电力设备与新能源行业周报：光伏出口退税率下调，海外产能优势有望带动格局变化

Investment Rating - The report maintains a "Buy" rating for key companies such as Ningde Times, Dongfang Cable, and Longi Green Energy, while recommending "Hold" for XJ Electric and "Increase" for Teradyne [1][1][1]. Core Insights - The reduction of export tax rates for photovoltaic products from 13% to 9% is expected to drive down costs and enhance the competitiveness of leading companies with established overseas production capacities [12][17]. - The report highlights the potential for structural opportunities in the solar industry due to new technology advancements and a high premium market for battery production [12][19]. - The wind power sector is experiencing a significant uptick in demand, with both offshore and onshore projects ramping up, indicating a positive outlook for the industry [23][25]. - The report emphasizes the importance of solid-state batteries as a core technology for the future, with ongoing investments from leading automotive and battery companies [20][21]. Summary by Sections Industry Weekly Viewpoint - The report suggests focusing on the photovoltaic supply chain, particularly on undervalued main chain companies and leading inverter manufacturers, while maintaining an overweight position in the sector [12][19]. Market Review - The Shanghai Composite Index fell by 3.52% during the reporting period, with the electric equipment sector experiencing a decline of 2.66% [31][34]. Industry Tracking - Lithium battery material prices showed mixed trends, with slight increases in some categories, indicating ongoing fluctuations in the supply chain [37][38].