多家光伏硅料龙头成立合资公司

Core Viewpoint - The establishment of Beijing Guanghe Qiancheng Technology Co., Ltd. is seen as a significant step towards addressing the "involution" issue in the photovoltaic industry, aiming to optimize competition and stabilize pricing mechanisms [1][5][7]. Company Overview - Beijing Guanghe Qiancheng Technology Co., Ltd. was registered on December 9, 2025, with a registered capital of 3 billion yuan [1]. - The company is located at Room B6221, 6th Floor, Building 36, Huagong East Lane 3, Chaoyang District, Beijing, but has not yet commenced operations [2]. - The legal representative of Guanghe Qiancheng is Hou Yicong, and its business scope includes technology services, development, consulting, and management [1]. Shareholder Composition - Guanghe Qiancheng has 10 shareholders, with 9 being silicon material production companies [3]. - Major shareholders include Tongwei Co., Ltd. (30.35% stake), GCL-Poly Energy Holdings Limited (16.79%), Xinjiang Daqo New Energy Co., Ltd. (11.31%), and Xinte Energy Co., Ltd. (10.12%) [3][4]. Industry Context - The photovoltaic industry has been facing challenges due to unfair competition practices, prompting regulatory bodies to take action to restore order and promote high-quality development [5]. - The Ministry of Industry and Information Technology has initiated energy-saving inspections for 41 silicon material companies to eliminate high-energy-consuming outdated capacities [6]. - The price of polysilicon, a core raw material for photovoltaic cells, has shown significant fluctuations, with the price of N-type polysilicon rising from 37 yuan/kg at the beginning of the year to 53 yuan/kg currently, marking an increase of approximately 43% [6]. Market Implications - The establishment of Guanghe Qiancheng is expected to enhance the competitive landscape of the industry, concentrating market share among leading firms and stabilizing prices to ensure profitability [7]. - The market's positive reaction to Guanghe Qiancheng's registration reflects a strong demand for addressing the "involution" issue within the photovoltaic sector [6][7].