电力行业动态点评报告：国家能源局发布指导意见，隔墙售电有望推进

Investment Rating - The report maintains a "Recommended" investment rating for the utility sector [1]. Core Viewpoints - The National Energy Administration has issued guidelines to support the innovative development of new types of operating entities in the electricity sector, which includes measures to improve scheduling management, encourage equal participation in the electricity market, optimize market registration, and enhance trading mechanisms [1]. - New types of operating entities are categorized into single-technology and resource aggregation types, which are characterized by their ability to adjust electricity and energy and feature new technologies and operational models [1]. - The importance of new operating entities is increasing, which will help enhance the power system's absorption capacity and flexibility [1]. - The report suggests that the participation of new operating entities in the electricity market will improve their profitability and enhance the overall flexibility of the power system [1]. Summary by Relevant Sections Industry Dynamics - The report highlights the potential for new operating entities to participate in the electricity market through flexible methods such as volume-based bidding or non-bidding, which will provide more accurate price signals to meet market demand [1]. - The guidelines also propose exploring mechanisms to increase the supply of green electricity through direct connections with new energy sources, further enhancing local consumption of renewable energy [1]. Company Focus and Earnings Forecast - The report identifies specific companies to watch, including: - Guoneng Rixin (国能日新) with a projected EPS of 1.07 in 2024 and a current price of 44.53 CNY [4]. - Anke Rui (安科瑞) with a projected EPS of 1.06 in 2024 and a current price of 20.08 CNY [4]. - Langxin Group (朗新集团) with a projected EPS of 0.53 in 2024 and a current price of 13.66 CNY [4]. - Dongfang Electronics (东方电子) rated as "Buy" with a projected EPS of 0.52 in 2024 and a current price of 10.90 CNY [4]. - Guodian Nanrui (国电南瑞) with a projected EPS of 1.00 in 2024 and a current price of 24.86 CNY [4]. - Nanfang Technology (南网科技) with a projected EPS of 0.77 in 2024 and a current price of 33.31 CNY [4]. - JinkoSolar (晶科科技) with a projected EPS of 0.16 in 2024 and a current price of 3.15 CNY [4]. - Linyang Energy (林洋能源) with a projected EPS of 0.57 in 2024 and a current price of 7.35 CNY [4]. - Xinneng Technology (芯能科技) with a projected EPS of 0.47 in 2024 and a current price of 9.20 CNY [4].