电力设备与新能源行业周报：电力设备与新能源行业7月第2周周报

Investment Rating - The report maintains an "Outperform" rating for the power equipment and new energy sector [1]. Core Insights - The photovoltaic industry is expected to accelerate capacity clearance due to new regulations from the Ministry of Industry and Information Technology, suggesting a focus on segments with better industry structure and cost advantages [1]. - The wind power sector is anticipated to see steady progress in domestic offshore wind project bidding and construction in the second half of the year, with recommendations to prioritize investments in related infrastructure [1]. - The new energy vehicle market continues to show strong sales growth, solidifying the demand across the supply chain [1]. - The solid-state battery technology is advancing towards commercialization, benefiting companies involved in materials and equipment in this field [1]. - The domestic power system reform is being pushed forward, which is expected to enhance demand for related grid equipment [1]. - Hydrogen energy policies are being promoted, with regional support in various provinces, indicating potential growth in applications across multiple sectors [1]. Summary by Sections New Energy Vehicles - In June, the production and sales of new energy vehicles reached 1,003,000 and 1,049,000 units, respectively, marking year-on-year growth of 28.1% and 30.1% [1]. - The market share of new energy vehicles has reached 41.1% [1]. Photovoltaic and Wind Power - The Ministry of Industry and Information Technology has issued new guidelines for the photovoltaic manufacturing industry, which includes a minimum capital requirement of 30% for production expansion [1]. - The report highlights the importance of focusing on segments that benefit from offshore wind and new technologies [1]. Power Equipment - The National Energy Administration's notice on renewable energy consumption is expected to accelerate the construction of ultra-high voltage and main grid projects, maintaining high demand for related equipment [1]. - The report suggests monitoring companies that benefit from high demand in ultra-high voltage and distribution network segments [1]. Hydrogen Energy - Regional policies in Shandong, Sichuan, Inner Mongolia, and Guangdong are supporting the development of the hydrogen energy industry, with a focus on renewable energy hydrogen production [1]. - The report recommends attention to electrolyzer manufacturers and companies involved in hydrogen infrastructure [1]. Market Performance - The power equipment and new energy sectors saw a weekly increase of 1.60%, outperforming the broader market [7]. - The new energy vehicle index rose by 3.93%, while the photovoltaic sector increased by 2.29% [9].