南網能源(003035.SZ):分佈式光伏及建築節能為重點開展的主營業務 近年來一直保持平穩快速增長
格隆匯7月14日丨南網能源(003035.SZ)近期在接待機構投資者調研時表示,分佈式光伏及建築節能作為公司重點開展的主營業務,近年來一直保持平穩快速增長。我們認為在國家“雙碳”政策的大背景下,分佈式光伏和建築節能業務的市場空間是巨大的,只要是符合公司項目篩選標準及收益率要求的優質項目,我們都會全力去拓展。
公司憑藉豐富的項目經驗、完整的項目建設及管理體系、良好的品牌形象等優勢始終處於分佈式光伏行業的領先地位,近年來公司分佈式光伏業務持續快速增長。截至2023年5月底,公司在運營的分佈式光伏項目近300個,裝機容量約1.49GW,在建項目裝機容量500多MW。我們認為目前在建的項目大部分能在2023年投產,另外公司在每季度初都會發布上一季度擬投資節能服務項目新增電力相關設備裝機容量的公吿,投資者可適當參考該公吿中披露的已通過決策審批擬開展的分佈式光伏項目裝機容量並結合分佈式光伏建設週期等相關因素對公司2023年分佈式光伏項目投產情況進行綜合判斷。
另外公司建築節能業務一直穩定增長,2018至2022年累計建築節能服務面積由393.31萬平方米增加至815.84萬平方米,平均增長率約20%。未來公司將發揮典型項目的示範引領作用,在醫院、學校、通信和軌道交通等領域的深入拓展建築節能項目,我們預計該業務增長水平將保持不低於過往的增速。
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