Global Market Outlook For Solar Power 2024-2028 www.solarpowereurope.orgSupported by: FOCUS ON CHINA JinK O The biggest PV project in Europe* Witznitz Energy Park Project * Status May 2024 WW South of Leipzig, Germany Foreword Welcome to the Global Market Outlook for Solar Power 2024-2028. For an established sector like solar, approaching double growth in one year was simply not part of any analyst's script. But it happened in 2023. The world deployed 447 GW of new solar PV capacity last year; an incredible ...

证券研究报告·A 股公司简评 通信 AI 需求强劲,高速光器件产 品持续受益 核心观点 公司预计 2024 上半年实现归母净利润 6.30-6.77 亿元,同比增长 167%-187%,中值为 6.54 亿元,同比增长 177%。得益于人工智 能的快速发展,算力需求爆发式增长,全球数据中心建设节奏加 快,对于高速光器件的需求也保持快速增长。公司 800G 高速光 器件产品具备较强的竞争力,与海外科技巨头公司保持深度绑 定,随着 1.6T 光引擎的需求逐步释放,公司业绩有望进一步提 升。同时在 CPO 等前沿领域,光器件的应用场景将从光模块拓展 至芯片间互联,比如 Optical I/O 产品,市场空间广阔,公司布局 光互连产品多年,有望核心受益。 事件 公司发布 2024 年中报预告,预计 2024 上半年实现归母净利润 6.30-6.77 亿元,同比增长 167%-187%;实现扣非归母净利润 6. 17- 6.64 亿元,同比增长 173.56%-194.48%。 简评 1、业绩持续高增,高速率产品需求受益于 AI快速发展。 公司预计 2024 上半年实现归母净利润 6.30-6.77 亿元,同比增长 1 ...

[Table_InvestInfo] 股票数据 [Table_QuoteInfo] -48.79% -38.79% -28.79% -18.79% -8.79% 1.21% 2023/7 2023/10 2024/1 2024/4 国投智能 海通综指 62454 | --- | |---------------------------| | | | 分析师 : 杨林 | | Tel:(021)23183969 | | Email:yl11036@haitong.com | | 证书 :S0850517080008 | | 分析师 : 杨蒙 | | Tel:(021)23185700 | | Email:ym13254@haitong.com | | 证书 :S0850523090001 | | 分析师 : 魏宗 | | Tel:021-23180000 | | Email:wz16146@haitong.com | | 证书 :S0850524040003 | | 联系人 : 朱瑶 | | Tel:(021)23187261 | | Email:zy15988@haitong.com | [Table_Mai ...

邮箱：zhangyi@cnht.com.cn 中国新能源龙头企业中东产能布局有望一石二鸟 2024 年 7 月 22 日星期一 证券研究报告 座机：010-83270999-97050 5、板块市场表现 6、产业要闻 风光储板块 24 年 PE 水平普遍处于个位数至十出头的水平，纵向比较处于板块历史底部，横向比 较来看明显低于国际龙头，也明显低于 A 股其他成长板块，板块估值存较大的提升空间。 2 （1）本周阳光电源官网公布了沙特 7.8GWh 的储能系统超级大单，另外 7-17 三家中国新能源企 业同步宣布赴沙特建厂，包括晶科能源 10GW 高效电池与组件项目（项目总投资额约 9.85 亿美元，持 股 40%，并表）、TCL 中环 20GW 光伏硅片项目（项目总投资 20.8 亿美元，持股 40%）、远景科技的风 机及关键零部件项目（最大股东），大幅提升了市场对中东可再生能源市场的关注度；（2）沙特可 再生能源规划目标宏伟：为实现沙特的能源转型、经济结构多元化和现代化，沙特宣布（23-12 更新） 以每年新增 20GW 的速度发展可再生能源，实现 2030 年之前 130GW 的装机规模，出口高达 150G ...

证券研究报告·A 股公司简评 通信设备 受益于 AI 算力高景气度,业 绩持续高增 核心观点 公司预计上半年归母净利润 8.1 亿元-9.5 亿元,同比增长 181%- 229%;按照预告中值,公司 24H1 归母净利润为 8.8 亿元,同比 增长 205%,环比增长 120%。AI 行业发展快速,景气度较高,对 网络硬件性能要求较高,网络带宽能够有效提升数据传输效率, 从而显著提升算力集群的算力水平,因此 400G/800G/1. 6T 等高 速率光模块的需求保持强劲。公司作为全球高速光模块行业的头 部厂商,与海外科技巨头客户保持深度绑定,同时不断开拓新客 户,海外产能布局进展顺利。公司 800G 和 1.6T 等高速率产品进 展顺利,有望获取更多的市场份额,业绩实现快速增长。 事件 公司发布 2024 半年度业绩预告,2024 上半年,公司预计实现归 母净利润 21.5-25 亿元,同比+250.3%-307.33%,预计实现扣非后 的归母净利润 21-24.5 亿元,同比+260.13%-320.15%。 简评 1、业绩增速较快,客户侧开拓不断突破,海外产能布局顺利。 公司发布 2024 中报预告,预计 ...

歌尔股份20240721_原文 2024年07月22日 00:04 发言人 00:00 邀请大家来参加我们本次关于苹果AI系列的第七天的汇报。这次的主题话跟跟大家汇报一下高尔股份的 一个观点。我们这次的话其实这个前提是在于说,我们第一个看到这个公司的业绩实现了季度性的比较 超预期的一个表现。跟历史的一个相对不错的盈利能力也是比较接近了。 发言人 00:24 第二个的话就是在于这个AI方向上面。我们知道像大语言模型的话,其实对于音频技术的一个要求也是 比较高的,公司在这块的建设也是颇深。其次的话就是公司自己的也这个技术能力上面,也在从语音开 始去往上光学这些期间去走。所以公司在下一代的这种AI交互设备的载体,比如说像AR这个方向上也有 很多的一个积累。所以我们能看到AI技术技术的一个发展,不管是在现有代替,比如说智能手机,还是 说像AI这些产品上面,公司未来都会有比较大的机遇去受益于这样的一个趋势。借由这样的一个机会的 话,我们邀请大家来聆听我们这场关于高尔的这样的一个深度的汇报。主要的话时间交给我们的电子分 析师金玲老师,来去做一个深度的讲解。 发言人 01:29 好的,各位领导晚上好,我是书安电子的精灵。然 ...

公司报告 | 首次覆盖报告 1、工控：工控领域发展自主品牌，盈利能力有望进一步提升 2、AI：公司具备 AI 设备核心技术，有望充分受益于 AI 浪潮 硬件端，AI PC 快速发展，公司和英特尔深厚的合作基础，有望让公司在英 特尔推进 AI PC 的过程中继续保持深度合作，受益于 AI PC 的发展进程。超 微电脑作为海外 AI 硬件龙头，充分受益于 AI 浪潮。公司产品矩阵和超微 电脑接近，有望对标超微电脑在 AI 浪潮下迎来新一轮增长。 风险提示：AI 服务器需求不及预期的风险；开源鸿蒙 PC 落地不及预期的 风险；工业物联网发展不及预期的风险；行业竞争加剧的风险；预测假设 具有一定主观性；该标的近期股价波动较大。 公司是国内领先的智联网硬件产品及解决方案提供商，商业模式不断迭 代。公司的商业模式逐渐迭代，从 ODM 模式变成以生产工业物联网产品 为代表的自主品牌产品，公司产品核心竞争力持续提升。 我们判断，智微智能工控业务向自主品牌发展，有望受益于国内和全球的 工业智能化进程，走上和全球工控龙头企业研华科技类似的高速增长道路。 软件端，AIGC 发展迅速，催生 AI 服务器需求增加。美国政府限制 AI ...

| 国银河证券 | CGS 《二十届三中全会公报》对 A 股市场投资的战略指导 分析师:杨超 研究助理:王雪莹、周美丽 www.chinastock.com.cn 证券研究报告 诸务必阅读正文最后的中国银河证券股份有限公司免费声明 策略研究 · 专题报告 《二十届三中全会公报》对 A 股市场投资的战略指导 核心观点: 《二十届三中全会公报》主要内容:二十届三中全会于 2024 年 7 月 15 日 o 至 18 日召开,审议通过了《中共中央关于进一步全面深化改革、推进中国式 现代化的决定》。(1)关于目标:全会指出,进一步全面深化改革的总目标 是继续完善和发展中国特色社会主义制度,推进国家治理体系和治理能力现 代化。到二○三五年,全面建成高水平社会主义市场经济体制,中国特色社会 主义制度更加完善,基本实现国家治理体系和治理能力现代化,基本实现社会 主义现代化,为到本世纪中叶金面建成社会主义现代化强国奠定坚实基础。到 二○二九年中华人民共和国成立八十周年时,完成本决定提出的改革任务。 (2)对进一步全面深化改革的系统部署:强调构建高水平社会主义市场经济 体制,健全推动经济高质量发展体制机制,构建支持全面创新体制 ...

Financial Data and Key Indicators Changes - The global photovoltaic (PV) installed capacity is expected to reach 490GW in 2024, representing a 21% year-on-year increase, with domestic demand projected to grow steadily [2][14] - The domestic market is anticipated to add 240GW in 2024, a year-on-year increase of 11%, while the first five months of 2024 saw a 29.3% increase in new installations [14][16] Business Line Data and Key Indicators Changes - The silicon material sector is expected to produce over 2 million tons in 2024, with prices dropping to 35,000-40,000 RMB per ton, indicating a significant decline in profitability [2] - The inverter market is benefiting from the rise in energy storage and overseas markets, with a notable increase in demand from emerging markets [2][16] Market Data and Key Indicators Changes - In the first quarter of 2024, ground-mounted installations accounted for 47.9% of new capacity, with significant contributions from commercial and residential sectors [9] - The average bidding price for components has dropped below 0.9 RMB/W, with N-type and bifacial modules gaining market share [8][9] Company Strategy and Development Direction and Industry Competition - The industry is entering a phase of supply clearing, with overcapacity in the main supply chain leading to pressure on profitability, particularly in the silicon wafer and module manufacturing sectors [2][4] - The company is focusing on new technologies such as N-type cells and perovskite materials to enhance efficiency and reduce costs, with expectations for significant advancements in the coming years [2][4] Management's Comments on Operating Environment and Future Outlook - Management noted that the high growth phase for PV demand has passed, and the industry is now entering a period of stable growth, with supply-demand balance expected to improve [6][14] - The management expressed concerns about potential policy changes and competition intensifying, which could impact future growth [2][4] Other Important Information - The company highlighted the importance of technological innovation in maintaining competitive advantages, particularly in the inverter and auxiliary materials sectors [2][4] - Risks include intensified competition, grid absorption issues, and unexpected changes in PV policies that could affect new installation volumes [2][4] Q&A Session Summary Question: What are the expectations for the domestic PV market in 2024? - The domestic market is expected to add 240GW in 2024, with a steady growth trajectory despite potential short-term bottlenecks due to grid absorption issues [14] Question: How is the company addressing the challenges in the silicon material sector? - The company is monitoring the price trends closely and is prepared to adjust production levels in response to market conditions to mitigate profitability pressures [2] Question: What are the key technological advancements the company is focusing on? - The company is investing in N-type cell technology and perovskite materials, which are expected to enhance efficiency and reduce costs significantly in the near future [2][4]

Financial Data and Key Indicators Changes - The overall market size of China's automotive travel industry is projected to grow steadily, with an estimated market size of 8.54 trillion yuan in 2023, increasing to 9.30 trillion yuan by 2030 [11] - The penetration rate of shared travel is expected to rise from 5.3% in 2023 to 6.0% by 2030, indicating a growing trend towards shared mobility solutions [11] Business Line Data and Key Indicators Changes - The B-end shared travel market size is forecasted to reach 4.56 trillion yuan in 2025, with a year-on-year growth rate of 5% [11] - The Robotaxi market size is expected to grow significantly, with projections of 0.5 billion yuan in 2026 and reaching 4161 billion yuan by 2030, capturing a substantial share of the shared travel market [11] Market Data and Key Indicators Changes - The number of registered ride-hailing drivers in China increased from 4.07 million in March 2022 to 7.03 million by May 2024, reflecting a strong demand for shared mobility services [8] - The private car ownership is projected to peak by 2028, with the Robotaxi market expected to replace a significant portion of this segment [10] Company Strategy and Development Direction and Industry Competition - The industry is witnessing a shift towards AI-driven smart transformation, with Robotaxi emerging as a preferred direction for commercialization [3] - Companies like Tesla are positioned as leaders in the Robotaxi space, leveraging self-developed driving software and hardware solutions to create a positive cycle of technology, traffic, and profitability [2] Management's Comments on Operating Environment and Future Outlook - The management emphasizes that the combination of policy support, technological advancements, and operational improvements will drive the scalability of Robotaxi services, with 2026 anticipated as a pivotal year for mass production [2] - The management also highlighted the importance of reducing operational costs and improving efficiency through the deployment of Robotaxi services [45] Other Important Information - The Robotaxi industry is supported by various government policies aimed at promoting smart transportation and the integration of vehicle-road-cloud systems [12] - The competitive landscape includes major players like Baidu and various OEMs, all vying for market share in the burgeoning Robotaxi sector [30] Q&A Session Summary Question: What are the key drivers for the growth of the Robotaxi market? - The growth is primarily driven by policy support, technological advancements in autonomous driving, and the operational efficiency of Robotaxi services [2][3] Question: How does the company view the competition in the Robotaxi space? - The company acknowledges the competitive landscape but believes that its technological edge and strategic partnerships will position it favorably against competitors [30] Question: What are the anticipated challenges for Robotaxi deployment? - Key challenges include regulatory hurdles, the need for a standardized approval process, and the establishment of clear liability frameworks for autonomous vehicles [48]