电力设备新能源行业周报:看好TOKEN出海背景下电力运营商价值重估

光大证券
Mar 01

整体观点:1、重点关注电力运营商:(1)Token 出海:根据OpenRouter,2 月9 日-15 日及16 日-22 日这两周,中国模型Token 调用量均超过美国。中国Token 出海的优势包括电力成本低致Token价格便宜、模型性能接近、数字免税,并能实现电力不出境而Token 服务跨境输出,长期实现价格核心竞争力;(2)周期底、预期反转:136 号文、电价市场化等政策使得电价周期性更...

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