电气设备行业周报：CPIA呼吁行业防止内卷式竞争，明确0.68元/W是组件价格底线

Investment Rating - The industry investment rating is maintained as "Recommended" by Guodu Securities, indicating a positive outlook for the industry fundamentals over the next six months [2][13]. Core Viewpoints - The CPIA has called for the prevention of "involution" and unhealthy competition within the industry, emphasizing the need for self-regulation and a mechanism for the elimination of inefficient capacities to ensure sustainable development [2][5]. - The final production cost of photovoltaic components for October 2024 is estimated at 0.68 yuan/W, excluding transportation costs, and there is a call for bidding parties not to bid below this cost [3][5]. - The industry is currently facing pressure, with many companies reporting losses or nearing breakeven points in Q2, and prices continuing to decline into Q3 [4][5]. Summary by Sections Industry Performance Review - The photovoltaic index increased by 2.53% from October 14 to October 18, outperforming the CSI 300 index, which rose by 0.98%. The top five performers in the sector included Jingrui Electric Materials (+26.64%) and Jidian Co. (+22.65%) [3]. - The wind power index rose by 0.45% during the same period, lagging behind the broader market [3]. Industry Updates - A meeting was held on October 14 to discuss preventing "involution" in the industry, with consensus reached on enhancing self-discipline and market mechanisms [5]. - The CPIA has emphasized the need for reasonable bidding strategies that focus on quality and service rather than solely on price [6][7]. Policy Tracking - The CPIA has noted a significant drop in photovoltaic component prices since the second half of 2023, with instances of bids below cost becoming a common issue [6][8]. - The organization is advocating for a fair assessment of component costs to guide market and regulatory actions [6][8]. Data Tracking - The report includes various data points on domestic photovoltaic and wind power installation volumes, as well as export amounts for inverters and components, indicating trends in the industry [9][10].