电力设备行业动态点评：中共中央、国务院印发《加快经济社会发展全面绿色转型的意见》，系统部署绿色转型方向

Investment Rating - The report rates the electric power equipment industry as "outperforming the market" [2][7]. Core Insights - The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Accelerating the Comprehensive Green Transition of Economic and Social Development," marking a systematic deployment of green transition at the national level [3]. - The report highlights that China will vigorously develop non-fossil energy, promote the green and low-carbon transformation of traditional industries, and accelerate the construction of a new power system, aiming to lead the global green transition process [3]. - The demand for photovoltaic (PV) installations in China is expected to remain strong, supported by the country's leading manufacturing capabilities in solar and wind energy [3]. - The report notes that the price of silicon materials has stabilized and is showing signs of recovery, with a clear trend of increasing demand for PV installations and a contraction in supply, which may lead to a recovery in industry chain prices [2][3]. Summary by Sections Policy and Market Dynamics - The "Opinions" set forth 33 specific goals, including the enhancement of non-fossil energy consumption to around 25% by 2030, up from approximately 17.9% in 2023, indicating a growth potential of over 7 percentage points from 2023 to 2030 [3]. - The report emphasizes that the execution of energy consumption indicators in the PV supply chain is expected to strengthen, optimizing the main industry chain supply [3]. Industry Supply and Demand - The report indicates that the core reason for the continuous decline in prices within the PV main industry chain is the abundance of existing production capacity [3]. - The production of silicon materials is projected to be around 138,000 tons in July 2024, with expectations of stable production in August, suggesting a potential optimization of supply and demand in the upstream PV industry chain [3]. Investment Recommendations - The report suggests that the fundamentals of the PV market have reached a bottom, with upward signals in silicon prices and a release of global PV installation demand, indicating a potential reversal in supply-demand relationships [3]. - Recommended companies include Tongwei Co., JinkoSolar, First Solar, Flat Glass Group, LONGi Green Energy, JA Solar, and Trina Solar, with additional companies to watch such as Junda Co., Daqo New Energy, GCL-Poly Energy, and Canadian Solar [3].