国信证券近日发布锂电产业链双周评：材料端，当升科技拟投资建设3000吨固态电解质 生产线。电池端，欣旺达发布400Wh/kg聚合物全固态电池；奇瑞发布600Wh/kg聚合物全固 态电池；卫蓝新能源和陕林集团旗下国海贸易签署40亿元固态电芯采购协议。 以下为研究报告摘要： 【锂电材料及锂电池价格】 锂盐价格走高，电芯报价上行。本周末碳酸锂价格为8.06万元/吨，较两周前上涨0.72万 元/吨。相较两周前，三元正极、磷酸铁锂正极、六氟磷酸锂、电解液、湿法隔膜报价上 涨，负极报价微降。本周方形三元动力电芯/铁锂动力电芯/储能用100Ah电芯/储能用280Ah 电芯报价为0.498/0.340/0.363/0.303元/Wh，较两周前增加0.095/0.002/0.000/0.000元/Wh。 锂电产业链三季报总结：Q3部分动储电池企业实现储能电池价格调涨、盈利能力持续修 复，长协占比少的企业利润修复更为显著。消费电池企业Q3是全年旺季，量利均显著提 升，钢壳电池等放量对于头部企业产生积极影响。部分三元正极及前驱体企业受到海外客户 提货节奏、中镍与高镍结构切换等影响，出货量环比持平或走弱。磷酸铁锂产销两旺，头部 企业 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the wind energy sector, including Goldwind Technology, Yunda Co., and Mingyang Smart Energy, based on their competitive advantages and expected market share growth [9][12]. Core Insights - The report outlines China's strategic tasks in the energy sector during the 14th Five-Year Plan, emphasizing a green transition driven by dual carbon goals, including specific measures such as carbon emission control, industrial decarbonization, and the development of renewable energy [6][13]. - The wind energy sector is expected to see a significant increase in installed capacity, with a target of no less than 120GW of new installations annually during the 14th Five-Year Plan, including at least 15GW from offshore wind [7][5]. - Hydrogen energy has been recognized as a key future industry, with strong policy support anticipated to accelerate its industrialization and commercialization, positioning it as a new growth driver [13][15]. Wind Energy - The "Wind Energy Beijing Declaration 2.0" has revised the market's expectations for wind power installations, indicating a slowdown in the trend of larger wind turbines, with a focus on products that meet market demands for power trading [7][8]. - Goldwind's Q3 performance exceeded expectations, with a revenue increase of 25.4% year-on-year and a net profit growth of 170.6% [9]. - The competitive landscape in the wind turbine sector is expected to undergo a "value reshaping" as companies adapt to market conditions and enhance product offerings [7][8]. Hydrogen and Fuel Cells - Hydrogen energy has been elevated to a national strategic level, with policies expected to support its rapid development and integration into various sectors [13][15]. - The report highlights the acceleration of green hydrogen projects and the rising demand for fuel cell vehicles, indicating a significant market opportunity [14][15]. - The establishment of a complete commercial model for green hydrogen in shipping is seen as a breakthrough that could lead to broader applications in other industries [15][16]. Photovoltaics and Energy Storage - The introduction of new measures in Henan Province is expected to enhance the profitability of independent energy storage projects, confirming the report's previous assertions about the growing demand for large-scale energy storage [17][18]. - The export of photovoltaic components remains strong, with a notable increase in shipments to emerging markets, indicating sustained demand [19][20]. - The report suggests a bottom-up investment approach in the solar and storage sectors, focusing on leading companies and innovative technologies [20]. Lithium Batteries - The lithium battery sector is experiencing a surge in demand, with some negative electrode manufacturers raising prices due to increased production capacity utilization [21][24]. - A significant breakthrough in solid-state battery technology has been achieved by XINWANDA, with a new polymer solid-state battery reaching an energy density of 400Wh/kg [26][27]. - The report emphasizes the importance of strategic partnerships in the lithium battery supply chain, particularly for enhancing sustainability and competitive advantage [22].