HIUV(SH:688680) DT新材料·2025-07-17 13:56Core Viewpoint - The company, Haiyou New Materials, has decided to terminate its "Annual Production of 200 Million Square Meters of Photovoltaic Encapsulation Film Project (Phase I)" and instead initiate a new project for "Annual Production of 2 Million Square Meters of PDCLC Dimming Film Products (Phase I)" with an investment scale of 25 million yuan, utilizing remaining fundraising of approximately 22.6 million yuan for the new project [1][2]. Group 1 - The global photovoltaic power generation market has a long-term positive outlook, but short-term demand growth is slowing due to industry cyclical fluctuations [2][3]. - The China Photovoltaic Industry Association predicts that the global photovoltaic installed capacity growth will slow down by 10% year-on-year in 2025, with a conservative estimate of no growth [3]. - The company faces supply-demand imbalance in photovoltaic encapsulation film capacity in the short term, as the demand for capacity expansion decreases [3]. Group 2 - The company is transitioning to meet the higher performance requirements for PID resistance in N-type batteries, driven by the exploration of TOPCON and heterojunction component technologies [3]. - POE films or co-extruded POE films are expected to replace EVA due to their superior PID resistance performance, and the company is advancing the introduction and certification of these films to support technological development [3]. Group 3 - The company had previously signed an investment agreement in October 2022 to build a new material project for photovoltaic encapsulation film with a total investment of 2.5 billion yuan, including fixed asset investment of approximately 835 million yuan and working capital investment of about 1.665 billion yuan [4]. - The project was planned in two phases, with the first phase aimed at producing 200 million square meters of photovoltaic encapsulation film [5].