电力设备产业周跟踪：光伏锂电取消出口退税利好短期抢装和长期发展，继续重视商业航天太空光伏赛道

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Insights - The cancellation of export tax rebates for lithium batteries and photovoltaic products is expected to accelerate the clearing of outdated production capacity and promote global expansion [2][19] - The energy storage sector is experiencing rising prices for systems and EPC contracts, driven by strong demand [50][51] - The wind power sector is advancing with multiple offshore wind projects receiving approval, indicating ongoing growth in domestic offshore wind energy [34][35] Summary by Sections Lithium Battery Sector - A meeting was held by four departments to regulate the competitive order in the lithium battery industry, proposing the cancellation of export tax rebates for lithium batteries [9][10] - The Chinese government plans to cancel or reduce export tax rebates for battery-related products starting April 1, 2026 [10] Photovoltaic Sector - The official cancellation of export tax rebates for photovoltaic products is set for April 1, 2026, marking the end of the "rebate dividend" era [19][20] - This policy is expected to lead to a surge in orders and installations before the policy takes effect, while long-term effects include the elimination of low-cost competition and a shift towards technological innovation and brand building [19][20] Wind Power Sector - Several offshore wind projects in Jiangsu have been approved, with ongoing progress in deep-sea offshore wind projects [34][35] - The approval of a 1GW offshore wind project in Guangdong and a 0.8GW project in Jiangsu highlights the sector's growth [34] Energy Storage Sector - In December, the average prices for energy storage systems and EPC contracts increased, with strong demand noted in regions like Xinjiang and Shanxi [50][51] - The adjustment of export tax policies for batteries is expected to increase export costs, potentially leading to a surge in exports before the policy takes effect [52] Power Equipment Sector - The CES2026 event showcased the successful launch of the Rubin platform, which is expected to enhance AI computing capabilities [60][61] - The Qinggui DC project has entered the feasibility study phase, marking significant progress in high-voltage direct current transmission projects [62] Hydrogen Energy Sector - The National Energy Group has undergone structural adjustments, establishing a new hydrogen energy division, emphasizing hydrogen as a key growth point in the economy [74][77] - The procurement of a hundred-ton SAF unit indicates ongoing investment in hydrogen technology [78]