本周（ 4 月 5 日-4 月 7 日）市场节后节节攀升。截至到4 月 7 日，上证综指报收 3286.62 点，上涨了 1.99%，深证成指报收10669.48 点，上涨了 2.31%。沪深 300 指数上涨了 1.78%，SW 电气设备板块上涨了 2.45%，表现强于沪深 300 指数，在申万行业中排名居中。其中，光伏设备板块上涨了 2.54%， 强于行业指数。风电设备板块上涨了 1.50%，核电设备板块上涨 2.26%，弱于行业指数。

环保部开展为期一年的大气污染防治强化督查，我们认为，本次督查将不断向地方政府和企业传导压力，促使节能减排、绿色环保成为政企长期注重的问题，建议关注迪森股份、长青集团、富春环保、盈峰环境、雪迪龙、清新环境、聚光科技。

发改委公布有序放开发用电计划通知，新能源运营弹性较大。近日，发改委、能源局正式印发《关于有序放开发用电计划的通知》，并标注特急。要点包括 1、鼓励发电企业与购电主体签订发电协议，扩大市场化交易电量规模，逐年减少燃煤发电企业计划电量；2、新核准机组一律纳入市场化交易；3、规范和完善交易电量价格调整机制；4、制定优先发电计划，允许优先发电计划指标有条件市场化转让，切实落实优先发电与优先购电；5；引导其他购电主体（中小用户、售电公司、新增大工业用户等）参与市场交易；6、参与市场交易的电力用户不再执行目录电价。我们认为从本次《通知》下发的时间与力度来看，

抓住新增市场发展契机。近期新华社发布了中共中央、国务院决定设立河北雄安新区的通知。雄安新区的设立势必会带动当地能源产业的建设，对于新常态下的电力企业而言，如此规模的发展机遇显得弥足珍贵。凭借区位优势，我们看好河北建投投资集团的在雄安特区建设方面的成长空间。集团控股 2 家上市公司，建投能源和新天绿色能源。作为河北南网最大的独立发电公司，截至 2016 年底，建投能源可控装机容量占河北南网总装机容量的 20%以上。公司拥有几大优势：1）控股装机全部为 30 万千瓦以上机组；2）拥有 3 家热电联产企业，在争取上网电量上拥有优先权；3）2017 年计划新增装机项目均不在供改管制目录内，成长性有保障；4）在配售电业务方面早有布局，为争取雄安新增配售电市场份额做好准备；5）拓展清洁能源业务动作频频。

一带一路峰会召开在即，一方倡议、八方呼应，相关订单望加速确认：“一带一路”政策作为我国全方位对外开放的重要国家战略，其重要性与持续性远超以往。将于今年 5 月在北京主办“一带一路”国际合作高峰论坛，有两个主要议题：一是加强政策和发展战略对接，深化伙伴关系;二是推进互联互通务实合作，实现联动发展。我们认为务实合作的议题望积极促进一批新协议和大量相关订单签署，一带一路主题正迈入订单规模转化期，当前是重要时间窗口，真正在海外扎实布局的优质标的更具投资价值。

3 月 29 日，国家发展改革委副主任、国家能源局局长努尔·白克力与泰国能源部部长阿兰他蓬·甘乍纳拉在北京签署《中华人民共和国政府和泰王国政府和平利用核能合作协定》，双方还就两国在核电、电力联网、电力贸易等领域的合作深入交换了意见。

3 月 31 日至 4 月 6 日，沪深 300 上涨 2.25%，电力设备与新能源行业上涨2.47%，跑赢大盘 0.22 个百分点。子行业板块中全部上涨，新能源电池和电机及传动设备涨幅居前。从估值的角度看，目前电力设备与新能源板块估值为 44.00 倍，相对于沪深300 的估值溢价率为 336.13%，估值溢价率有所上升。我们继续维持行业中性评级，本周大盘强势上涨，行业内涨幅较大个股主要是雄安新区概念股、一带一路受益股和轨道交通产业链个股。我们认为行业将继续随大盘波动，上述题材中的低估值稳增长的龙头个股仍可参与。

近日财政部、国家发改委、国家能源局联合下发《关于组织申报第七批可再生能源电价附加补助项目的通知》。通知指出，2006 年及以后年度核准（备案），2016 年 3 月底前并网，尚未纳入前六批可再生能源电价附加补助的项目可申报第七批可再生能源电价附加补助，6 月 30 日截止。

A CHP system involves the simultaneous production of electricity and usable heat from a power plant or heat engine in a single, highly efficient process. It captures the energy produced during power generation and puts it to use for commercial and residential heat production. CHP technology is both cost-effective and environment-friendly. A commercial facility can use CHP to provide both heat and power through a single energy-efficient step, instead of purchasing electricity from utilities and separately producing thermal energy from onsite furnaces. CHP technology helps in preventing power losses during transmission and distribution of electricity through national grids or local distribution networks.

Electric vehicles date back to the early part of 18th century. In the early part of the 1930s, it is believed that the first small-scale model of an electric vehicle powered by an electric motor was designed. Then, in consecutive years, similar developments of small electric cars took place, which were powered by DC electric motors. In later decades, better and improved designs were forged with new developments and inventions in the field of electric motors. Such inventions increased capacity in storage and the vehicles became more practical. As the electric vehicles became more practical and functional, the government of various economies started supporting the development activities of electric vehicles. The governments of European economies like France and Great Britain first supported R&D in electric vehicles. An electric vehicle designed in 1899 named as ‘La Jamais Contente’ set the world land speed record at that time by a recording speed of 68 mph.

An electrical conductor is any material that can conduct electricity. A metal wire is a common example of electrical conductor. Electrical conductors form an essential component in the power industry and is responsible for the T&D of electric power. Electrical conductors are used in power cables, transformers, and busbars.