太阳能行业周报：1月光伏设备及元器件制造价格上涨，产业链价格基本持稳

Investment Rating - The solar industry maintains a "Synchronize with the Market - A" investment rating [1]. Core Insights - In January 2025, the manufacturing prices of photovoltaic equipment and components increased by 0.5%, while the overall price levels in the industry chain remained stable [2]. - A joint announcement from five departments on February 12, 2025, introduced a new list of 103 low-carbon technologies, including significant advancements in offshore wind power and solar energy control technologies [1]. Price Tracking - The average price of dense polysilicon remained stable at 39.0 CNY/kg, while granular polysilicon also held steady at 36.0 CNY/kg. The market is characterized by a cautious sentiment, with most companies operating at reduced production levels [4]. - The average price of 182mm monocrystalline silicon wafers was 1.15 CNY/piece, and the average price of 183mm N-type wafers was 1.18 CNY/piece, both remaining unchanged from the previous week [4]. - The average price of M10 battery cells was 0.33 CNY/W, and the average price of 182mm TOPCon battery cells was 0.29 CNY/W, with prices remaining stable [5]. - The average price of 182mm bifacial PERC modules was 0.65 CNY/W, also stable, with expectations for increased production as domestic projects commence [8]. Investment Recommendations - Key recommendations include companies focusing on new technology directions such as Aiko Solar and Longi Green Energy, as well as those improving supply-side conditions like Flat Glass Group [9]. - Additional companies to watch include Xiexin Technology, Tongwei Co., and JA Solar, among others, indicating a broad spectrum of potential investment opportunities within the solar industry [9].