新能源行业25Q1-3财务报告总结:光伏反内卷稍见成效,风电毛利率已企稳回升

东吴证券
Nov 14, 2025

(以下内容从东吴证券《新能源行业25Q1-3财务报告总结:光伏反内卷稍见成效,风电毛利率已企稳回升》研报附件原文摘录)摘要新能源板块光伏净利增长显著,风电发展稳健。2025Q1-3新能源板块实现收入11722亿元,同比-1%,实现归母净利润242亿元,同比-19%;Q3收入4138亿元,同比+2%,环比-3%,归母净利润118亿元,同比+41%,环比+68%。其中光伏板块2025Q1-3收入...

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