上周电力板块下跌3.94%，沪深300 指数下跌0.94%，电力板块跑输大盘3.00 个百分点。2022 年初至今电力板块下跌11.67%，沪深300 指数同期下跌13.65%，电力板块年初至今累计跑赢大盘1.98 个百分点。分子板块看，上周火电、水电和燃气板块涨跌幅分别为-4.69%、-3.79%和-6.01%.

投资要点及重点公司盈利预测 ............................................................................................................................... 3

重点公司盈利预测 ........................................................................................................................................... 4

电力及公用事业周度行情回顾 ............................................................................................................................... 5

上周电力板块跑输大盘，估值仍保持较低水平............................................................................................ 5

个股表现 ........................................................................................................................................................... 7

周度高频数据汇总 ................................................................................................................................................... 8

秦皇岛煤价环比持平，同比上涨47.45%....................................................................................................... 8

秦港库存上周环比增加2.19%，同比减少8.87% .......................................................................................... 9

月度基本面数据汇总 ............................................................................................................................................. 10

2022 年1~2 月全社会用电量同比上升5.8% ............................................................................................... 10

2022 年1~2 月发电量上升4% ...................................................................................................................... 11

国内煤炭产量同比增长10.3%，进口量同比下降14% ............................................................................... 13

2022 年1~2 月天然气产量同比增长6.7%，进口同比下降3.8% ............................................................... 14

重点新闻及公告汇总 ............................................................................................................................................. 15

重点新闻 ......................................................................................................................................................... 15

重点公告 ......................................................................................................................................................... 16

风险分析 ................................................................................................................................................................. 17