电力设备及新能源行业周报：12月逆变器出口金额环比增长，24&25年美国光伏装机预期高增

10% 0% -10% -20% -30% -40% 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 二、行情回顾3 三、行业数据4 四、行业资讯7 1.行业要闻7 2.重要公告7 五、风险提示9 ....................................................................................................................................4 ........................................................................................................................................4 .......................................................................................................................................4 ................................................................................................................................5 ....................................................................................................................................5 .........................................................................................................................5 ....................................................................................................................................5 ....................................................................................................................................5 .............................................................................................................................5 ................................................................................................................................6 ................................................................................................................................................6 .............................................................................................................................................6 ................................................................................................................................................6 .........................................................................................................................................6 ..................................................................................................................................6 ...........................................................................................................................................3 ..................................................................................................................7 ...................................................................................................7 2   3 1.2 1 0.8 0.6 0.4 0.2 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 2024/1/3 三元车用电芯 铁锂车用电芯 方形储能电芯（磷酸铁锂） 银行消费者服务 通信纺织服装非银行金融 家电交通运输食品饮料 传媒电子 石油石化轻工制造商贸零售 电力设备及新能源 医药煤炭 综合金融 建筑房地产 电力及公用事业 汽车 建材 农林牧渔 综合基础化工 钢铁计算机有色金属 机械 国防军工 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2% 1% 0% -1% -2% -3% -4% -5% -6% -7% -8% 4 40353025201510 50 2020/1/3 2021/1/3 2022/1/3 2023/1/3 2024/1/3 NCM333 NCM523 NCM622 NCM811 磷酸铁锂 60 50 40 30 20 10 0 2020-01-01 2021-02-24 2022-04-20 2023-06-14 2.5 2 1.5 1 0.5 0 2020/2/14 2021/2/14 2022/2/14 2023/2/14 干法-16μm 湿法基膜-9μm 湿法基膜-7μm 70 60 50 40 30 20 10 0 2020/6/19 2021/6/19 2022/6/19 2023/6/19 9 8 7 6 5 4 3 2 1 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 2024/1/3 中端产品 高端产品 14 12 10 8 6 4 2 0 2020/1/3 2021/1/3 2022/1/3 2023/1/3 2024/1/3 电解液(磷酸铁锂) 电解液(三元/圆柱/2600mAh) 12 10 8 6 4 2 0 单晶硅片-182mm(M10) 单晶硅片-210mm(G12) 2.1 1.9 1.7 1.5 1.3 1.1 0.9 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 350 300 250 200 150 100 50 0 1.5 1.3 1.1 0.9 0.7 0.5 0.3 单晶PERC-182mm 单晶PERC-210mm Topcon-182mm 3 2.5 2 1.5 1 0.5 0