电力设备与新能源行业周观察：海内外人形机器人产业布局加速价格法修正草案公开征求意见

华西证券2025-07-27

1.人形机器人海内外人形机器人产业布局加速随着国内外企业布局加速&AI 技术突破，人形机器有望迎来量产落地时点。在降本需求的驱动下，人形机器人核心零部件的国产替代需求强烈，市场空间广阔，率先取得突破的国内企业有望深度受益。2.新能源汽车固态电池产业化持续推进我们认为，电池技术的升级迭代始终是终端需求扩大的核心推动力，固态电池凭借高能量密度以及高安全性等优势，成为确定性的下一代电池技术方向。随着...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2554748750?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-07-27 00:00","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2554748750","market":"sh","top_or_hot":-1,"title":"电力设备与新能源行业周观察：海内外人形机器人产业布局加速 价格法修正草案公开征求意见","media":"华西证券","content":"<div>\n<p>1.人形机器人海内外人形机器人产业布局加速随着国内外企业布局加速&AI 技术突破，人形机器有望迎来量产落地时点。在降本需求的驱动下，人形机器人核心零部件的国产替代需求强烈，市场空间广阔，率先取得突破的国内企业有望深度受益。2.新能源汽车固态电池产业化持续推进我们认为，电池技术的升级迭代始终是终端需求扩大的核心推动力，固态电池凭借高能量密度以及高安全性等优势， 成为确定性的下一代电池技术方向。随着...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250727201119a6c42e22&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>电力设备与新能源行业周观察：海内外人形机器人产业布局加速 价格法修正草案公开征求意见</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n电力设备与新能源行业周观察：海内外人形机器人产业布局加速 价格法修正草案公开征求意见\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-27 00:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250727201119a6c42e22&s=b><strong>华西证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1.人形机器人海内外人形机器人产业布局加速随着国内外企业布局加速&AI 技术突破，人形机器有望迎来量产落地时点。在降本需求的驱动下，人形机器人核心零部件的国产替代需求强烈，市场空间广阔，率先取得突破的国内企业有望深度受益。2.新能源汽车固态电池产业化持续推进我们认为，电池技术的升级迭代始终是终端需求扩大的核心推动力，固态电池凭借高能量密度以及高安全性等优势， 成为确定性的下一代电池技术方向。随着...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250727201119a6c42e22&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"601012","symbol_name":"隆基绿能","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250727201119a6c42e22&s=b","article_id":"2554748750","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250727201119a6c42e22&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2554748750","pubTimestamp":1753545600,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"风险提示新能源汽车行业发展不达预期；新能源装机、限电改善不达预期；产品价格大幅下降风险；电网建设不及预期、招中标情况不及预期等。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"510610":"能源行业","600438":"通威股份","600487":"亨通光电","600522":"中天科技","600732":"爱旭股份","601012":"隆基绿能","688223":"晶科能源","688599":"天合光能","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","BK0188":"融资融券","LU0228659784.USD":"施罗德金砖四国基金","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","BK0187":"一线龙头","LU1997245177.USD":"安联神洲A股基金","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU2153592121.USD":"Aberdeen Standard SICAV I - Emerging Markets Sustainable Development Equity A Acc USD","BK0028":"国家队","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BK0054":"太阳能发电","BK0201":"可转债","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU2153591404.USD":"Aberdeen Standard SICAV I - Asian Sustainable Development Equity A Acc USD","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","BK0175":"白马股","LU2348774022.SGD":"Aberdeen Standard SICAV I - Emerging Markets Sustainable Development Equity A Acc SGD-H","CLPXY":"龙源电力ADR","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","00916":"龙源电力","BK0196":"行业龙头","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU1146622755.USD":"安本中国A股股票基金A Acc","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0048580855.USD":"富达大中华区A","LU2348773727.SGD":"Aberdeen Standard SICAV I - Asian Sustainable Development Equity A Acc SGD-H","BK0224":"电气机械","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD"},"translate_title":"Power Equipment and New Energy Industry Weekly Observation: The layout of the humanoid robot industry at home and abroad is accelerating, and the draft amendment to the Price Law is publicly solicited for opinions","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"510610":1,"600438":0.9,"600487":0.9,"600522":0.9,"600732":0.9,"601012":0.9,"688223":0.9,"688599":0.9,"00916":0.9,"CLPXY":0.9},"content_text":"1.人形机器人海内外人形机器人产业布局加速随着国内外企业布局加速&AI 技术突破，人形机器有望迎来量产落地时点。在降本需求的驱动下，人形机器人核心零部件的国产替代需求强烈，市场空间广阔，率先取得突破的国内企业有望深度受益。2.新能源汽车固态电池产业化持续推进我们认为，电池技术的升级迭代始终是终端需求扩大的核心推动力，固态电池凭借高能量密度以及高安全性等优势， 成为确定性的下一代电池技术方向。随着电池技术的成熟以及产业链配套的完善，固态相关新产品有望陆续发布、产能建设不断落地、终端性能预计持续获得验证，固态电池的产业化进程加速。材料、电池、设备等全产业链各环节均有望实现迭代升级，看好具备技术优势、订单率先落地以及实现放量的公司。3.新能源价格法修正草案公开征求意见此次价格法修正草案中明确提出治理“内卷式”竞争， 叠加上游产能具备整合预期，光伏行业有望回归有序竞争态势。我们认为此轮反内卷力度较大，应重视光伏产业链反转逻辑，近期上游硅料、硅片价格已出现上涨态势，后续有望向下游顺利传导：①上游原材料价格上调，后续组件价格有望向上， 按合理利润测算，短期具备反弹空间。受益标的：晶澳科技、天合光能、晶科能源等。②BC 电池效率持续优化，凭借高效率产品的差异化竞争优势，较主流产品形成溢价，有望增厚相关企业盈利能力。受益标的：爱旭股份，隆基绿能。③同时看好具备产能整合预期的硅料环节。受益标的：大全能源、通威股份、新特能源、协鑫科技。④根据SMM 光伏视界报道，多数玻璃企业计划7 月开始减产改善供应端，减产规模预计将达到30％，光伏玻璃率先主动减产，有望缓解库存和价格压力。受益标的：福莱特、信义光能、亚玛顿、旗滨集团。龙源电力启动江苏1300MW 海风项目前期专题编制招标2025 年1 月20 日，江苏省发改革委发布了《关于江苏省2024年度海上风电项目竞争性配置中选主体情况的公示》，明确7.65GW 项目由龙源电力集团、江苏国信集团、华电集团、华能江苏、国电投江苏、华润电力江苏、大唐国际和三峡新能源牵头组成的联合体作为竞配主体。截至目前，江苏第一轮2.65GW项目陆续推进，部分项目的管桩/海塔已陆续发货；本次参与前期专题编制招标的江苏第二轮海风项目也已率先开始前期招标，我们预计后续产业链招标各环节也有望接续展开。我们看好国内重点海风区域的推进速度，预计25-30 年江苏有望贡献超10GW 海风装机，相关受益标的包括海力风电、中天科技、亨通光电、天顺风能、金风科技等。4.电力设备&AIDC谷歌上调全年资本开支随着AI 快速发展，海内外算力需求均呈现快速增长，AIDC 产业链将深度受益，我们持续看好供需关系紧张的大功率柴发环节、AIDC 高密化&高功耗带来的高功率密度服务器电源需求，以及为适配高功耗芯片的散热需求拉动的液冷系统及零部件需求。风险提示新能源汽车行业发展不达预期；新能源装机、限电改善不达预期；产品价格大幅下降风险；电网建设不及预期、招中标情况不及预期等。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2554748750","isCrawlerRequest":true}

电力设备与新能源行业周观察：海内外人形机器人产业布局加速 价格法修正草案公开征求意见

精彩评论

电力设备与新能源行业周观察：海内外人形机器人产业布局加速价格法修正草案公开征求意见