电力设备及新能源周报 20250602

Investment Rating - The report maintains a "Buy" rating for key companies in the electric equipment and new energy sectors, including CATL, Keda, and others [5][6]. Core Insights - The electric equipment and new energy sector experienced a decline of 2.44% in the past week, underperforming compared to the Shanghai Composite Index [1]. - The nuclear power index saw the highest increase of 7.35%, while the lithium battery index faced the largest drop of 5.59% [1]. - The report highlights the acceleration of perovskite industrialization and the planning of new ultra-high voltage transmission channels in Gansu [3][4]. Summary by Sections New Energy Vehicles - XPeng's MONA M03 Max version was launched on May 28, with prices ranging from 119,800 to 139,800 RMB based on different battery ranges [2][12]. Photovoltaics - The perovskite industrialization is accelerating, with Maiwei planning to invest in perovskite tandem solar cell equipment, expecting annual sales of 4 billion RMB and a net profit of 600 million RMB post-production [3][29]. - In April 2025, China exported approximately 21.39 GW of photovoltaic modules, a year-on-year increase of 2% [30]. - The top five importing countries accounted for about 41% of the global market [30]. Electric Equipment and Automation - Gansu plans to add 2-3 new ultra-high voltage transmission channels to the national plan, aiming for a total of 6 channels by 2030, with a transmission capacity of 48 million kW [4][47]. - The report emphasizes the importance of enhancing power delivery capabilities to convert energy resource advantages into economic development [47]. Key Company Earnings Forecasts - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for key companies, with CATL projected to have an EPS of 15.19 RMB in 2025 and a PE ratio of 16 [5].