新能源行業(yè)2019年度策略春風又綠江南岸，明月何時照我還

1、目錄1風電：轉暖方向明確，靜待行業(yè)盈利改善風電：轉暖方向明確，靜待行業(yè)盈利改善.....................................................................................................................................................................................

2、.....................................................................................................51.11.1我國風電裝機量連續(xù)兩年下滑我國風電裝機量連續(xù)兩年下滑......................................................................................

3、............................................................................................................................................................................................................................

4、............51.21.2陸上風電轉暖比較明確陸上風電轉暖比較明確.....................................................................................................................................................................................

5、.....................................................................................................................................................................61.31.3海上風電帶來新增量海上風電帶來新增量..............................

6、............................................................................................................................................................................................................................

7、....................................................................................................101.41.4行業(yè)企業(yè)毛利率將有所改善行業(yè)企業(yè)毛利率將有所改善........................................................................................

8、............................................................................................................................................................................................................................

9、................101.51.5投資建議投資建議............................................................................................................................................................................................

10、................................................................................................................................................................................................................112光伏：政策吹暖風，

11、平價時代加快到來光伏：政策吹暖風，平價時代加快到來...................................................................................................................................................................................................

12、.............................................................................................112.12.1“531”“531”之后，產業(yè)制造環(huán)節(jié)價格雪崩，企業(yè)業(yè)績壓力驟增之后，產業(yè)制造環(huán)節(jié)價格雪崩，企業(yè)業(yè)績壓力驟增.................................................................

13、.......................................................................................................................................112.22.2中央關注光伏民營企業(yè)，中央關注光伏民營企業(yè)，“531531”一刀切環(huán)境或將改善一刀切環(huán)境或將改善.............................

14、...............................................................................................................................................................................................132.32.3光伏行業(yè)發(fā)展以整合為主，關注龍頭光伏行業(yè)發(fā)

15、展以整合為主，關注龍頭.................................................................................................................................................................................................................

16、.............................................................................152.42.4從技術革命的角度來看投資機會從技術革命的角度來看投資機會...........................................................................................................

17、.......................................................................................................................................................................................................182.52.5投資建議投資建議.....

18、............................................................................................................................................................................................................................

19、...........................................................................................................................................................................193動力電池：以量補價邏輯下的增長動力電池：以量補價邏輯下的增長................

20、............................................................................................................................................................................................................................

21、......................................................................193.13.1動力電池毛利率仍將承壓動力電池毛利率仍將承壓........................................................................................................................

22、....................................................................................................................................................................................................................193.23.2

23、乘用車系拉動增長主力乘用車系拉動增長主力主打乘用車動力電池獲成長機會主打乘用車動力電池獲成長機會............................................................................................................................................................................

24、................................203.33.3投資建議投資建議............................................................................................................................................................................

25、............................................................................................................................................................................................................................

26、....244高壓設備：政策激活電網建設新動力高壓設備：政策激活電網建設新動力.....................................................................................................................................................................................

27、...................................................................................................................254.14.1特高壓有望開啟新一特高壓有望開啟新一輪核準潮核準潮........................................................................

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29、......................254.24.2投資建議投資建議......................................................................................................................................................................................

30、......................................................................................................................................................................................................................30圖表圖表

31、4242特高壓直流換電站投資結構特高壓直流換電站投資結構................................................................................................................................................................................................

32、................................................................................................................................28圖表圖表43431414條線路帶來的設備投資量條線路帶來的設備投資量........................................................

33、............................................................................................................................................................................................................................

34、............................................29圖表圖表4444特高壓直流換流閥市場份額特高壓直流換流閥市場份額..............................................................................................................................................

35、..................................................................................................................................................................................29圖表圖表4545直流控制保護系統(tǒng)市場份額直流控制保護系統(tǒng)市場份額........

36、............................................................................................................................................................................................................................

37、............................................................................................29圖表圖表4646換流變市場份額換流變市場份額........................................................................................................

38、............................................................................................................................................................................................................................

39、..........................................29圖表圖表4747特高壓交流特高壓交流GISGIS市場份額市場份額................................................................................................................................................

40、........................................................................................................................................................................................29圖表圖表4848特高壓交流變壓器市場特高壓交流變壓器市場......

41、............................................................................................................................................................................................................................

42、................................................................................................................29圖表圖表4949特高壓交流電抗器市場特高壓交流電抗器市場..............................................................................

43、............................................................................................................................................................................................................................