电力设备行业周报：头部组件厂相继发布高效组件产品，新能源车企公布10月交付量

Investment Rating - The report maintains an "Increase" rating for the industry [4]. Core Insights - Leading component manufacturers are launching high-efficiency products, emphasizing product efficiency differentiation and technology patent protection as key factors in the photovoltaic industry's landscape [10][11]. - The demand for submarine cables is accelerating, with significant project bids and orders in offshore wind power, indicating a positive outlook for the sector [12][13]. - The hydrogen energy sector is expanding, with national initiatives integrating hydrogen logistics vehicles into the pharmaceutical supply chain in the Beijing-Tianjin-Hebei region [19]. - The energy storage market shows promising growth, with competitive bidding prices indicating a healthy market environment [20][21]. - The new energy vehicle sector is witnessing record-high delivery volumes from major manufacturers, reflecting strong market demand [22][23]. Summary by Sections 1. Photovoltaics - Major manufacturers like Tongwei and JinkoSolar have released high-efficiency products, with Tongwei's THC 210 heterojunction module achieving a conversion efficiency of 24.99% [10]. - The report highlights the importance of proprietary technology and higher product efficiency to avoid homogenization in competition [11]. - Recommended companies include GCL-Poly, Tongwei, and LONGi Green Energy, focusing on high-efficiency products and technological advancements [11]. 2. Wind Power & Grid - Significant contracts have been awarded for submarine cables, with Oriental Cable winning contracts worth 25.4 billion yuan recently [12]. - Shanghai is initiating a large-scale offshore wind power demonstration project, which is expected to accelerate the development of deep-sea wind energy [13]. - The report recommends companies such as Oriental Cable and Goldwind Technology in the wind power sector [16]. 3. Hydrogen Energy - National initiatives are integrating hydrogen logistics vehicles into the pharmaceutical supply chain, showcasing the growth potential in hydrogen energy applications [19]. - Recommended companies in the hydrogen sector include LONGi Green Energy and Sunshine Power [19]. 4. Energy Storage - The average bidding price for energy storage systems in October ranged from 0.473 to 2.85 yuan/Wh, indicating a competitive market [20]. - Companies recommended for investment in the energy storage sector include Sunshine Power and Sungen International [21]. 5. New Energy Vehicles - Major manufacturers reported record-high delivery volumes in October, with BYD achieving 503,000 units, a 20% increase month-on-month [23]. - The report suggests focusing on leading battery manufacturers like CATL and companies with strong cost advantages in the supply chain [25].