电力设备及新能源行业周报：风光装机持续高增，大众入股小鹏汽车

10% 5% 0% -5% -10% -15% -20% -25% -30% 000300.SH CI005011.CI 投资要点     请阅读最后评级说明和重要声明 一、投资要点3 1.风光装机持续高增，上半年新增超100GW3 2.大众增资小鹏，中国智驾步入新时代3 二、行情回顾4 三、行业数据5 四、行业资讯7 1.行业要闻7 2.重要公告8 五、风险提示11 ................................................................................................................................3 ................................................................................................................................3 ....................................................................................................................................4 ........................................................................................................................................5 .......................................................................................................................................5 ................................................................................................................................5 ....................................................................................................................................5 .........................................................................................................................5 ....................................................................................................................................5 ..................................................................................................................................6 ...........................................................................................................................6 ..................................................................................................................6 ................................................................................................................................6 ................................................................................................................................................6 .............................................................................................................................................6 ................................................................................................................................................7 ..................................................................................................................................7 ...........................................................................................................................................4 ..................................................................................................................7 ...................................................................................................8 2 120 200% 100 150% 80 100% 60 50% 40 20 0% 0 -50% 20192020202120222023E2024E2025E 风电新增 风电增速 180 100% 160 80% 140 60% 120 100 40% 80 20% 60 0% 40 20 -20% 0 -40% 20192020202120222023E2024E2025E 集中式新增 分布式光伏新增 集中式增速 分布式增速 3 非银行金融 房地产钢铁建材银行 食品饮料消费者服务 建筑综合 综合金融 汽车轻工制造 家电交通运输 医药纺织服装 煤炭有色金属 电力设备及新能源 石油石化商贸零售计算机基础化工 电力及公用事业 机械国防军工农林牧渔 通信电子传媒 14% 12% 10% 8% 6% 4% 2% 0% -2% -4% 4 40% 35% 30% 25% 20% 15% 10% 5% 0% 1.2 1 0.8 0.6 0.4 0.2 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 三元车用电芯 铁锂车用电芯 方形储能电芯（磷酸铁锂） 45 40 35 30 25 20 15 10 5 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 NCM333 NCM523 NCM622 NCM811 磷酸铁锂 70 60 50 40 30 20 10 0 2020-01-01 2021-02-24 2022-04-20 2023-06-14 9 8 7 6 5 4 3 2 1 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 中端产品 高端产品 2.5 2 1.5 1 0.5 0 干法-16μm 湿法基膜-9μm 湿法基膜-7μm 14 12 10 8 6 4 2 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 电解液(磷酸铁锂) 电解液(三元/圆柱/2600mAh) 70 60 50 40 30 20 10 0 0.16 0.15 0.15 0.14 0.14 0.13 0.13 0.12 350 300 250 200 150 100 50 0 12 10 8 6 4 2 0 单晶硅片-182mm(M10) 单晶硅片-210mm(G12) 1.4 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.6 单晶PERC-182mm 单晶PERC-210mm 2.1 2.0 1.9 1.8 1.7 1.6 1.5 1.4 1.3 182mm单面单晶PERC组件 210mm单面单晶PERC组件 182mm双面单晶PERC组件210mm双面单晶PERC组件 50 45 40 35 30 25 20 15 10 5 0 3.2mm镀膜 2.0mm镀膜 http://985.so/2k6qz http://985.so/2k6qp http://985.so/2k6sr http://985.so/2k6sw http://985.so/2k6ts http://985.so/2k67c http://985.so/2k6ij http://985.so/2k60q http://985.so/2kiw0