Zheng Quan Ri Bao·2025-09-01 00:57Core Insights - The photovoltaic industry is showing signs of recovery despite many companies still facing losses, with a notable performance improvement among leading firms with advantages in technology, channels, and funding [1][2] Group 1: Industry Performance - The overall performance of the photovoltaic industry in the first half of the year has been mixed, with some leading companies beginning to recover while second and third-tier companies continue to face operational pressures [1] - Longi Green Energy reported a net loss of 2.569 billion yuan in the first half of the year, a reduction of over 50% compared to a loss of 5.231 billion yuan in the same period last year [2] - Shanghai Aiko Solar Energy Co., Ltd. also showed improvement, with a net loss of 238 million yuan, down 86.38% from a loss of 1.745 billion yuan year-on-year, and achieved a profit of 63 million yuan in the second quarter [2][3] Group 2: Technological Advancements - The technological advancements in the industry are primarily focused on BC technology, HJT technology, perovskite technology, and tandem technology, with BC technology seeing accelerated mass production and market penetration [2][3] - Longi Green Energy's BC cell efficiency reached 27.81% and BC module efficiency surpassed 26%, demonstrating strong technological iteration capabilities [5] Group 3: Market Dynamics - The "anti-involution" trend in the photovoltaic industry is gaining momentum, with policies aimed at curbing low-price competition and promoting quality improvements [4] - Recent government initiatives include the central financial committee's call for regulated competition and the Ministry of Industry and Information Technology's emphasis on enhancing product quality [4] - The industry is expected to shift towards comprehensive competition based on technology, cost, and quality, as indicated by recent policy signals [4] Group 4: Cost Management - GCL-Poly Energy Holdings reported an average cash cost of granular silicon at 26.22 yuan per kilogram, showing a decreasing trend from 37.84 yuan in Q1 2024 to 25.31 yuan in Q2 2025 [5] - The average cost of electricity generated from wind and photovoltaic projects in China has decreased by 60% and 80% respectively over the past decade, contributing significantly to global green transition efforts [5]