电力行业出海专题：海外市场增长潜力大，中企奋楫扬帆正当时

        20% 300 15%10%  5%0%-5%-10%    8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 欧洲-1.0% 南美&中美 独联体 北美 中国 亚太 亚太（不含中国） 中东 全球 非洲 -2.0% -2.0%-1.0%0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -4.0%-2.0%0.0%2.0%4.0%6.0%8.0%10.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%8.0%9.0%10.0% 113,507.81 LNG /kWh /kWh /kWh 3000 2500 2000 1500 1000 500 0 20202021202220232024 5,000 4,000 3,000 2,000 1,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1800 1600 1400 1200 1000 800 201520162017201820192020202120222023 21=2,254.79 HBA / / 350 300 250 200 150 100 50 0 2022 1 2022 3 2022 5 2022 7 2022 9 2022 11 2023 1 2023 3 2023 5 2023 7 2023 9 2023 11 2024 1 2024 3 2024 5 310“”10_ (china-embassy.gov.cn) 450 400 350 300 250 200 150 100 50 0 202120222023 53% SEC 52% 51% 50% 49% 48% 47% 46% 45% 9.6 9.5 9.4 9.3 9.2 9.1 9.0 8.9 84 82 80 78 76 74 72 70 68 202120222023 2023E2030E 45 40 35 30 25 20 15 10 5 0 4 1 =7.24 0.025 0.020 0.015 0.010 0.005 0.000 Round1Round2Round3Round4 12000000 10000000 8000000 6000000  GDP GDP GDP GDP YoY YoY 30% 20% 10% 0% 4000000 2000000 0 201220132014201520162017201820192020202120222023 -10% -20% -30% 5 1 =1.30  65% 60% 55% 50% 45% 40% 25% RAP/CAPEX /CAPEX 20% 15% 10% 35% 30% 5% 0% 123456789101112131415  216 47 61 273 249 266 -28 2021 2022 -43 2023 -22 2024 -54 274 64 65 47 63 208 140 109 1000 800 61 232 138 63 233 138 600 400 200 0 -200 45% SE N 40% 35% 30% 25% 20% 15% 10% 5% S NE CO 0%    