Core Viewpoint - The solar energy sector has experienced a significant surge, driven by rumors of potential silicon material storage and a broader "anti-involution" trend in the industry [2][8]. Group 1: Market Performance - On July 8, the solar energy sector saw a collective explosion, with stocks like Shihang New Energy hitting a 20% limit up, Daqian Energy rising nearly 16%, and Tongwei Co. also reaching the limit up [2][3]. - Nearly 20 stocks in the solar sector experienced limit up or over 10% gains, indicating strong market enthusiasm [4][5]. - The Hong Kong market also reflected this trend, with the solar sector rising over 5%, and several companies achieving gains of 7% or more [5]. Group 2: Silicon Material Pricing - Multi-crystalline silicon futures continued to rise, with the main contract closing up 4.82%, reaching a two-and-a-half-month high [6]. - According to Mysteel's research, prices for multi-crystalline silicon are expected to be above 40 yuan per kilogram, with some companies halting quotes as they reassess costs [7]. - There are indications that silicon wafer companies are considering price increases, while component manufacturers are also expected to raise prices soon [7]. Group 3: Industry Trends and Expectations - The "anti-involution" concept is gaining traction in the solar industry, with companies collaborating to raise prices to alleviate cost pressures and losses [8][9]. - Analysts suggest that the current market dynamics may lead to a three-phase development of the "anti-involution" trend, starting with policy-driven expectations, followed by resource price increases, and finally sustained high prices [9].

【导读】发生了什么？亚玛顿上演"地天板"，千亿巨头工业富联涨停 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3493.16 | 10568.25 | 1418.10 | | +20.04 +0.58% +132.74 +1.27% +16.17 +1.15% | | | | 科创50 | 创业板指 | 万得全A | | 991.06 | 2178.22 | 5377.90 | | +12.77 +1.31% +48.04 +2.26% +47.03 +0.88% | | | 来看市场上的最新热点—— | | | Wind热门概念指数 | | | | --- | --- | --- | --- | --- | | 光伏玻璃 5.42% | 光伏逆变器 4.82% | 钙钛矿电池 4.34% | 电路板 4.32% | 光伏屋顶 4.29% | | HJT电池 4.14% | 硅能源 4.01% | 光伏 3.95% | 电源设备 3.88% | CRO 3.83% | | 核电 -0.29% | 反关税 -0.35% | 号文件 -0.40% | 冰雪旅游 -0.4 ...

| 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.07.07 | 7.75 | 26.30 | -16348.24 | | 2025.07.04 | 10.01 | 18.31 | 1836.88 | | 2025.07.03 | 10.02 | 1.29 | 2524.60 | | 2025.07.02 | 10.00 | 4.11 | 4602.27 | | 2025.07.01 | -3.41 | 3.70 | 125.32 | | 2025.06.30 | 4.87 | 2.49 | 610.27 | | 2025.06.27 | 1.25 | 1.03 | 100.42 | | 2025.06.26 | -0.78 | 0.90 | -46.81 | | 2025.06.25 | 0.33 | 0.98 | -8.89 | | 2025.06.24 | 2.00 | 1.40 | -181.49 | 亚玛顿再度涨停，5个交易日内录得4个涨停，累计涨幅为57.82%，累计换手率为70.56%。截至11:0 ...

Core Viewpoint - The photovoltaic sector in the A-share market has shown significant strength, with multiple companies experiencing substantial stock price increases, indicating a positive market sentiment and potential recovery in the industry [1][2]. Group 1: Market Performance - Major photovoltaic stocks such as Daqo Energy surged over 15%, while Yicheng Optoelectronics, Tuori New Energy, and others hit the 10% daily limit [1]. - The total market capitalization of Daqo Energy reached 58.7 billion, with a year-to-date increase of 13.42% [2]. - Other notable performers included Tongwei Co. with a market cap of 90.1 billion and a year-to-date decline of 9.45%, and Junda Co. with a market cap of 12.3 billion and a year-to-date decline of 17.95% [2]. Group 2: Industry Developments - On July 3, the Ministry of Industry and Information Technology held a meeting with photovoltaic manufacturing enterprises, emphasizing the need to address disorderly competition in the industry [2][3]. - The government has requested major photovoltaic companies to report their cost prices promptly, warning that continued sales below cost could lead to severe penalties [3]. - The industry is coalescing around a consensus to combat "involution," with various segments like silicon materials and photovoltaic glass exploring market-driven capacity clearing [3][4]. Group 3: Policy and Regulatory Environment - Industry insiders believe that policy measures should play a crucial role in the current phase, although the process of capacity clearing remains complex due to local interests [4]. - There are calls to avoid unreasonable local protectionism to prevent a situation of "clearing while increasing" capacity [4].

亚玛顿（002623）盘中涨停，上演"地天板"，成交额8.19亿元。 ...

New Stock Issuance - Huadian New Energy (证券代码: 730930) issued shares at a price of 3.18 on July 7, 2025[1] - Jichuan Pharmaceutical (证券代码: 600566) has a tender offer period from June 18 to July 17, 2025[1] - ST Yazhen (证券代码: 603389) has a tender offer period from June 10 to July 9, 2025[1] Trading Alerts - The last trading day for TSM Jinguang (证券代码: 600190) is in 9 trading days[1] - The last trading day for TSM Jinyou (证券代码: 600462) is in 5 trading days[1] - The last trading day for TSM Gongzhi (证券代码: 000584) is in 3 trading days[1] Abnormal Fluctuations - Northern Long (证券代码: 301357) is experiencing severe abnormal fluctuations[1] - ST Dongjing (证券代码: 002199) reported abnormal fluctuations[3] - ST Yunchuang (证券代码: 835305) reported abnormal fluctuations on July 4, 2025[3]

江苏通江律师事务所 关于常州亚玛顿股份有限公司 2025 年第一次临时股东大会的法律意见书 致：常州亚玛顿股份有限公司 常州亚玛顿股份有限公司（以下简称"公司"）于 2025 年 7 月 7 日 14 点 30 分以现场会议与网络投票相结合的形式召开 2025 年度 第一次临时股东大会，江苏通江律师事务所（以下简称"本所"）接 受公司的委托，指派徐渊、周清律师出席会议，并根据《中华人民共 和国公司法》（以下简称"公司法"）、《中华人民共和国证券法》（以 下简称"证券法"）、中国证券监督管理委员会《上市公司股东大会 规则》（以下简称"股东大会规则"）和《常州亚玛顿股份有限公司 章程》（以下简称"公司章程"），就本次股东大会出具法律意见书。 为出具本法律意见书，本所律师对公司本次股东大会所涉及的有 关事项进行了审查，查阅了公司提供的本次股东大会有关文件和资料， 同时听取了公司人员就有关事实的陈述和说明。 公司已向本所承诺：公司所提供的文件和所作陈述及说明是完整 的、真实的和有效的，有关原件及其上面的签字和印章是真实的，且 一切足以影响本法律意见书的事实和文件均已向本所披露，无任何隐 瞒、疏漏之处。 本所律师仅根据 ...

证券代码：002623 证券简称：亚玛顿 公告编号：2025-031 常州亚玛顿股份有限公司 4、本次股东大会以现场投票和网络投票相结合的方式召开。 二、会议通知情况 2025 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 公司董事会于 2025 年 6 月 21 日在《证券时报》《中国证券报》《上海证券报》 《经济参考报》和公司指定信息披露网站巨潮资讯网（http://www.cninfo.com. cn）上刊登了《关于召开 2025 年第一次临时股东大会的通知》（公告编号：20 25-028）。 三、会议召开基本情况 一、重要提示： 1、为尊重中小投资者利益，提高中小投资者对公司股东大会决议的重大事 项的参与度，根据国务院办公厅《关于进一步加强资本市场中小投资者合法权益 保护工作的意见》（国办发〔2013〕110 号）文件精神，本次股东大会采用中小 投资者单独计票。中小投资者是指除上市公司的董事、监事、高级管理人员和单 独或者合计持有上市公司 5%以上股份的股东。 2、本次股东大会无增减、变更、否决议案的情况。 3、本次股东 ...

Group 1 - The market focus is on leading stocks, with notable performances from LiuGao Co., which opened up 3.10%, and innovative drug concept stocks such as Sairui Medical, which opened up 3.89% [1][2] - Huayin Electric, a power stock, achieved a limit-up increase, marking its third consecutive day of gains [1][2] - Other stocks in the market included GuangShengTang, which opened up 6.17%, and WeiXinKang, which opened up 7.18%, indicating a positive trend in the healthcare sector [1][2] Group 2 - The stock performance data shows LiuGao Co. at 5.32 with a 3.10% increase, Sairui Medical at 21.90 with a 3.89% increase, and GuangShengTang at 54.51 with a 6.17% increase [2] - Huayin Electric is listed at 6.70 with a significant increase of 10.02%, reflecting strong investor interest [2] - Other notable stocks include YaMaTon, which opened down 1.93%, and HuoHui Co., which opened down 1.58%, indicating mixed performance in the market [2]

Core Viewpoint - The A-share photovoltaic sector has experienced a significant rebound since July 2, with notable increases in stock prices for companies like Yamaton and Yijing Photovoltaic, indicating a potential turning point after three years of decline [1][3]. Group 1: Market Performance - Since July 2, 2025, Yamaton and Yijing Photovoltaic saw stock price increases of 33% and 26% respectively over three trading days [1]. - Major companies such as Daqo Energy and Tongwei Co. also experienced gains exceeding 10% [1]. - The photovoltaic sector has faced a cumulative decline of over 50% since its peak in 2022, with some leading companies suffering losses of over 80% [3]. Group 2: Government Policy and Industry Outlook - The sixth Central Financial Committee meeting emphasized the need to regulate low-price competition and promote the exit of outdated production capacity in the photovoltaic sector [5][6]. - This policy direction is seen as a potential precursor to a supply-side reform similar to that initiated in the coal and steel industries in 2015 [7][10]. - The Ministry of Industry and Information Technology held a meeting focusing on the photovoltaic industry, where it was discussed to control the total production of polysilicon to not exceed 1.4 million tons by 2030, indicating a potential reduction of over 56% in capacity [8][9]. Group 3: Industry Dynamics and Investment Opportunities - The current market sentiment reflects a belief that the photovoltaic industry may be on the verge of a significant turnaround, with expectations of concrete policy implementations soon [15][19]. - A proposed alliance among six leading polysilicon companies aims to establish a 70 billion yuan fund to acquire and retire excess production capacity, which could facilitate a more orderly market exit for smaller firms [17][18]. - The current cash cost of polysilicon production for leading companies is around 27,000 to 35,000 yuan per ton, with a reasonable price expectation of 45,000 to 50,000 yuan to ensure profitability [25][26]. Group 4: Market Structure and Future Prospects - The global polysilicon market is heavily concentrated in China, with the top six companies accounting for over 80% of the market share [21]. - The integration of polysilicon production is expected to be less challenging compared to other segments, suggesting a higher potential for price recovery [22]. - The photovoltaic sector's overall valuation is currently at a historical low after three years of decline, indicating potential for valuation recovery as fundamental conditions improve [27].