电力设备行业点评：六部委联合印发《关于大力实施可再生能源替代行动的指导意见》

Investment Rating - The industry investment rating is "Maintain Increase" for the electric equipment sector [5]. Core Viewpoints - The report highlights the issuance of the "Guiding Opinions on Promoting Renewable Energy Substitution Actions" by six ministries, aiming to foster a green, low-carbon economic system. It sets targets for renewable energy consumption to reach over 1.1 billion tons of standard coal by 2025 and 1.5 billion tons by 2030, supporting the carbon peak goal [2][3]. - Key actions include accelerating the construction of large wind and solar power bases in desert areas, promoting cross-industry integration of renewable energy, and upgrading the main grid and distribution networks to enhance flexibility and capacity for distributed renewable energy [3]. Summary by Sections Policy and Market Outlook - The report emphasizes the positive impact of policy-driven growth in domestic photovoltaic demand, suggesting that actions like large base construction and rooftop solar installations will stimulate both centralized and distributed photovoltaic installations [3]. Investment Recommendations - The report recommends focusing on companies such as GCL-Poly Energy, JinkoSolar, LONGi Green Energy, and Canadian Solar, which are expected to benefit from the guaranteed domestic photovoltaic demand [4]. - It also suggests attention to companies in the transformer, electric meter, and ultra-high voltage sectors, including Jinpan Technology, Igor, Haixing Electric Power, and others, which are poised to gain from increased grid investment [4].