Zheng Quan Ri Bao·2025-08-21 16:26Core Insights - The photovoltaic industry is showing signs of profit recovery in the first half of 2025 after experiencing cyclical fluctuations in 2024 [1] - Nearly half of the 70 listed companies in the A-share photovoltaic equipment sector have disclosed their 2025 semi-annual reports or performance forecasts, with significant year-on-year profit growth reported by several companies [1][2] Industry Performance - Companies such as Hengdian Group DMEGC Magnetics Co., Ltd. and Jinlang Technology Co., Ltd. reported net profit growth rates of 58.94% and 70.96% respectively [1] - Other companies like Qingyuan Technology Co., Ltd. and Jiangsu Youli Intelligent Equipment Co., Ltd. also forecasted year-on-year profit increases for the first half of the year [1] Market Dynamics - The ongoing "anti-involution" policies have alleviated price competition issues within the industry, contributing to improved performance [1][2] - The rise in electricity demand driven by AI is accelerating the development of energy storage devices within the photovoltaic supply chain [1] Price Trends - The price of multi-crystalline silicon N-type raw materials has surpassed 50,000 yuan per ton as of August 20 [2] - A report from Minsheng Securities indicates significant price increases in the main photovoltaic industry chain since July, suggesting a potential return to rational profitability following the implementation of related policies [2]