558 lines
38 KiB
HTML
558 lines
38 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>深度行研报告：电力设备</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<script defer src="https://cdn.jsdelivr.net/npm/alpinejs@3.x.x/dist/cdn.min.js"></script>
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<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
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<style>
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@keyframes subtle-float {
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0%, 100% { transform: translateY(0); }
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50% { transform: translateY(-8px); }
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}
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.glass-card {
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background-color: rgba(20, 20, 40, 0.4);
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backdrop-filter: blur(20px);
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-webkit-backdrop-filter: blur(20px);
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border: 1px solid rgba(255, 255, 255, 0.1);
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transition: all 0.3s ease;
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}
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.glass-card:hover {
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border-color: rgba(100, 200, 255, 0.5);
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transform: translateY(-5px) scale(1.01);
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box-shadow: 0 0 30px rgba(0, 150, 255, 0.1);
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}
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.glow-text {
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text-shadow: 0 0 8px rgba(100, 200, 255, 0.6), 0 0 16px rgba(100, 200, 255, 0.4);
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}
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.bento-grid {
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display: grid;
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grid-template-columns: repeat(12, 1fr);
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gap: 1.5rem; /* 24px */
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}
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.grid-item {
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border-radius: 1.5rem; /* 24px */
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padding: 1.5rem; /* 24px */
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box-sizing: border-box;
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}
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.col-span-12 { grid-column: span 12 / span 12; }
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.col-span-8 { grid-column: span 8 / span 8; }
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.col-span-6 { grid-column: span 6 / span 6; }
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.col-span-4 { grid-column: span 4 / span 4; }
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.row-span-2 { grid-row: span 2 / span 2; }
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@media (max-width: 1024px) {
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.col-span-lg-8 { grid-column: span 12 / span 12; }
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.col-span-lg-4 { grid-column: span 12 / span 12; }
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.col-span-lg-6 { grid-column: span 12 / span 12; }
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}
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body {
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background-color: #030413;
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background-image:
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radial-gradient(circle at 15% 15%, rgba(10, 80, 200, 0.2) 0%, transparent 40%),
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radial-gradient(circle at 85% 75%, rgba(150, 20, 180, 0.15) 0%, transparent 50%);
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background-attachment: fixed;
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color: #e0e0e0;
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}
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.table th, .table td {
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border-color: rgba(255, 255, 255, 0.15);
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}
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.table tbody tr:hover {
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background-color: rgba(100, 200, 255, 0.1);
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}
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::-webkit-scrollbar { width: 8px; }
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::-webkit-scrollbar-track { background: #0a0a1a; }
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::-webkit-scrollbar-thumb { background: #1f2937; border-radius: 4px; }
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::-webkit-scrollbar-thumb:hover { background: #374151; }
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</style>
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</head>
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<body class="font-sans">
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<div class="container mx-auto p-4 md:p-8">
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<!-- Header -->
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<header class="text-center py-12">
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<h1 class="text-5xl md:text-7xl font-bold glow-text bg-gradient-to-r from-cyan-300 via-blue-400 to-purple-400 bg-clip-text text-transparent mb-4">
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深度行研报告：电力设备
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</h1>
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<p class="text-lg text-gray-400 max-w-4xl mx-auto">
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由全球能源转型与AI算力革命共同驱动的超级上行周期，结构性供需失衡为中国企业创造历史性发展机遇。
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</p>
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</header>
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<!-- Bento Grid Layout -->
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<main class="bento-grid">
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<!-- Core Viewpoint -->
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<div class="glass-card grid-item col-span-12 col-span-lg-8 row-span-2">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">核心观点摘要</h2>
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<p class="text-gray-300 leading-relaxed mb-4">
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电力设备行业正处于一个由<strong>全球能源转型</strong>与<strong>AI算力革命</strong>共同驱动的、长达数年的<strong>超级上行周期</strong>。其核心逻辑在于<strong>全球性、结构性的供需失衡</strong>：需求端因电网更新、新能源并网及AIDC（AI数据中心）建设而多元化爆发式增长，而供给端产能扩张缓慢且存在技术壁垒。这一格局为具备全产业链、成本和技术优势的中国电力设备企业创造了历史性的发展机遇。
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</p>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4 text-center">
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<div class="p-4 bg-black/20 rounded-xl">
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<h3 class="text-xl font-semibold text-white">全球能源转型</h3>
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<p class="text-sm text-gray-400 mt-1">风光并网与电气化趋势驱动电网颠覆性升级</p>
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</div>
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<div class="p-4 bg-black/20 rounded-xl">
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<h3 class="text-xl font-semibold text-white">供需结构错配</h3>
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<p class="text-sm text-gray-400 mt-1">海外产能紧缺，中国企业迎订单外溢历史机遇</p>
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</div>
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<div class="p-4 bg-black/20 rounded-xl">
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<h3 class="text-xl font-semibold text-white">AI算力新需求</h3>
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<p class="text-sm text-gray-400 mt-1">AIDC建设引爆高端电力设备“量价齐升”行情</p>
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</div>
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</div>
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</div>
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<!-- Key Data -->
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<div class="glass-card grid-item col-span-12 col-span-lg-4">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">关键数据速览</h2>
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<ul class="space-y-3">
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<li class="flex justify-between items-center">
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<span class="text-gray-300">国内电网投资 (24年H1)</span>
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<span class="font-mono text-lg font-bold text-green-400">2540亿 (+23.7%)</span>
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</li>
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<li class="flex justify-between items-center">
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<span class="text-gray-300">国内电网投资 (24年规划)</span>
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<span class="font-mono text-lg font-bold text-green-400">> 6000亿</span>
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</li>
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<li class="flex justify-between items-center">
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<span class="text-gray-300">变压器出口 (24年1-11月)</span>
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<span class="font-mono text-lg font-bold text-green-400">425亿 (+32.3%)</span>
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</li>
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<li class="flex justify-between items-center">
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<span class="text-gray-300">AIDC变压器排期</span>
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<span class="font-mono text-lg font-bold text-amber-400">9-12个月</span>
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</li>
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<li class="flex justify-between items-center">
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<span class="text-gray-300">行业净利润 (24年H1)</span>
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<span class="font-mono text-lg font-bold text-green-400">+18.6%</span>
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</li>
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</ul>
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</div>
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<!-- Export Chart -->
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<div class="glass-card grid-item col-span-12 col-span-lg-4">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">变压器出口趋势</h2>
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<div id="exportChart" style="width: 100%; height: 260px;"></div>
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</div>
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<!-- Concept Timeline -->
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<div class="glass-card grid-item col-span-12">
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<h2 class="text-2xl font-bold mb-6 text-cyan-300">概念驱动时间轴</h2>
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<ul class="timeline timeline-snap-icon max-md:timeline-compact timeline-vertical">
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<li>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic">2020-至今</time>
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<div class="text-lg font-black text-primary">长期背景</div>
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全球“碳中和”共识形成，能源结构向可再生能源转型。欧美电网设施进入老化替换周期，更新需求迫切。
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</div>
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<hr/>
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</li>
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<li>
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<hr/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-end mb-10">
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<time class="font-mono italic">2022-2023</time>
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<div class="text-lg font-black text-primary">催化剂 1: 海外需求爆发</div>
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俄乌冲突加剧欧洲能源危机，美国《通胀削减法案》(IRA)刺激电网改造。海外龙头产能严重不足，交付周期拉长至2-5年，中国企业迎订单外溢。
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</div>
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<hr/>
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</li>
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<li>
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<hr/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-start md:text-end mb-10">
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<time class="font-mono italic">2023-2024</time>
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<div class="text-lg font-black text-primary">催化剂 2: 国内投资提速</div>
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为满足新能源大基地（沙戈荒）电力外送需求，新一轮特高压建设启动。国网、南网规划2024年投资超6000亿元，创历史新高。
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</div>
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<hr/>
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</li>
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<li>
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<hr/>
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<div class="timeline-middle">
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<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg>
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</div>
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<div class="timeline-end">
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<time class="font-mono italic">2023年末-至今</time>
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<div class="text-lg font-black text-primary">催化剂 3: AI算力革命</div>
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全球AIDC建设狂潮引爆新需求，北美电力配套滞后，变压器等核心设备“量价齐升、排期拉长”，专用变压器报价上浮20%。
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</div>
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</li>
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</ul>
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</div>
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<!-- Core Logic & Expectation Gap -->
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<div class="glass-card grid-item col-span-12">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">核心逻辑与市场认知分析</h2>
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<div x-data="{ tab: 'drivers' }" class="w-full">
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<div class="tabs tabs-boxed bg-black/30 mb-4">
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<a class="tab" :class="{'tab-active': tab === 'drivers'}" @click="tab = 'drivers'">核心驱动力</a>
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<a class="tab" :class="{'tab-active': tab === 'gap'}" @click="tab = 'gap'">预期差分析</a>
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</div>
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<div x-show="tab === 'drivers'">
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<ul class="space-y-4">
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<li><strong class="text-purple-300">全球能源转型（政策与需求共振）：</strong>发电侧清洁化（风光并网）和用电侧电气化（电动车）对电网容量、稳定性、智能化提出颠覆性要求。这是行业最底层的驱动力。</li>
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<li><strong class="text-purple-300">结构性供需错配（海外尤甚）：</strong>海外龙头产能受限、交期超长（变压器长达2-5年）。路演数据显示"美国本土变压器产能仅满足40%需求"，为中国企业凭借<strong class="text-green-400">成本优势(低40-50%)</strong>和<strong class="text-green-400">交付优势(1-3个月)</strong>切入全球供应链打开窗口。</li>
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<li><strong class="text-purple-300">新兴增量需求（AI算力中心）：</strong>引爆行业预期的最强催化剂。AIDC不仅需求量大，且对变压器技术要求更高（如非晶变压器），加剧优质产能稀缺性。为深度绑定海外客户的企业带来极高业绩弹性。</li>
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<li><strong class="text-purple-300">国内投资刚性（政策托底）：</strong>国内市场由国家主导，投资计划明确。新闻数据中<strong class="text-green-400">“2024年电网投资超6000亿”、“十五五电力规划年均投资超7000亿”</strong>为国内设备商提供了坚实的业绩基本盘。</li>
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</ul>
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</div>
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<div x-show="tab === 'gap'" style="display: none;">
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<ul class="space-y-4">
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<li><strong class="text-amber-300">对“出海”逻辑深度的认知差 (正向)：</strong>市场普遍认知是中国企业依靠“性价比”出海。但深层逻辑是中国企业正在成为全球供应链中<strong class="text-white">不可或缺的“产能+效率”稀缺价值提供者</strong>，可能是全球供应链地位的重塑，而非周期性订单转移。</li>
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<li><strong class="text-amber-300">对国内特高压建设节奏的预期差 (潜在负向)：</strong>新闻指出“24年特高压招标开工不及预期，25年迎来集中爆发”。市场可能已部分计价25年的爆发，若后续落地慢于预期，可能导致短期业绩与高估值不匹配的风险。</li>
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<li><strong class="text-amber-300">对AIDC需求复杂性的认知差 (潜在正向)：</strong>市场关注“量”的增长，但<strong class="text-white">“固态变压器(SST)”、“高频变压器”</strong>等新技术应用可能被低估。AIDC电力设备正走向<strong class="text-white">技术迭代和价值量提升</strong>，这可能是潜在的正向预期差。</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- Catalysts & Future Path -->
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<div class="glass-card grid-item col-span-12 col-span-lg-6">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">近期催化剂</h2>
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<ul class="list-disc list-inside space-y-2 text-gray-300">
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<li><strong>国内特高压招标密集落地：</strong>新闻提及“H2招中标更为密集”，是验证国内投资逻辑的关键观测点。</li>
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<li><strong>三季报及年报业绩验证：</strong>市场期待出口和AIDC业务带来的高增长在财报中持续兑现，关注毛利率变化。</li>
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<li><strong>美国大选及贸易政策：</strong>大选结果及后续对华关税政策，是影响出口逻辑的最大变量。</li>
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<li><strong>海外科技巨头资本开支计划：</strong>亚马逊、微软、谷歌等下一轮AIDC建设计划将直接影响订单预期。</li>
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</ul>
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</div>
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<div class="glass-card grid-item col-span-12 col-span-lg-6">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">长期发展路径</h2>
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<ol class="list-decimal list-inside space-y-2 text-gray-300">
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<li><strong class="text-white">硬件出海深化 (当前-2027)：</strong>以变压器、开关等大规模出海，抢占海外产能缺口。</li>
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<li><strong class="text-white">解决方案与总包出海 (2025-2030)：</strong>从设备供应商向一体化解决方案商升级。</li>
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<li><strong class="text-white">技术标准输出与智能化升级：</strong>输出柔性直流、虚拟电厂等技术标准和运营经验。</li>
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<li><strong class="text-white">“源网荷储”一体化：</strong>融入综合能源服务生态圈，商业模式转变为“设备+服务”。</li>
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</ol>
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</div>
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<!-- Industry Chain -->
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<div class="glass-card grid-item col-span-12">
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<h2 class="text-2xl font-bold mb-4 text-cyan-300">产业链图谱与核心公司</h2>
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<div class="grid grid-cols-1 lg:grid-cols-3 gap-6">
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<!-- Upstream -->
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<div>
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<h3 class="font-semibold text-lg mb-2 text-purple-300">上游：原材料与元器件</h3>
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<div class="p-4 bg-black/20 rounded-xl space-y-1 text-sm">
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<p><strong>原材料:</strong> 铜、铝、硅钢、绝缘材料</p>
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<p><strong>电子元器件:</strong> IGBT、芯片、传感器</p>
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</div>
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</div>
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<!-- Midstream -->
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<div>
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<h3 class="font-semibold text-lg mb-2 text-cyan-300">中游：核心设备制造</h3>
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<div class="p-4 bg-black/20 rounded-xl space-y-1 text-sm">
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<p><strong>一次设备:</strong> 变压器、开关(GIS)、线缆、换流阀</p>
|
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<p><strong>二次设备:</strong> 继电保护、智能电表、配网监测</p>
|
||
</div>
|
||
</div>
|
||
<!-- Downstream -->
|
||
<div>
|
||
<h3 class="font-semibold text-lg mb-2 text-green-300">下游：应用领域</h3>
|
||
<div class="p-4 bg-black/20 rounded-xl space-y-1 text-sm">
|
||
<p><strong>电网公司:</strong> 国家电网、南方电网</p>
|
||
<p><strong>应用场景:</strong> 新能源发电、工业、AIDC、交通</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="divider my-6">核心玩家对比</div>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 xl:grid-cols-4 gap-4">
|
||
<div class="border border-white/10 p-4 rounded-xl">
|
||
<h4 class="font-bold text-white">国电南瑞 (领导者)</h4>
|
||
<p class="text-sm text-gray-400 mt-1">国内全能王，技术实力最强，深度绑定国网，特高压、柔直领域绝对龙头。</p>
|
||
</div>
|
||
<div class="border border-white/10 p-4 rounded-xl">
|
||
<h4 class="font-bold text-white">金盘科技 (追赶者)</h4>
|
||
<p class="text-sm text-gray-400 mt-1">AIDC弹性先锋，深度绑定亚马逊，海外AI变压器毛利率近50%，布局SST前沿技术。</p>
|
||
</div>
|
||
<div class="border border-white/10 p-4 rounded-xl">
|
||
<h4 class="font-bold text-white">思源电气 (追赶者)</h4>
|
||
<p class="text-sm text-gray-400 mt-1">海外市场开拓者，民企出海典范，市场化能力强，产品线丰富，全球覆盖广。</p>
|
||
</div>
|
||
<div class="border border-white/10 p-4 rounded-xl">
|
||
<h4 class="font-bold text-white">许继电气 (领导者)</h4>
|
||
<p class="text-sm text-gray-400 mt-1">特高压与柔直核心，国网系核心供应商，在技术壁垒更高的柔性直流领域具备领先优势。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Risks and Challenges -->
|
||
<div class="glass-card grid-item col-span-12">
|
||
<h2 class="text-2xl font-bold mb-4 text-amber-300">潜在风险与挑战</h2>
|
||
<ul class="list-disc list-inside space-y-3 text-gray-300">
|
||
<li><strong class="text-red-400">国际贸易政策风险 (最核心)：</strong>特别是美国对华关税政策的变化，可能直接冲击出口业务的盈利能力和市场空间。</li>
|
||
<li><strong>国内投资节奏不及预期：</strong>新闻指出24年特高压开工不及预期，若后续持续低于预期，则国内投资逻辑将被证伪或推迟。</li>
|
||
<li><strong>原材料成本压力：</strong>铜、硅钢等大宗商品价格波动是普遍风险，若价格大幅上涨且无法传导，将侵蚀企业利润。</li>
|
||
<li><strong>技术与商业化风险：</strong>新能源接入带来的电网稳定性挑战、新技术（如SST）商业化瓶颈、海外建厂不及预期等。</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<!-- Rise Analysis -->
|
||
<div class="glass-card grid-item col-span-12">
|
||
<h2 class="text-2xl font-bold mb-4 text-cyan-300">相关个股涨幅异动分析</h2>
|
||
<div class="space-y-2">
|
||
<div class="collapse collapse-plus bg-black/30">
|
||
<input type="radio" name="rise-accordion" checked="checked" />
|
||
<div class="collapse-title text-xl font-medium">
|
||
金盘科技 (688676) - 11.33%
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p><strong>核心驱动：</strong>AI与数据中心电源需求激增，特别是公司在浸没式液冷技术领域的布局，以及作为数据中心设备供应商受益于行业景气度提升。市场关注其与英伟达等AI巨头供应链的潜在关联。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus bg-black/30">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-xl font-medium">
|
||
京泉华 (002885) - 9.99%
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p><strong>核心驱动：</strong>北美AI数据中心电力设备“量价齐升”缺口被资金聚焦，公司作为伊顿SST（固态变压器）高频变压器独家供应商，叠加为Bloom Energy（燃料电池）最大磁性元件供应商，双重受益于AI缺电解决方案，短线情绪被点燃。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus bg-black/30">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-xl font-medium">
|
||
中恒电气 (002364) - 10.02%
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p><strong>核心驱动：</strong>直接受益于OPENAI宣布筹备数据中心建设的消息，市场预期AI服务器电源需求将激增。公司作为电力系统自动化及新能源企业，叠加液冷技术热点和技术面突破，受到市场资金追捧。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus bg-black/30">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-xl font-medium">
|
||
华明装备 (002270) - 5.21%
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p><strong>核心驱动：</strong>电力设备板块整体走强，市场对雅江水电站等大型基建项目带来设备需求的预期。公司主营业务涉及变压器，直接受益于板块景气度，同时员工持股计划调整也被市场解读为信心信号。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Stock List -->
|
||
<div class="glass-card grid-item col-span-12">
|
||
<h2 class="text-2xl font-bold mb-4 text-cyan-300">产业链核心标的</h2>
|
||
|
||
<div x-data="{ stockTab: 'primary' }" class="w-full">
|
||
<div class="tabs tabs-boxed bg-black/30 mb-6">
|
||
<a class="tab" :class="{'tab-active': stockTab === 'primary'}" @click="stockTab = 'primary'">一次设备</a>
|
||
<a class="tab" :class="{'tab-active': stockTab === 'secondary'}" @click="stockTab = 'secondary'">二次设备</a>
|
||
<a class="tab" :class="{'tab-active': stockTab === 'detection'}" @click="stockTab = 'detection'">设备检测</a>
|
||
</div>
|
||
|
||
<div x-show="stockTab === 'primary'">
|
||
<h3 class="text-xl font-semibold mb-3 text-purple-300">变压器/变电设备</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-sm w-full">
|
||
<thead>
|
||
<tr><th>股票名称</th><th>股票代码</th><th>核心逻辑</th></tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>特变电工</td><td><a href="https://valuefrontier.cn/company?scode=600089" target="_blank" class="link link-hover">600089</a></td><td>变压器、变电设备龙头</td></tr>
|
||
<tr><td>中国西电</td><td><a href="https://valuefrontier.cn/company?scode=601179" target="_blank" class="link link-hover">601179</a></td><td>变压器、换流阀、变电设备</td></tr>
|
||
<tr><td>许继电气</td><td><a href="https://valuefrontier.cn/company?scode=000400" target="_blank" class="link link-hover">000400</a></td><td>变压器、换流阀、智能电表</td></tr>
|
||
<tr><td>平高电气</td><td><a href="https://valuefrontier.cn/company?scode=600312" target="_blank" class="link link-hover">600312</a></td><td>变电设备(GIS)龙头</td></tr>
|
||
<tr><td>思源电气</td><td><a href="https://valuefrontier.cn/company?scode=002028" target="_blank" class="link link-hover">002028</a></td><td>变电设备，海外出口优势</td></tr>
|
||
<tr><td>保变电气</td><td><a href="https://valuefrontier.cn/company?scode=600550" target="_blank" class="link link-hover">600550</a></td><td>变压器</td></tr>
|
||
<tr><td>明阳电气</td><td><a href="https://valuefrontier.cn/company?scode=301291" target="_blank" class="link link-hover">301291</a></td><td>变压器，AIDC+海风海外双驱动</td></tr>
|
||
<tr><td>伊戈尔</td><td><a href="https://valuefrontier.cn/company?scode=002922" target="_blank" class="link link-hover">002922</a></td><td>变压器，绑定阳光电源出海</td></tr>
|
||
<tr><td>顺钠股份</td><td><a href="https://valuefrontier.cn/company?scode=000533" target="_blank" class="link link-hover">000533</a></td><td>变压器，承接施耐德AIDC订单</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
<h3 class="text-xl font-semibold mt-6 mb-3 text-purple-300">输电线缆/铁塔/绝缘子</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-sm w-full">
|
||
<thead>
|
||
<tr><th>股票名称</th><th>股票代码</th><th>核心逻辑</th></tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>亨通光电</td><td><a href="https://valuefrontier.cn/company?scode=600487" target="_blank" class="link link-hover">600487</a></td><td>输电线缆（含海缆）</td></tr>
|
||
<tr><td>东方电缆</td><td><a href="https://valuefrontier.cn/company?scode=603606" target="_blank" class="link link-hover">603606</a></td><td>输电线缆（含海缆）</td></tr>
|
||
<tr><td>风范股份</td><td><a href="https://valuefrontier.cn/company?scode=601700" target="_blank" class="link link-hover">601700</a></td><td>输电铁塔</td></tr>
|
||
<tr><td>神马电力</td><td><a href="https://valuefrontier.cn/company?scode=603530" target="_blank" class="link link-hover">603530</a></td><td>输电绝缘子</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div x-show="stockTab === 'secondary'" style="display: none;">
|
||
<h3 class="text-xl font-semibold mb-3 text-green-300">继电保护/监测</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-sm w-full">
|
||
<thead>
|
||
<tr><th>股票名称</th><th>股票代码</th><th>核心逻辑</th></tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>国电南瑞</td><td><a href="https://valuefrontier.cn/company?scode=600406" target="_blank" class="link link-hover">600406</a></td><td>继电保护、换流阀、电网数字化龙头</td></tr>
|
||
<tr><td>四方股份</td><td><a href="https://valuefrontier.cn/company?scode=601126" target="_blank" class="link link-hover">601126</a></td><td>继电保护</td></tr>
|
||
<tr><td>东方电子</td><td><a href="https://valuefrontier.cn/company?scode=000682" target="_blank" class="link link-hover">000682</a></td><td>配电网监测、智能电表</td></tr>
|
||
<tr><td>威胜信息</td><td><a href="https://valuefrontier.cn/company?scode=688100" target="_blank" class="link link-hover">688100</a></td><td>输变电监测、用电信息采集</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
<h3 class="text-xl font-semibold mt-6 mb-3 text-green-300">智能电表/低压电器</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-sm w-full">
|
||
<thead>
|
||
<tr><th>股票名称</th><th>股票代码</th><th>核心逻辑</th></tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>三星医疗</td><td><a href="https://valuefrontier.cn/company?scode=601567" target="_blank" class="link link-hover">601567</a></td><td>智能电表、用电信息采集，出海龙头</td></tr>
|
||
<tr><td>海兴电力</td><td>-</td><td>智能电表，出海龙头 (未在列表中)</td></tr>
|
||
<tr><td>良信股份</td><td><a href="https://valuefrontier.cn/company?scode=002706" target="_blank" class="link link-hover">002706</a></td><td>低压电器，AIDC相关</td></tr>
|
||
<tr><td>正泰电器</td><td><a href="https://valuefrontier.cn/company?scode=601877" target="_blank" class="link link-hover">601877</a></td><td>低压电器龙头</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div x-show="stockTab === 'detection'" style="display: none;">
|
||
<h3 class="text-xl font-semibold mb-3 text-blue-300">设备检测</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-sm w-full">
|
||
<thead>
|
||
<tr><th>股票名称</th><th>股票代码</th></tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>国缆检测</td><td><a href="https://valuefrontier.cn/company?scode=301289" target="_blank" class="link link-hover">301289</a></td></tr>
|
||
<tr><td>电科院</td><td><a href="https://valuefrontier.cn/company?scode=300215" target="_blank" class="link link-hover">300215</a></td></tr>
|
||
<tr><td>红相股份</td><td><a href="https://valuefrontier.cn/company?scode=300427" target="_blank" class="link link-hover">300427</a></td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
</main>
|
||
|
||
<!-- Footer -->
|
||
<footer class="text-center py-8 mt-12">
|
||
<p class="text-sm text-gray-500">北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现</p>
|
||
<p class="text-xs text-gray-600 mt-1">本报告为AI合成数据，投资需谨慎。</p>
|
||
</footer>
|
||
</div>
|
||
<script>
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||
document.addEventListener('DOMContentLoaded', function () {
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||
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||
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|
||
{ month: '8月', value: 42.2, yoy: 37.7 },
|
||
{ month: '9月', value: 45.3, yoy: 21.2 },
|
||
{ month: '10月', value: 44.3, yoy: 52.9 },
|
||
{ month: '11月', value: 48.7, yoy: 54.0 },
|
||
{ month: '12月', value: 52.1, yoy: 1.2 },
|
||
{ month: '25年1-2月', value: null, yoy: 50.0 }, // Value is cumulative, so null for single month
|
||
{ month: '25年6月', value: 38.7, yoy: 66.4 }
|
||
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|
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|
||
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||
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||
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|
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|
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res += item.marker + ' ' + item.seriesName + ' : ' + item.value + (item.seriesName === '出口额' ? ' 亿元' : '%') + '<br/>';
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|
||
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|
||
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|
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|
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{
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