新能源电力行业周报：硅片价格出现上调迹象，整机厂商业绩修复有望延续

Investment Rating - The report does not explicitly state an overall investment rating for the industry, but it highlights specific companies to watch, indicating a positive outlook for certain sectors within the industry [8][19]. Core Insights - The photovoltaic equipment sector has shown a significant increase, with a weekly rise of 7.08%, outperforming the CSI 300 index by 7.25 percentage points. The wind power equipment sector also increased by 6.69%, surpassing the CSI 300 index by 6.86 percentage points [6][21]. - The report indicates a stable price for silicon materials, while silicon wafer prices are expected to stabilize after recent increases. However, battery and component prices are under pressure, with expectations of price declines [7][15]. - The wind power sector is experiencing a recovery in the performance of turbine manufacturers, while component manufacturers are facing challenges. The average bidding price for onshore wind turbines has stabilized, suggesting a potential for profit recovery in turbine manufacturing [9][17]. Summary by Sections Photovoltaic Sector - Silicon material prices remain stable, with an expected production of approximately 130,000 tons in August and a slight increase to 135,000 tons in September. The demand for high-quality silicon from leading manufacturers is driving this stability [7][15]. - Silicon wafer prices are expected to stabilize after a recent price increase by Longi Green Energy, which has led to increased shipments. However, production is anticipated to decrease to 45-46 GW in September, a 14% decline from August [15][16]. - Battery prices are under pressure, with manufacturers indicating a reluctance from downstream customers to accept price increases despite rising costs. Some specialized battery manufacturers may reduce production in September [15][16]. - Component prices are declining due to aggressive pricing strategies from manufacturers, with global production estimates falling between 50-51 GW, making price recovery challenging [15][16]. Wind Power Sector - The report notes that the bidding for onshore wind turbines has reached approximately 4,891.6 MW, with an average bid price of 1,868.2 RMB/kW, indicating a stabilization in pricing [9][17]. - The overall performance of turbine manufacturers is recovering, while component manufacturers are facing pressure. The report suggests that the demand for wind power remains strong, with expectations for continued growth in the second half of the year [10][18]. - Data from the National Energy Administration indicates that the new installed capacity for wind power in the first seven months of 2024 reached 29.91 GW, a year-on-year increase of 13.68%. The total new installed capacity for 2024 is projected to reach 86.29 GW [10][18]. Companies to Watch - DiKe Co., Ltd. is highlighted as a leader in TOPCon materials, with a market share exceeding 50% and a significant portion of its shipments being TOPCon products [8][16]. - Daikin Heavy Industries is noted for its strong performance in offshore wind equipment, with a significant increase in gross margin and cash flow, benefiting from the rapid development of offshore wind projects [10][19]. - Dongfang Cable is recognized for its leading position in high-end submarine cable technology, with a positive outlook for growth due to its involvement in multiple offshore wind projects [10][19].