反“内卷”动作不断，剑指汽车、光伏等行业低价无序竞争

Group 1 - The government is taking measures to eliminate "involution" competition in industries such as photovoltaic and automotive sectors, emphasizing the need for quality improvement and orderly exit of outdated capacities [1][2][3] - The Central Economic Committee's recent meeting highlighted the importance of legally regulating low-price disorderly competition and guiding companies to enhance product quality [3][6] - The photovoltaic industry is facing significant challenges, with projected net profits for 68 listed companies in 2024 expected to be approximately -256.56 billion yuan, a stark contrast to 993.44 billion yuan in 2023 [3][4] Group 2 - The photovoltaic sector is experiencing a supply-demand imbalance, with a projected 28.3% year-on-year increase in new installations in 2024, yet prices for key components have dropped significantly, impacting profitability [4][5] - The automotive industry is also struggling with a low profit margin of 4.3% in 2024, leading to concerns about sustainability in research and development due to price wars [5][6] - The Ministry of Industry and Information Technology (MIIT) is actively addressing the "involution" competition in both the photovoltaic and automotive sectors, promoting high-quality development and long-term cooperation among enterprises [6][7] Group 3 - The MIIT has revised regulations for the photovoltaic manufacturing industry to enhance management and set higher technical standards, aiming to prevent redundant capacity [7][8] - There is an expectation of increased mergers and acquisitions in the photovoltaic and automotive sectors as part of the natural evolution towards industry maturity [8][9] - The current market conditions, including stagnant market capacity and declining profits, indicate that the automotive industry is entering a mature phase, necessitating stricter control over new capacity and encouragement of consolidation [8][9]