电力设备行业周报：风电主机价格有望回暖，英联股份获复合铜/铝箔量产订单

Investment Rating - The report maintains a rating of "Overweight" for the electric equipment sector, with specific stock recommendations including GCL-Poly Energy, Tianjun Wind Power, Samsung Medical, Foster, and CATL [5]. Core Insights - The report highlights a potential recovery in wind turbine prices, driven by improved bidding rules from state-owned enterprises, which may lead to more rational pricing in future tenders [19][20]. - The photovoltaic industry is seeing a shift towards self-regulation among trade companies to prevent excessive competition, with recent adjustments in export tax rebates expected to benefit companies with strong brand recognition and technological advantages [17][18]. - The hydrogen energy sector is gaining attention, with recommendations for leading companies in the field, emphasizing the importance of brand and channel advantages [25]. Summary by Sections 1. Market Review - The electric equipment and new energy sector saw a 1.8% increase from November 25 to November 29, with a year-to-date increase of 10.7% [12]. - Sub-sectors such as photovoltaic equipment and wind power equipment experienced notable gains, with increases of 3.67% and 7.33% respectively during the same period [14][15]. 2. Key Insights of the Week 2.1 New Energy Generation - Photovoltaics: A self-regulation meeting was held to address competition issues, and a reduction in export tax rates is expected to improve market conditions for domestic companies [17][18]. - Wind Power & Grid: The average bidding price for wind turbines has increased, indicating a potential end to the price war in the sector, with significant procurement projects expected to boost profitability for manufacturers [19][21][24]. 2.2 New Energy Vehicles - Yinglian Co. received a large order for composite copper/aluminum foil from a South Korean client, indicating strong demand and growth potential in the composite materials sector [33][35]. 3. Price Dynamics in the Photovoltaic Industry - The report provides detailed price movements for various components in the photovoltaic supply chain, indicating fluctuations in prices for polysilicon, wafers, and solar cells [39]. 4. Important News of the Week - The report summarizes significant developments in the new energy vehicle sector, including strategic partnerships and technological advancements, which are expected to drive growth in the industry [42][43].