光伏设备行业：光伏再提领跑者计划，2024年国内光伏装机创纪录

Investment Rating - The industry investment rating is maintained at "Overweight" [3] Core Insights - The implementation of the photovoltaic leader plan in Shaanxi Province is expected to drive record domestic photovoltaic installations in 2024, with a target of approximately 2 million kilowatts [3] - The report highlights that the photovoltaic industry is stabilizing at the bottom due to reduced silicon material production and the listing of polysilicon futures [7] - The report anticipates that China's cumulative photovoltaic installations will exceed 1,050 GW by 2025, with significant growth in renewable energy consumption projected for 2030 [7] Summary by Sections Industry Performance - Over the past 12 months, the industry has experienced a relative return of -40.35% compared to the CSI 300 index [6] - Absolute returns for the same period are -23.14% [6] Key Investment Points - The photovoltaic leader plan emphasizes high conversion efficiency for components, benefiting leading companies such as Aiko, Longi Green Energy, Trina Solar, and JinkoSolar, with efficiencies reported between 24.2% and 24.8% [7] - In 2024, China's photovoltaic installations are expected to reach approximately 277 GW, with a year-on-year growth of 28.92% in December alone [7] - The report suggests prioritizing investments in leading companies across various segments, including Tongwei Co., Daqo New Energy, GCL-Poly Energy, Aiko, Longi Green Energy, and JinkoSolar [7]