反内卷推动上游强势，光伏硅料、玻璃、电池集体上涨

Industry Overview - The photovoltaic industry is experiencing significant price increases across various segments, with polysilicon prices rising by up to 4.65%, silicon wafers by 4%, battery cells by 3.45%, and photovoltaic glass by 9.09% as of September 10 [1] - Polysilicon futures also saw an increase of 1.92% on September 11 [2] Market Dynamics - According to CICC, the photovoltaic industry has seen a relief in operational pressure due to pre-installation demand in the first half of the year and price stabilization in the third quarter [2] - The implementation of anti-involution policies in September is a critical moment for the industry, with expectations for improved performance in the future [2] - The industry is expected to recover to breakeven levels due to policies preventing sales below cost, which will help restore beta [2] Company Insights - Daqo New Energy is positioned as a leader in the polysilicon sector, maintaining a strong presence in the top tier of the industry [3] - Qibin Group ranks among the top three in terms of photovoltaic glass production capacity [4]