资金涌入！通威股份收涨6.18%，股价创年内新高

Group 1 - The photovoltaic industry index has surged over 7%, with significant increases across components, inverters, and equipment sectors, indicating a strong influx of capital [1] - Tongwei Co., Ltd. (600438.SH) saw its stock price rise by 6.18% to a new high of 24.39 CNY per share, resulting in a market capitalization of 109.8 billion CNY [1] - In the futures market, polysilicon futures for the main contract reached a limit up with an increase of 8.99%, priced at 56,735 CNY per ton [3] Group 2 - The recent price surge is attributed to three main factors: ongoing supportive policies, visible signs of price stabilization in the supply chain, and improved market confidence following reduced losses reported by leading companies [3] - Tongwei's 2025 semi-annual report indicated a revenue of 40.509 billion CNY, a year-on-year decrease of 7.51%, and a net loss attributable to shareholders of 4.955 billion CNY, with a second-quarter loss of 2.363 billion CNY, showing a reduction in losses compared to the first quarter [3] - Despite the temporary pressure on operating performance, Tongwei's core businesses remain robust, with the photovoltaic segment maintaining competitive advantages and the feed business contributing stable performance [3] Group 3 - Research from Dongxing Securities highlights the government's commitment to addressing the issue of "involution," which has led to increased pricing across the industry chain since July [3] - The push for supply-side reform in the photovoltaic industry is expected to accelerate, driven by high production costs and consensus among leading companies to reduce output [3]