TYN(SZ:000591) Xin Lang Cai Jing·2025-04-07 23:52Group 1 - The Chinese government has issued a document to improve the pricing policy for nearby transactions of renewable energy, optimizing the pricing mechanism for incremental distribution networks and promoting more commercial users to participate in market transactions [1] - The U.S. government announced a "reciprocal tariff" on global trade partners, with tariffs of 34% on China, 46% on Vietnam, 36% on Thailand, and 26% on India [1] - In February 2025, the national utilization rates for wind and solar energy were reported at 92.9% and 93.4% respectively, with a slight decrease from January [1] Group 2 - In February 2025, a total of 4,054 new renewable energy projects were registered in China, with 4,000 being solar projects, including 102 centralized and 3,898 distributed projects [2] - The National Energy Administration is seeking opinions on the implementation details for issuing green power certificates for renewable energy projects, which will be tradable for certain projects starting from January 1, 2023 [2] Group 3 - The average price of polysilicon remained stable at 40.0 CNY/kg for dense material and 38.0 CNY/kg for granular silicon, with low transaction volumes and significant inventory pressure in the industry [3] - The average price of 150um 182mm monocrystalline silicon wafers was stable at 1.15 CNY/piece, while 130um 183mm N-type wafers increased by 8.3% to 1.3 CNY/piece due to production disruptions from a recent earthquake [4] - The average price of M10 solar cells remained stable at 0.31 CNY/W, while TOPCon cells increased by 1.6% to 0.310 CNY/W, indicating a potential upward trend in prices due to rising demand [5] Group 4 - The average price of 182mm bifacial PERC modules remained stable at 0.65 CNY/W, while 182mm TOPCon double-glass modules increased by 1.4% to 0.75 CNY/W, driven by strong demand from end-users [5] - The price of 3.2mm coated photovoltaic glass remained stable at 22.0 CNY/m², while 2.0mm coated glass also held steady at 14.0 CNY/m² [6] Group 5 - Companies recommended for investment include Aiko Solar and Longi Green Energy in new technology, Flat Glass in supply-side improvement, and overseas layout companies such as Longi Green Energy and Sungrow Power Supply [7] - Other companies to actively monitor include Xinyi Solar, GCL-Poly Energy, Tongwei Co., and JA Solar Technology among others [7]