DKEM(SZ:300842) Zhong Guo Jing Ying Bao·2025-11-20 08:51Core Viewpoint - The photovoltaic industry is facing challenges due to severe homogenization, and technological innovation is essential for differentiation and maintaining competitive advantages [2][3] Group 1: Technological Innovation - Technological innovation in the photovoltaic sector has two meanings: achieving a competitive edge through unique offerings and realizing product differentiation [2] - The introduction of laser-enhanced sintering metallization technology by the company has significantly improved the conversion efficiency and output power of TOPCon products, with the upcoming TOPCon 3.0 technology expected to enhance competitive advantages further [2] - The company is addressing the "silver anxiety" issue by collaborating with clients to develop low-silver metallization solutions, including low-cost metal pastes for high-temperature batteries, which have already entered mass production [2] Group 2: Intellectual Property Protection - A critical issue in the photovoltaic industry is the lack of protection for innovations, where leading companies' R&D efforts are undermined by unauthorized use of their technologies [3] - The company aims to lead innovation while also protecting it, emphasizing the importance of intellectual property rights in fostering long-term industry growth [3] Group 3: Market Outlook - Despite current challenges, the company remains optimistic about the photovoltaic market, viewing it as a significant opportunity, especially with the integration of solar and storage solutions [3] - The company believes that photovoltaic energy is one of the most viable and economical energy forms leading up to the effective mass production of nuclear fusion, supporting the advent of the AI era [3]