电力设备行业研究周报：顶层政策设计部署，绿色转型加速

Investment Rating - The report maintains an "Overweight" rating for the electric power equipment industry [4]. Core Insights - The report highlights the acceleration of green transformation driven by top-level policy design, particularly through the "Action Plan for Accelerating the Construction of a New Power System (2024-2027)" issued by the National Development and Reform Commission, National Energy Administration, and National Data Bureau [2][7]. - The plan focuses on three main areas: implementing overall requirements for the new power system, addressing key issues in the current development stage, and adopting pilot approaches to tackle significant challenges [8]. - The report emphasizes the importance of renewable energy generation transitioning to become the mainstay of installed capacity and electricity generation, with wind and solar power requiring coordinated operation with energy storage systems to ensure stable power system operation [10]. Summary by Sections 1. Policy Design and Green Transformation - The "Action Plan" outlines nine key actions for 2024-2027, including stability assurance for the power system, high-proportion renewable energy delivery, quality development of distribution networks, and expansion of electric vehicle charging infrastructure [8]. - The "Opinions on Accelerating Comprehensive Green Transformation of Economic and Social Development" sets ambitious goals for non-fossil energy development, aiming for a 25% share of non-fossil energy consumption by 2030 [9]. 2. Market Performance - The electric power equipment industry experienced a weekly decline of 1.50%, ranking 19th among 31 primary industries [11]. - The industry outperformed the CSI 300 index, which saw a decline of 1.56% during the same period [11]. 3. Investment Recommendations - The report suggests focusing on companies likely to benefit from the construction of the new power system, such as Southern Power Grid Technology and Deyang Co., Ltd. [10].