电力设备与新能源行业周报：广州首条市区低空航线启航，关注电力设备出海

Investment Rating - The industry investment rating is maintained at "Overweight" [1] Core Viewpoints - The report maintains a positive outlook on the growth certainty and sustainability of the power equipment sector under the backdrop of new power system construction, suggesting to focus on investment opportunities in this sector [2] - The global energy transition is leading to a replacement cycle in power infrastructure in Europe and the US, coupled with increased electricity demand driven by AI, making overseas market demand for power equipment noteworthy [2] - Domestic power equipment companies are expected to increase their global market share, with specific recommendations for companies involved in overseas expansion [2] Summary by Sections Market Review - The power equipment industry experienced a decline of 0.83% over the past week, outperforming the broader market, ranking 7th among all primary industries [1] - Sub-sectors showed varied performance: grid equipment rose by 0.44%, photovoltaic equipment by 0.03%, while wind power equipment fell by 0.48%, motors by 1.48%, and batteries by 2.17% [1] Recommendations for Companies - Recommended companies for overseas expansion include Haixing Electric, Igor, and others such as Weisheng Information, Samsung Medical, Jinpan Technology, Huaming Equipment, Shenneng Electric, Mingyang Electric, and Huatong Cable [2] - For UHV (Ultra High Voltage) equipment, recommended companies include XJ Electric, Pinggao Electric, China XD Electric, and Pirelli [2] - In the area of grid digitalization, recommended companies are Dongfang Electronics, State Grid Information Communication, and Zeyu Intelligent [2] - For virtual power plants and microgrids, recommended companies include Anke Rui, Suwen Electric, and Guoneng Rixin [2] - In thermal power and flexibility transformation, recommended companies are Dongfang Electric and Qingda Environmental Protection [2] Additional Insights - The report highlights the launch of Guangzhou's first urban low-altitude flight route, indicating the potential growth of the low-altitude economy supported by local policies [3] - The report notes a significant increase in public charging stations for electric vehicles, with 54,000 new installations in August 2024, reflecting a 43.6% year-on-year growth [4] - The photovoltaic sector is expected to benefit from new technology developments and a surge in centralized installations, with recommendations for companies like GCL-Poly and High Measurement [5]