电力设备与新能源行业周报：光伏行业规范推动格局优化，产业链价格有望持续修复

Investment Rating - The report maintains a positive investment rating for the photovoltaic industry, highlighting structural opportunities driven by new technology and profit improvement in the main industry chain [2][12]. Core Insights - The photovoltaic industry is undergoing optimization due to the release of the "Photovoltaic Manufacturing Industry Norms (2024 Edition)" by the Ministry of Industry and Information Technology, which imposes stricter energy and water consumption standards for new and expanded production capacities [12][20]. - The report emphasizes the potential for price recovery across the photovoltaic supply chain, driven by self-discipline in production limits and a decrease in export tax rates [20][23]. - The report also highlights the growing importance of solid-state lithium batteries and the advancements in battery materials, which are expected to enhance energy density and overall battery performance [24][25]. - The wind power sector is experiencing a significant uptick in project approvals and construction, particularly in offshore wind projects, which are expected to see substantial growth in installed capacity [27][29]. - The report notes a steady increase in investment in the power grid sector, with a 17.1% year-on-year growth in completed investments in October 2024, indicating robust demand for grid infrastructure [32][33]. Summary by Sections Industry Weekly Viewpoints - The report discusses the impact of new regulations on the photovoltaic industry, which are expected to lead to a healthier industry structure and improved profitability for leading companies [12][20]. - It also highlights the anticipated growth in solid-state battery technology and its implications for the battery materials market [24][25]. Market Review - The report notes a decline in the Shanghai Composite Index by 1.91% during the review period, with the power equipment sector experiencing a slight decrease of 1.66% [39]. Industry Tracking - The report provides updates on lithium battery material prices, indicating slight fluctuations in various components, including a small increase in three-element cathode prices and a decrease in precursor prices [45][46].