Rongxin shares: Flexible transmission for SVC to open up a new market

The smart grid not only puts forward high requirements for the safety, stability and economic level of the power grid, but also requires the flexibility and controllability of the grid beyond the existing level.　　Flexible transmission technology is an important technical support for strong smart grid, and reactive compensation is the core technology of flexible transmission. Rongxin shares are currently the largest manufacturer of static Var compensator (SVC) in China.　　The company 2009 from the two major power grids, the proportion of SVC orders increased significantly, the first time to enter the grid series replenishment market. The data show that the SVC shares in the current market share of more than 50%.　　Company 2009 to achieve the main business income of 922 million yuan, an increase of 58.28%, of which SVC revenue 480 million, an increase of 13.38%, accounting for the company's total revenue of 47%. SVC orders mainly in the metallurgical, coal and other fields, benefiting from the power grid intelligent demand, the company began to seek breakthroughs in the grid field.　　2009, the company's SVC and the power grid signed a significant increase in orders year-on-year.　　According to the Xinda Securities report, the company is expected to be able to obtain 300 million of the order on the grid in 2010, the entire SVC business will continue to maintain 50% growth, estimated revenue will reach 700 million yuan. Jiangnan Securities industry analyst Jing Wei told the first financial daily newspaper, "Financial quotient" Reporter: "the grid business is their new breakthrough last year's business, the original power grid orders mainly by the Electric Science Institute LED." In the series of complementary technology, the domestic enterprises can do is not much, rongxin with Siemens after the technology has a certain advantage, coupled with these two business in the technical barriers are relatively high, the future space is still very large. "In addition, the original SVC is mainly used in metallurgy, coal and other industries, under the financial crisis under a certain impact, but the crisis should have a rebound after the past." Traditional business picks up and new breakthroughs in grid orders are expected to increase the future of the company.　　"Jing Wei points out.　　According to CICC, SVC is mainly used in the field of industrial energy conservation, the market capacity in this field will stabilize in the future 2 billion yuan, and smart grid will bring more than 4 billion yuan of flexible transmission demand. "The company has a feature is that new products are emerging, such as wind power converter is one of the points, before the field of more than 95% of foreign enterprises occupy, the future of this part of the company's business to replace foreign products will usher in a big increase."　　"Jing Wei said.　　Currently in the field of wind power, the national Development and Reform Commission's "renewable energy medium and long term planning" and "renewable energy development" Eleven-Five "planning" have put forward quota system requirements, the goal is to reach the total installed capacity by 2020 of 15%. It is understood that rongxin and goldwind development of the 1.5MW full power inverter has entered the network testing phase.　　The company expects to complete research and development this year, and will contribute 50 million yuan in 2011. In addition, a number of brokerage reports have pointed out that Rongxin shares in the residual heat residual pressure business market potential. Residual heat residual pressure is mainly to help enterprises to build energy-saving power generation system, in the future the country further stringent steel, petrochemical and other areas of energy-saving emissions expectations, a number of research institutions optimistic about residual pressureBusiness。　　In May 2008, the company acquired a 60% equity stake in the company, the latter mainly engaged in residual heat power generation system business, 2008 only to achieve income of 6.05 million yuan, but in 2009 to achieve a breakthrough in the realization of income of 124 million yuan, equivalent to 20 times times 2008, become an important growth point of the company. Jing Wei told reporters: "This part of the business in the future may even reach 100% growth." At present, there are 523 million yuan in the hand order, which is more than 4 times times the income of 2009. and the residual heat residual pressure only with the progress of the project, not limited by capacity, so the income is more stable. ”