太阳能行业周报：12月规上工业太阳能发电增长28.5%，产业链价格结构性上涨

Investment Rating - The solar industry maintains a "Synchronize with the Market - A" investment rating [1] Core Insights - In December, the industrial-scale solar power generation increased by 28.5%, with a significant acceleration in growth compared to November, which was an increase of 18.2 percentage points [3] - China's photovoltaic products have consistently exported over 200 billion yuan for four consecutive years, with wind turbine exports growing by 71.9% in 2024 [4] - The National Development and Reform Commission, along with other ministries, is promoting the integration of computing power and green electricity, aiming to enhance the synergy between large wind and solar bases and computing power hubs [4] Summary by Sections Industry Performance - The industrial-scale solar power generation growth rate in December was 28.5%, marking a significant increase from November's figures [3] - The wind power generation also saw a recovery with a growth of 6.6% in December, compared to a decline of 3.3% in November [3] Price Tracking - The average price of dense polysilicon remained stable at 39.0 yuan/kg, while granular silicon also held steady at 36.0 yuan/kg [6] - The price of N-type silicon materials saw a slight increase of 0.48%, and granular silicon prices rose by 0.52% [6] - The average price of 150um 182mm monocrystalline silicon wafers remained at 1.15 yuan/piece, while 130um 183mm N-type wafers averaged 1.18 yuan/piece [8] - M10 battery cells saw a price increase of 10.0% to 0.33 yuan/W, while 210mm battery cells decreased by 6.7% to 0.28 yuan/W [9] - The average price of 182mm double-sided PERC modules remained stable at 0.65 yuan/W [9] Investment Recommendations - Key recommendations include companies focusing on BC new technology such as Aiko Solar and Longi Green Energy, and companies in the photovoltaic glass sector like Flat Glass [11] - Other companies to actively monitor include GCL-Poly, Tongwei, and Trina Solar among others [11]