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-1- 2018 09 06 021-68865582 kaiwenmingxsdzq.cn S0280517100002 010-83561326 liyuanshanxsdzq.cn S0280116100017  2018 24.31GW 12.24GW 72 823.9 59 3.6 3.2 2018 610.69 15.54 2017 41.53 76.42 531 6 27 56.75 48 38 29  2018 9 3 MIP 2018 8 30  2018 7.94GW 32.1 1-6 1917 28.7 2018 507.23 8.54 2017 42 25.9 12.18 33.88  2018 182 53 8.67 16 2018 1143 16.16 2018 1-6 10 2020 5GW 10GW   2018-09-04 MIP 2018-09-02 1-7 9.46GW 2018-08-26 7 3.34GWh IPO 2018-08-18 14 GW 2018-08-12 -35 -28 -21 -14 -7 0 7 14 2017/09 2017/12 2018/03 2018/06 2018/09 电气设备 沪深300 每日免费获取报告 1 、每日微信群内分享5 最新重磅报告; 2 、每日分享当日 华尔街日报、金融时报; 3 、每周分享 经济学人 4 、每月汇总500 份当月重磅报告 (增值服务) 关注公号 回复 加入“起点财经”微信群。 2018-09-06 -2- 1 、 . 3 1.1 、 4 1.2 、 5 1.3 、 5 1.4 、 “ ” 10 1.5 、 . 10 2 、 . 11 2.1 、 13 2.2 、 . 13 1 2014-2018 3 2 2017 3 -2018 8 . 4 3 2017 3 -2018 8 . 4 4 2017 3 -2018 8 . 4 5 2017 3 -2018 8 . 4 6 12 7 12 8 12 9 12 10 12 11 12 12 13 13 13 14 MW . 13 1 2018H1 2018Q2 . 3 2 5 3 6 4 6 5 7 6 8 7 9 8 9 9 PERC 10 10 2018 . 11 2018-09-06 -3- 1 、 531 2018 24.31GW 12.24GW 72 823.9 59; 3.6 3.2 30.4 7.1 22 6 5 5 3 1 2014-2018 2018 610.69 15.54 2017 41.53 76.42 2018Q2 361.97 1.9 24.24 36.53 1 2018H1 2018Q2 2018H1 2018Q2 Yoy Yoy Yoy Yoy 300111.SZ 3.81 -48.07 -1.94 -2,068.46 1.89 -65.09 -1.55 -535.40 600401.SH *ST 5.82 -66.25 -5.97 -19.11 2.90 -69.97 -4.02 -84.72 300118.SZ 47.47 -17.85 1.23 -55.16 26.66 -35.38 0.42 -78.38 300700.SZ 2.07 26.73 0.48 30.31 0.64 -42.09 0.09 -65.70 603595.SH 5.36 130.07 1.00 116.07 2.41 74.57 0.13 -56.73 300393.SZ 12.12 -22.90 0.66 -56.87 7.57 -13.65 0.44 -45.56 600537.SH 15.58 -34.87 0.17 -42.00 11.15 -30.72 0.12 -41.48 300274.SZ 38.95 10.00 3.83 3.75 21.90 -4.55 1.80 -24.91 002516.SZ 9.00 -17.58 1.49 -12.86 4.80 -13.70 0.78 -21.97 603806.SH 21.89 -2.97 2.25 -10.04 11.29 -9.96 1.23 -17.65 002218.SZ 4.84 -41.59 0.53 -38.96 3.04 -39.39 0.47 -15.01 601012.SH 100.02 59.36 13.07 5.73 65.32 81.99 7.64 -4.12 8.58 13.74 29.85 33.62 12.06 2.57 1.49 4.16 19.44 12.24 0 10 20 30 40 50 60 2014 2015 2016 2017 2018H1 集中式新增装机量(GW ) 分布式新增装机量(GW ) 2018-09-06 -4- 601908.SH 12.02 58.32 3.32 82.34 6.53 19.78 1.76 -2.30 002129.SZ 64.61 53.24 3.00 9.49 36.59 43.07 1.75 3.34 002518.SZ 11.59 7.86 1.54 3.44 7.18 6.11 1.11 13.88 600438.SH 124.61 12.24 9.19 16.14 72.39 5.03 5.99 13.88 002506.SZ 60.83 -4.71 0.26 6.53 40.62 3.96 1.72 15.25 300554.SZ 2.18 145.44 0.66 241.14 0.80 61.30 0.13 25.33 002610.SZ 24.92 14.55 0.69 37.23 14.91 4.25 0.55 33.78 002056.SZ 30.56 11.60 3.22 45.20 16.58 10.07 2.17 36.38 300316.SZ 12.44 53.79 2.85 101.20 6.78 54.25 1.50 84.94 610.69 15.54 41.53 -76.42 361.97 1.90 24.24 -36.53 wind 1.1 、 2018H1 2 1 3 4 630 6 1 150 /kg 90 /kg 2.4 / 3.2 / 2-2.3 /W 2 2017 3 -2018 8 3 2017 3 -2018 8 Wind Wind 2017 2018 8 153 /kg 96 /kg 37.25 531 27 56.75 48 38 29 4 2017 3 -2018 8 5 2017 3 -2018 8 90 110 130 150 2017.04.07 2017.05.02 2017.06.02 2017.07.04 2017.08.01 2017.09.01 2017.10.10 2017.11.02 2017.12.01 2018.01.02 2018.02.01 2018.03.02 2018.04.03 2018.05.04 2018.06.01 2018.07.06 2018.08.31 多晶硅料(元/千克) 2 3 4 5 6 7 2017.04.07 2017.05.02 2017.06.02 2017.07.04 2017.08.01 2017.09.01 2017.10.10 2017.11.02 2017.12.01 2018.01.02 2018.02.01 2018.03.02 2018.04.03 2018.05.04 2018.06.01 2018.07.06 2018.08.31 单晶硅片(元/ 片) 多晶硅片(元/ 片) 2018-09-06 -5- Wind Wind 1.2 、 2018 1-6 14.3 24 ; 50GW 38.9; 39GW 21.9; 42GW 23.5 1-5 6 50 76.5 2018 6 52.7; 41 2017 31 32.3 2017 44GW 2018 60GW; 2017 90GW 2018 110GW 2018 3.2 / 1.1-1.15 1.3 、 5 2018 2018 10GW 5.31 2018 2019 2 2018H1 2017FY 2017H1 2016TY 2016H1 2015FY 2015H1 7328.93 44484.64 23407.43 43034.2 21359.73 31978.63 14446.7 4170.74 31013.28 15090.84 27310.19 14326.29 22046.01 10691.06 56.90 69.72 64.47 63.46 67.07 68.94 74.00 56,621.19 88,471.62 42,690.32 52,311.35 22,708.77 30,793.63 15,015.78 0.9 1.4 1.9 2017.04.07 2017.05.02 2017.06.02 2017.07.04 2017.08.01 2017.09.01 2017.10.10 2017.11.02 2017.12.01 2018.01.02 2018.02.01 2018.03.02 2018.04.03 2018.05.04 2018.06.01 2018.07.06 2018.08.31 单晶电池(元/ 瓦) 多晶电池(元/ 瓦) 1.8 2.3 2.8 3.3 2017.04.07 2017.05.02 2017.06.02 2017.07.04 2017.08.01 2017.09.01 2017.10.10 2017.11.02 2017.12.01 2018.01.02 2018.02.01 2018.03.02 2018.04.03 2018.05.04 2018.06.01 2018.07.06 2018.08.31 单晶组件(元/ 瓦) 多晶组件(元/ 瓦) 2018-09-06 -6- 2018H1 2017FY 2017H1 2016TY 2016H1 2015FY 2015H1 34,509.11 54,068.99 26,999.86 33,825.78 14,468.31 20,061.64 10,676.98 60.95 61.11 63.25 64.66 63.71 65.15 71.11 44,419.72 90,172.77 41,514.94 59,136.54 26,904.87 42,495.03 19,600.43 23,775.12 45,225.65 20,496.61 26,119.67 13,434.83 21,959.23 11,660.20 53.52 50.15 49.37 44.17 49.93 51.67 59.49 16,871.29 24,871.52 11,004.57 20,312.60 12,494.60 10,166.07 4,716.12 11,162.68 15,610.57 6,835.90 12,616.32 6,976.66 5,826.33 3,184.02 66.16 62.76 62.12 62.11 55.84 57.31 67.51 44,721.38 7,739.95 5,904.25 864.74 576.75 575.09 31,998.44 5,549.58 3,891.67 213.69 383.16 381.89 71.55 71.70 65.91 24.71 66.43 66.41 14,313.47 20,459.05 10,277.00 16,300.83 7,896.38 2,410.78 9,175.33 12,844.39 6,846.22 10,053.27 4,786.31 1,582.79 64.10 62.78 66.62 61.67 60.61 65.65 5,931.75 11,746.07 5,811.58 10,052.28 5,301.86 3,054.61 490.48 3,884.46 7,915.08 4,060.01 6,542.07 3,616.80 1,553.14 280.52 65.49 67.38 69.86 65.08 68.22 50.85 57.19 145,486.35 324,927.05 142,445.79 207,052.05 97,530.95 121,475.50 54,844.60 86,677.44 198,676.40 85,879.02 120,358.97 57,822.89 73,412.30 36,874.67 61.19 63.64 63.91 61.01 55.73 60.86 65.95 wind 531 2018H1 EPC 60 2017 H1 3 2018H1 2017FY 2017H1 2016TY 2016H1 322,794.38 20
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