此次传言发酵与多晶硅行业的困境及近期波动密切相关。受供需严重失衡影响，硅产业链已陷入亏损失 血运营许久，其中多晶硅环节低于成本价销售超14个月，企业普遍经营困难。而近期，在"反内卷"政策 预期和市场情绪推动下，光伏产业链明显回暖，多晶硅价格触底反弹，涨幅超30%。期货市场上，多晶 硅表现尤为抢眼，6月25日至7月24日，其主力合约受"收储时间表明确""前六企业联合挺价"等未经证实 的消息影响，区间最大涨幅一度超80%。二级市场上，通威股份等硅料企业股价也一改颓势，重拾涨 势。针对这一失控涨势，广期所已通过调整工业硅、多晶硅等期货合约的涨跌停板幅度、交易保证金标 准等方式为市场降温。 行业治理的政策信号也为市场情绪添柴。7月28日，全国工业和信息化主管部门负责同志座谈会在京召 开，会议明确提出要加强光伏等重点行业治理，以标准提升倒逼落后产能退出。此前，多晶硅材料制备 技术国家工程实验室主任严大洲也在光伏行业论坛上透露，国家正计划修改多晶硅标准体系，助推淘汰 落后产能。 值得关注的是，外资机构对"反内卷"政策的效果有不同视角。摩根士丹利7月23日发布的研报《中国： 反内卷——通缩解药》指出，反内卷需供给侧优化与需 ...

| 代码 | 简称 | 业绩预告发布日期 | 预计净利润上限（万元） | 预计净利润下限（万元） | | --- | --- | --- | --- | --- | | 000002 | 万科A | 2025.07.15 | -1000000.00 | -1200000.00 | | 600340 | 华夏幸福 | 2025.07.12 | -550000.00 | -750000.00 | | 600438 | 通威股份 | 2025.07.15 | -490000.00 | -520000.00 | | 000656 | *ST金科 | 2025.07.15 | -300000.00 | -450000.00 | | 002129 | TCL中环 | 2025.07.10 | -400000.00 | -450000.00 | | 600383 | 金地集团 | 2025.07.15 | -340000.00 | -420000.00 | | 000488 | ST晨鸣 | 2025.07.15 | -350000.00 | -400000.00 | | 600657 | 信达地产 | 2025.07.1 ...

Core Viewpoint - The China Photovoltaic Industry Association has clarified recent market rumors regarding "anti-involution" in the photovoltaic industry, particularly concerning polysilicon, stating that the information circulating is significantly inaccurate and urging the public not to believe or spread rumors [1][3]. Industry Summary - The association aims to promote "anti-involution" efforts based on legal and market principles, seeking to eliminate vicious competition in the industry [3]. - Although specific details of the rumors were not disclosed, there were market speculations about potential capacity consolidation in the polysilicon sector, which led to a rebound in polysilicon futures, rising over 4% during trading [3]. - On July 28, a meeting was held by national industrial and information authorities emphasizing the need to strengthen governance in key industries like photovoltaics, aiming to phase out outdated production capacity through enhanced standards [5]. - The recent statements from the Ministry of Industry and Information Technology align with the China Photovoltaic Industry Association's previous calls to revise polysilicon energy consumption standards to facilitate the exit of outdated capacity [5]. - Analysts from Hongyi Futures noted that polysilicon is a core product in the current "anti-involution" movement, with strong market expectations driven by policy news and rumors, which support price stability [5]. - According to Galaxy Futures, if the capacity consolidation meeting yields positive results, the long-term outlook for polysilicon could reverse, leading to a potential increase in futures prices [6]. Market Reaction - Following the clarification and market rumors, the photovoltaic index in the A-share market rebounded, with companies like Foster and Hewei Electric hitting the daily limit, while polysilicon firms such as GCL-Poly, Daqo Energy, New Special Energy, and Tongwei Co. saw stock increases of 7.69%, 5.17%, 4.40%, and 3.45% respectively [4].

Group 1 - In 2025, three Sichuan companies made it to the Fortune Global 500 list, namely New Hope Group, Shudao Investment Group, and Tongwei Group [1] - Compared to last year, the rankings of these companies have declined, with New Hope Group at 426th (down 48 places), Shudao Investment Group at 454th (down 18 places), and Tongwei Group at 479th (down 12 places) [1] - Sichuan companies have been on the Global 500 list for four years, with New Hope Group being the first to enter in 2021, followed by Shudao Investment Group and Chengdu Xincheng Investment Group in 2022, and Tongwei Group in 2023 [1] Group 2 - Overall, China has 130 companies on the list this year, a decrease of three from last year, with 124 companies from mainland China (including Hong Kong), down four from last year [2] - The total revenue of the companies on the list is approximately $41.7 trillion, which is over one-third of the global GDP, reflecting a growth of about 1.8% from last year [2] - The minimum sales revenue required to enter the list increased from $32.1 billion to $32.2 billion, while the total net profit of the listed companies grew by approximately 0.4% to around $2.98 trillion [2]

近日，公司已完成2025年度第一期绿色科技创新债券发行工作，发行结果如下： ■ 本次发行的募集资金已于2025年7月29日全额到账。 股票代码：600438 股票简称：通威股份 公告编号：2025-068 债券代码：110085 债券简称：通22转债 通威股份有限公司2025年度 第一期绿色科技创新债券发行结果公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 通威股份有限公司（以下简称"公司"）第八届董事会第二十二次会议及2025年第一次临时股东大会审议 通过了《关于申请注册发行债务融资工具（DFI）的议案》，准许公司根据公司实际资金需求情况，在 中国银行间市场交易商协会注册有效期内择机一次或分期发行债务融资工具，具体内容详见公司在上海 证券交易所网站（www.sse.com.cn）披露的相关公告。 2025年4月28日，公司收到中国银行间市场交易商协会（以下简称"交易商协会"）下发的《接受注册通 知书》（中市协注[2025]DFI27号）。《接受注册通知书》中明确：交易商协会决定接受公司债务融资 工具注册；注册自通知书落 ...

通威股份有限公司 2025 年度 股票代码：600438 股票简称：通威股份 公告编号：2025-068 债券代码：110085 债券简称：通 22 转债 通威股份有限公司（以下简称"公司"）第八届董事会第二十二次会议及 的议案》，准许公司根据公司实际资金需求情况，在中国银行间市场交易商协会 注册有效期内择机一次或分期发行债务融资工具，具体内容详见公司在上海证券 交易所网站（www.sse.com.cn）披露的相关公告。 商协会"）下发的《接受注册通知书》（中市协注[2025]DFI27 号）。《接受注册 通知书》中明确：交易商协会决定接受公司债务融资工具注册；注册自通知书落 款之日（2025 年 4 月 28 日）起 2 年内有效；公司在注册有效期内可分期发行 超短期融资券、短期融资券、中期票据、永续票据、资产支持票据、绿色债务融 资工具等产品，也可定向发行相关产品；每期发行时应确定当期主承销商、发行 产品、发行规模、发行期限等要素。具体内容详见公司于 2025 年 4 月 30 日在 上海证券交易所网站（www.sse.com.cn）及《中国证券报》《上海证券报》《证 券日报》《证券时报》和《 》披露的相 ...

新京报贝壳财经讯（记者朱玥怡）随着政策层面的反内卷预期增强，多只光伏个股7月29日迎来上涨。 （文章来源：新京报） 工信部电子信息司二级巡视员吴国纲在会上表示，电子信息司将深入贯彻落实党中央、国务院决策部 署，规范光伏行业发展，推动落后产能有序退出，强化规范条件的政策引导作用，定期公告符合规范条 件的企业名单，实行社会监督和生产管理。 多晶硅材料制备技术国家工程实验室主任严大洲也在此次会议上透露，为推动落后产能出清，目前业内 正在推进修订多晶硅单位产品综合能耗标准，拟将1级多晶硅单位产品综合能耗限额从≤7.5 kgce/kg调整 为≤5 kgce/kg，2级和3级也拟相应下调。 消息层面，7月28日全国工业和信息化主管部门负责同志座谈会召开，会上提出加强光伏等重点行业治 理，以标准提升倒逼落后产能退出。 近期相关部委已多次就加强光伏行业治理发声。7月3日，工信部召开第十五次制造业企业座谈会，聚焦 光伏产业高质量发展，14家光伏企业参与。工业和信息化部党组书记、部长李乐成在会上提出，要依法 依规、综合治理光伏行业低价无序竞争，引导企业提升产品品质，推动落后产能有序退出，实现健康、 可持续发展。 在中国光伏行业协 ...

Investment Rating - The report maintains a "Positive" investment rating for the photovoltaic industry [9] Core Insights - The current round of anti-involution in the photovoltaic sector is marked by a more mature and pragmatic approach compared to the previous round, initiated by a series of policy and corporate events starting from late June [3][6] - The government has shown increased attention and clearer communication regarding the photovoltaic industry, with higher-level officials participating in discussions and setting more stringent regulations [6][22] - Companies and industry associations are taking proactive steps to address issues, demonstrating a higher degree of consensus and commitment to compliance with pricing regulations [6][26] Summary by Sections Overview - The report highlights that the current anti-involution measures are more mature and pragmatic than previous efforts, with significant developments in both policy and corporate actions since late June [3][6] Government and Corporate Attitudes - Government officials have publicly emphasized the need to regulate low-price competition and improve product quality, with more structured meetings and discussions involving higher-level participants [6][18] - Companies have taken the initiative to propose practical solutions and have shown a stronger commitment to enforcing pricing regulations, leading to a more unified industry response [6][26] Capacity and Production Measures - The focus has shifted from quota-based production limits to a strategy of consolidating capacity, particularly in the silicon material sector, where leading companies are acquiring smaller firms to manage supply and demand effectively [6][28] Pricing Measures - The current measures extend price controls beyond just components to include silicon materials, silicon wafers, batteries, and modules, with a higher baseline price established compared to previous rounds [6][36] - Recent price increases have been observed across all segments, with silicon material prices rising significantly, indicating a recovery towards reasonable levels [7][42] Investment Opportunities - The report identifies significant investment opportunities in silicon materials and battery components, highlighting specific companies such as Tongwei Co., GCL-Poly Energy, and LONGi Green Energy as key players to watch [7][36]

（文章来源：证券日报） 证券日报网讯 7月29日晚间，通威股份发布公告称，近日，公司已完成2025年度第一期绿色科技创新债 券发行工作。 ...

Group 1 - The 2025 Fortune Global 500 list reveals that three companies from Sichuan, China, made the rankings: New Hope Group (ranked 426), Sichuan Road and Bridge Group (ranked 454), and Tongwei Co., Ltd. (ranked 479) [1] - New Hope Group was the first Sichuan company to enter the Global 500 in 2021, followed by Sichuan Road and Bridge Group and Chengdu Xingcheng Group in 2022, marking significant milestones for local enterprises [1] - Tongwei Co., Ltd. became the first company in the global photovoltaic industry to enter the Global 500 in 2023, highlighting a breakthrough for Sichuan's manufacturing sector [1] Group 2 - The total revenue of the companies in the 2025 Fortune Global 500 is approximately $41.7 trillion, which exceeds one-third of the global GDP, reflecting a growth of about 1.8% compared to 2024 [2] - The entry threshold for the Global 500 increased from $32.1 billion to $32.2 billion, indicating a competitive landscape for companies aiming to be listed [2] - The total net profit of the listed companies grew by approximately 0.4% year-on-year, reaching around $2.98 trillion, while both total assets and net assets hit record highs since the inception of the Global 500 [2]