东海证券：晨会纪要-20241221

Group 1 - The report highlights the continuous growth potential of the domestic aluminum industry, emphasizing the advantages of Guinea's bauxite resources and the stable production levels in Australia and China [9][51]. - In 2023, global aluminum production reached 70.593 million tons, with China accounting for nearly 60% of this output, indicating a strong self-sufficiency in aluminum production [51]. - The report notes that the price of silicon materials has slightly increased due to adjustments in production expectations, leading to a potential supply-demand balance in December [12]. Group 2 - The report discusses the recent acceleration in offshore wind project construction in several provinces, indicating a significant increase in project reserves and a positive outlook for the wind power sector [14]. - The average bidding price for onshore wind turbine units has stabilized, suggesting a recovery in profit margins for turbine manufacturers as market demand remains strong [31]. - The report identifies key players in the photovoltaic sector, with companies like Yamaton and Zhengtai Electric showing strong performance, while others like Aisheng and Meichang experienced declines [30][57].