Hua Er Jie Jian Wen·2025-11-12 08:39Core Viewpoint - A recent rumor regarding the photovoltaic industry led to a significant decline in the sector, prompting the China Photovoltaic Industry Association to issue a denial and emphasize the need to avoid unhealthy competition [1][4][5] Market Reaction - On November 12, the A-share photovoltaic sector experienced a sharp decline, with the Photovoltaic 50 ETF dropping over 50% at one point and closing down 3.85% [1] - Individual stocks such as Aters saw a drop of over 17% during trading, ultimately closing down 14.3%, while leading companies like Longi Green Energy, Tongwei Co., and JA Solar also faced substantial losses [1][3] Rumor Details - The market downturn was triggered by rumors suggesting that a planned industry consolidation was "off," which quickly spread and affected investor sentiment [1][3] Association's Response - The China Photovoltaic Industry Association publicly refuted the rumors, stating that the circulating information was false and reaffirming their commitment to industry stability [4][5] - Liu Yiyang, the association's executive secretary, emphasized the importance of industry self-regulation and the need to combat unhealthy competition, urging stakeholders to remain vigilant against misinformation [8]