《大行》中金料明年光伏玻璃行业价格及成本趋稳 荐信义光能(00968.HK)福莱特(06865.HK)等

阿斯达克财经
Dec 23, 2025

中金发表报告指,光伏玻璃需求冷淡,库存天数加速上行,价格降至每平方米11.5元人民币,4家龙头企业盈利接近盈亏平衡线,其他企业亏损加深。供需方面,该行认为2026年产能利用率两极分化加深,若达到供需平衡,国内光伏玻璃产能相较今年需减产5,000至20,000吨。由于明年国内组件需求减弱,对应光伏玻璃需求下滑约23至36%;海外组件需求有望较今年增长约60GW,总需求有望达到150GW,该行测算仍...

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