【新华财经调查】光伏行业“反内卷”初显成效：价格企稳 破局仍需多管齐下

Core Viewpoint - The photovoltaic industry is experiencing a recovery in prices after a period of significant losses, driven by policy support and a collective effort to reduce overcapacity and promote sustainable development [1][2][3]. Price Stabilization and Market Recovery - Silicon material prices rebounded significantly after July, with multi-crystalline silicon and industrial silicon prices rising to 47,100 yuan/ton and 9,378 yuan/ton, reflecting increases of 36.9% and 7.26% respectively [2]. - The average price of multi-crystalline silicon stabilized around 50,000 yuan/ton as of mid-September [2]. - The price of silicon wafers has also shown recovery, with prices increasing from 0.9-1.0 yuan per piece in July to an estimated 1.45-1.75 yuan per piece by October [2]. Industry Adjustments and Production Cuts - Leading companies have significantly reduced production to combat overcapacity, with New Special Energy's multi-crystalline silicon output dropping by approximately 77% year-on-year [3]. - The overall domestic multi-crystalline silicon production in the first half of 2025 decreased by 44.1% year-on-year, indicating a strong industry-wide response to the need for capacity reduction [3]. Innovation and Differentiation - The recovery in prices is seen as a positive signal, but industry experts emphasize the need for innovation to break the cycle of homogeneous competition [4]. - Leading companies like JinkoSolar and LONGi Green Energy are focusing on technological advancements, with JinkoSolar achieving a record conversion efficiency of 25.58% for its N-type TOPCon high-efficiency modules [4]. Financial Performance and Recovery - Companies that have invested in advanced technologies, such as Aiko Solar, have shown improved financial performance, with a significant reduction in losses and even achieving profitability in the second quarter [5]. - LONGi Green Energy reported a reduction in losses from 5.231 billion yuan to 2.569 billion yuan year-on-year, indicating a more than 50% improvement [5]. Recommendations for Sustainable Development - Industry participants advocate for coordinated efforts between government and enterprises to ensure a healthy and sustainable development cycle [6]. - There is a call for specific measures to accelerate the orderly exit of outdated production capacity and to standardize local investment attraction behaviors to prevent redundant construction [6]. - Support for companies to expand into international markets is deemed essential, especially in light of increasing global competition [6].