横店东磁：光伏抢装潮下股价上涨 2.71%

Core Insights - The recent surge in prices within the photovoltaic (PV) industry is closely linked to a "rush to install" driven by policy incentives [1] - The demand for PV products has significantly increased due to favorable government regulations, leading to a tight supply of components [1] - The average stock price of 102 companies in the PV industry has risen by 2.71% this year, slightly outperforming the market [1] Price Trends - Silicon wafer prices have risen due to strong demand from distributed energy sources, with battery cell prices increasing for five consecutive weeks [1] - Prices for distributed TOPCon components have reached new highs, ranging from 0.757 to 0.767 yuan per watt [1] - The price of photovoltaic glass has also increased, driven by higher operational rates of components [1] Market Dynamics - A peak in demand is expected in March and April, with the second quarter likely to see a rise in prices across the industry chain [1] - Companies are rushing to install projects before the April 30 deadline to benefit from high subsidy rates [1] - Major manufacturers have reported increased demand and operational rates, with raw material price hikes already reflected in their costs [1] Company Performance - Hengwang Electric has seen a stock price increase of 57.52% this year, leading the sector [1] - Companies like Kehua Data, Delixi Shares, and Jinbo Shares have also experienced stock price increases exceeding 30% [1] - Some companies, such as King Kong Photovoltaics and Oujing Technology, have seen stock price declines of over 50% from their 2024 highs [1] Financial Outlook - For 2024, nine companies are expected to perform well, with Deyue Shares projecting a net profit of approximately 2.9 to 3.1 billion yuan, a year-on-year increase of 61.92% to 73.09% [1] - Laplace has the highest stock price correction, down 54.96% from its 2024 peak, but is expected to report a total revenue of 5.738 billion yuan, a year-on-year increase of 93.44% [1]