中信证券：建议关注比较优势下风电零部件环节的投资机会

Core Viewpoint - The report from CITIC Securities highlights that certain segments of the domestic manufacturing industry, particularly in wind power components, possess significant comparative advantages in the global market [1] Comparative Advantages - The comparative advantages are attributed to factors such as the abundance of raw materials, the level of electricity prices, the technological and craftsmanship standards of products, factory management capabilities, and the availability of skilled labor [1] - Non-standard products and lower automation levels make it challenging for these components to be relocated overseas [1] Market Implications - Supported by these comparative advantages, wind power components not only demonstrate price competitiveness but also exhibit strong product quality [1] - As a result, the proportion of overseas equipment manufacturers sourcing domestic components is expected to increase, which may lead to a rise in the shipment volume and profitability of wind power components [1] - The report suggests focusing on investment opportunities within the wind power component sector due to these comparative advantages [1]