智通财经网·2025-09-19 07:37Group 1 - The new energy consumption standards for polysilicon have been significantly tightened compared to previous versions, with specific limits set for different grades of silicon [1][2] - The implementation of the new standards is expected to lead to the shutdown of over 30% of industry capacity, reducing effective polysilicon capacity in mainland China to approximately 2.4 million tons, a decrease of 31.4% from the existing capacity of 3.5 million tons [2] - Despite the reduction, the remaining capacity will still exceed the projected demand of 1.5 million tons by about 60%, indicating a substantial alleviation of the oversupply situation [2] Group 2 - The tightening of polysilicon energy consumption standards reflects the government's strong commitment to "anti-involution" in the photovoltaic industry, aiming to eliminate outdated capacity through higher technical standards [3] - The industry outlook remains positive for the advancement of "anti-involution," with a preference for GCL-Poly Energy (协鑫科技) as the leading company with the lowest energy consumption standards [3]