电力设备行业周报：华晟0BB异质结组件量产，变压器出口延续高增

请认真阅读文后免责条款电力设备报告日期：2024年04月22日华晟0BB异质结组件量产，变压器出口延续高增——电力设备行业周报华龙证券研究所投资评级：推荐（首次覆盖）最近一年走势分析师：杨阳执业证书编号：S0230523110001邮箱：yangy@hlzqgs.com联系人：许紫荆执业证书编号：S0230124020004邮箱：xuzj@hlzqgs.com相关阅读摘要：行业方面，本周申万电新板块涨跌幅-0.03%，涨跌幅在31个行业中排名第15；申万公用板块涨跌幅-0.90%，涨跌幅在31个行业中排名第19。同期沪深300涨跌幅+1.89%，万得全A涨跌幅-0.33%。光储行业：华晟新能源0BB异质结组件量产。华晟新能源发布0BB无主栅高功率异质结组件新品，并将应用在大版型组件中。0BB相较于SMBB，电池背面金属遮挡面积少，受光面积更大，双面率可以达90%，可以降低银浆成本。0BB技术有望加速导入，个股方面建议关注奥特维、迈为股份、宇邦新材等；光伏产业链组件排产向好，建议关注协鑫科技、福莱特、钧达股份、阿特斯等；国内储能装机需求高增，逆变器环节建议关注阳光电源、盛弘股份、禾望电气、德业股份等。风电行业：浙江2.1GW海上风电竞配公示，海风建设有望持续推进。个股方面建议关注塔筒天顺风能、大金重工、泰胜风能；海缆东方电缆等。电网设备：变压器3月出口金额34.4亿元，环比增长37.5%，同比增长27.0%。海外需求高增叠加国内电网投资增长有望带动电力设备放量，个股方面建议关注国电南瑞、炬华科技、三星医疗、海兴电力、许继电气、四方股份、金盘科技、思源电气等。氢能行业：北京启动2023-2025年度氢车示范应用项目申报。随各地氢能政策密集出台，行业景气度将实现快速提升。个股方面建议关注华光环能、昇辉科技、石化机械、科威尔等。公用行业：消纳仍是核心环节。项目回报率、市场化交易电价等市场价格信号将指引装机与投资健康增长，也将带动火电灵活性改造、储能、电力交易等需求。个股方面，建议关注电力IT标的南网科技、国能日新、安科瑞、国网信通等；火电灵活性改造标的青达环保、龙源技术、东方电气；火电建议关注华能国际，华电国际，国电电力，大唐发电等。风险提示：宏观经济下行风险，政策不及预期，上游原材料价格大幅波动，重要技术进展不及预期，海外贸易保护政策，行业竞争加剧，第三方数据统计错误导致的风险，重点关注公司业绩不及预期，适当性管理等。证券研究报告 行业研究报告重点关注公司及盈利预测代码股票简称2024/04/19EPS（元）PE投资评级股价（元）2022A2023E2024E2022A2023E2024E688516.SH奥特维101.024.885.598.2920.718.112.2未评级300751.SZ迈为股份113.334.994.097.3022.727.715.5未评级301266.SZ宇邦新材34.941.101.462.3331.823.915.0未评级300274.SZ阳光电源95.162.426.457.5339.314.712.6未评级300693.SZ盛弘股份31.151.091.301.7528.623.917.8未评级603063.SH禾望电气19.010.611.131.4931.216.812.7未评级605117.SH德业股份82.006.354.494.4912.918.318.3未评级002865.SZ钧达股份52.235.083.836.6910.313.67.8未评级688472.SH阿特斯11.490.700.861.2616.413.49.1未评级601865.SH福莱特24.660.991.241.6224.919.915.2未评级3800.HK协鑫科技1.090.600.090.001.811.5-未评级603606.SH东方电缆39.991.221.452.0132.827.619.9未评级002487.SZ大金重工19.150.801.011.5123.919.012.7未评级300129.SZ泰胜风能7.270.330.450.7122.316.110.3未评级002531.SZ天顺风能9.530.350.620.9827.215.39.7未评级600406.SH国电南瑞25.510.970.931.0926.327.523.5未评级000400.SZ许继电气28.100.751.001.1837.328.223.9未评级601126.SH四方股份16.190.670.750.9024.221.618.1未评级688676.SH金盘科技46.800.671.181.8069.939.725.9未评级002028.SZ思源电气66.041.592.022.6541.532.724.9未评级300360.SZ炬华科技15.460.941.201.3816.512.911.2未评级601567.SH三星医疗35.450.671.261.5652.928.222.7未评级603556.SH海兴电力49.801.362.022.3136.624.721.5未评级600475.SH华光环能10.440.780.850.9713.312.210.7未评级300423.SZ昇辉科技5.10-1.970.000.00---未评级000852.SZ石化机械6.630.060.120.18115.756.636.4未评级688551.SH科威尔43.760.781.452.0056.130.221.9未评级688248.SH南网科技26.610.360.500.8073.953.233.2未评级301162.SZ国能日新38.971.030.851.2137.845.832.3未评级300286.SZ安科瑞17.910.820.951.2621.818.914.2未评级600131.SH国网信通17.760.670.700.8626.525.420.7未评级688501.SH青达环保15.490.620.701.1925.022.113.0未评级300105.SZ龙源技术6.910.170.270.0040.125.2-未评级600875.SH东方电气18.250.921.141.3419.816.013.6未评级600011.SH华能国际9.57-0.610.350.85-27.311.3未评级600027.SH华电国际6.98-0.080.350.65-19.910.7未评级600795.SH国电电力4.980.150.310.4732.315.910.7未评级601991.SH大唐发电3.00-0.10-0.020.23--13.2未评级资料来源：Wind，华龙证券研究所；注：未评级标的盈利预测数据均来自Wind。 行业研究报告内容目录1行情回顾...................................................................................................................................................12重点行业动态...........................................................................................................................................32.1行业新闻............................................................................................................................................32.2公司公告............................................................................................................................................43行业跟踪...................................................................................................................................................53.1光伏：产业链价格............................................................................................................................53.2风电：装机及招标............................................................................................................................73.3电力：发用电量................................................................................................................................84投资建议...................................................................................................................................................85风险提示.................................................................................................................................................10图目录图1：本周申万行业涨跌幅..................................................................................................................1图2：本周申万电新子行业涨跌幅......................................................................................................1图3：本周公用申万子行业涨跌幅......................................................................................................1图4：本周硅料价格（单位：元/kg）.................................................................................................5图5：本周硅片价格（单位：元/片）.................................................................................................5图6：本周电池片价格（单位：元/W）..................................................................................