20231116-甬兴证券-电力设备行业点评_工信部召开座谈会_聚焦光伏行业高质量发展_3页_427kb

报告摘要

Industrial and信息化部 held a座谈会 on PV industry high-quality development, emphasizing policy support to address overcapacity, lower prices, and thin profit margins.
Supply chain issues: Capacity excess across links (e.g., polysilicon supply projected at 260万吨 by 2023-end), with prices near cost lines (~65元/kg), leading to potential plant exits.
Demand constraints: Component capacity growth exceeds demand (e.g., battery and cell capacity ~1200GW), causing inventory piles in some overseas regions.
Grid connection challenges: Over-saturation in power grids (e.g., in冀鲁豫), requiring infrastructure investments.

Prioritize innovation: Focus on particulate silicon and thin-film technologies; recommend GCL Technology, Gemtop Coating, Majing Stock.
Target advanced cell technologies (TOPCon, HJT); recommend JA Solar, Junda Coating, East Orient Energy for improved profitability.