光伏行业“反内卷”高质量发展东方日升等优质光伏企业迎来价值重估

Core Viewpoint - The meeting held by six departments, including the Ministry of Industry and Information Technology, signals a strong push for the photovoltaic industry to transition from "scale expansion" to "high-quality development," targeting issues like "low-price disorderly competition" and "reduced quality control" [1] Group 1: Industry Overview - The government aims to eliminate backward production capacity and encourage advanced technology, indicating a shift towards high-quality, high-efficiency products in the photovoltaic sector [1] - Companies with core technological barriers and excellent brand reputation, such as Dongfang Risheng, Yihua Co., Jinlang Technology, and Ainengju, are expected to see their long-term investment value increase [1] Group 2: Dongfang Risheng - Dongfang Risheng is a leader in heterojunction (HJT) technology, breaking the homogenization deadlock through differentiated innovation [1] - The company has made significant investments in next-generation HJT battery module technology, achieving high conversion efficiency and low degradation rates [1] - The focus on technological innovation aligns with government policies aimed at promoting quality and efficiency in the industry [1] Group 3: Yihua Co. - Yihua Co. specializes in precision connectors for photovoltaic brackets, which are technically demanding and critical for the safety and efficiency of solar power plants over their 25-year lifecycle [1] - The company’s strong emphasis on technology and quality positions it well to benefit from the government's crackdown on low-price, low-quality competition [1] - Market competition is expected to shift from price wars to reliability, durability, and total lifecycle cost, areas where Yihua excels [1] Group 4: Jinlang Technology - Jinlang Technology is a heavyweight brand in the distributed photovoltaic inverter market, with a strong reputation and reliable channel services [1] - The company’s products are characterized by high conversion efficiency and stability, supported by a well-established global service network [1] - As the government cleans up "false marketing" and standardizes market order, Jinlang Technology is poised to benefit from the concentration of market resources towards trustworthy enterprises [1] Group 5: Ainengju - Ainengju focuses on distributed photovoltaic power station development and operation, aligning with government support for flexible and localized energy solutions [1] - The company operates under a light asset model, providing comprehensive green energy solutions for commercial enterprises [1] - Ainengju's strategy allows it to avoid the most competitive segments of the manufacturing chain, focusing instead on operational efficiency and long-term profitability [1] Group 6: Future Outlook - The joint deployment by six departments heralds a new era of high-quality development in the photovoltaic industry, leading to a significant industry reshuffle [1] - Companies lacking technology and relying on low-price competition will face severe constraints, while those like Yihua, Dongfang Risheng, Jinlang Technology, and Ainengju are well-positioned for growth [1]