光伏产业链周评（11月第5周）：1-10月光伏新增装机同比增长27%，美国公布对东南亚四国光伏反倾销税初裁结果

Investment Rating - The investment rating for the photovoltaic industry is "Outperform the Market" (maintained) [2] Core Insights - The photovoltaic industry has seen a 27% year-on-year increase in new installations from January to October, with a total of 181.30 GW added [5] - The U.S. has announced preliminary anti-dumping tax rates on photovoltaic products from four Southeast Asian countries, ranging from 0% to 271.28% [5] - The price of silicon materials has decreased, while the price of battery cells has slightly increased [4] Industry Price Trends - Silicon material prices for P-type have decreased by 1.5 CNY/kg to 35.0 CNY/kg, while battery cell prices have increased by 0.01 CNY/W to 0.28 CNY/W [4] - For N-type, silicon material prices have decreased by 2.0 CNY/kg to 40.0 CNY/kg, with high-efficiency TOPCon battery cell prices increasing by 0.01 CNY/W to 0.28 CNY/W [4] - The cumulative bidding for components in 2024 has reached 204.9 GW, a decrease of 13% year-on-year [4] Industry News & Company Announcements - In October, China added 20.42 GW of new photovoltaic installations, a 50% increase year-on-year [5] - A significant contract for 2.6 GW of photovoltaic inverters was signed by Sungrow Power Supply Co., marking a major project in Saudi Arabia [5] - JinkoSolar will supply 1.8 GW of N-type TOPCon modules for a project in Abu Dhabi, showcasing its competitive advantage in the Middle East [5] Market Performance - The photovoltaic equipment index increased by 4.3% this week, with notable stock performances from companies like Juhe Materials and Flat Glass [6] - The overall market sentiment remains positive, with a focus on key players such as JA Solar, Xinyi Solar, and LONGi Green Energy [7]