电力迎来国内外双重利好，区域电企借行业东风破局

Group 1 - The core viewpoint of the articles highlights the dual benefits for the power grid companies from both domestic and international markets, with significant investments expected during the "14th Five-Year Plan" period and a surge in demand in emerging markets [1][4] - The International Energy Agency (IEA) predicts that $2.5 trillion will be needed to fill the electricity infrastructure gap in emerging markets by 2030, with over 60% of this gap in renewable energy projects in Africa and Southeast Asia [1][2] - The current logic of the power industry's overseas expansion is based on the dual adaptation of "emerging market demand + domestic technology output," with a significant increase in annual installed capacity demand expected in Africa from 2025 to 2030 [2] Group 2 - The Zambian project by Chendian International serves as a typical case of regional power companies leveraging industry trends, located in a core industrial electricity gap area where industrial electricity prices are approximately 1.8 times higher than in China [3] - The project is expected to increase Chendian International's generation capacity by about 55%, with a quick payback period of approximately six years, making it suitable for regional power companies [3] - The project benefits from a five-year tax exemption policy in Zambia and favorable financing rates under the "Belt and Road" initiative, leading to a projected net profit margin of 40%, significantly higher than the 15% net profit margin of domestic regional power businesses [3][4] Group 3 - The successful implementation of the Zambian project is projected to bring a net profit increase of 43%-57% for Chendian International and validates the feasibility of overseas expansion for regional power companies [4] - The "14th Five-Year Plan" anticipates a fixed asset investment of 4 trillion yuan by the State Grid Corporation, representing a 40% increase from the previous plan, which is expected to exceed expectations [4] - The dual benefits from domestic and international market demands will open up capacity and profit space for Chendian International, providing a dual-path strategy of "stabilizing the domestic base and expanding overseas" for power companies reliant on a single region [4]