JIANYI GROUP(SZ:002789) Mei Ri Jing Ji Xin Wen·2025-10-09 10:25Core Viewpoint - *ST Jianyi has officially terminated its previously announced 3,000-ton monocrystalline silicon rod project, reflecting a strategic adjustment in response to significant changes in the market environment and intensified competition in the photovoltaic upstream sector [1][3][8]. Company Summary - The termination of the monocrystalline silicon project marks a rapid shift in *ST Jianyi's strategy, occurring just one year after its entry into the photovoltaic upstream industry [1][3]. - The company stated that the decision to withdraw was made due to "significant changes in the market environment and strategic adjustments by all parties" [1][3]. - The subsidiary involved in the project, Guangdong Jianyi Zhengyao New Energy Co., Ltd., has not engaged in substantial operations since its establishment, meaning the withdrawal will not adversely affect the company's financials or operations [1][3][6]. Industry Summary - The photovoltaic industry is currently experiencing a deep reshuffling phase, characterized by intensified competition and a shift from supply constraints to a more balanced supply-demand scenario [1][7]. - The rapid expansion of production capacity in the monocrystalline silicon sector has led to fierce market competition and price wars, significantly compressing profit margins [7][8]. - Industry leaders, such as Longi Green Energy, have reported ongoing challenges due to supply-demand imbalances and significant changes in project revenue models, indicating a need for supply-side reforms and technological innovation to achieve sustainable development [7][8].