光伏大会总结与展望：追光系列第126期

Investment Rating - The report maintains a "Positive" investment rating for the photovoltaic industry [2] Core Insights - The photovoltaic industry is experiencing a shift towards self-discipline to combat "involution" and improve pricing and profitability [6][10] - A quota agreement has been established among major companies to control production capacity and achieve supply-demand balance by 2025 [7][10] - The industry is expected to see a gradual recovery in profitability as self-discipline measures are implemented and market conditions improve [20] Summary by Sections Photovoltaic Sector - The 2024 Photovoltaic Industry Annual Conference highlighted the need for self-regulation to prevent harmful competition and ensure sustainable development [7][10] - Companies have signed a quota agreement to manage production capacity, aiming for a balanced supply-demand situation across the industry chain [7][10] - The report anticipates that the implementation of self-discipline measures will lead to a recovery in profitability in the coming months [20] Equipment Sector - The photovoltaic equipment industry is currently under pressure due to a slowdown in new technology adoption and declining orders [39] - The report emphasizes the need for supply-side optimization and the introduction of high standards for new capacity expansions [39][44] - New technologies, such as BC technology, are expected to drive future growth and improve cost-effectiveness in the industry [44][56] Material Sector - The report notes that prices for photovoltaic glass and EVA particles are on the rise due to improved demand and reduced inventory levels [22][27] - The competition in the photovoltaic material sector is expected to stabilize, leading to better profitability for companies involved [22][27] Inverter Sector - Discussions are ongoing regarding the establishment of a self-discipline agreement among inverter manufacturers to prevent price wars and ensure healthy market conditions [31][36] - The inverter market is facing challenges, but there is potential for recovery as demand stabilizes post-holiday season [31][36]