10月风电数据跟踪报告：10月海/陆风机招标同比高增，中标价格均环比回升

Investment Rating - The industry is rated as "Recommended" with expectations of exceeding the benchmark index by more than 5% in the next 3-6 months [40]. Core Insights - Wind power bidding from January to October reached 98GW, a year-on-year increase of 83% [12][17]. - In October, the bidding volume for land and sea wind power was 0.3GW and 13.3GW respectively, with year-on-year increases of 46.7% and 454.6% [12][17]. - The weighted average winning bid prices for sea and land wind turbines in October were 3356 yuan/kW and 1327 yuan/kW, reflecting increases of 22% and 8% respectively [25][27]. - The report highlights three main investment themes: domestic sea wind power installation, overseas market expansion for the wind power supply chain, and a slowdown in price competition among main engine manufacturers [27]. Summary by Sections Bidding Volume - Total wind power bidding from January to October was 98GW, up 83% year-on-year [12]. - In October, the total bidding volume was 13.6GW, with a month-on-month increase of 29.8% [12][17]. - The leading developer in bidding was Huadian, with a total of 16.9GW, accounting for 17.3% of the total [12][14]. Winning Volume - The total winning volume for wind power from January to October was 98GW, a year-on-year increase of 73% [17]. - In October, the winning volume was 13.2GW, with a month-on-month increase of 6.9% [17]. - The winning volume for land wind power in October was 13GW, reflecting a year-on-year increase of 342.4% [17]. Winning Prices - The average winning prices for sea and land wind turbines in October were 3356 yuan/kW and 1327 yuan/kW, with increases of 22% and 8% respectively [25][27]. - The average winning price for land wind turbines from January to October 2024 exceeded 1400 yuan/kW [25]. Investment Recommendations - The report suggests focusing on three main lines of investment: domestic sea wind power installations, overseas market opportunities for the wind power supply chain, and a potential reversal in profitability due to reduced price competition [27]. - Recommended companies include Dongfang Cable, Mingyang Smart Energy, Zhongtian Technology, and others [27].