Longi(SH:601012) Ge Long Hui A P P·2025-10-29 06:07Core Viewpoint - The photovoltaic industry chain has experienced a significant surge, with major companies and ETFs showing substantial gains, driven by positive market sentiment and strong performance indicators from key players in the sector [1][3]. Industry Summary - The global photovoltaic market is projected to maintain strong growth momentum, with expectations of new installations reaching 630 GW by 2025 and 1,078 GW by 2030, driven by the transition to low-carbon energy systems and the demand for energy security [4]. - The Chinese energy storage market is also expanding, with a reported 214.7 GWh of new overseas orders in the first nine months of 2025, marking a year-on-year increase of 131.75% [4]. - The photovoltaic industry is currently at the bottom of its cycle, with signs of significant improvement in Q3 performance across various companies, indicating a potential recovery in profitability [5][6]. Company Performance - Major companies such as Sunshine Power reported a Q3 net profit of 4.147 billion yuan, a year-on-year increase of 57.04%, while Ganfeng Lithium turned a profit in the first three quarters [3]. - Leading companies in the silicon material sector, such as GCL-Poly and Tongwei, have shown significant improvements in their Q3 financial results, indicating a recovery in the industry [5]. - The price of photovoltaic components has started to rebound, with leading integrated component manufacturers expected to benefit first from this upward cycle [6].