Ge Long Hui·2025-09-22 03:42Core Viewpoint - The new mandatory national standards for energy consumption in polysilicon production are stricter than previously proposed, aiming to reduce inefficient production capacity in the photovoltaic industry [1] Industry Summary - The National Standardization Administration has released a draft for public consultation on three mandatory national standards, including stricter energy consumption limits for polysilicon [1] - The new energy consumption standards are categorized into three levels, tightening the requirements compared to those discussed in the industry meeting in July [1] - Companies failing to meet the third-level standard must rectify within a specified period, with non-compliance leading to mandatory shutdowns if they do not achieve at least the second-level standard [1] Company Summary - Following the implementation of the new regulations, domestic polysilicon effective production capacity is expected to decrease significantly from 3.5 million tons to approximately 2.4 million tons, representing a reduction of 31.4% [1] - The government aims to eliminate outdated production capacity and promote a more sustainable photovoltaic industry by raising technical standards [1] - Companies utilizing the lowest energy-consuming granular silicon production technology are expected to benefit, with LONGi Green Energy being identified as a preferred stock [1]