太阳能行业周报：光伏出口退税率由13%下调至9%，部分型号硅片价格略有上行

Investment Rating - The report maintains a "Buy" rating for several companies in the solar industry, including 福莱特 (601865.SH), 隆基绿能 (601012.SH), 爱旭股份 (600732.SH), 阿特斯 (688472.SH), 阳光电源 (300274.SZ), and 德业股份 (605117.SH) [2] Core Insights - The solar power generation in October 2024 reached 323 billion kWh, marking a year-on-year growth of 12.6%, with the production of solar cells at 66.45 GW, up 13.2% year-on-year [1] - The Ministry of Industry and Information Technology plans to establish 200 key industrial product carbon footprint accounting standards by 2027 to promote green and low-carbon transformation in the industry [2] - The average price of multi-crystalline silicon remains stable at 40.0 CNY/kg, while the average price of mono-crystalline silicon wafers has seen slight increases due to supply constraints [3][8] - The export tax rebate for certain solar products has been reduced from 13% to 9%, effective December 1, 2024, which may impact pricing strategies [3] Summary by Sections Market Performance - In October 2024, the solar power generation increased by 12.6% year-on-year, while the production of solar cells for the first ten months of the year grew by 15.5% [1] Price Trends - Multi-crystalline silicon prices are stable, while mono-crystalline silicon wafer prices have shown slight increases due to supply constraints [3][8] - The average price for M10 solar cells is 0.275 CNY/W, with expectations for price increases in certain models due to low inventory levels [8] Policy Developments - The Ministry of Industry and Information Technology is working on carbon footprint accounting standards to support the industry's transition to a low-carbon economy [2] - The National Energy Administration has issued guidelines to ensure fair treatment of various electricity sales entities, promoting a competitive market environment [4] Investment Recommendations - The report recommends focusing on companies involved in the solar glass segment, new technology directions, and energy storage leaders, highlighting 福莱特, 隆基绿能, 爱旭股份, 阿特斯, 阳光电源, and 德业股份 as key players [10]