四方股份二次设备领军者，源网荷储筑空间

华泰证券2025-07-01

一、公司核心竞争力与市场地位四方股份作为国内电网二次设备行业的领军者，具备深厚的技术积淀。其在主网二次设备领域的市场份额稳中有升，并持续扩大配网业务布局。华泰研究指出，公司在海上风电、风光大基地等新能源领域也占据行业前列位置，同时深耕传统能源市场，展现出较强的综合竞争力。二、电网端业务发展预期在电网端，主网二次设备需求稳步增长，预计2024-2026年主网整体投资复合年增长率(CAGR)将达到...

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