S.C(SZ:300724) Di Yi Cai Jing·2025-09-07 09:33Core Viewpoint - The recent stock price surge of Jiejia Weichuang contrasts sharply with the ongoing share reduction plans by major shareholders, particularly Li Shijun, who plans to cash out approximately 320 million yuan, bringing his total cash-out to nearly 1 billion yuan over four years [1][2][4]. Company Summary - Jiejia Weichuang's stock price reached a new high, with a year-to-date increase exceeding 70%, and a 37% rise in the last two weeks [2]. - Li Shijun, a co-founder and significant shareholder, has been reducing his stake since November 2021, with cumulative cash-outs totaling approximately 668 million yuan [3][4]. - The company reported a revenue of 8.372 billion yuan for the first half of the year, a year-on-year increase of 26.4%, and a net profit of 1.83 billion yuan, up 49.26% [6]. - The company is a leading supplier of TOPCon solar cell technology and has diversified into semiconductor and lithium battery equipment [5][6]. Industry Summary - The photovoltaic industry is experiencing a structural demand driven by new technologies, particularly N-type products, with global solar installation forecasts for 2025 revised upward to 570-630 GW [7]. - The industry faces challenges such as capacity clearing and the impact on supply-demand dynamics, with recent price increases reflecting effective production control measures [7]. - Jiejia Weichuang plans to increase R&D investment to maintain its technological edge and expand into overseas markets to mitigate risks associated with reliance on a single market [7].