Track report on power equipment industry: Samsung Medical highlights

State Grid publicly announced the winning candidate for charging equipment. State Grid Publicity - The third material bidding procurement for the power project in 2016, the charging equipment won the bid. The bidding totaled 20 packs, and the total power was 360695.8KW, of which 343459KW was DC pile and 17236.8KW was AC pile. We estimate that the overall tender amount will be approximately RMB 500 million. l 60KW is the mainstream bidding model. From the perspective of unit power, the bidding 60KW is the mainstream bidding model. The model won the bid of 3672 sets, with a total power of 220320KW, accounting for 61.08%. In addition, 204KW bidding 224 sets, with a total power of 45696KW, accounting for 12.67%.

It is expected that the winning bid price center will be about 1.45 yuan / W. Based on industry judgment, it is expected that the price range of this DC charging equipment will be about 1.3-1.55 yuan/W, and the total amount (including AC charging equipment) will be about 500 million yuan. We expect the DC charging equipment price center to be at 1.45 yuan / W. We estimate the amount of the winning bid of the relevant company, as shown in Table 3.

The winning bidder tilted to the national network. There are a total of 18 successful bidders, and the winning bidders are mostly state-owned enterprises: Xu Ji Electric, Guodian Nanrui, Huashang Sanyou, Shandong Luneng, Pratt High Voltage, Shandong Electrician Electric, Fuzhou Tianyu, Qingdao Luneng Hengyuan, Tianjin Pinggao, Zhongdian Equipment and Pinggao Group have a total of 11 companies. It is estimated that the total amount of the winning bids of the State Grid enterprises will be about 370 million yuan.

Samsung Medical highlights the encirclement. The companies that won the bid include: Guodian Nanrui, Xuji Electric, Samsung Medical, Zhuhai Titan, Pinggao and so on. Among them, Samsung Medical and Pinggao are the new winning bidders. Samsung Medical announced that its wholly-owned subsidiary, Ningbo Samsung Intelligent Electric, is expected to win a bid of 15.95 million yuan. The company is a leading domestic smart meter manufacturer and maintains a very good relationship with the State Grid. Since 2009, it has ranked first in the national grid's cumulative meter. The company began to develop charging piles in 2009. The winning bid represents a substantial step in the market expansion. In the future, the company will actively promote the simultaneous development of charging equipment and operations. At the same time, the company actively explores the second main business of medical care, with Mingzhou Hospital as the core, adheres to the “three medical linkage” health strategy of hospitals, network hospitals and medical insurance, and intends to enter commercial health insurance and open up barriers between medical care and medical insurance. Achieve integrated operations.

The charging equipment has exploded for many years, and the core standard of charging equipment is continuously recommended. In terms of the overall industry, in 2016, charging equipment entered the year of investment outbreak, the Energy Bureau planned to invest 30 billion yuan in the whole society, and the State Grid planned to invest 5 billion yuan. From the bidding amount of the first two batches of charging equipment of the State Grid, only about 1.4 billion In the second half of the year, there is the possibility of increasing the number of tenders for the national grid charging equipment. Actively pay attention to the new enterprise Samsung Medical, and continue to pay attention to the core standards: Heshun Electric, Wanma, Zhongheng Electric, Kstar and so on.

Uncertainties. Market competition risk.

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