资源描述
|2024 04 21/2021 200 2021 AC/AC 4 kWh IRA 2022 2023 39.8%71%AI 30-40 WoodMac 20%+40%1 2024 2020 1700 110 KVA%305 6.0 4515.7 6.0 3828.4 5.7%1m 6m 12m-10.7-11.8-30.1-9.6-12.0-16.0 1 106 2024-04-09 2 10 2024-04-08 3 80 2024-04-01 S1090515050001 S1090521070003-40-30-20-1001020Apr-23 Aug-23 Dec-23 Mar-24(%)电力设备及新能源 沪深300 24 2 股价 22EPS 23EPS 24EPS 23PE 24PE PB 评级 46.8 0.7 1.2 1.9 40 25 6.2 66.0 1.6 2.0 2.7 33 25 4.9 20.2 0.4 0.6 0.8 33 27 5.2 14.3 4.1 2.1 1.7 7 8 1.2 16.5 0.6 0.5 0.9 31 19 2.1 8.1 0.1 0.2 0.3 47 32 1.9 17.6 0.9 1.0 1.3 18 13 2.4 81.9 1.9 2.8 3.2 30 25 4.3 10.9 0.5 0.7 0.8 15 13 2.1 16.7 0.8-2.1 21.6 0.6 0.8 1.0 28 23 3.7 8.0 0.2 0.3-23-4.3 Wind ZXDWxOrMtQmNtNsRnQpQmNaQdN9PmOqQtRqMjMoOmQiNtRmRaQrQnMuOqRsMNZqQmQ 3.6.8 1.8 1.1.8 1.2.9 1.3.9 1.4.10 2.11.14 1.14 2.14 3.16.18.18.18 1.6 2/.6 3.7 4.7 5.7 6.7 7.8 8.8 9.8 10.8 11 2000-2023/.9 12 2014-2023 GW.9 4 13.9 14 2010 2023.9 15.10 16.10 17.10 18 RTO/ISO.10 19.11 20.11 21.11 22.11 23.12 24.12 25.12 26.12 27.12 28.12 29 kW.14 30.14 31 kW.14 32.14 33 kWh.15 34 kW.15 35%.16 36.16 1/.6 2.7 3.13 4.13 5.15 6.16 7.17 TXzAbayLnw+qV62wT5jt1ciCYydMK33bsDsO0TSEcfb1XBRMzfuZkPcUkPX/azJj 5 8.18 6 AC/AC 35kV 110-330kV 330-750kV 1000kV 9/1 2/DFliq Geeksforgeeks 1/7 2 NOMEX VPI 3 4 weidmann EEP 5 6 90%6%3%1%0%10%20%30%40%50%60%70%80%90%100%2019 2020 2021 8 1 1.1 4 kWh IRA 2022 2023 39.8%71.3%AI AI AI 5 AI 10%7 8 EIA Wind 9 10 IEA Cushman&Wakefield 2023 Marklines-5%0%5%10%15%20%0500100015002000250030003500400045001949195319571961196519691973197719811985198919931997200120052009201320172021 kWh yoy-40%-20%0%20%40%60%80%100%050001000015000200002002-012003-052004-092006-012007-052008-092010-012011-052012-092014-012015-052016-092018-012019-052020-092022-012023-05:yoy0%2%4%6%8%10%12%14%16%18%2025E 2027E 2030E-20%0%20%40%60%80%100%120%0204060801001201401602014 2015 2016 2017 2018 2019 2020 2021 2022 2023 yoy 9 1.2 BP 2050 30pcts 50+%16%+45%2024 2500GW 1000GW 366GW 14%11 2000-2023/12 2014-2023 GW Berkeley Lab Berkeley Lab 13 14 2010 2023 IEA Berkeley Lab 1.3 30-40 10 15 16 IEA IEA 1.4 AI 2022 Mordor Intelligence 2024 88.6 17 18 RTO/ISO EIA FERC 11 19 20 Mordor Intelligence 2 GE WoodMac 20%AK Steel 21 22 WoodMac WoodMac 0204060801001201401602015 2020 2025 2030$billionHistoricalWith IRANet Zero Scenario20%80%12 23 24 SMM SMM 2022 38.4 33.3%2022 2023 66%27%25 26 OEC 8504 OEC 8504 27 28 56%11%7%26%25%15%13%11%8%8%3%3%2%2%10%050100150200250300350400 0%10%20%30%40%50%60%70%80%90%100%13 3 2017 2018 2019 2020-2024 0.0%25.0%25.0%25.0%0.0%25.0%25.0%25.0%1.6%26.6%26.6%26.6%1.6%11.6%26.6%26.6%2.4%27.4%27.4%27.4%1.6%26.6%26.6%26.6%1.6%26.6%26.6%26.6%USITC 4 20%-30%WEIDMANN SGB GE 30%-40%0%10%20%30%2017 2018 2019 2020 14 1 2023 609 441GW 37%12%29 kW 30 Wind 31 kW 32 2+2014-2015 2015 2016 050000100000150000200000250000300000350000 0%20%40%60%80%100%2015 2016 2017 2018 2019 2020 2021 2022 2023 20241-2 0500010000150002000025000300003500040000 15 2023 5275 5.4%33 kWh 34 kW Wind Wind 5 电量电 价（元/千瓦时）容量电 价（元/千瓦时）0.0082 0.0071 0.0011 0.019 0.0175 0.0015 0.0137 0.0129 0.0008 0.0058 0.0048 0.001 0.006 0.0035 0.0025 0.0026 0.0011 0.0015 0.0036 0.0018 0.0018 0.0075 0.0095-0.002 0.0063 0.0072-0.0009 0.0036 0.0034 0.0002 0.0038 0.0046-0.0008 0.0052 0.0039 0.0013 0.0024 0.0023 0.0001 0.0222 0.01 0.0122 0.0032 0.0015 0.0017 0.003 0.0007 0.0023 0.0023 0.0009 0.0014 0.0029 0.0006 0.0023 0.002 0.0004 0.0016 0.0049 0.0019 0.003 0.0163 0.0087 0.0076 0.0041 0.0031 0.001 0.0043 0.0034 0.0009 0.0039 0.0031 0.0008 0.0142 0.02-0.0058 0.004 0.0041-0.0001 0.0014 0.0012 0.0002 0.0027 0.0029-0.0002 0.0014 0.0017-0.0003 0.0019 0.0015 0.0004 0.0009 0.0009 0 0%5%10%15%20%02000040000600008000010000020102011201220132014201520162017201820192020202120222023CAGR10 5.7%kWh yoy0%5%10%15%20%05000010000015000020102011201220132014201520162017201820192020202120222023CAGR10 6.7%kW yoy 16 3 2024 1 2024 2022 2 6 2022 kW W 1 2 3 GB20052-2020 2024-1 2 3 GB20052-2020 2020 12 2021-2023 2023 10%75%2024 2 2025 S7 S8 25 2021 10 6-7%40-50%35%36 GB 20052-2020 1 2 75 80 85 5.05.56.06.57.07.52014 2015 2016 2017 2018 2019 6.6%3.0%0%10%20%30%40%50%60%70%80%90%100%17 2021 2 21%2022 2 62%2021 1700 112 KVA 7 1964 JB500-64 1973 JB13001301-73 1986 GB6451-86 1995 GB/T6451-95 1999 GB/T6451-99 2006 GB20052-2006 2008 GB/T 6451-2008 GB/T10228-2008 GB/T 22072-2008 2009 GB 20052 2009 2010 GB/T 25446-2010 GB/T 25438-2010 JB/T3837-2010 2013 GB 20052 2013 2020 GB 20052-2020 18 2021 200 2021 8 股价 22EPS 23EPS 24EPS 23PE 24PE PB 评级 46.8 0.7 1.2 1.9 40 25 6.2 66.0 1.6 2.0 2.7 33 25 4.9 20.2 0.4 0.6 0.8 33 27 5.2 14.3 4.1 2.1 1.7 7 8 1.2 16.5 0.6 0.5 0.9 31 19 2.1 8.1 0.1 0.2 0.3 47 32 1.9 17.6 0.9 1.0 1.3 18 13 2.4 81.9 1.9 2.8 3.2 30 25 4.3 10.9 0.5 0.7 0.8 15 13 2.1 16.7 0.8-2.1 21.6 0.6 0.8 1.0 28 23 3.7 8.0 0.2 0.3-23-4.3 Wind Wind 1 2 3 1 23 2024.4.22 2 22 2023.11.26 3 21 2022.6.16 19 4 20 2022.5.26 5 19 2022.2.8 6 18 2021.12.15 7 17 2021.11.26 8 16 2021.11.17 9 15 2021.10.26 10 14 2021.9.9 11,2021.3.25 12,2021.3.2 20 6-12 A 300 500 20%5-20%5%5%
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