电力设备行业周报：光伏出口退税率得到下调，广东福建海风持续推进

Investment Rating - The report maintains an "Overweight" rating for the industry [1] Core Insights - The reduction of the photovoltaic export tax rebate from 13% to 9% is expected to alleviate vicious competition in overseas markets, benefiting companies with brand recognition, technical advantages, and intellectual property protection [20][21] - The bidding for 3GW HJT components by China Power Construction indicates continued demand for HJT technology, which remains a mainstream technology path for ground-mounted solar installations in China [21] - The offshore wind power sector is seeing significant project developments, with Fujian province initiating 2.4GW of offshore wind projects, contributing to a cumulative competitive allocation of 4.4GW [23][24] Summary by Sections 1. Market Review - The electric power equipment sector experienced a decline of 3.3% from November 11 to November 15, 2024, with a year-to-date increase of 10.9% [14] - Sub-sectors such as photovoltaic equipment and wind power equipment saw declines of 3.70% and 6.53%, respectively, while battery equipment increased by 1.27% [17] 2. Core Views of the Week 2.1 New Energy Generation 2.1.1 Photovoltaics - The adjustment of export tax rates is expected to improve the competitive landscape for domestic photovoltaic companies in international markets [20] - The bidding for 3GW HJT components indicates a strong market for advanced photovoltaic technologies [21] - Recommended companies include GCL-Poly Energy, Tongwei Co., and LONGi Green Energy, focusing on silicon materials and glass [21] 2.1.2 Wind Power & Grid - The Three Gorges Group is moving forward with the Yangjiang Qingzhou Seven offshore wind project, with a planned capacity of 1000MW [22] - Fujian province's announcement of 2.4GW of offshore wind projects highlights the growing demand in the sector [23] - Key companies to watch include Goldwind Technology and Mingyang Smart Energy in the wind turbine segment [27] 2.1.3 Hydrogen & Energy Storage - Shanghai Reformed Energy has successfully passed the listing hearing on the Hong Kong Stock Exchange, indicating growth in the hydrogen sector [28] - The average bidding price for energy storage systems in November is reported to be between 0.495 and 0.87 RMB/Wh [34] - Recommended companies in the energy storage sector include Sungrow Power Supply and Kehua Data [37] 2.2 New Energy Vehicles - Xinjie Energy showcased advancements in solid-state battery technology, achieving an energy density of 480Wh/kg [38] - The company plans to scale production with a 5GWh production line starting in 2024 [38] - Recommended companies include CATL and Keda Technology, focusing on lithium battery production [39] 3. Price Dynamics in the Photovoltaic Industry Chain - The report provides detailed pricing data for various components in the photovoltaic supply chain, indicating market trends and fluctuations [42] 4. Important News of the Week - The report highlights significant developments in the new energy vehicle sector, including a 34.3% year-on-year increase in public charging stations [46] - The first energy law in China has been enacted, promoting the development of wind and solar energy [52]