Shouhang High-Tech(SZ:002665)2022-12-08 08:04Group 1: Market Overview and Future Prospects - The solar thermal power market in China has started later than photovoltaic (PV) but has significant potential for growth once government subsidies are introduced [2] - The National Development and Reform Commission estimates that the solar thermal power industry in China has at least 500 million kilowatts of potential, equivalent to a market value of 15 trillion RMB [6] - The solar thermal industry is recognized as a strategic new energy sector that will receive strong government support in the future [6] Group 2: Technology and Cost Analysis - The company has fully mastered the technology for both trough and tower solar thermal power plants, with the latter showing a lower cost per kilowatt-hour by approximately 0.15 RMB [4][6] - The company can reduce costs to the lowest in the market due to its comprehensive design team and in-depth research on operation and maintenance technologies [4] - The cost of trough technology is currently slightly higher than that of tower technology, as trough technology was more mature in the early stages of development [6] Group 3: Competitive Advantages and Employment Impact - Solar thermal power has significant advantages over conventional energy sources, including the ability to effectively absorb excess production capacity in glass, steel, and thermal power equipment [6] - The industry is expected to create numerous job opportunities and stimulate local economies, making it a promising sector for development [6] Group 4: Policy and Profitability Expectations - The company anticipates that relevant policies for solar thermal projects will be clarified within the year, which could positively impact profitability [8] - The company expects its gross margin to exceed the industry average due to its involvement in 60-70% of the entire power plant business [8]