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 a consensus on the necessity of "anti-involution" measures to stabilize the market and promote sustainable development [1][2][3] Price Stabilization and Market Recovery - Silicon material prices have rebounded, 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] - Silicon wafer prices have 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, with New Special Energy's multi-crystalline silicon output dropping by approximately 77% year-on-year to 33,600 tons, and Daqo Energy's output decreasing by about 60% to 50,800 tons [3] - The overall domestic multi-crystalline silicon production fell by 44.1% year-on-year in the first half of 2025, totaling around 596,000 tons [3] Innovation and Differentiation - The industry recognizes the need for innovation to break the cycle of homogeneous competition, with leading firms like JinkoSolar and LONGi Green Energy achieving record efficiencies in their products [4] - JinkoSolar's N-type TOPCon high-efficiency module reached a conversion efficiency of 25.58%, while LONGi's BC cell technology achieved 24.8% efficiency [4] Financial Recovery of Companies - Companies focusing on BC technology have shown improved profitability, with Aiko Solar reducing its net loss to 238 million yuan in the first half of the year and achieving a net profit of 63 million yuan in the second quarter [5] - LONGi Green Energy reported a net loss of 2.569 billion yuan, a reduction of over 50% compared to the previous year [5] Recommendations for Sustainable Development - Industry participants advocate for coordinated efforts between government and enterprises to ensure a healthy and sustainable development cycle [7] - Specific measures are suggested to accelerate the exit of outdated production capacity, standardize local investment attraction behaviors, and support companies in expanding into international markets [7]