distribution areas rapid investment growth is more determined,2012 will be the power equipment industry the most investment potential field. Investors may be concerned about in the intelligent distribution network in the market share has the absolute advantage of the state power Nari ( build 23smart distribution pilot city in 14), as well as distribution carrier communication leading graduate intelligence and national network of EPRI tries their best to build confidence in electrical distribution network transformer platform. While the UHV AC transmission project is also worth a look, but still need to await a key event to occur, such as the Huainan Shanghai line of the result of the event caused irritation or stannic alliance Nanjing line approved brought overall construction expected improvement. While under UHV AC construction affects the performance of elastic maximum and order the biggest profit company Ping Gao electric and Chinese West is worth paying attention to.

    By the end of 2011, intelligent substation equipment tender appeared apparent volume, the second batch of pilot projects have been completed and put into production, is expected in 2012110 / 66kV and above voltage intelligent substation construction fully carry out the probability of large, intelligent equipment of higher value also will boost investment in the sector growth. In addition to the state power Nari, to afterwards and substation automation system as the main source of income for the Quartet's shares are worth paying attention to.