Jin Rong Jie·2025-07-31 03:30Group 1 - The photovoltaic stocks experienced a decline in early trading, with New Special Energy down 4.75% at 7.02 HKD, Flat Glass down 3.52% at 10.42 HKD, Xinyi Solar down 3.75% at 3.08 HKD, and Xinyi Glass down 3.75% at 8.22 HKD [1] - The China Photovoltaic Industry Association issued a clarification regarding recent rumors about the industry's internal competition, particularly concerning polysilicon, stating that the information circulating is severely inconsistent with the actual situation [1] - The association emphasized the importance of relying on official information and acknowledged the challenges ahead in promoting a market-oriented approach to mitigate unhealthy competition [1] Group 2 - The clarification from the association may relate to market rumors about the polysilicon industry's consolidation efforts [1] - Recent data indicated that polysilicon production reached 25,500 tons last week, an increase of 2,500 tons compared to the previous week, while downstream production remains low [1] - Despite the marginal weakening of the polysilicon fundamentals, prices are expected to remain strong due to market sentiment and policy expectations, although caution is advised regarding potential policy shortcomings and subsequent price corrections [1]