2026攻坚年，光伏行业如何告别“内卷”

Core Viewpoint - The photovoltaic industry in China is undergoing significant changes and reforms, focusing on high-quality development and addressing issues of overcapacity and unhealthy competition [2][5][8]. Group 1: Industry Regulation and Governance - Since 2025, the Ministry of Industry and Information Technology has implemented measures to regulate the photovoltaic industry, including capacity control, standardization, and technological innovation [1]. - The photovoltaic industry is responding to national calls to combat "involution" and is working towards self-regulation, achieving some preliminary results [1][4]. - In 2026, the governance of the photovoltaic industry will enter a critical phase, with an emphasis on capacity control and the establishment of price monitoring mechanisms [1]. Group 2: Industry Performance and Financials - The photovoltaic industry is experiencing a transformation, with companies showing a willingness to adapt and improve product quality [2]. - In the first three quarters of 2025, the revenue of 31 major photovoltaic companies decreased by 16.9% year-on-year, with a 11.7% decline in Q3 [2]. - Despite revenue declines, the profitability of the main industry chain is gradually improving, with losses narrowing to 31.04 billion yuan in the first three quarters of 2025, and a reduction of 5.6 billion yuan in Q3 compared to Q2 [2]. Group 3: Product Pricing and Export Trends - As of November 2025, the average factory price of polysilicon increased by 34.4% year-on-year, while the average price of photovoltaic modules saw a slight increase of 1.34% [3]. - The export volume of photovoltaic products has shown signs of recovery, with total exports amounting to 24.42 billion USD in the first ten months of the year, a decrease of 13.2%, which is an improvement from a 34.5% decline in the same period of 2024 [3]. Group 4: Challenges and Future Directions - The photovoltaic industry is still in a critical adjustment period, facing challenges such as uncertain domestic and international market demand and a complex trade environment [5]. - The industry must focus on self-discipline and collaboration within the supply chain to reshape a healthy industrial ecosystem, emphasizing quality over quantity [7]. - There is a need for technological innovation and intellectual property protection to build core competitiveness, with a focus on high-efficiency batteries and smart photovoltaic solutions [7].