协鑫集团董事长：光伏内卷本质是创新断层

Core Viewpoint - The current situation in the renewable energy industry, particularly in the photovoltaic sector, is characterized by a "magnified cycle illusion," which is not merely a result of cyclical fluctuations but rather structural contradictions that require comprehensive supply-side structural reforms [2][8]. Group 1: Industry Challenges and Responses - The photovoltaic industry is undergoing a deep restructuring due to chaotic competition, prompting a反内卷 (anti-involution) movement [7]. - The Ministry of Industry and Information Technology held a meeting in July 2025 to address low-price disorderly competition in the photovoltaic sector, marking the official signal for this round of industry reform [7]. - The essence of the current involution is a lack of innovation, which is seen as a structural issue rather than a cyclical one, necessitating a dual approach of "proactive government + effective market" [8][10]. Group 2: Supply-Side Structural Reform - A call for a thorough supply-side structural reform is emphasized, drawing lessons from previous reforms in sectors like steel and coal, which achieved short-term supply-demand rebalancing [8]. - The photovoltaic sector's reform is not only about resolving industry challenges but also about fundamentally transforming China's economic development model [8]. Group 3: International Expansion Strategy - The company is actively pursuing international projects, such as a 30 MW wind power project in Vietnam and a liquefied natural gas plant in Ethiopia, as part of its strategy to explore overseas markets [12][14]. - The necessity for Chinese renewable energy companies to expand internationally is underscored by the increasing domestic market competition and the need to mitigate geopolitical risks [13][14]. - The company aims to leverage its technological advancements and local partnerships to build a global capacity collaboration network, emphasizing that going abroad is essential for future growth [13][14].