Gas meter is used to measure gas usage in residential, industrial, and commercial areas. The report focuses on two kind of gas meters, which include traditional gas meter and smart gas meter. The traditional gas meters only measure gas usage, whereas smart gas meters are responsible for prevention of gas leakage along with gas measurement. Moreover, the report analyzes the current market trends of gas meter in different geographies and suggests the future growth opportunities by analyzing government regulations & policies.

This report covers the study of global battery power tools market. Comprehensive analyses of the market trends, future estimations, and thorough study of the market based on motor type, tool, application, and region are included in this report. Brushed and brushless electric power tools are included in the scope of the study.

Battery materials consist of all the materials used in producing battery packs, mainly from lithium, cobalt, and nickel. For the purpose of analysis, the battery materials market is studied on the basis of battery type, application and region. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

1）现象：历史上来看，自2000 年以来凡是上证综指涨幅小于零的区间， SW 水力发电指数的超额收益均较为明显。2）原因：水电项目建设期 长，工程投入大，稳定运营后现金流充沛、商业模式清晰、业绩稳健， 且成本中折旧占比高，因此现金流保障高分红高股息率，具备显著防御 价值。3）资源：我国“十三大”水电基地已开发和将开发的水电站中， 除了白鹤滩电站和乌东德电站之外，装机500 万千瓦以上水电站增量近 乎为零，优质大水电具有较强的稀缺性，其中金沙江、长江和雅砻江是 水电规划基地重点，对应公司为长江电力、川投能源、国投电力。

LG 新能源：2022 年Q1 收入约为263 亿元人民币，同环比+3%/-2%； 主要受芯片短缺、俄乌冲突及疫情导致的供应链紧缺、通用现代电池召 回影响所致；2022 年Q1 营业利润15.7 亿元人民币，营业利润率6%， 同环比-2.0pct/+4.3pct，Q1 电池涨价及时传导成本上涨，盈利环比改善 明显。公司2022 年收入预计达到1164 亿元人民币，同比增长8%，若 扣除2021 年一次性收入影响，预计收入增长14%。产能方面，公司预 计2022 年底产能达195GWh，其中亚洲/欧洲/北美产能分别达 114GWh/68GWh/13GWh；2025 年底产能达520GWh，其中美国Stellatis 合资45GWh，通用合资135GWh，韩国现代合资15GWh 贡献主要增量， 预计亚洲/欧洲/北美产能分别达190GWh/115GWh/215GWh，支撑后续 高增长。

新能源大基地建设加速推进，电力空间平衡的需求和挑战增大。“十四五”期间， 九大清洁能源基地与风电光伏大基地规划装机6.65 亿千瓦和2 亿千瓦，预计跨 区跨省电力流将由2019 年的2.2 亿千瓦增大到2025 年的3.6 亿千瓦，其中跨 区电力流2.4 亿千瓦。截至2021 年底，九大清洁能源基地已建成3.04 亿千瓦， 以沙漠、戈壁、荒漠地区为重点的大型风电光伏基地项目将在2022 年陆续并网 投产，西部和北部部分地区消纳压力加剧。

港股新能源行业跑赢大盘。上周香港恒生指数下跌0.52%，恒生综指下跌0.24%，恒生中国企业指数下跌0.04%。万得港股新能源概念股指数上涨0.87%，跑赢大盘。万得新能源概念指数上周表现在恒生各行业指数中可排第五位。从PE(TTM)对比情况来看，万得港股新能源概念股指数估值较高，可排第三位，仅低于恒生医疗保健业指数、恒生非必须消费业指数。