High-voltage power grid has become a highlight of high-end equipment manufacturing in the "13th Five-Year Plan"

During the "Thirteenth Five-Year Plan" period, the key to the new industrial engine is high-end equipment, which is highlighted in the progress of technical equipment in oil and gas exploitation, ultra-high voltage power grid and other industries or fields, which may become a breakthrough in the development of high-end equipment
.

At present, the world is entering a new round of industrial revolution, and China's 13th Five-Year Plan is about to be introduced
.
In the face of such a critical strategic opportunity, where should China focus on greater development?

At present, oil and gas exploitation technology and equipment is a key focus of high-end equipment manufacturing, especially in the field of
shale gas exploration.

As a clean energy source, shale gas is considered by the industry to be the most important energy supply innovation
in the past 20 years.
In recent years, China's shale gas proven reserves have grown rapidly, and have now exceeded 500 billion cubic meters, forming four major shale gas production areas in Fuling, Changning, Weiyuan and Yanchang, with an annual production capacity of more than 6 billion cubic meters
.

At the same time, the formulation of China's oil and gas reform plan has come to an end, which will support the structural renewal
of the domestic oil and gas exploration industry.
According to the "Energy Development Strategy Action Plan (2014~2020)", it is expected that the oil and gas industry is expected to basically achieve marketization during the "13th Five-Year Plan" period, and the pricing power will be delegated to enterprises, and the price level will be determined
by the market.

In this regard, market participants said that the oil reform is a reform involving the entire industrial chain, and the field of conventional oil and gas exploitation is expected to be liberalized, and more social capital will have the opportunity to compete for upstream exploration and development business
.

From the perspective of the capital market, the 13th Five-Year Plan will become the basis for medium- and long-term investment decisions, and the impact will last for a long time and bring opportunities
for related theme concept stocks.

GF Securities Research Report pointed out that increasing the development and use of unconventional oil and gas is the general trend, and the independence of oil and gas pipeline networks will also help to achieve non-discriminatory access and use of third parties, and promote the diversification of development subjects, providing greater imagination space for private enterprises with exploitation strength
.

Take Jereh as an example, Jereh is an oilfield special equipment manufacturing and oilfield service provider
.
With the integration of the middle and upstream oilfield service industry chain and the innovation of equipment manufacturing, the company has become the leading private enterprise
in this field.

In recent years, on the one hand, Jereh has consolidated its core technology in oil and gas engineering construction and engineering technology exploitation, and on the other hand, expanded the company's technology industry chain layout of oil and gas exploitation from the aspect of extension through capital mergers and
acquisitions.

For example, at the end of last year, Jereh decided to jointly invest 60 million yuan with Shanghai Fengyang Marine Engineering Co.
, Ltd.
to establish Shanghai Haobo Marine Engineering Co.
, Ltd.
to carry out offshore oil and gas equipment manufacturing business
.
In March this year, the company launched a strategic cooperation
with Plexus, an excellent company in the field of global underwater equipment research and development.
Later, the company subscribed for a 5% stake
in Plexus.
In this way, Jereh will extend and upgrade
to deep-sea oil production technology and equipment manufacturing.

It is worth noting that some listed companies in the A-share market that carry out oil and gas exploration-related business have been popular with investors in recent times
.
For example, on September 30, the company plans to raise an additional 250 million yuan to invest in the Bohai 05/31 contract block oil and gas exploration and development project
.
After the plan was announced, the stock price of Potential Hengxin ushered in a wave of hype
.
Since September 30, Potential Hengxin has ushered in 13 price limit boards, and the stock price has risen by 245.
21%.

In addition to oil and gas exploitation, high-voltage power grids are also expected to become a bright spot in the field of high-end equipment manufacturing in the 13th Five-Year Plan, especially in ultra-high
voltage power grids.

As the name implies, UHV power grid refers to 330kV, 500kV and 750kV power grids, and its biggest feature is that it can transmit power
over long distances, large capacity and low loss.
At present, only a few countries such as Russia and Japan have carried out the experimental operation
of UHV AC transmission technology.
Fortunately, China's UHV technology has made breakthroughs under the vigorous promotion of the State Grid, and now has nine smoothly put into operation AC and DC lines
such as Jindongnan-Nanyang-Jingmen.

China's UHV construction has entered a golden period
.
At present, 7 UHV lines are under construction, which is close to the total amount of
construction in the past many years.
As a number of local governments clearly promoted the development of UHV and the new energy industry in the western region during the two sessions in 2015, it is expected that UHV projects will continue to be approved
in the future.

High-speed rail exports are another focus
in high-end equipment manufacturing.
Recently, following the China-Russia high-speed railway and the pan-Asian high-speed railway, China's "high-speed rail going global" has achieved another breakthrough and has become the only bidder
for the Jakarta-Bandung high-speed rail project in Indonesia.
Guotai Junan Research Report pointed out that 28 countries around the world have negotiated with China to introduce high-speed rail technology or cooperate in development
.
With the expected overseas expansion of the "Belt and Road" high-speed rail, it is expected that the railway equipment sector will benefit
significantly.