918 lines
38 KiB
HTML
918 lines
38 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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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, shrink-to-fit=no">
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<title>AIDC供配电设备弹性 - 行业洞察报告</title>
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<style>
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body {
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font-family: 'Inter', sans-serif;
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background: linear-gradient(135deg, #0f172a 0%, #1e293b 100%);
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min-height: 100vh;
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overflow-x: hidden;
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}
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#particles-js {
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@media (max-width: 768px) {
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.industry-chain {
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flex-direction: column;
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.chain-arrow {
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transform: rotate(90deg);
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</style>
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</head>
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<body>
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<div id="particles-js"></div>
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<div class="container mx-auto px-4 py-8 max-w-7xl">
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<!-- 标题区域 -->
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<div class="text-center mb-12">
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<h1 class="text-4xl md:text-5xl font-bold text-white mb-4">
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<span class="gradient-text">AIDC供配电设备弹性</span>
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</h1>
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<p class="text-gray-300 text-lg max-w-3xl mx-auto">
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AI数据中心供配电设备行业深度分析 - 把握算力军备竞赛下的投资机遇
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</p>
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</div>
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<!-- 概念事件时间线 -->
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<div class="glass-card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
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<svg class="w-6 h-6 mr-2 text-purple-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 8v4l3 3m6-3a9 9 0 11-18 0 9 9 0 0118 0z"></path>
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</svg>
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概念事件时间线
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</h2>
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<div class="space-y-4">
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<div class="timeline-item">
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<div class="text-purple-400 font-semibold">2024Q2</div>
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<div class="text-gray-300">字节跳动启动1-2GW级AIDC招标（乌兰察布、宣化等地），单机房功率≥30MW，触发产业链需求拐点。</div>
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</div>
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<div class="timeline-item">
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<div class="text-purple-400 font-semibold">2024Q3</div>
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<div class="text-gray-300">阿里、腾讯资本开支同比转正，AI芯片需求激增（豆包日均token从5月12亿→12月400亿）。</div>
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</div>
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<div class="timeline-item">
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<div class="text-purple-400 font-semibold">2024Q4</div>
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<div class="text-gray-300">柴油发电机涨价30%+（1830kW机型从140万→250万），交付周期延至2026年。</div>
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</div>
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<div class="timeline-item">
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<div class="text-purple-400 font-semibold">2025Q1</div>
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<div class="text-gray-300">英伟达GTC大会明确800V HVDC为下一代标准，Meta/微软/谷歌同步推进。</div>
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</div>
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<div class="timeline-item">
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<div class="text-purple-400 font-semibold">2025Q2</div>
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<div class="text-gray-300">国内政策要求新建数据中心PUE≤1.3，液冷渗透率强制提升至50%。</div>
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</div>
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</div>
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</div>
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<!-- 核心观点摘要 -->
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<div class="glass-card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
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<svg class="w-6 h-6 mr-2 text-blue-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 12h6m-6 4h6m2 5H7a2 2 0 01-2-2V5a2 2 0 012-2h5.586a1 1 0 01.707.293l5.414 5.414a1 1 0 01.293.707V19a2 2 0 01-2 2z"></path>
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</svg>
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核心观点摘要
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</h2>
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<div class="grid md:grid-cols-3 gap-4">
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<div class="highlight-box">
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<h3 class="text-lg font-semibold text-white mb-2">阶段判断</h3>
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<p class="text-gray-300">AIDC供配电设备处于需求爆发初期（2024Q2启动），由AI算力军备竞赛驱动，量价齐升逻辑刚启动。</p>
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</div>
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<div class="highlight-box">
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<h3 class="text-lg font-semibold text-white mb-2">核心驱动力</h3>
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<p class="text-gray-300">功率密度跃升（单机柜从10kW→1MW）+ 技术路线切换（UPS→HVDC→固态变压器）+ 国产替代加速。</p>
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</div>
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<div class="highlight-box">
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<h3 class="text-lg font-semibold text-white mb-2">未来潜力</h3>
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<p class="text-gray-300">2025-2028年全球AIDC新增装机CAGR 73%，供配电设备市场空间从2024年400亿→2028年1200亿。</p>
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</div>
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</div>
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</div>
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<!-- 核心驱动力分析 -->
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<div class="glass-card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
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<svg class="w-6 h-6 mr-2 text-green-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 10V3L4 14h7v7l9-11h-7z"></path>
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</svg>
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核心驱动力分析
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</h2>
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<div class="grid md:grid-cols-3 gap-6">
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<div>
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<h3 class="text-xl font-semibold text-white mb-3">技术迭代</h3>
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<ul class="space-y-2 text-gray-300">
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>功率密度革命：单机柜功率从传统IDC的5-10kW跃升至AIDC的100-1000kW</span>
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</li>
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>架构简化：HVDC替代UPS（效率从90%→98%）</span>
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</li>
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>固态变压器（SST）10kV直转800V直流，体积减少50%</span>
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</li>
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</ul>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-white mb-3">供需错配</h3>
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<ul class="space-y-2 text-gray-300">
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>柴油发电机：全球产能缺口1500台/年</span>
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</li>
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>国产替代率从30%→70%（潍柴/玉柴扩产）</span>
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</li>
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>液冷系统：2025年需求77亿→2027年164亿（CAGR 33%）</span>
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</li>
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</ul>
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||
</div>
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<div>
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<h3 class="text-xl font-semibold text-white mb-3">政策强制</h3>
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<ul class="space-y-2 text-gray-300">
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>中国要求2025年后新建数据中心50%采用液冷</span>
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</li>
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>PUE≤1.3硬性指标</span>
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</li>
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<li class="flex items-start">
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<span class="text-green-400 mr-2">•</span>
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<span>运营商白皮书推动行业标准升级</span>
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</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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<!-- 市场热度与情绪 -->
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<div class="glass-card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
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||
<svg class="w-6 h-6 mr-2 text-yellow-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 19v-6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2a2 2 0 002-2zm0 0V9a2 2 0 012-2h2a2 2 0 012 2v10m-6 0a2 2 0 002 2h2a2 2 0 002-2m0 0V5a2 2 0 012-2h2a2 2 0 012 2v14a2 2 0 01-2 2h-2a2 2 0 01-2-2z"></path>
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</svg>
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市场热度与情绪
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</h2>
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<div class="grid md:grid-cols-2 gap-6">
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<div>
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<h3 class="text-lg font-semibold text-white mb-3">研报密度</h3>
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<p class="text-gray-300 mb-4">2024Q4以来每周2-3篇深度报告聚焦供配电环节（柴发/HVDC/液冷）</p>
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<div class="bg-gray-800 rounded-lg p-4">
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<canvas id="reportChart" width="400" height="200"></canvas>
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</div>
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</div>
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<div>
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<h3 class="text-lg font-semibold text-white mb-3">股价表现</h3>
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<div class="space-y-3">
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<div class="flex justify-between items-center p-3 bg-gray-800 rounded-lg">
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<span class="text-gray-300">潍柴重机（柴发）</span>
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<span class="stock-up font-semibold">+278%</span>
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</div>
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<div class="flex justify-between items-center p-3 bg-gray-800 rounded-lg">
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<span class="text-gray-300">中恒电气（HVDC）</span>
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<span class="stock-up font-semibold">+32%</span>
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</div>
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<div class="mt-4 p-3 bg-yellow-900/20 border border-yellow-700/50 rounded-lg">
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<p class="text-yellow-300 text-sm">
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<strong>分歧点：</strong>市场担忧单位算力投资下降（DeepSeek效应），但路演显示总量需求不降反升（更多玩家入场）
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</p>
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||
</div>
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||
</div>
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||
</div>
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||
</div>
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</div>
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|
||
<!-- 预期差分析 -->
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<div class="glass-card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
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||
<svg class="w-6 h-6 mr-2 text-red-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z"></path>
|
||
</svg>
|
||
预期差分析
|
||
</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="w-full">
|
||
<thead>
|
||
<tr>
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||
<th>市场共识</th>
|
||
<th>潜在预期差</th>
|
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<th>验证数据</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="text-gray-300">UPS将被HVDC完全替代</td>
|
||
<td class="text-gray-300">UPS与HVDC长期共存（金融/医疗仍需UPS）</td>
|
||
<td class="text-gray-300">西部电新路演：UPS市占率仍>80%</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300">柴油发电机仅备用电源</td>
|
||
<td class="text-gray-300">燃气轮机+柴发混合供电成主流</td>
|
||
<td class="text-gray-300">银河电新：北美70%数据中心采用燃气轮机主供</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300">液冷仅用于超算</td>
|
||
<td class="text-gray-300">冷板式液冷已下沉至30kW机柜</td>
|
||
<td class="text-gray-300">曙光数创：2025年液冷渗透率50%</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 催化剂与发展路径 -->
|
||
<div class="glass-card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
|
||
<svg class="w-6 h-6 mr-2 text-indigo-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 7h8m0 0v8m0-8l-8 8-4-4-6 6"></path>
|
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</svg>
|
||
关键催化剂与未来发展路径
|
||
</h2>
|
||
<div class="grid md:grid-cols-2 gap-6">
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-white mb-4">近期催化剂（3-6个月）</h3>
|
||
<div class="space-y-3">
|
||
<div class="p-4 bg-gray-800 rounded-lg">
|
||
<h4 class="text-indigo-400 font-semibold mb-1">字节跳动2025Q2招标</h4>
|
||
<p class="text-gray-300 text-sm">预计释放2GW订单（芜湖300MW基地），柴发/HVDC/液冷供应商直接受益</p>
|
||
</div>
|
||
<div class="p-4 bg-gray-800 rounded-lg">
|
||
<h4 class="text-indigo-400 font-semibold mb-1">英伟达GB200量产</h4>
|
||
<p class="text-gray-300 text-sm">2025Q3出货，800V HVDC配套需求验证（台达/麦格米特）</p>
|
||
</div>
|
||
<div class="p-4 bg-gray-800 rounded-lg">
|
||
<h4 class="text-indigo-400 font-semibold mb-1">国产燃气轮机首台套交付</h4>
|
||
<p class="text-gray-300 text-sm">应流股份/万泽股份2025Q4交付数据中心用H级燃机</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-white mb-4">长期发展路径</h3>
|
||
<div class="space-y-3">
|
||
<div class="p-4 bg-gray-800 rounded-lg">
|
||
<h4 class="text-purple-400 font-semibold mb-1">2025-2026</h4>
|
||
<p class="text-gray-300 text-sm">技术路线混战（UPS vs HVDC vs SST），价格战→龙头集中</p>
|
||
</div>
|
||
<div class="p-4 bg-gray-800 rounded-lg">
|
||
<h4 class="text-purple-400 font-semibold mb-1">2027-2028</h4>
|
||
<p class="text-gray-300 text-sm">固态变压器商业化，10kV直转800V直流，配电系统体积再降50%</p>
|
||
</div>
|
||
<div class="p-4 bg-gray-800 rounded-lg">
|
||
<h4 class="text-purple-400 font-semibold mb-1">2029+</h4>
|
||
<p class="text-gray-300 text-sm">微电网+储能成为标配，绿电直供比例>30%（腾讯/宁德时代试点）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 产业链图谱 -->
|
||
<div class="glass-card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
|
||
<svg class="w-6 h-6 mr-2 text-cyan-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M4 5a1 1 0 011-1h14a1 1 0 011 1v2a1 1 0 01-1 1H5a1 1 0 01-1-1V5zM4 13a1 1 0 011-1h6a1 1 0 011 1v6a1 1 0 01-1 1H5a1 1 0 01-1-1v-6zM16 13a1 1 0 011-1h2a1 1 0 011 1v6a1 1 0 01-1 1h-2a1 1 0 01-1-1v-6z"></path>
|
||
</svg>
|
||
产业链图谱
|
||
</h2>
|
||
<div class="industry-chain">
|
||
<div class="chain-node">
|
||
<div class="text-cyan-400 font-semibold">上游</div>
|
||
<div class="text-gray-300 text-sm">发动机（潍柴/玉柴）</div>
|
||
<div class="text-gray-300 text-sm">IGBT（斯达半导）</div>
|
||
<div class="text-gray-300 text-sm">铜材（金田铜业）</div>
|
||
</div>
|
||
<div class="chain-arrow">→</div>
|
||
<div class="chain-node">
|
||
<div class="text-cyan-400 font-semibold">中游</div>
|
||
<div class="text-gray-300 text-sm">柴发（科泰电源/泰豪科技）</div>
|
||
<div class="text-gray-300 text-sm">HVDC（中恒电气/禾望电气）</div>
|
||
<div class="text-gray-300 text-sm">液冷（英维克/高澜股份）</div>
|
||
</div>
|
||
<div class="chain-arrow">→</div>
|
||
<div class="chain-node">
|
||
<div class="text-cyan-400 font-semibold">下游</div>
|
||
<div class="text-gray-300 text-sm">IDC运营商（润泽科技/万国数据）</div>
|
||
<div class="text-gray-300 text-sm">云厂商（阿里/腾讯/字节）</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 核心玩家对比 -->
|
||
<div class="glass-card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
|
||
<svg class="w-6 h-6 mr-2 text-pink-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M17 20h5v-2a3 3 0 00-5.356-1.857M17 20H7m10 0v-2c0-.656-.126-1.283-.356-1.857M7 20H2v-2a3 3 0 015.356-1.857M7 20v-2c0-.656.126-1.283.356-1.857m0 0a5.002 5.002 0 019.288 0M15 7a3 3 0 11-6 0 3 3 0 016 0zm6 3a2 2 0 11-4 0 2 2 0 014 0zM7 10a2 2 0 11-4 0 2 2 0 014 0z"></path>
|
||
</svg>
|
||
核心玩家对比
|
||
</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>公司</th>
|
||
<th>环节</th>
|
||
<th>竞争优势</th>
|
||
<th>风险点</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">潍柴重机</td>
|
||
<td class="text-gray-300">柴发</td>
|
||
<td class="text-gray-300">国产唯一大缸径发动机（市占率75%）</td>
|
||
<td class="text-gray-300">利润率受原材料涨价挤压</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">中恒电气</td>
|
||
<td class="text-gray-300">HVDC</td>
|
||
<td class="text-gray-300">阿里巴拿马电源独供（技术壁垒）</td>
|
||
<td class="text-gray-300">客户集中度过高（阿里50%+）</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">英维克</td>
|
||
<td class="text-gray-300">液冷</td>
|
||
<td class="text-gray-300">冷板市占率40%（绑定腾讯/字节）</td>
|
||
<td class="text-gray-300">价格战导致毛利率下滑</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">金盘科技</td>
|
||
<td class="text-gray-300">变压器</td>
|
||
<td class="text-gray-300">干变龙头（数据中心订单+70%）</td>
|
||
<td class="text-gray-300">产能扩张不及预期</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 风险分析 -->
|
||
<div class="glass-card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
|
||
<svg class="w-6 h-6 mr-2 text-orange-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z"></path>
|
||
</svg>
|
||
潜在风险与挑战
|
||
</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="w-full">
|
||
<thead>
|
||
<tr>
|
||
<th>风险类型</th>
|
||
<th>具体表现</th>
|
||
<th>影响程度</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="text-gray-300">技术风险</td>
|
||
<td class="text-gray-300">SST固态变压器绝缘等级未突破10kV</td>
|
||
<td class="text-red-400 font-semibold">高</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300">商业化风险</td>
|
||
<td class="text-gray-300">液冷改造成本过高（为风冷3倍）</td>
|
||
<td class="text-yellow-400 font-semibold">中</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300">政策风险</td>
|
||
<td class="text-gray-300">美国对华AI芯片限制升级（H20禁售）</td>
|
||
<td class="text-red-400 font-semibold">高</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300">信息矛盾</td>
|
||
<td class="text-gray-300">研报预测2025年HVDC市场79亿 vs 路演反馈仅50亿</td>
|
||
<td class="text-yellow-400 font-semibold">中</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 投资启示 -->
|
||
<div class="glass-card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
|
||
<svg class="w-6 h-6 mr-2 text-emerald-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 12l2 2 4-4m5.618-4.016A11.955 11.955 0 0112 2.944a11.955 11.955 0 01-8.618 3.04A12.02 12.02 0 003 9c0 5.591 3.824 10.29 9 11.622 5.176-1.332 9-6.03 9-11.622 0-1.042-.133-2.052-.382-3.016z"></path>
|
||
</svg>
|
||
综合结论与投资启示
|
||
</h2>
|
||
<div class="space-y-4">
|
||
<div class="highlight-box">
|
||
<h3 class="text-lg font-semibold text-white mb-2">阶段判断</h3>
|
||
<p class="text-gray-300">基本面驱动初期（订单兑现+涨价验证），非主题炒作</p>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-white mb-3">高弹性细分</h3>
|
||
<div class="grid md:grid-cols-3 gap-4">
|
||
<div class="bg-gray-800 rounded-lg p-4">
|
||
<h4 class="text-emerald-400 font-semibold mb-2">柴油发电机</h4>
|
||
<p class="text-gray-300 text-sm mb-2">潍柴重机/科泰电源</p>
|
||
<p class="text-gray-300 text-sm">量价齐升+国产替代，2025年利润弹性>100%</p>
|
||
</div>
|
||
<div class="bg-gray-800 rounded-lg p-4">
|
||
<h4 class="text-emerald-400 font-semibold mb-2">HVDC</h4>
|
||
<p class="text-gray-300 text-sm mb-2">中恒电气/禾望电气</p>
|
||
<p class="text-gray-300 text-sm">技术替代+客户绑定，2025年渗透率从10%→30%</p>
|
||
</div>
|
||
<div class="bg-gray-800 rounded-lg p-4">
|
||
<h4 class="text-emerald-400 font-semibold mb-2">液冷二次侧</h4>
|
||
<p class="text-gray-300 text-sm mb-2">英维克/高澜股份</p>
|
||
<p class="text-gray-300 text-sm">政策强制+价值量占比60%，2025年市场空间翻倍</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-lg font-semibold text-white mb-3">关键跟踪指标</h3>
|
||
<div class="grid md:grid-cols-3 gap-4">
|
||
<div class="flex items-center p-3 bg-gray-800 rounded-lg">
|
||
<svg class="w-5 h-5 mr-2 text-blue-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 19v-6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2a2 2 0 002-2zm0 0V9a2 2 0 012-2h2a2 2 0 012 2v10m-6 0a2 2 0 002 2h2a2 2 0 002-2m0 0V5a2 2 0 012-2h2a2 2 0 012 2v14a2 2 0 01-2 2h-2a2 2 0 01-2-2z"></path>
|
||
</svg>
|
||
<div>
|
||
<div class="text-white font-semibold">柴发价格</div>
|
||
<div class="text-gray-400 text-sm">康明斯/潍柴月度报价（当前+15%）</div>
|
||
</div>
|
||
</div>
|
||
<div class="flex items-center p-3 bg-gray-800 rounded-lg">
|
||
<svg class="w-5 h-5 mr-2 text-purple-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 5H7a2 2 0 00-2 2v12a2 2 0 002 2h10a2 2 0 002-2V7a2 2 0 00-2-2h-2M9 5a2 2 0 002 2h2a2 2 0 002-2M9 5a2 2 0 012-2h2a2 2 0 012 2"></path>
|
||
</svg>
|
||
<div>
|
||
<div class="text-white font-semibold">HVDC招标</div>
|
||
<div class="text-gray-400 text-sm">阿里/腾讯2025Q2招标量（需≥10亿元）</div>
|
||
</div>
|
||
</div>
|
||
<div class="flex items-center p-3 bg-gray-800 rounded-lg">
|
||
<svg class="w-5 h-5 mr-2 text-cyan-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M7 12l3-3 3 3 4-4M8 21l4-4 4 4M3 4h18M4 4h16v12a1 1 0 01-1 1H5a1 1 0 01-1-1V4z"></path>
|
||
</svg>
|
||
<div>
|
||
<div class="text-white font-semibold">液冷渗透率</div>
|
||
<div class="text-gray-400 text-sm">运营商集采中液冷占比（2025年目标50%）</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 股票数据表格 -->
|
||
<div class="glass-card rounded-xl p-6">
|
||
<h2 class="text-2xl font-bold text-white mb-6 flex items-center">
|
||
<svg class="w-6 h-6 mr-2 text-green-400" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 19v-6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2a2 2 0 002-2zm0 0V9a2 2 0 012-2h2a2 2 0 012 2v10m-6 0a2 2 0 002 2h2a2 2 0 002-2m0 0V5a2 2 0 012-2h2a2 2 0 012 2v14a2 2 0 01-2 2h-2a2 2 0 01-2-2z"></path>
|
||
</svg>
|
||
关联股票数据
|
||
</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="w-full text-sm">
|
||
<thead>
|
||
<tr>
|
||
<th>股票</th>
|
||
<th>产业链</th>
|
||
<th>AIDC业务市值</th>
|
||
<th>传统业务市值</th>
|
||
<th>目标市值</th>
|
||
<th>股价空间</th>
|
||
<th>25-28年AIDC收入</th>
|
||
<th>25-28年AIDC净利润</th>
|
||
<th>25-28年AIDC峰值收入</th>
|
||
<th>25-28年AIDC峰值净利润</th>
|
||
<th>AIDC业务PE</th>
|
||
<th>投资理由</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">中恒电气</td>
|
||
<td class="text-gray-300">HVDC</td>
|
||
<td class="text-gray-300">99</td>
|
||
<td class="text-gray-300">40</td>
|
||
<td class="text-gray-300">139</td>
|
||
<td class="stock-up font-semibold">32%</td>
|
||
<td class="text-gray-300">56.52</td>
|
||
<td class="text-gray-300">5.65</td>
|
||
<td class="text-gray-300">28.26</td>
|
||
<td class="text-gray-300">2.83</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">AIDC业务占比高，股价弹性较大</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">科华数据</td>
|
||
<td class="text-gray-300">UPS/HVDC</td>
|
||
<td class="text-gray-300">141</td>
|
||
<td class="text-gray-300">120</td>
|
||
<td class="text-gray-300">261</td>
|
||
<td class="stock-up font-semibold">19%</td>
|
||
<td class="text-gray-300">53.64</td>
|
||
<td class="text-gray-300">8.05</td>
|
||
<td class="text-gray-300">26.82</td>
|
||
<td class="text-gray-300">4.02</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">传统业务稳定，AIDC业务增长潜力较大</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">科士达</td>
|
||
<td class="text-gray-300">UPS</td>
|
||
<td class="text-gray-300">111</td>
|
||
<td class="text-gray-300">120</td>
|
||
<td class="text-gray-300">231</td>
|
||
<td class="stock-up font-semibold">35%</td>
|
||
<td class="text-gray-300">42.12</td>
|
||
<td class="text-gray-300">6.32</td>
|
||
<td class="text-gray-300">21.06</td>
|
||
<td class="text-gray-300">3.16</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">AIDC业务占比高，股价弹性显著</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">雄韬股份</td>
|
||
<td class="text-gray-300">UPS/HVDC</td>
|
||
<td class="text-gray-300">44</td>
|
||
<td class="text-gray-300">50</td>
|
||
<td class="text-gray-300">94</td>
|
||
<td class="stock-up font-semibold">31%</td>
|
||
<td class="text-gray-300">16.85</td>
|
||
<td class="text-gray-300">2.53</td>
|
||
<td class="text-gray-300">8.42</td>
|
||
<td class="text-gray-300">1.26</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">AIDC业务增速较快，股价弹性较高</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">南都电源</td>
|
||
<td class="text-gray-300">UPS</td>
|
||
<td class="text-gray-300">100</td>
|
||
<td class="text-gray-300">100</td>
|
||
<td class="text-gray-300">200</td>
|
||
<td class="stock-up font-semibold">19%</td>
|
||
<td class="text-gray-300">31.59</td>
|
||
<td class="text-gray-300">5.69</td>
|
||
<td class="text-gray-300">15.8</td>
|
||
<td class="text-gray-300">2.84</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">AIDC与传统业务均衡发展</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">欧陆通</td>
|
||
<td class="text-gray-300">服务器电源</td>
|
||
<td class="text-gray-300">221</td>
|
||
<td class="text-gray-300">50</td>
|
||
<td class="text-gray-300">271</td>
|
||
<td class="stock-up font-semibold">69%</td>
|
||
<td class="text-gray-300">84.24</td>
|
||
<td class="text-gray-300">12.64</td>
|
||
<td class="text-gray-300">42.12</td>
|
||
<td class="text-gray-300">6.32</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">AIDC业务占比极高，股价弹性最大</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">玉柴国际</td>
|
||
<td class="text-gray-300">柴发发电机</td>
|
||
<td class="text-gray-300">74</td>
|
||
<td class="text-gray-300">30</td>
|
||
<td class="text-gray-300">104</td>
|
||
<td class="stock-up font-semibold">92%</td>
|
||
<td class="text-gray-300">25.27</td>
|
||
<td class="text-gray-300">3.29</td>
|
||
<td class="text-gray-300">12.64</td>
|
||
<td class="text-gray-300">1.64</td>
|
||
<td class="text-gray-300">45</td>
|
||
<td class="text-gray-300">AIDC业务增速最快，股价弹性最高</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">潍柴重机</td>
|
||
<td class="text-gray-300">柴发发电机</td>
|
||
<td class="text-gray-300">74</td>
|
||
<td class="text-gray-300">40</td>
|
||
<td class="text-gray-300">114</td>
|
||
<td class="stock-up font-semibold">31%</td>
|
||
<td class="text-gray-300">25.27</td>
|
||
<td class="text-gray-300">3.29</td>
|
||
<td class="text-gray-300">12.64</td>
|
||
<td class="text-gray-300">1.64</td>
|
||
<td class="text-gray-300">45</td>
|
||
<td class="text-gray-300">AIDC业务增速较快，股价弹性较高</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">泰豪科技</td>
|
||
<td class="text-gray-300">柴发OEM</td>
|
||
<td class="text-gray-300">49</td>
|
||
<td class="text-gray-300">35</td>
|
||
<td class="text-gray-300">84</td>
|
||
<td class="stock-up font-semibold">19%</td>
|
||
<td class="text-gray-300">16.85</td>
|
||
<td class="text-gray-300">2.19</td>
|
||
<td class="text-gray-300">8.42</td>
|
||
<td class="text-gray-300">1.1</td>
|
||
<td class="text-gray-300">45</td>
|
||
<td class="text-gray-300">AIDC业务增速稳定</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">明阳电气</td>
|
||
<td class="text-gray-300">变压器/开关柜</td>
|
||
<td class="text-gray-300">105</td>
|
||
<td class="text-gray-300">130</td>
|
||
<td class="text-gray-300">235</td>
|
||
<td class="stock-up font-semibold">37%</td>
|
||
<td class="text-gray-300">70.2</td>
|
||
<td class="text-gray-300">8.42</td>
|
||
<td class="text-gray-300">35.1</td>
|
||
<td class="text-gray-300">4.21</td>
|
||
<td class="text-gray-300">25</td>
|
||
<td class="text-gray-300">AIDC业务占比高，股价弹性较大</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="text-gray-300 font-semibold">金盘科技</td>
|
||
<td class="text-gray-300">变压器/开关柜</td>
|
||
<td class="text-gray-300">132</td>
|
||
<td class="text-gray-300">170</td>
|
||
<td class="text-gray-300">302</td>
|
||
<td class="stock-up font-semibold">57%</td>
|
||
<td class="text-gray-300">52.65</td>
|
||
<td class="text-gray-300">10.53</td>
|
||
<td class="text-gray-300">26.33</td>
|
||
<td class="text-gray-300">5.27</td>
|
||
<td class="text-gray-300">25</td>
|
||
<td class="text-gray-300">AIDC业务增速较快，股价弹性显著</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<script src="https://cdn.jsdelivr.net/npm/tsparticles@3/tsparticles.bundle.min.js"></script>
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// 初始化粒子背景
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const reportChart = new Chart(ctx, {
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</body>
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</html>
|
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``` |