AikoSolar(SH:600732) Di Yi Cai Jing·2025-06-16 13:06Core Viewpoint - Aiko Solar is focusing on building a sustainable BC ecosystem while maintaining stable pricing amidst intense competition in the photovoltaic industry [1][4]. Group 1: Strategic Collaborations - Since the second half of last year, Aiko Solar has engaged in strategic partnerships with upstream and downstream companies in the BC industry chain, such as Gaojing Solar and Skyworth Photovoltaics [1][4]. - During the SNEC exhibition, Aiko Solar signed over 600MW of centralized cooperation agreements and 1.6GW of distributed cooperation agreements, with a significant portion aimed at overseas markets [2]. Group 2: Market Position and Pricing Strategy - Aiko Solar's chairman emphasized the company's commitment to avoiding price wars and maintaining profitability, stating that no suppliers or distributors in the N-type BC ecosystem are currently selling at a loss [1]. - The average price of centralized BC components in the domestic market is 0.78 yuan/W, while commercial distributed BC components are priced at 0.8 yuan/W, which is higher than the average price of TOPCon components by over 0.1 yuan/W [1]. Group 3: Product Development and Cost Competitiveness - Aiko Solar's ABC components currently have slightly higher costs compared to TOPCon components, but the company expects to achieve cost parity by the second half of this year [2]. - The company plans to mass-produce solar modules with over 25% efficiency starting in the third quarter of this year, with a target of increasing overseas market share to 65% [2]. Group 4: Production Challenges and Technological Advancements - The large-scale production of BC technology faces high barriers, with Aiko Solar taking significant time to improve production yield from 70% to over 97% at its 10GW facility [3]. - The production cycle for ABC technology is longer than that of traditional TOPCon technology, posing challenges in maintaining yield and product quality [3].