“光伏仍处于关键调整期”！相关部门和企业代表这样展望行业后续发展

Core Viewpoint - The Chinese photovoltaic industry is at a critical adjustment period, facing both opportunities and challenges, with a focus on self-discipline and innovation to combat irrational competition and enhance resilience [2][3]. Industry Challenges and Adjustments - The photovoltaic industry is experiencing a downward trend that is nearing its bottom, with companies gradually reducing losses, but future domestic and international market demand remains uncertain [2]. - The industry is undergoing a profound cyclical adjustment, facing challenges related to capacity, pricing, and intense competition, necessitating collective efforts for innovation and market expansion [2][3]. - The Ministry of Industry and Information Technology (MIIT) plans to strengthen capacity regulation and promote the orderly exit of backward production capacity while enhancing market monitoring mechanisms to combat illegal pricing and promote quality [3][4]. Market Dynamics and Performance - From January to October 2025, the national photovoltaic power generation utilization rate was 94.9%, a decrease of 2.2 percentage points year-on-year, indicating increasing pressure on power system absorption [3][4]. - The production of polysilicon reached approximately 1.113 million tons, a year-on-year decline of 29.6%, while wafer production was about 567 GW, down 6.7% year-on-year, marking the first decline in years [5]. - The cumulative installed capacity of photovoltaic power in China reached 1.14 billion kilowatts by the end of October 2025, with the proportion of photovoltaic power generation in total installed capacity increasing from 12% at the end of 2020 to 30% [5]. Financial Performance and Industry Outlook - The photovoltaic industry's profitability is gradually improving, with losses in the first three quarters of 2025 amounting to 31.039 billion yuan, and the third quarter losses narrowing by nearly 50% compared to the second quarter [5]. - The average bidding price for photovoltaic components has been steadily recovering, indicating a shift from disorderly expansion to rational competition within the industry [5].