光伏“反内卷”行动继续，光伏50ETF（159864）盘中领涨超3%，近10日净流入超3亿元

Group 1 - The Ministry of Industry and Information Technology has issued a special energy-saving inspection task list for the polysilicon industry for 2025, continuing the industry's "anti-involution" actions [1] - The photovoltaic sector is experiencing a positive trend in "anti-involution," with ongoing production cuts leading to a decrease in photovoltaic glass inventory, which has dropped to approximately 32.59 days, a week-on-week decrease of 3.3 days or 9.1% [3] - The current state of the industry shows that most companies are operating at a loss, and there is potential for photovoltaic glass prices to rise to cost levels, which could lead to a recovery in profitability [3] Group 2 - The photovoltaic industry is under significant cash flow and debt pressure, motivating companies to achieve better supply-demand balance through self-regulation [4] - The industry has a high concentration level, allowing firms to optimize capacity and adjust supply-demand relationships through coordination of production and inventory, as well as mergers and acquisitions [4] - As of the end of 2024, the photovoltaic industry has the highest proportion of loss-making companies and industry concentration among all "anti-involution" sectors, indicating a strong potential for capacity clearance and financial improvement [4] Group 3 - Investors are encouraged to consider the photovoltaic 50 ETF (159864) for a comprehensive investment in the entire photovoltaic industry chain, including silicon materials, wafers, components, equipment, and power stations [5]