The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

收入、利润规模高速增长。我们选择 12 家光伏设备上市公司作 为样本进行分析，2023H1 光伏设备板块实现营收 291.67 亿元， 同比增长 64.4%，归母净利润 55.66 亿元，同比增长 69.5%；业绩保持高速增长，反映出光伏行业仍处于较高景气阶段，设备厂商充分享受下游扩产红利。分环节来看，上半年归母净利润增速排序为硅片设备>组件设备>电池片设备。

光伏边框以铝边框为主流，新型边框产业化发展加速。光伏边框是应用于光 伏组件的辅材，位于光伏产业链中下游，光伏边框的性能对光伏组件的安装和使用寿命有直接影响。铝边框凭借轻质、易加工、美观以及良好的耐候性一直 作为光伏边框的主流，2022 年市占率超过 95%。但近年来铝价走高，铝边框价格下降空间有限，占组件制造成本较高，接近 10%。在光伏行业降本诉求下，新型边框迎来产业化快速发展阶段，其中复合材料边框在成本、性能、环保等方面优势突出，有望迎来产业化快速发展阶段。

7 月全社会用电增速为 6.8%，三大产业均同比正增长。7 月全社会用电量 8887.8 亿千瓦时。分一/二/三产看，第一产业用电量 139.3 亿千瓦时，同比增长 14.6%；第二产业用电量 5383.1 亿千瓦时，同比增长 4.9%；第三产业用电量 1734.8 亿千瓦时，同比增长 9.1%；城乡居民用电量 1630.6 亿千瓦时，同比上升 10.2%。一、二、三 用电量均稳步增长；其中第二产业用电对全社会用电量新增贡献率达 44.5%，对国内用电需求修复起到明显支撑作用。

The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

容量电价政策出台可期，煤电经营稳健性有望提升地产 | 刚需属 性明显，核心区收益稳定——从海外租赁住房REIT 看中国发展趋势物流 | 仓储供应链&国内运输月度数据跟踪（2023 年8 月）：需求季节性回落但 仍保持景气运行，进入旺季备货期全国仓储空置率下降快递 | 快递行业价 格数据跟踪（2023 年9 月）：需求企稳促行业价格触底反弹，圆通表现突 显定价权和稳定性大类资产 | 油价如期到达90 美元目标，未来仍有上涨 空间固收 | 一级新发评级上升，二级指数总体下行——中资美元债8 月 报电子 | 电子行业2023 半年报综述：上半年业绩承压，下半年终端需求 修复可期机械 | 业绩保持高增长，新技术产业化加速——光伏设备行业半 年报综述军工 | C919 订单超千架，关注大飞机产业链国产化进程交运 | 欧佩克预计四季度全球石油供应缺口或超300 万桶/日