2 1 Shi Ji Jing Ji Bao Dao·2025-11-12 08:48Core Viewpoint - The A-share photovoltaic sector experienced a significant decline, attributed to market rumors regarding the rejection of a silicon material and component alliance, as well as misleading statements about a storage platform by a senior executive of JA Solar [1][4]. Group 1: Market Reaction - On November 12, major stocks in the photovoltaic sector, including Canadian Solar (阿特斯), JA Solar (晶澳科技), Longi Green Energy (隆基绿能), and others, saw declines exceeding 6%, with Canadian Solar dropping over 14% [1]. - The market reaction was influenced by rumors that a silicon material and component alliance was rejected by authorities, leading to a sell-off in related stocks [1]. Group 2: Clarification of Rumors - JA Solar's staff denied the rumor regarding the statement about the storage platform, clarifying that the company is not a participant in the platform and that the information circulating is false [1]. - The China Photovoltaic Industry Association issued a statement confirming that the rumors are untrue and emphasized their commitment to combating malicious actions aimed at undermining the industry [3]. Group 3: Industry Developments - The storage platform is part of the photovoltaic industry's efforts to combat "involution," with 17 leading companies reportedly signing agreements to collaborate on capacity storage [4]. - Reports indicated that the total funding required for capacity storage could exceed 200 billion to 300 billion yuan, with plans for a fund of approximately 700 billion yuan to facilitate acquisitions [4]. Group 4: Financial Performance - Despite the recent downturn, some photovoltaic companies have shown signs of improved performance, with Longi Green Energy reporting a revenue of 50.915 billion yuan for the first nine months of the year, including a significant reduction in losses in the third quarter [4]. - Analysts noted that the profitability of leading photovoltaic companies improved in the third quarter, driven by stabilized prices in the supply chain and reduced inventory impairment losses [5].