中金：25Q3光伏大幅减亏重点关注储能系统及PCS环节

智通财经2025-11-20

智通财经APP获悉，中金发布研报称，3Q25国内光伏需求因抢装结束有所走弱，但得益于反内卷的助力，主产业链、玻璃等环节财务报表大幅改善，后续重点关注组件涨价及4Q25硅料企业利润的进一步释放。储能/逆变器方面，国内以及美国、非美海外大储需求持续超预期，欧洲工商储需求及澳洲户储表现强劲，重点关注储能系统及PCS环节。中金主要观点如下：主产业链上游大幅修复，组件仍有待涨价中金指出，2025上半年抢装...

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中金：25Q3光伏大幅减亏 重点关注储能系统及PCS环节

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中金：25Q3光伏大幅减亏重点关注储能系统及PCS环节