电力设备及新能源行业周报：产业周跟踪，东南亚初裁税率落地，主题赛道短期可能更优

Investment Rating - The report maintains an "Outperform" rating for the electric equipment and new energy industry [2] Core Insights - The report highlights that the production season is not weak, with active progress in solid-state battery industrialization. December production is stable month-on-month, driven by strong demand [3] - In the photovoltaic sector, the U.S. preliminary anti-dumping tax rates have been announced, with Malaysia having the lowest comprehensive tax rate among leading component companies, suggesting potential profitability for exports to the U.S. [3][25] - The wind power sector sees significant developments, including a major order win for Qifan Cable and the signing of a large investment project in Zhejiang for offshore wind power [3][36] - The energy storage sector is experiencing rising peak and valley electricity prices in over 70% of regions, with regulatory measures being strengthened for new energy and storage safety management [4][41] - The electric equipment and industrial control sector reports significant contract wins, with the State Grid's third batch of metering product bids totaling 8 billion yuan [4][49] - The hydrogen energy sector is advancing with the initiation of green hydrogen pipeline construction in Inner Mongolia and the export of the world's first large-scale solid hydrogen storage equipment [4][68] Summary by Sections 1. New Energy Vehicles and Lithium Battery Sector - December production remains stable with strong demand across various battery components, including a year-on-year increase in lithium iron phosphate battery production by 91% [14][15] - Active partnerships in solid-state battery technology development are noted, with several companies collaborating on advancements [15][16] 2. New Energy Generation Sector 2.1 Photovoltaic Sector - The U.S. has set preliminary anti-dumping tax rates for Southeast Asian countries, with Malaysia's rates being the most favorable, indicating potential for U.S. exports [25][26] - The report anticipates that companies with production capacities outside the four Southeast Asian countries will significantly benefit from these developments [27][28] 2.2 Wind Power Sector - Qifan Cable has been awarded a significant order for array cables, marking a strengthening of its competitive position [36][37] - A major offshore wind power project in Zhejiang has been signed with a total investment of 18 billion yuan [37] 3. Energy Storage Sector - Over 60% of regions are experiencing rising peak and valley electricity prices, with significant increases noted in certain areas [41][42] - The National Energy Administration is enhancing safety management for new energy and storage systems to prevent power outages [43] 4. Electric Equipment and Industrial Control Sector - The State Grid's third batch of metering products has a total bid amount of 8 billion yuan, with significant participation from leading companies [49][50] - The report notes a comprehensive plan for a unified national electricity market by 2029, indicating a growing market for electric equipment [52][56] 5. Hydrogen Energy Sector - Inner Mongolia is advancing its green hydrogen pipeline project, with significant milestones in hydrogen production technology [68][69] - The report highlights the export of the first large-scale solid-state hydrogen storage equipment, marking a breakthrough in hydrogen transport technology [69][70]