界面新闻记者 | 陈慧东

12yue10ri，guangfushebeibankuaizhangfuyiduchao3%，jiezhishoupangaibankuaizhishuzhang0.21%，chengjiao266.65yiyuan。bankuaigeguzhong，zhangfuzuidadeqian5geguweihuamingufen（300345.sz）zhang6.56%，bao6.98yuan/gu；jinbogufen（688598.sh）zhang6%，bao26.49yuan/gu；yamadun（002623.sz）zhang3.62%，bao18.6yuan/gu；tianyangxincai（603330.sh）zhang3.23%，bao7.66yuan/gu；luxiaokeji（002617.sz）zhang2.92%，bao7.04yuan/gu。

xiangguanetffangmian，guangfuetf（159857）zhang0.15%；guangfuetfpingan（516180）zhang0.15%；guangfuetfyifangda（562970）shangzhang0.33%。

riqianguangfuxingyezhaokaihuiyishangtaokongchanshiyi，zheishiziguangfuxingyejieshugaozengsushiqihou，xingyeshoucijiangzhengtijinxingshizhixingde“zilv”jucuo。liuchuanchushengchanpeieshujudeqiyehangaiguiliaolongtoutongweigufen（600438.sh）、xiexinkeji（03800.hk），guipian、dianchilongtoutclzhonghuan（002129.sz）、longjilvneng（601012.sh）dengzainei。jushichangliuchuandexianchanshuju，guiliao、guipianxianchanbiliyue30%，dianchixianchanjiangda50%。

ciwai，guangfujutoutclzhonghuan49yiyuanmuzijihuaturanxuanbuzhongzhi，yekekuijianzaixingyeshendudiaozhengqi，qiyemianlindejingzhengyalirengzaijiaju。

tclzhonghuanyu2023nian4yuequedingchouhuafaxingkezhuanzhai，bingyu2023nian5yuehuoshenjiaosuoshouli。bishi，tclzhonghuanbiaoshi，jinnianlai，woguoxinzengguangfuzhuangjirongliangzaichuangxingao，yuji2023nianzhi2030niandemeinianguangfuxinzengzhuangjiliangguimoda95gwzhi140gw。gongsizuichunitongguokezhuanzhaimuzibuchaoguo138yiyuan，tourudanjingguipianjitopcondianchixiangmu。

congshangshukezhuanzhaixiangmufabuzhichuzhijinlishiyinianban，jianzhengleguangfuxingyejingqidudeyiluzoudi。jinnian5yue，gongsijiangbuchaoguo138yiyuandekezhuanzhaifaxingzongediaozhengzhibuchaoguo49yiyuan，mutouxiangmuguimojijineyetongbujinxingxiadiao。11yue29rigonggaoxianshi，gongsizhongzhicicikezhuanzhaifaxingjihuabingchehuixiangguanshenqingwenjian。

youjigourenwei，dangqianzhengcebuduanxihuaduiguangfuqiyedechannengjijiagezhiyin，jiangjiakuaixingyeguaidiandedaolai。

• 海通证券研报认为，当前政策对光伏行业无论是产能还是价格都给出了明确的指引和措施，产业出清、摆脱行业低价恶性竞争已是大势所趋，价格后面上涨可期，建议重视光伏底部拐点带来的巨大弹性。
• 平安证券研报指出，2025年A股市场将重点定价风险的缓释，成长风格具有更大弹性。具体来看，市场结构性的投资机会在增加。其中，制造成长，即具有全球竞争力且产业格局有望边际改善的先进制造板块，包括电力设备（光伏、锂电等）、新能源汽车等。

danyeyouyeneirenshiquexiangjiemianxinwenjizhezhiyan，jinqixingyefangmiangexiangjucuopinchu，danmuqianshichangduanjiagewentijizhizaoduandechannengwentidejiejuerengxuyiduanshijianhuaxing。

gulidongshixianyijiaqingjienengyuanqiyegaoceng，qisuozaideqiyexucaigouguangfuzujian，gulidonggaosujiemianxinwenjizhe，“muqianguangfuqiyemianlindechulechannengguosheng，haiyouyanzhongdekucunwenti，gaokucunyiweizheqiyeyaochengdandaedeyinxinglixi，zijinlianyidanduanlieduiqiyelaishuoshuyusiwangweixie。ruciguangfuqiyezhinengxuanzexianghuqingyadajiagezhan，fouzewufacunhuo。tongguoshichangxingweihaixuyaohuaxingyiduanshijian，cainenggaibianxingyemianlindewenti。”

gulidongbiaoshi，“guangfuxingyeguoquliangnianlaiwuxukuochandaozhichannengjijuguosheng，zheigeguochengfashengdetaikuai。”“2023niannianchuwomengongsizhizuo100zhaowadeyigexiangmu，dangshizujianshichangjiahaizai1kuai8zuoyou，laidezujianshangjichudediyilunbaojiahaiheshichangjiawenhe，danzaidierlunhedisanlunbaojiajiuyuejiangyuedi，keyishuozhiyaonijiqian，kuibenyeyaomai，zheiyangtamencaikeyiquhaibenfuxi。jieguozheigexiangmudeshijichengjiaojiahewomenzuizaoyusuanbidihenduo，zuizhongqianhetongqiandao1kuai3dejiage，dangran，zhihouzujianjiagegengshiyijiangzaijiang，shichangshenxianjiagezhannitan。”

jinchengufenceoqihaishenxiangjiemianxinwenjizhebiaoshi，chuleguangfuxingyexianchancuoshizhubuqueding，zhengcecengmianhaitongguoxiadiaochukoutuishuilvdengfangshidiaozhengchanneng。“xianchanzhengcexia，meijianengkong10%zuoyouchanneng，doushibushaode”，qihaishenbiaoshi，“jinqiguangfuchanpinchukoutuishuilvcong13%xiadiaozhi9%，ciwaituishuilvhaiyoujinyibubianhuadekenengxing。zheixiangzhengceyeshiyijuliangde，tuishuilvxiadiao，chukouchanpindeshoujiakendinghuigao，daozhijingzhenglixiajiang，channengyenengdedaokongzhi，duiguojiashuishouyehao。”

• 12月5日，在四川省宜宾市举办的2024光伏行业年度大会上，中国光伏行业协会名誉理事长王勃华表示，结合中国市场1-10月180GW左右的光伏新增装机量，协会最近召开了路线图的专家研讨会，一致认为应该调高装机预期。中国光伏行业协会最新预测，全年光伏新增装机为230-260GW，此前，协会预期今年新增装机量为190-220GW。

zhongguoguangfuxingyexiehuishujuxianshi，jinnianqian10yueduojingguichanliangyue158wandun，guipianchanliangyue608gw，dianchipianchanliangyue510gw，guangfuzujianchanliangyue453gw，chanliangtongbizengzhangjunchao20%。

zaishangshuhuiyishang，zhongguoguangfuxingyexiehuimingyulishizhangwangbohuaqiangdiao“yidingyaozhuyiduoyuanhuadebuju，bimianzhaduichuhai。”tansuobaokuochanyelianshangxiayouhezuochuhai，tongguohezi、binggou、touzidengduoyuanhezuochuhai，yuxinnengyuanqichedengxingyekuaxingyehezuochuhaidengfangshi。

• 根据集邦咨询最新研究，全球光伏新增装机从2019年的113GW快速增长至2023年的462GW，复合增长率42.3%，经历了前5年的高增速后，预计2025年起全球光伏装机增速将大幅放缓，进入调整期，预计2025年全球光伏新增装机达596GW，同比增长6%，从占比来看，亚太市场占比小幅回落至61.1%，美洲市场增长至15.6%，欧洲和中东非市场占比变化不大。