光伏设备专题研究：技术变革正当时，光伏设备前景可期

10% 0% -10% -20% -30% -40% -50% -60% 000300.SH 801735.SL 投资要点      请阅读最后评级说明和重要声明 一、工艺技术迭代&装机规模提升驱动光伏设备快速发展4 1.光伏设备位于光伏产业链中游4 2.光伏技术快速迭代，技术升级驱动设备更新换代5 3.受益技术迭代与装机规模提升，光伏设备需求高景气8 二、技术变革正当时，把握核心生产设备增量机会9 1.硅料设备：多晶硅还原炉为主工艺核心生产设备9 2.硅片设备：单晶炉和切片机价值量占比高10 3.电池片设备：新技术带来设备新增量12 4.组件设备：串焊机和层压机为核心设备15 三、投资建议18 1.捷佳伟创18 2.奥特维18 3.晶盛机电19 4.迈为股份20 五、风险提示21 ...............................................................................................................................................4 ...........................................................................................................................................5 ........................................................................................................................................6 ...............................................................................................................................................7 ................................................................................................................................7 ...........................................................................................................................................9 .......................................................................................................................10 .......................................................................................................................10 .............................................................................................................................................10 ...........................................................................................................................................11 ...........................................................................................................................................11 ..................................................................................................................................................12 ................................................................................................................................12 .....................................................................................................................12 .............................................................................................................................13 .......................................................................................................................................14 ...........................................................................................................................................14 ...........................................................................................................................................14 ..................................................................................................................................................15 .................................................................................................................................................15 ..................................................................................................................................15 ..................................................................................................................................................17 ..................................................................................................................................................17 ................................................................................................18 ............................................................................................18 ...................................................................................................19 ................................................................................................19 ................................................................................................20 ............................................................................................20 ................................................................................................20 ............................................................................................20 .............................................................................................................................4 ...........................................................................................................................................6 .........................................................................................................................8 ....................................................................................................................10 .............................................................................................................................................16 100% 90% 80%