Core Viewpoint - The photovoltaic (PV) industry is experiencing a significant turnaround after a prolonged downturn, with the PV index rising over 30% from July 1 to November 14 this year, indicating renewed investor interest and potential recovery in the sector [1][2]. Group 1: Industry Performance - The PV sector was previously a high-performing area for many fund managers, particularly between 2020 and 2022, driven by favorable conditions such as tight silicon supply, high installation growth, and strong policy support [1]. - In 2023, a price war emerged, leading to a decline in the performance of leading companies and a significant drop in the stock prices of many star PV stocks [2]. - As of the third quarter of 2025, major companies like Sungrow Power and JA Solar have consistently remained in the top holdings of various funds, indicating a continued belief in the sector despite recent challenges [2]. Group 2: Fund Manager Strategies - Some fund managers, like Zheng Chengran from GF Fund, have maintained their positions in the PV sector, believing that the industry is on the verge of a new upward cycle, with expectations for recovery starting in early 2024 [2][3]. - Other managers, such as Lu Bin from HSBC Jintrust, have also shown confidence in the sector, reporting over 40% cumulative returns in their funds due to strategic investments in leading PV stocks [3]. - Conversely, some fund managers have exited the PV sector after significant losses, missing the recent rebound that began in July [4][5]. Group 3: Market Dynamics - The industry is witnessing a fundamental improvement in supply-demand dynamics, with a report indicating that the PV industry is moving towards price recovery and reduced losses for companies [6][7]. - The price of polysilicon has rebounded from a low of 35,000 yuan/ton to over 50,000 yuan/ton, reflecting the impact of policy interventions and industry self-discipline [7]. - The overall market sentiment is shifting positively, with public funds increasing their allocation to the PV sector as valuations remain attractive [7].

Core Insights - The China Energy Construction Corporation has announced a centralized procurement project for photovoltaic modules for the year 2025, with an estimated total scale of 17GW, divided into 8 bidding packages [4]. Group 1: Bidding Candidates and Prices - The bidding candidates for the first package (001) for 182mm TOPCon components include: - Hefei JA Solar Technology Co., Ltd. with a bid of 2,886 million yuan - JinkoSolar Holding Co., Ltd. with a bid of 2,916 million yuan - Trina Solar Limited with a bid of 2,906 million yuan - LONGi Green Energy Technology Co., Ltd. with a bid of 2,916 million yuan - Other candidates include Chint New Energy Technology Co., Ltd. and Tongwei Co., Ltd. with bids ranging from 2,864 million to 2,892 million yuan [1][5]. - For the second package (002) for 210mm TOPCon components, the bids are as follows: - Hefei JA Solar Technology Co., Ltd. with a bid of 721.5 million yuan - JinkoSolar Holding Co., Ltd. with a bid of 729 million yuan - Trina Solar Limited with a bid of 727 million yuan - Other candidates include Tongwei Co., Ltd. and LONGi Green Energy Technology Co., Ltd. with bids around 716 million to 723 million yuan [1][5]. - The third package (003) for HJT components has bids from: - Dongfang Risheng New Energy Co., Ltd. with a bid of 179.25 million yuan - Changshu Artes Solar Power Technology Co., Ltd. with a bid of 186.25 million yuan - Anhui Huasheng New Energy Technology Co., Ltd. with a bid of 186.5 million yuan [1][5]. Group 2: Project Overview - The centralized procurement project is part of China's efforts to enhance its solar energy capacity, with a significant focus on various types of photovoltaic components [4]. - The project is expected to stimulate competition among leading solar manufacturers in China, potentially leading to more competitive pricing and innovation in solar technology [4].

Core Insights - The rapid development of China's new energy industry is highlighted, with a focus on the "14th Five-Year Plan" achievements and the upcoming "15th Five-Year Plan" emphasizing energy security and the transition to a new energy system [1][5][9]. Group 1: Industry Development - The "15th Five-Year Plan" aims to promote quantum technology, biomanufacturing, hydrogen energy, and new energy storage as new economic growth points [1]. - During the "14th Five-Year Plan," China's energy consumption structure improved significantly, with the average cost of global wind power projects decreasing by over 60% and solar photovoltaic (PV) project costs dropping by over 80% in the past decade [3][5]. - The new energy sector is expected to transition from subsidy-dependent growth to a market-driven high-quality development phase during the "15th Five-Year Plan" [15]. Group 2: Technological Trends - The solar PV industry is focusing on optimizing silicon technology to maintain cost advantages, with a shift towards using less silver and more affordable metals like copper and aluminum [7]. - Lithium-ion batteries, particularly lithium iron phosphate batteries, are projected to dominate the new energy storage market, maintaining over 90% market share in the next five years [9]. - The integration of digital technologies in energy management is becoming crucial for enhancing operational efficiency and enabling smart decision-making in the energy sector [26][27]. Group 3: Market Dynamics - The global market for energy equipment is expected to reach approximately $1.27 trillion in 2024, with significant growth potential in the energy digitalization sector, projected to reach $173 billion by 2025 [27][28]. - The focus is shifting from merely increasing installed capacity to achieving efficient collaboration across the energy system, enhancing the penetration and reliability of new energy sources [11]. - The energy storage industry is urged to achieve equal treatment in capacity pricing with other flexible resources, emphasizing the need for fair compensation for the services provided by energy storage [9][15]. Group 4: Policy and Strategic Initiatives - The "15th Five-Year Plan" emphasizes the importance of energy security as a primary task for the energy industry, necessitating a shift towards a new energy system and collaborative strategies [5][13]. - The launch of the "Energy Digitalization Development White Paper" aims to explore the strategic significance and implementation paths for energy digitalization in China [28].

11月17日至20日，2025第八届中国国际光伏与储能产业大会在成都世纪城新国际会展中 心隆重举行。作为全球前三的光储行业国际盛会，本届大会以"光储同辉 融合赋能 智创未 来"为主题，汇聚全球智慧、链接产业资源、共商发展大计。在短短四天时间里，大会以高 标准的办会理念、高规格的嘉宾阵容、高水平的专业会议，打造中国光储产业"强磁场"， 从"蓉"出发，"链"接世界，为全球能源转型注入澎湃动力。 本届大会继续保持"高规格、高水平、高标准"历届特点，以全球化视野、专业化水准、产 业化担当，交出了一份亮眼的"成绩单"，多项数据创历史之最：国家、省、市各级重要领 导、全球领袖企业家、权威专家学者等嘉宾规格再创新高；外籍嘉宾的参会人数、联袂组织 的权威机构数量，均创历史之最；4天时间举办主会议、各类平行会议、晚会等共计45场， 参会、参展企业5000余家，各类项目签约总额超330亿元；隆重发布《"破除'内卷式'竞争 筑牢全球能源安全基石"成都宣言》、"太阳神"全球光储·中国名片系列大奖隆重颁 发、"2025中国光储节"盛大启幕、全球光储行业新媒体联盟隆重成立；全球200余家媒体 聚焦大会，全网传播量突破2亿人次。 自201 ...

11月17日至20日，2025第八届中国国际光伏与储能产业大会在成都世纪城新国际会展中心隆重举行。作 为全球前三的光储行业国际盛会，本届大会以"光储同辉融合赋能智创未来"为主题，汇聚全球智慧、链 接产业资源、共商发展大计。在短短四天时间里，大会以高标准的办会理念、高规格的嘉宾阵容、高水 平的专业会议，打造中国光储产业"强磁场"，从"蓉"出发，"链"接世界，为全球能源转型注入澎湃动 力。 本届大会继续保持"高规格、高水平、高标准"历届特点，以全球化视野、专业化水准、产业化担当，交 出了一份亮眼的"成绩单"，多项数据创历史之最：国家、省、市各级重要领导、全球领袖企业家、权威 专家学者等嘉宾规格再创新高；外籍嘉宾的参会人数、联袂组织的权威机构数量，均创历史之最；4天 时间举办主会议、各类平行会议、晚会等共计45场，参会、参展企业5000余家，各类项目签约总额超 330亿元；隆重发布《"破除'内卷式'竞争筑牢全球能源安全基石"成都宣言》、"太阳神"全球光储·中国名 片系列大奖隆重颁发、"2025中国光储节"盛大启幕、全球光储行业新媒体联盟隆重成立；全球200余家 媒体聚焦大会，全网传播量突破2亿人次。 自2018年起 ...

本次论坛发布了《"21世纪·新能新质"绿色低碳技术及应用案例（2025）》。 近年来，我国正在通过加大对新能源技术研发投入、优化能源结构、推进能源数字化转型。2025年政府工作报告提出，要新培 育一批国家级先进制造业集群，商业航天、北斗应用、新型储能等新兴产业快速发展；推动重点行业节能降碳改造，推进新能 源开发利用，非化石能源发电量占总发电量的比重接近40%等。 在这过程中，涌现出了一批彰显新能源高质量发展的优秀应用实践案例。为进一步提炼当前新能源领域优秀技术和应用案例， 具象化体现新能源新质生产力发展，21世纪经济报道能源策工作室联合中国国际光伏与储能大会组委会等机构举行"21世纪·新能 新质"应用优秀案例征集活动。 本次活动是继2023年、2024年连续发布《21世纪·绿色低碳转型关键技术及解决方案》后，再次面向新能源领域征集最新技术应 用前沿场景与方案，以进一步驱动我国新能源领域高质量发展以及能源转型。 11月19日下午，由南方财经全媒体集团指导、21世纪经济报道主办、中国国际光伏与储能产业大会组委会支持的2025第八届中 国国际光伏与储能产业大会暨21世纪·新能新质绿色能源发展论坛在四川成都举行。 经 ...

11月20日，2025第八届中国国际光伏与储能产业大会在成都落幕。本届大会以"光储同辉融合赋能智创未来"为主题，汇聚全球智慧、链接产业资源、共商 发展大计。大会秉持高标准的办会理念，凭借高规格的嘉宾阵容、高水平的专业会议，打造中国光储产业"强磁场"，从"蓉"出发，链接世界，为全球能源 转型注入澎湃动力。 本届大会继续保持历届"高规格、高水平、高标准"的特点，以全球化视野、专业化水准、产业化担当，交出了一份亮眼的"成绩单"，多项数据创历史之 最：外籍嘉宾的参会人数、联袂组织的权威机构数量，均创历史之最；举办主会议、各类平行会议、晚会等共计45场，参会、参展企业5000余家，各类项 目签约总额超330亿元；发布《"破除'内卷式'竞争筑牢全球能源安全基石"成都宣言》，颁发"太阳神"全球光储·中国名片系列大奖，"2025中国光储节"启 幕，全球光储行业新媒体联盟成立。全球200余家媒体聚焦大会，全网传播量突破2亿人次。 自2018年起，中国国际光伏与储能产业大会已连续成功举办八届，其行业引领力、全球影响力、项目带动力、综合辐射力持续增强。 大会以国际化视野构建了覆盖全球主要能源市场的合作网络，吸引了来自众多国家和地区 ...

本届大会继续保持"高规格、高水平、高标准"历届特点，以全球化视野、专业化水准、产业化担当，交出了一份亮眼的"成绩单"，多项数据创历史之最：国 家、省、市各级重要领导、全球领袖企业家、权威专家学者等嘉宾规格再创新高；外籍嘉宾的参会人数、联袂组织的权威机构数量，均创历史之最；4天时 间举办主会议、各类平行会议、晚会等共计45场，参会、参展企业5000余家，各类项目签约总额超330亿元；隆重发布《"破除'内卷式'竞争 筑牢全球能源安 全基石"成都宣言》、"太阳神"全球光储·中国名片系列大奖隆重颁发、"2025中国光储节"盛大启幕、全球光储行业新媒体联盟隆重成立；全球200余家媒体聚 焦大会，全网传播量突破2亿人次。 自2018年起，中国国际光伏与储能产业大会已连续成功举办八届，行业引领力、全球影响力、项目带动力、综合辐射力持续增强，已成为继上海SNEC光伏 大会和德国慕尼黑国际太阳能光伏展之后，全国乃至全球排名前三的光储行业国际盛会之一。 大会启动仪式现场 11月17日至20日，2025第八届中国国际光伏与储能产业大会在成都世纪城新国际会展中心隆重举行。作为全球前三的光储行业国际盛会，本届大会以"光储 同辉 融合赋 ...

Core Viewpoint - The event "Jin Jie You Cu" focused on addressing the needs of advanced energy industry enterprises, highlighting the importance of collaboration between government and businesses to enhance the energy sector in Chengdu [1][2]. Group 1: Enterprise Needs and Government Response - Key enterprises such as Chuan Kai Electric and Tongwei Solar expressed concerns regarding technical collaboration, funding support, and application scenarios, emphasizing the need for a platform for ongoing communication [1]. - The Chengdu government agencies, including the Science and Technology Bureau and the Economic and Information Bureau, provided immediate responses to the enterprises' requests, outlining solutions and timelines for implementation [1]. Group 2: Industry Development and Innovation - Chengdu has integrated the advanced energy industry into its 17 key industrial chains, with significant achievements such as the establishment of a national-level advanced manufacturing cluster and the inclusion of green hydrogen in the new industrial track [2]. - The industrial ecosystem is thriving, with 515 large-scale industrial enterprises and three billion-level leading companies, showcasing a complete industrial chain in hydrogen, photovoltaics, and lithium batteries [2]. - The revenue of large-scale industrial enterprises reached 130 billion yuan in the first three quarters of 2025, marking a 13.1% year-on-year growth, indicating robust development [2]. Group 3: Innovation and Technological Advancements - The region has established 40 technology innovation platforms and developed over 140 major technological equipment, with notable achievements in photovoltaic efficiency and solid-state battery technology [3]. - Significant progress has been made in hydrogen energy applications, including the operation of a solid-state hydrogen storage system and the establishment of a zero-carbon station in Ganzi [3].

Group 1 - The silicon energy concept sector experienced a decline of 6.72%, ranking among the top losers in the market, with companies like Daway Co., Ltd., Furui Co., and Chenguang New Materials hitting the daily limit down [1][2] - Major outflows of capital were observed in the silicon energy sector, with a net outflow of 4.717 billion yuan, affecting 49 stocks, including Longi Green Energy, which saw a net outflow of 872 million yuan [2][3] - The top stocks with significant capital outflows included TBEA Co. and JinkoSolar, with net outflows of 843 million yuan and 369 million yuan respectively [2][3] Group 2 - The top gainers in the market included the China Shipbuilding System, which rose by 3.24%, while the titanium dioxide concept fell by 7.12% [2] - The capital inflow leaders in the silicon energy sector were Guosheng Technology, Yuanxiang New Materials, and Furui Co., with inflows of 13.54 million yuan, 5.31 million yuan, and 4.23 million yuan respectively [4] - The trading volume for Longi Green Energy was 3.79%, while TBEA Co. had a turnover rate of 6.34% [3][4]