券商中国·2025-11-12 06:52Core Viewpoint - The photovoltaic sector experienced a sudden decline after a rumor spread about a senior executive from JA Solar stating that the "storage platform has failed," leading to a significant drop in stock prices across the sector [1][4]. Group 1: Market Reaction - On November 12, the photovoltaic sector saw a sharp decline, with stocks like Aters dropping over 17% and the photovoltaic ETF falling more than 4% [1][3]. - Major companies such as Tongwei Co., Longi Green Energy, and JA Solar approached their daily limit down, indicating widespread panic in the market [1][4]. Group 2: Background and Context - Prior to the decline, there was optimism in the photovoltaic sector, with reports that 17 leading companies had signed agreements for capacity storage, which had driven stock prices up significantly [5]. - The context of the "anti-involution" policy in the photovoltaic industry is crucial, as it aims to eliminate unhealthy competition and promote a fair market environment [6][7]. Group 3: Industry Insights - Analysts from CITIC Securities noted that "involutionary" competition suppresses prices and profits, affecting industry upgrades and income growth [7]. - The ongoing "anti-involution" efforts in the photovoltaic sector are expected to continue, with a focus on both supply-side and demand-side improvements [7][6].