资源描述
2009 1210 2023 07 09 2022 40%1 2022 2021 7 2022 3.0/147%2022 7.2/70%2 2023 6 35/2023 10/23 1 2 3 2023-2025 370/470/580GW 2023-2025 2538/3356/4169 2673/3461/4045 493/630/731GW 136/105/-124 25/19/-23GW 2023 1 2023 6 3.2mm/2.0mm 26.0/18.5/-9%/-16%2 2022 23.8%/23.3%-17pct/-12pct 11.8%-7.1pct 3 80%2023 26/1600/2.1/3.2mm 29%23Q1 10pct 4.9/23Q1 2.3/S0360522080001 S0360522100003%()36 0.00()16,554.70 1.78()12,918.92 1.81%1M 6M 12M 6.6%-18.8%-32.7%5.6%-15.3%-19.6%20230626-20230702 2023-07-02 20230619-20230623 5 2023-06-26 20230612-20230618 2023-06-19-40%-25%-11%3%22/07 22/09 22/11 23/02 23/04 23/072022-07-072023-07-07 300 2009 1210 1 23 2 3 4 1 2023 2 3 XVBYuNmRmPoPqOnOtOrOrQbR9R8OoMmMtRtQiNmMrOjMrQmMaQoOuNuOnNnPNZpMnQ 2009 1210 3.6.6.7.8.8 CR2.10.11.12.13 80%.13 2022.14.16.17.20+.20.22.24 2009 1210 4 1.6 2.6 3.6 4.7 5.8 6.8 7.8 8 2023 6 8.6/+56%.9 9 2023 1-6 1164+73%.9 10 2023 10/.9 11 39%.10 12 32%.10 13 2022 CR2 49%.11 14 2023 CR2 53%.11 15 2023/2024 10.4/12.8/.11 16 2023 370GW+54%.12 17 2022 294.7GW+59%.12 18.13 19.13 20 80%.14 21/.14 22 LNG/.15 23.15 24.16 25 3.2mm.16 26 3.2mm/.17 27.18 28 t/d.18 29 t/t.19 30 kWh/t/t.19 31 1200t/d t/t.19 32 23 6 24.20 2009 1210 5 33 1-2.20 34 2018-2022 CAGR 49.9%.20 35 2018-2022 CAGR 51.1%.20 36 2022 88%.21 37 2022 93%.21 38.21 39.21 40 2022 23.3%.22 41 2023 25400t/d.22 42 2018-2022 CAGR 27.9%.22 43 2018-2022 CAGR 19.7%.22 44 2022 86%.23 45 2022 68%.23 46.23 47.23 48 2022 23.8%.24 49 2023 26800t/d.24 2009 1210 6 1 0.2%91.5%80 250/2/3.2mm 2.0mm 3 2.8mm-3.2mm AR 93.8%2009 1210 7 2.0mm-2.5mm AR 94.0%3.2mm 38%0.2%2.0mm-3.2mm 94.3%0.5%2.0mm-2.5mm 2%76%4 CPIA 2022 40.4%2024 2009 1210 8 2.0mm CPIA 2022 2.0mm 39.7%3.2mm 59.3%1.6mm 2022 0.5%2.0mm 1.6mm 5 6 CPIA CPIA 2021 7 7 0%10%20%30%40%50%60%70%80%90%100%2022 2023 2024 2025 2027 2030 0%10%20%30%40%50%60%70%80%90%100%2022 2023 2024 2025 2027 20301.6mm 2.0mm 3.2mm 2009 1210 9 2022 2022 3.0/147%2022 7.2/70%2023 6 8.6/56%2022 1621 4.4/51%2022 240GW 37%8 2023 6 8.6/+56%9 2023 1-6 1164+73%2023 2022 3 2023 6 35/2027 2023 10/10 2023 10/2022/3-2023/6 23 1 2000t/d 0%10%20%30%40%50%60%70%80%0.01.02.03.04.05.06.07.08.09.02018 2019 2020 2021 2022 2023/06/0%10%20%30%40%50%60%70%80%0200400600800100012001400160018002018 2019 2020 2021 2022 2023/06 0200004000060000800001000001200001400002020 2021 2022 2023 2024 2025 2026 2027 2009 1210 10 2000t/d 2022 8 2022 12 2023 5 2022 2 2023 5 9.7/3.8/39%/2.1/1.7/21%/18%3.1/32%6.0/62%11 39%12 32%CR2 CR2 2022 19800t/d 19400t/d 25%24%CR2 49%2023 2.4 t/d 53%39%21%18%17%5%62%32%5%2%2009 1210 11 13 2022 CR2 49%14 2023 CR2 53%2023/2024 2.4/2.4/2022 2023/2024 2023 2024 15 2023/2024 10.4/12.8/2023 370GW+54%2023 5 1-5 2023/160/75/35/15/15GW 83%/67%/40%/7%/42%370GW 54%24.7%24.2%51.0%28.6%24.5%46.8%020,00040,00060,00080,000100,000120,000140,0002022 2023Q1 2023Q2 2023Q3E 2023Q4E 2024Q1E 2024Q2E 2024Q3E 2024Q4E t/d t/d 2009 1210 12 16 2023 370GW+54%CPIA SPE EIA CEA ABSolar CPIA 2022 294.7GW 59%2023 17 2022 294.7GW+59%CPIA 1 2023/2024/2025 370/470/580GW 54%/27%/23%2 23-25 2.4/2.4/4.0/3 2023/2024/2025 52%/57%/60%4 210W 1GW 3.2mm/2.0mm 587/1218 4.7/6.1 2023/2673/2538 493/468GW 136/25GW 5%2023 0%10%20%30%40%50%60%01002003004005006007002021 2022 2023E 2024E 2025E 0%10%20%30%40%50%60%70%0501001502002503003502017 2018 2019 2020 2021 2022 GW 2009 1210 13 18 IEA 80%2022 2023 6 3.2mm/2.0mm 26.0/18.5/-9%/-16%19 0.05.010.015.020.025.030.035.040.045.03.2mm/2.0mm/2009 1210 14 80%40%5%15%48%/25%72%/28%20 80%2022 2022 2023 iFinD 2023 6 1876/-34%-16%3994/-39%-4%2023 2022 2023 2021 21/iFinD 40%5%15%19%10%2%5%1%3%40%05001000150020002500300035004000/2009 1210 15 2022 2023 22 LNG/iFinD 2022 10%2022 23.8%/23.3%-17pct/-12pct 11.8%-7.1pct 23 2018H2 2019H2 2022 2023 0100020003000400050006000700080009000/LNG/-10%0%10%20%30%40%50%60%2018H1 2018H2 2019H1 2019H2 2020H1 2020H2 2021H1 2021H2 2022H1 2022H2 2009 1210 16 24 2023Q1 3.2mm 26.1/2.70/2200/3.2mm 19.4%2022 1600/2.1/29.0%23Q1 10pct 200/1.4pct 0.3/2.8pct 25 3.2mm/1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3200/1.20 40.1%38.7%37.3%35.9%34.5%33.1%31.8%30.4%29.0%27.6%26.2%1.50 37.3%35.9%34.5%33.2%31.8%30.4%29.0%27.6%26.2%24.8%23.5%1.80 34.6%33.2%31.8%30.4%29.0%27.6%26.2%24.9%23.5%22.1%20.7%2.10 31.8%30.4%29.0%27.7%26.3%24.9%23.5%22.1%20.7%19.3%17.9%2.40 29.1%27.7%26.3%24.9%23.5%22.1%20.7%19.4%18.0%16.6%15.2%2.70 26.3%24.9%23.5%22.1%20.8%19.4%18.0%16.6%15.2%13.8%12.4%3.00 23.5%22.2%20.8%19.4%18.0%16.6%15.2%13.8%12.5%11.1%9.7%3.30 20.8%19.4%18.0%16.6%15.2%13.9%12.5%11.1%9.7%8.3%6.9%3.60 18.0%16.6%15.3%13.9%12.5%11.1%9.7%8.3%6.9%5.6%4.2%3.90 15.3%13.9%12.5%11.1%9.7%8.3%7.0%5.6%4.2%2.8%1.4%4.20 12.5%11.1%9.8%8.4%7.0%5.6%4.2%2.8%1.4%0.0%-1.3%2023Q1 3.2mm 26.1/2.70/2200/8%3.2mm 2.6/-500050010001500200025002018/012018/032018/052018/072018/092018/112019/012019/032019/052019/072019/092019/112020/012020/032020/052020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092022/112023/012023/032023/05/2009 1210 17 2022 1600/2.1/4.9/23Q1 2.3/200/0.3/0.3/0.6/26 3.2mm/1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3200/1.20 7.4 7.1 6.8 6.4 6.1 5.8 5.5 5.2 4.8 4.5 4.2 1.50 6.8 6.4 6.1 5.8 5.5 5.2 4.8 4.5 4.2 3.9 3.6 1.80 6.1 5.8 5.5 5.2 4.9 4.5 4.2 3.9 3.6 3.3 2.9 2.10 5.5 5.2 4.9 4.5 4.2 3.9 3.6 3.3 2.9 2.6 2.3 2.40 4.9 4.5 4.2 3.9 3.6 3.3 2.9 2.6 2.3 2.0 1.7 2.70 4.2 3.9 3.6 3.3 2.9 2.6 2.3 2.0 1.7 1.3 1.0 3.00 3.6 3.3 2.9 2.6 2.3 2.0 1.7 1.3 1.0 0.7 0.4 3.30 3.0 2.6 2.3 2.0 1.7 1.4 1.0 0.7 0.4 0.1-0.2 3.60 2.3 2.0 1.7 1.4 1.0 0.7 0.4 0.1-0.2-0.6-0.9 3.90 1.7 1.4 1.0 0.7 0.4 0.1-0.2-0.6-0.9-1.2-1.5 4.20 1.0 0.7 0.4 0.1-0.2-0.6-0.9-1.2-1.5-1.8-2.2 1 2 3 Know-How 2009 1210 18 27 2021 1200t/d 1600t/d 28 t/d 1200t/d 900t/d 1200t/d 900t/d/15%/12%72%/25%020040060080010001200 t/d 2009 1210 19 29 t/t 30 kWh/t/t Know-How 1200t/d 0.6339t/t 31 1200t/d t/t 6 123.3 24 1-2 0.0000.1000.2000.3000.4000.5000.6000.7000.800 900t/d 1200t/d 0100200300400500600700(kWh/t)(/t)900t/d 1200t/d 0.0000.1000.2000.3000.4000.5000.6000.7000.8000.900 1200t/d 1200t/d 1200t/d 1200t/d 2009 1210 20 32 23 6 24 33 1-2 75%=/75%/*30 1 2+1998 2022 2022 154.6 77.4%21.2 0.1%2018-2022 CAGR 49.9%2018-2022 CAGR 51.1%34 2018-2022 CAGR 49.9%35 2018-2022 CAGR 51.1%iFinD iFinD 0510152025300204060801001201402018/012018/042018/072018/102019/012019/042019/072019/102020/012020/042020/072020/102021/012021/042021/072021/102022/012022/042022/072022/102023/012023/04 0510152025303540452018/012018/042018/072018/102019/012019/042019/072019/102020/012020/042020/072020/102021/012021/042021/072021/102022/012022/042022/072022/102023/012023/04 3.2mm/0%10%20%30%40%50%60%70%80%90%0204060801001201401601802018 2019 2020 2021 2022 2023Q1 YoY-20%0%20%40%60%80%100%120%140%05101520252018 2019 2020 2021 2022 2023Q1 YoY 2009 1210 21 2018 68%2022 88%20pct 2018 70%2022 93%24pct 36 2022 88%37 2022 93%iFinD iFinD 2022 22.1%/13.7%-13.4pct/-10.6pct 2023Q1 18.5%/9.5%-3.0pct/-2.9pct 38 39 iFinD iFinD 2023 20600t/d 4*1200t/d 2023 25400t/d+8*1600t/d 2022 0%10%20%30%40%50%60%70%80%90%100%2018 2019 2020 2021 2022-20%0%20%40%60%80%100%2018 2019 2020 2021 2022 0%5%10%15%20%25%30%35%40%45%50%2015 2016 2017 2018 2019 2020 2021 2022 2023Q1 0%2%4%6%8%10%12%14%16%2018 2019 2020 2021 2022 2023Q1 2009 1210 22 40 2022 23.3%41 2023 25400t/d iFinD 2011 2013 2022 2022 205.4 27.9%38.2 22.4%2018-2022 CAGR 27.9%2018-2022 CAGR 19.7%42 2018-2022 CAGR 27.9%43 2018-2022 CAGR 19.7%iFinD iFinD 2022 86%2018 73%2022 86%13pct 2018 49%2022 68%19pct-30%-20%-10%0%10%20%30%40%50%60%70%2018 2019 2020 2021 2022 0%10%20%30%40%50%60%70%80%90%100%0500010000150002000025000300002020 2021 2022 2023E t/d-30%-20%-10%0%10%20%30%40%0501001502002502018 2019 2020 2021 2022 YoY-40%-20%0%20%40%60%80%100%01020304050602018 2019 2020 2021 2022 YoY 2009 1210 23 44 2022 86%45 2022 68%iFinD iFinD 2022 2022 30.0%/21.2%-17.0pct/-13.6pct 2022 1.26%-1.92pct 46 47 iFinD iFinD 2022 19800t/d 2023 1 1000t/d 21800t/d 2023 7x1000t/d 2023 26800t/d 0%10%20%30%40%50%60%70%80%90%100%2018 2019 2020 2021 2022-20%0%20%40%60%80%100%2018 2019 2020 2021 2022 0%10%20%30%40%50%60%2018 2019 2020 2021 2022-1%0%1%2%3%4%5%6%7%8%2018 2019 2020 2021 2022 2009 1210 24 48 2022 23.8%49 2023 26800t/d iFinD 0%10%20%30%40%50%60%70%80%90%2018 2019 2020 2021 2022 0%5%10%15%20%25%30%35%40%45%50%0500010000150002000025000300002020 2021 2022 2023E t/d 2009 1210 25/2022 5 2 2022 2022 2 2022 1 2 2022 2022 2022 2009 1210 26 010-63214682 010-63214682 010-63214682 010-63214682 010-63214682 010-66500808 010-66500821 010-63214682 0755-82828570 0755-83715428 0755-82756804 0755-82871425 0755-83024576 0755-82871425 021-20572536 021-20572555 021-20572257-2552 021-20572506 021-20572585 021-20572509 021-20572548 021-20572573 0755-82756805 021-20572559 021-20572559 0755-82756805 021-20572559 玙 021-25072549 2009 1210 27 A 300 500/6 20%6 10%20%6-10%10%6 10%20%3-6 5%3-6-5%5%3-6 5%26 C 3A 1061 A 19 33 12 100033 518034 200120 010-66500801 0755-82027731 021-20572500 010-66500900 0755-82828562 021-20572522
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