风电行业周报：海风催化密集，重视板块布局机会

Investment Rating - The report maintains an "Overweight" rating for the wind power sector [1]. Core Insights - The offshore wind sector is experiencing significant growth, with a focus on project layout opportunities. Notable projects include CGN's 1.4GW offshore wind project and the approval of the Shantou offshore wind project [1]. - The report highlights the need to pay attention to companies benefiting from the offshore wind demand surge, such as Dongfang Cable and Haili Wind Power, as well as those with strong overseas market capabilities like Daikin Heavy Industries [1]. Summary by Sections 1. Wind Power Sector Market Review - The electricity equipment sector saw a decline of 6.07% this week, ranking 20th among 31 sectors. Wind power equipment had the smallest decline at -4.63%, while photovoltaic equipment saw the largest drop at -7.32% [7]. - Wind power installed capacity in China reached approximately 470 million kW by the end of August 2024, marking a year-on-year growth of 19.9% [15]. 2. Wind Power Industry Chain Tracking 2.1 Installed Capacity Data - As of August 2024, China's total installed power generation capacity was about 3.13 billion kW, with a year-on-year increase of 14.0% [15]. - The newly added wind power capacity from January to August 2024 was 33.61GW, a 16.2% increase compared to the same period in 2023 [15]. 2.2 Wind Turbine Bidding Data - From September 29 to October 12, 2024, a total of 2047.2MW of wind turbines were bid, including 11 onshore and 6 offshore projects. CGN initiated a 1.4GW offshore turbine bidding [18] [21]. - The bidding results for onshore projects showed a highest bid price of 2090 yuan/kW and a lowest of 1455 yuan/kW, with an average bid price of 1819 yuan/kW [21]. 2.3 Upstream Raw Material Price Tracking - The average price of medium-thick plates was 3866.60 yuan/ton, up 1.54% week-on-week. Prices for ductile iron, cast iron, and scrap steel also saw increases [26]. 3. Investment Recommendations - The report suggests focusing on companies that will benefit from the surge in offshore wind demand, such as Dongfang Cable and Haili Wind Power. It also highlights companies with strong overseas market capabilities like Daikin Heavy Industries and those with stabilizing profitability such as Goldwind Technology and Mingyang Smart Energy [30].