电力设备与新能源行业周报：预计锂电通缩结束，江苏国信850MW海风启动风机采购

2023/4 2023/6 2023/8 2023/10 2023/12 2024/2 !"#$%&'()*+,-850MW./01/234 $56789:;<=>n@A/BCD@2024E4F7G HIJKLMNLO \]^_PQRS !"#$%&'()*+,$S0740522020001Email$zengbiao@zts.com.cn!"#$-ƒ'()*+,$S0740522040004Email$wupeng@zts.com.cn!"#$/01'()*+,$S0740522080002Email$zhubr@zts.com.cn!"#$23ƒ'()*+,$S0740522100005Email$zhaoyp02@zts.com.cnPQRS 456783579(:5;(<=)52,0169(>?5;(<=)43,345 BC-TUVWfiY Ø"#$%&7( )*300 10%0%-10%-20%-30%-40%-50% Z[@A GH Cffi (=) EPS PE PEG JK 2022A 2023E 2024E 2025E 2022 2023E 2024E 2025E !"#$ 23.89 2.97 0.98 0.80 1.09 8.05 24.31 29.93 21.92 -0.3 %& '()* 42.10 4.46 3.80 3.41 4.02 9.44 11.08 12.34 10.46 2.4 %& !+,- 24.05 1.69 2.55 3.52 4.39 14.20 9.43 6.83 5.48 0.1 - 4,/0 104.88 2.42 4.70 6.40 8.16 43.35 22.31 16.39 12.85 0.2 %& 123 112.25 5.27 8.97 11.69 14.99 21.30 12.51 9.60 7.49 0.2 %& 45/6 44.48 1.22 1.45 1.84 2.51 36.31 30.59 24.17 17.72 0.5 %& LM$Cffi8NOP2024Q4R3STUffiVWXYZ[\]^_[`abcde23QfgWhijde23Q(klfgWXYZ[\]^_[Whij8NmWindnopq !Ø#$%&'()*+,'(-./01,2345620247389&:;<=>(?@ABCD82EF6GHIJ33%6KHIJ84%L$M&'(NO+,P $638QR8&:;<'(CD22.1EF6GKH-13%/+56%LST4UVOWX*YZ[6:\]J[^_L247`1(abffide6fg:(aBh6ijkVOlmn4[IJ6Gopq/rs/tVu:vØwxyz6[:deLST4U1|]~97OÄÅÇ\ÉÑÖ62|]KHÜáiàâäãå247|]ÇçKHÜáL1éèêëíffiìîfiñó6]òôöbõú\Kù6Øwûü†°¢o£§†•¶!;§äß®ûü†©™ß®§†´¨^§6xÆØƆ±Âǧä2éèêpq≥¥µéMt^\Ê£†,6ûüª¢:ß6xÆØƆº∑æø§¿†©¡±¬§ä3éèê!Ø:¬üSÜ^|Øw\«»V…6xÆØƆ ¨:ߧuL À;#Ã$ÕŒ/0œ–À;—Ø“-.\y”‘U62024728&’÷§ÿŸÀ; ⁄¤33.77GW/10GWhLffiìS‹#28À;›‘fiffifl‡2·oÀ;›‘~‚éàíöV6À;›‘â„fiffi814‰/kWh6GHöb44.7%6KHöb0.6%6À;EPCâ„fiffi1496‰/kWhLûü#†ÂÊØ<§†ÁËØ;§†á;Øȧ†ÍÎæø§†±ÏØ̧L ÊÓ#ÊÓÔ~Ø”ÒÚ\ÛÙ`16ı^ˆ˜¯˘˙˚¸x˚ÒÚAØ“IJ«“ \Û¯äëí˛ˇ9ƒÊÓ-."BãA&#fi†‡$%\“]ûk:;<Bã§6ST4U&'(),*+,-6ÊÓlmõú%./06ÊÓôåfl^:\2345áVZ[LÛÖØÆ#1¿ÛÖØÆQ67ÅÇ-.#ØÆx896&-.7:;\†<=>§6QR-.\†?@AB§6‡Ax899ƒ-CµéM\2D"EO6ØƆF±;<§uä2¿¬üGH–IJ-.AKLñóMNOß#Pt†QR:ߧ†STØȧ†GU±¬§6VW†X–ß®§6YZ)X†*[æø§uä3¿–\]ffiì^_6x89`‹ØabD†%ªc§ä4¿lméM6d;e;6ÅÇõúfi%\ghKù6ØƆij=§†klmn§uä5¿Oßfi9lmN"É~op6ØƆi>=§†Jq:ߧ†rs:ߧ†©t:ߧ†uv¬ü§†wcæø§uä6¿Øw\]xyIzôåá[6ÅÇõúôå|]6ØƆ~Âæø§†.ı¬§†ÅDZ¬§†Fɱ¬§†©3Ê;§†Ñ˘Ö;§uäffiìMop6·Ü-.7ÅÇ:¬ü#HPBC¿ABC¿HJTá`EO6ØƆàâæø§†ASIM§uä7¿ãÀåNçDffiñó6ëíØÆxyéè|]6†ÂÊØ<§†á;Øȧ†*çê맆ÍÎæø§†^¢S§†¢Oæø§†íìæø§†íåØȧL 8¿î®îïñá#†+󱬧†òôù;§†*Sæø§†TCL%K§uL öØ#Jölmõ"624-257bDùúôåézL#ùAûü#†°¢£é§Jü• ¶fiß6®©7GW™ô2.4GW´U5¨ÿŸg]ÆØA^L#ù±ûü#Z¥A .µ237t˘Ar”6Ÿ@&[EPC÷§™g]䪰ÿŸ™ÆØr0ºEPC÷ §L#JGûü#æ;_7600MW¿ø;CZ2¿%¿¡°CZ3ÿŸ™0N6E°¬ô ƒÿŸ0ºö†˘˙÷§64U-7CZ7¿CZ8¿CZ9u3¨Jö≤«ÿŸ»ôå0Nä#ixûü#… ÀJ¿ixâÃAû/âÃJ ÉÿŸg]ö†÷§LÕÀ6237ŒœÿŸ»*+0ã@[÷§NÔL#– ûü#237—-ôM“4GWÿŸÆØ6 4U247*+0N6Ÿ@”ã‘p\’ ÷1N‡AÿK2NL# Áûü#2.65GWŒœÿŸ„™ÆØ6ôå247áŸ70N6789:;0.85GW<=>0@AB# áJûü#800MWŒœÏíºk÷§6⁄%6¤‹&[™›fi>J4flA^L#sAûü#‡%G¿Ÿ·GU1/U2¿Ÿ·‚N2¿Ÿ·‚BWÿŸ„~247®ÛÖÿŸ6 ”ãézL⁄‰ûü#‚Jö*+ÊÁ6¿s300MW–ËÈ·500MWÿŸ„Í23-247ÆØ6οsÿŸg]ö†÷§ä&ØÒ%…ÏÌÓÿŸÆØ6ôå*+ºkLxÆÛÖØÆ# 1¿JÔ#†ASØÔ§†hÒæø§†ÚÛØÔ§u 2¿Ùı/©ˆ#†çRæø§†¨Òö;§†©˜ö;§†%wÛN§†J“öاu3¿ ¯˜#†:˘Z§u 4¿˙˚]#†w¸æø§†˝ æø§†I8æø§†*˛ÛN§u 5¿«†?#†ˇ2Û;§†dÂ!;§u ö"é≤#]#ê†MA4[ä$ß®%.á%äŒ&g'ä/fi(>\ª)$:M Aoö"ä*ˇSP$+Í,-i.ë\ö"uL !"#$ C2DEFG34HIJK59.-6- 12L5GM34NOPQRA*STUVW............................................-6- 2234PXYZ[VW............................................................................-6- 32:\]G=^_`PGMa0`..........................................................-8- 1bcde,:fG=^_`......................................................................-8- 2b:\G=^_`....................................................................................-9- 3b=ghiGMj`ka0lm..............................................................-9- 42hi@AnA`Popqr.................................................................-11- 1b:\hi@APnAOs.....................................................................-11- 2bL5:\hiopPZ[VW.............................................................-11- 52L5FGMj4tffivVW................................................................-13- 62:\]wGxOsVW.......................................................................-14- y2z[|]~ÄÄÅÇÉÑ,]ÖGMÖÜ[áàâä.................................-15-12z[j4tVW..................................................................................-15- 22z[34ãårçPXé...................................................................-18- è2>G|êë850MW>0íìîï>3=ñ=0óòôö.......................-18-12L5õ>úöùû..............................................................................-18- 22õü>@AOs†W...........................................................................-20- 32õü>nAOs†W...........................................................................-21- 42“K¢”£§âî>G•9ôöopVW..............................................-22- ¶2ß®©™...................................................................................................-26- ´2>¨ãÆ...................................................................................................-27- %&#$ Ø“1|L5GM34QRA*STU±8˝¥µâxb.-6- Ø“2|cde,:friÆ^_`±Âb......................................................-8- Ø“3|:\^;riÆ^_`±Âb..............................................................-9- Ø“4::\=ghiGMj`Pªº±GWhb..............................................-10- Ø“5|:\=gGMa0`±GWhbPªº..........................