您的网页浏览器版本过低。更新您的浏览器,以便在该网站上获得更安全、更快速以及更优质的体验
建议升级浏览器: firefox 火狐浏览器 download chrome 谷歌浏览器 download

【重点推荐】通讯宋嘉吉/周明/王胜:中恒电气(002364)控股殷图增强能源互联网运营能力

作者: 国泰君安证券研究
2015-06-19 10:27
上调目标价至45.4元,维持“增持”评级:公司公告出资5,490万元人民币持有北京殷图60%的股权,北京殷图

上调目标价至45.4元,维持“增持”评级:公司公告出资5,490万元人民币持有北京殷图60%的股权,北京殷图在电力系统实时数字仿真计算和电力系统全过程暂态测试领域具有突出的优势地位,其电力系统数字动态实时仿真系统(DDRTS)是国内第一套具有自主知识产权、基于微机的数字仿真实时闭环测试系统,也是国内第一套大型电力系统电磁暂态仿真软件系统,北京殷图2015年(考核期)计划完成实际净利润为不低于800万人民币,我们认为此次控股殷图超出市场预期,此次中恒控股北京殷图将进一步增强公司能源互联网运营能力。维持15-17年EPS分别为0.35/0.56/0.96元,给予2015年PEG2.2倍的估值,上调目标价至45.4元。

中恒能源互联网运营能力被低估。市场认为中恒只是能源互联网众多标的之一,因此低估了中恒在能源互联网的竞争力,但是我们认为中恒是能源互联网运营第一股,原因:随着能源互联网的发展,未来将有众多分布式能源接入网内,电力系统的运行将会越来越复杂,网内运行风险必将骤增,电力系统数字动态实时仿真是电网安全稳定运行的关键技术,控股殷图扩大公司的技术领先优势能源互联网运营需要包括规划、设计、实施、运维、增值服务在内的一揽子服务,而不是单点的服务,中恒很早就看到了这个趋势并进行了积极的布局,产品线横纵向扩张非常迅速,此次控股殷图完善了公司能源互联网的产品线,加速能源互联网战略的落地。

催化剂:售电牌照发放;电力市场化改革的细则出台

核心风险:电力市场化改推进力度低于预期;能源互联网市场迟迟未启动

注:如需转载请标明出处及作者

参与评论
收藏
qrcode
相关资讯
参与评论
\n \n
\n
\n
\n
\n","content_short":"上调目标价至45.4元,维持“增持”评级:公司公告出资5,490万元人民币持有北京殷图60%的股权,北京殷图","display_time":1434680849,"id":239218,"image_uri":"https://wpimg.wallstcn.com/47fb410f-63b1-4012-aa08-0991c715845d.jpg","is_need_pay":false,"is_priced":false,"is_trial":false,"layout":"wscn-layout","membership_uri":"","next":{"id":219601,"image_uri":"https://wpimg.wallstcn.com/9d/66/37/mV519g.jpg","title":"中国金融机构外汇占款连续第二个月增长","url":"https://wallstreetcn.com/articles/219601"},"pageviews":5,"plates":[],"previous":{"id":219597,"image_uri":"https://wpimg.wallstcn.com/04/ad/75/china-plenum-nov-2013.jpg","title":"人民日报:误读政策危害市场","url":"https://wallstreetcn.com/articles/219597"},"related_articles":[{"author":{"avatar":"https://dn-wscn-avatar.qbox.me//d7/a7/37/img-0175.jpg","display_name":"张澄","id":51},"content_short":"未来的新一代人类的技术基础设施是区块链","display_time":1542327359,"id":3438652,"image_uri":"https://wpimg.wallstcn.com/d418e3df-cfb8-49ae-baa7-34212221808e.jpg","is_in_vip_privilege":false,"is_priced":false,"source_name":"盒饭财经","source_uri":"http://mp.weixin.qq.com/s?__biz=MzI3OTE4OTY2Ng==&mid=2653041545&idx=1&sn=4fe1d62acc00e86bd5a8c29ddb5bb5c3&chksm=f09d1244c7ea9b5243e9205539905f3ebbb25ff6a476b17f0cde10aac9f11fa2509fa78b6323&scene=0&xtrack=1#rd","title":"中财教授黄震:区块链如何重新定义未来创业?","url":"https://api-prod.wallstreetcn.com/redirect?target_article_id=3438652&read_model=false&target_uri=http%3A%2F%2Fmp.weixin.qq.com%2Fs%3F__biz%3DMzI3OTE4OTY2Ng%3D%3D%26mid%3D2653041545%26idx%3D1%26sn%3D4fe1d62acc00e86bd5a8c29ddb5bb5c3%26chksm%3Df09d1244c7ea9b5243e9205539905f3ebbb25ff6a476b17f0cde10aac9f11fa2509fa78b6323%26scene%3D0%26xtrack%3D1%23rd","use_default_image":true},{"author":{"avatar":"https://wpimg.wallstcn.com/c4130f85-2e57-4713-8a48-b6e1f5d1b9a5","display_name":"蒋玉","id":120000002767},"content_short":"在亮眼的业绩的背后,也有着一定的亏损,虽然说亏损在互联网企业当中不算什么,但是很多人质疑说趣头条是不是在“买用户”?那么在趣头条快速发展的背后其玩法的核心逻辑到底在哪?","display_time":1542326534,"id":3438631,"image_uri":"https://wpimg.wallstcn.com/f3ec953b-e81f-44f1-95f8-487540c05d7c","is_in_vip_privilege":false,"is_priced":false,"source_name":"江瀚","source_uri":"http://mp.weixin.qq.com/s?__biz=MzIxMTE5MjY2NA==&mid=2653044228&idx=1&sn=03190a7a44a93e9ad169e0fab0f260b0&chksm=8c8f8033bbf809253e890a779cced561ad1602722eb1d629c8cbce5c1994f1cfcddefdc74d01&scene=0#rd","title":"趣头条“花钱买用户”?为什么说没人看懂趣头条真正玩法?","url":"https://api-prod.wallstreetcn.com/redirect?target_article_id=3438631&read_model=false&target_uri=http%3A%2F%2Fmp.weixin.qq.com%2Fs%3F__biz%3DMzIxMTE5MjY2NA%3D%3D%26mid%3D2653044228%26idx%3D1%26sn%3D03190a7a44a93e9ad169e0fab0f260b0%26chksm%3D8c8f8033bbf809253e890a779cced561ad1602722eb1d629c8cbce5c1994f1cfcddefdc74d01%26scene%3D0%23rd","use_default_image":false},{"author":{"avatar":"https://wpimg.wallstcn.com/2651409d-2179-4ff2-a299-ec8affb49e84","display_name":"杜玉","id":120000000347},"content_short":"道指盘初跌150点,科技股多数走低,Facebook跌1%,亚马逊跌2.5%。学前教育新规出炉,中概股红黄蓝暴跌53%两度暂停交易,网易三季报利好并宣布新股回购计划,盘初涨超9%。中概股逆市普涨,英镑重挫,油价涨逾1%,黄金涨。","display_time":1542299809,"id":3438562,"image_uri":"https://wpimg.wallstcn.com/c15ef56c-3717-4167-8ee0-ab5fedfee1ce.jpg","is_in_vip_privilege":false,"is_priced":false,"source_name":"","source_uri":"","title":"标普一度回吐全年涨幅 红黄蓝暴跌逾50% 债市避险情绪升温 ","url":"https://wallstreetcn.com/articles/3438562","use_default_image":false},{"author":{"avatar":"https://wpimg.wallstcn.com/c55c6dca-8b77-4246-9ecb-304f659ce199","display_name":"杨甦莹","id":120000002757},"content_short":"居然是三十年一遇的大行情","display_time":1542291046,"id":3438552,"image_uri":"https://wpimg.wallstcn.com/0f585ec2-76cc-4eb8-9460-f1de35df30f6.jpg","is_in_vip_privilege":false,"is_priced":false,"source_name":"摸鱼小组","source_uri":"","title":"“原油之神”败给原油","url":"https://wallstreetcn.com/articles/3438552","use_default_image":true},{"author":{"avatar":"https://dn-wscn-avatar.qbox.me/eb/01/a3/0801-1.jpg","display_name":"许超","id":100000379170},"content_short":"受欧盟汽车排放新规冲击,10月欧盟汽车销量继续下滑但跌幅小于9月。汽车业连续表现不佳也拖累德国GDP增长,三季度出现2015年一季度以来的首次萎缩。","display_time":1542289122,"id":3438490,"image_uri":"https://wpimg.wallstcn.com/f67820a4-c8f7-4b80-a999-46276fb1bca2.jpg","is_in_vip_privilege":false,"is_priced":false,"source_name":"","source_uri":"","title":"欧洲车市苦日子还没结束 10月销售继续下跌","url":"https://wallstreetcn.com/articles/3438490","use_default_image":false}],"related_themes":[],"related_topics":[],"source_name":"","source_uri":"","symbols":[],"tags":[],"themes":[],"title":"【重点推荐】通讯宋嘉吉/周明/王胜:中恒电气(002364)控股殷图增强能源互联网运营能力","unshow_content_short":false,"words_count":0}},"[\"/content/articles/hot\",{\"period\":\"all\"}]":{"ttl":1,"value":{"day_items":[{"comment_count":0,"display_time":1544665195,"display_user_id":120000002396,"id":3453105,"pageviews":52084,"title":"如果下周美国政府真的关门 意味着什么?","uri":"https://wallstreetcn.com/articles/3453105"},{"comment_count":0,"display_time":1544678429,"display_user_id":120000001482,"id":3453320,"pageviews":40053,"title":"发改委主管媒体:发改委企业债券不支持商业地产项目 市场人士有误读","uri":"https://wallstreetcn.com/articles/3453320"},{"comment_count":0,"display_time":1544673546,"display_user_id":120000003447,"id":3453279,"pageviews":37387,"title":"港股成交极寒!比破发更可怕的是零成交越来越多!","uri":"https://wallstreetcn.com/articles/3453279"},{"comment_count":0,"display_time":1544656057,"display_user_id":100000330115,"id":3453032,"pageviews":34949,"title":"美股集体上涨 美元大跌 腾讯音乐上市首日收涨近8%","uri":"https://wallstreetcn.com/articles/3453032"},{"comment_count":0,"display_time":1544690775,"display_user_id":125723,"id":3453413,"pageviews":33397,"title":"中共中央政治局召开会议 分析研究2019年经济工作","uri":"https://wallstreetcn.com/articles/3453413"},{"comment_count":0,"display_time":1544668965,"display_user_id":120000002144,"id":3453230,"pageviews":32916,"title":"苹果上海旗舰店未收到“禁售令” 高通再提“强制执行申请”","uri":"https://wallstreetcn.com/articles/3453230"},{"comment_count":0,"display_time":1544656213,"display_user_id":66068,"id":3453034,"pageviews":31899,"title":"华尔街见闻早餐FM-Radio|2018年12月13日","uri":"https://wallstreetcn.com/articles/3453034"},{"comment_count":0,"display_time":1544634209,"display_user_id":120000000347,"id":3452980,"pageviews":31721,"title":"乐观情绪刺激:美股跳涨逾1% 午盘前离岸人民币突破6.88","uri":"https://wallstreetcn.com/articles/3452980"},{"comment_count":0,"display_time":1544662521,"display_user_id":120000003181,"id":3453081,"pageviews":27239,"title":"吃货地图:中国每周从沙特进口6000吨虾","uri":"https://wallstreetcn.com/articles/3453081"},{"comment_count":0,"display_time":1544661457,"display_user_id":100000350111,"id":3453076,"pageviews":21675,"title":"高通苹果专利战蔓延至美国本土 监管机构考虑禁止进口iPhone","uri":"https://wallstreetcn.com/articles/3453076"}],"week_items":[{"comment_count":0,"display_time":1544432608,"display_user_id":120000002330,"id":3451374,"pageviews":1398217,"title":"多家企业被爆声援华为:员工买苹果手机将处罚","uri":"https://wallstreetcn.com/articles/3451374"},{"comment_count":0,"display_time":1544549645,"display_user_id":120000002009,"id":3452362,"pageviews":242536,"title":"耶伦:系统存在巨大漏洞 金融危机可能再次发生","uri":"https://wallstreetcn.com/articles/3452362"},{"comment_count":0,"display_time":1544018713,"display_user_id":120000002330,"id":3449256,"pageviews":224707,"title":"2019年十大“惊人预言”:特朗普“开除”鲍威尔、苹果收购特斯拉、澳洲楼市崩盘……","uri":"https://wallstreetcn.com/articles/3449256"},{"comment_count":0,"display_time":1544514902,"display_user_id":120000003181,"id":3452039,"pageviews":139495,"title":"“好嗨呦”的抖音:出海以后,火遍全球","uri":"https://wallstreetcn.com/articles/3452039"},{"comment_count":0,"display_time":1544529064,"display_user_id":120000003657,"id":3452182,"pageviews":128612,"title":"三胞集团634亿债务危机蔓延,网易、光大、海航、凤凰同踩雷","uri":"https://wallstreetcn.com/articles/3452182"},{"comment_count":0,"display_time":1544164461,"display_user_id":120000002396,"id":3449472,"pageviews":128525,"title":"深度 | 半世纪来最严重骚乱 法国人亲手埋葬经济转型良机","uri":"https://wallstreetcn.com/articles/3449472"},{"comment_count":0,"display_time":1544103844,"display_user_id":120000002173,"id":3449816,"pageviews":122668,"title":"又一家民企违约了!这次还是北京民营百强 ","uri":"https://wallstreetcn.com/articles/3449816"},{"comment_count":0,"display_time":1544412520,"display_user_id":100000350101,"id":3451200,"pageviews":121278,"title":"几乎所有资产都在跌!为什么2018年如此艰难?","uri":"https://wallstreetcn.com/articles/3451200"},{"comment_count":0,"display_time":1544334961,"display_user_id":120000002144,"id":3450757,"pageviews":116645,"title":"11月中国对美进口下跌25%,创2016年1月以来最大月跌幅","uri":"https://wallstreetcn.com/articles/3450757"},{"comment_count":0,"display_time":1544268137,"display_user_id":100001377409,"id":3450566,"pageviews":110748,"title":"马斯克的噩梦:特斯拉车主蜂拥购买保时捷电动车","uri":"https://wallstreetcn.com/articles/3450566"}]}},"[\"/comment/articles/239218/comments\",{\"time_desc\":true,\"first_page\":true,\"cursor\":\"\",\"limit\":10},{\"noCacheWhenLogin\":true}]":{"ttl":1,"value":{"items":[],"next_cursor":"","total_count":0,"resource_title":"【重点推荐】通讯宋嘉吉/周明/王胜:中恒电气(002364)控股殷图增强能源互联网运营能力","resource_uri":"https://wallstreetcn.com/articles/239218","resource_image_uri":"https://wpimg.wallstcn.com/c88466e0-338a-462c-b98e-88eb2ab94fa0.jpg","has_more":false}}}}