TRINA(SH:688599) Zhong Guo Jin Rong Xin Xi Wang·2025-06-16 01:27Core Insights - The SNEC photovoltaic exhibition showcased significant advancements in perovskite technology, with companies like Trina Solar presenting 800W+ perovskite tandem modules, indicating a shift towards innovative applications in the photovoltaic industry [1][5] - The industry is currently facing a homogenization of technology routes, with TOPCon technology becoming the dominant pathway, having fully replaced PERC since 2024, while HJT and BC technologies serve as supplementary options [2][3] - The over-concentration of production capacity in second-generation technologies like TOPCon, BC, and HJT has led to supply-demand imbalances, resulting in financial losses for many companies [3][4] Industry Trends - The photovoltaic industry is experiencing a shift towards perovskite technology, which offers higher theoretical efficiency (up to 43% when combined with traditional silicon) and lower production costs [4][5] - Trina Solar has achieved a world record with an 841W industrial standard perovskite tandem module, marking a significant step towards the commercialization of this technology [5][6] - The application boundaries of perovskite technology are expanding, moving from energy generation to energy services, with companies like BOE and Polysilicon Energy introducing innovative products for various sectors [7] Competitive Landscape - Major players in the photovoltaic sector are intensifying their focus on perovskite technology, with Trina Solar leading in patent holdings and aiming to establish a pilot production line for perovskite modules [5][6] - The competition is characterized by a race to enhance efficiency and reduce costs, as companies strive to differentiate themselves in a crowded market [3][4] - The emergence of perovskite technology is expected to disrupt traditional competition dynamics, paving the way for high-quality development in the industry [6]