12 (2): DESIC BESIC sta li 20 E B l 居中国国际光伏与你 THE BTH CH INA INTERNATIONAL PV AND ENERGY STOI 首届光伏CTO峰会暨技术创新大会现场，图源：主办方供图（下同） 11月19日，首届光伏CTO峰会暨技术创新大会在成都圆满闭幕。本次会议由四川省科技厅指导，通威股份有限公司主办，四川省晶硅光伏新兴产业创新中 心、四川省晶硅光伏技术创新中心承办，成都高新区管理委员会、四川省创新驱动发展中心支持举办。 大会以"技术重塑产业，创新定义未来"为主题，旨在搭建一个高规格、高水平的研发交流平台，共同探讨光伏与储能技术的前沿趋势，破解行业发展瓶颈， 定义产业未来蓝图。 众星云集，共享技术盛宴 首届光伏CTO峰会暨技术创新大会汇聚全球顶尖的学术泰斗和行业精英，全国人大代表、全国工商联副主席、通威集团董事局主席刘汉元，四川省科学技术 厅党组书记、厅长路松明，澳大利亚新南威尔士大学卓越教授Martin Green，长三角太阳能光伏技术创新中心主任沈辉，上海市太阳能学会名誉理事长沈文 忠，扬州大学党委书记丁建宁，中国光伏行业协会副秘书长江华等嘉宾莅 ...

Core Insights - Perovskite photovoltaic technology is entering a significant phase of industrialization, with companies like Jing Shan Light Machine achieving mass delivery of perovskite photovoltaic equipment, marking a milestone in the domestic supply capability [1] - The industry is shifting from traditional silicon efficiency improvements to new material structural innovations represented by perovskite and perovskite tandem technologies, driven by national carbon neutrality goals and global energy transition trends [1][2] - The development of a unified standard system for perovskite technology is crucial for its commercialization, as existing testing and certification frameworks are inadequate for new material technologies [6][7] Industry Developments - Perovskite technology is transitioning from laboratory efficiency competition to a focus on mass production efficiency and stability, with both single-junction and tandem pathways advancing simultaneously [2] - The industry is witnessing a trend of moving from point testing to scenario-based validation in perovskite power station demonstration projects, with several projects achieving megawatt-level operation [4] - The establishment of a comprehensive industrial chain from equipment manufacturing to material supply and component packaging is underway, aiming to seize first-mover advantages [5] Technical Characteristics - Single-junction perovskite products are cost-effective and possess flexible and semi-transparent advantages, making them irreplaceable in new scenarios like building-integrated photovoltaics and vehicle-mounted photovoltaics [3] - Perovskite/silicon tandem technology enhances overall efficiency levels, providing pathways for achieving higher efficiency limits in the industry [3] Standardization Efforts - The rapid advancement of standardization work for perovskite technology is a key focus, with efforts to establish dedicated standards for performance testing, temperature coefficients, and weak light performance [6][7] - The construction of a standard system for perovskite technology is essential for ensuring the efficiency of technology promotion and will directly impact market access and product certification [7]

Core Insights - The article highlights the significant advancements in photovoltaic technology by Longi Green Energy, particularly through the leadership of Chief Scientist Xu Xixiang, who has been recognized with the prestigious William R. Cherry Award, marking a historic achievement for Chinese scientists in the field [1][10]. Group 1: Technological Advancements - Longi Green Energy has made a breakthrough in HIBC battery technology, achieving a world record efficiency of 27.81%, which is 94.6% of the theoretical limit of 29.4% [5][6]. - The company is transitioning from homogeneous price competition to differentiated value creation in the photovoltaic industry, emphasizing the importance of technology as a core driver for reshaping the competitive landscape [1][14]. Group 2: Research and Development Strategies - The R&D team at Longi has adopted a 24/7 research model similar to the semiconductor industry to enhance efficiency and ensure continuous operation of critical equipment [9]. - Longi's R&D strategy focuses on a "wide research, narrow investment" approach, balancing technological innovation with commercial application, ensuring that innovations can quickly translate into market advantages [11][12]. Group 3: Industry Trends and Future Directions - The photovoltaic industry is experiencing a shift from low-level competition to high-quality development, necessitating a focus on technological innovation and differentiation to overcome challenges such as overcapacity and price wars [13][14]. - Future technological advancements will focus on enhancing existing silicon technologies and exploring next-generation tandem solar cell technologies, such as perovskite/silicon structures, to improve efficiency and reliability [15][16].

Core Viewpoint - The article highlights the significant advancements in photovoltaic technology by Longi Green Energy, particularly through the leadership of Chief Scientist Xu Xixiang, who emphasizes the shift from homogeneous price competition to differentiated value creation in the solar industry [1][11]. Group 1: Technological Innovations - Longi Green Energy has achieved a world record efficiency of 26.81% for silicon solar cells in October 2022, followed by an increase to 27.3% in December 2023, and aims for a new high of 27.81% by the end of 2024 [2][3]. - The development of the HIBC battery technology, which combines low-temperature and high-temperature processes, addresses the cost challenges associated with pure low-temperature technology [2][3]. - The company has successfully implemented the BC technology, which enhances efficiency by reducing shading on the solar cells, and is now in large-scale production [3][5]. Group 2: Industry Challenges and Solutions - The main challenge for the BC technology is its higher manufacturing costs due to additional process steps, prompting Longi to invest in non-silver metallization techniques to optimize costs [5][6]. - The company is focusing on integrating various technological paths, such as copper plating and graphic vacuum coating, to achieve breakthroughs in non-silver metallization [5][6]. Group 3: Strategic Vision and Market Position - Longi Green Energy aims to create an ecosystem around BC technology, promoting collaborative innovation to reduce R&D risks and accelerate technological iterations [6][10]. - The company adopts a "wide research, narrow investment" strategy to balance technological innovation with commercial application, ensuring that new technologies can quickly translate into market advantages [9][10]. - The recognition of Xu Xixiang with the William R. Cherry Award signifies international acknowledgment of Longi's R&D efforts and enhances its brand image in the solar industry [8][9]. Group 4: Future Outlook - The solar industry is transitioning from low-level competition to high-quality development, with a focus on technological innovation and differentiation as key drivers [10][11]. - Future advancements will focus on improving existing silicon technologies and exploring next-generation layered battery technologies, such as perovskite/silicon tandem cells, to enhance efficiency and reliability [12][13].

Core Viewpoint - The article highlights the significant advancements in photovoltaic (PV) technology by Longi Green Energy, particularly through the leadership of Chief Scientist Xu Xixiang, who emphasizes the shift from homogeneous price competition to differentiated value creation in the solar industry [1][10]. Group 1: Technological Innovations - Longi Green Energy's research team has achieved a world record efficiency of 26.81% for silicon solar cells in October 2022, followed by an improvement to 27.3% in December 2023, and aims for 27.81% by the end of 2024 [2][3]. - The development of the high-low temperature hybrid HIBC battery technology represents a significant breakthrough, combining the advantages of low-temperature processes with cost-effective high-temperature methods [2][3]. - The bifacial cell (BC) technology has been successfully mass-produced, providing a differentiated high-efficiency product option in the market, with potential for further cost optimization through innovations like silver-free metallization [3][5]. Group 2: Industry Challenges and Solutions - The main challenge for the large-scale application of BC technology is its higher manufacturing costs due to additional process steps, which Longi is addressing through the development of non-silver metallization techniques [5][6]. - The company is focusing on integrating various technological pathways to enhance the reliability and manufacturability of non-silver metallization, with expectations for large-scale implementation by mid-2026 [5][6]. Group 3: Strategic Vision and Market Position - Longi Green Energy is committed to building an ecosystem around BC technology, promoting collaborative innovation to reduce R&D risks and accelerate technological iterations [6][10]. - The company adopts a "wide research, narrow investment" strategy, ensuring a balance between technological innovation and commercial application, which has led to successful large-scale applications of various technologies including PERC, TOPCon, and BC [9][10]. - The shift towards high-quality development in the solar industry is driven by technological innovation, with a focus on enhancing efficiency, reducing costs, and expanding application scenarios [10][12].

Core Insights - The article highlights the significant advancements in photovoltaic technology led by Longi Green Energy, particularly through the leadership of Chief Scientist Xu Xixiang, who has been recognized with the prestigious William R. Cherry Award, marking a historic achievement for Chinese scientists in the field [2][3]. Technological Advancements - Longi Green Energy has made substantial progress in high-efficiency photovoltaic technology, achieving a world record efficiency of 26.81% for silicon solar cells in October 2022, and further improving it to 27.3% in December 2023 [4]. - The company has developed a hybrid high-low temperature HIBC battery technology, which combines the advantages of low-temperature processes with the cost benefits of high-temperature processes, achieving an efficiency of 27.81% by the end of 2024 [4][5]. Market Position and Strategy - The photovoltaic industry is transitioning from homogeneous price competition to differentiated value creation, with technology being the core driver for reshaping the industry landscape [3][14]. - Longi has successfully mass-produced BC (Back Contact) technology components, which enhance efficiency and aesthetic value by reducing light shading, and aims to further optimize costs through innovations in manufacturing processes [6][7]. Research and Development Approach - The company employs a "wide research, narrow investment" strategy, focusing on balancing technological innovation with commercial application, ensuring that research outcomes can quickly translate into market advantages [12][13]. - Longi's R&D team has adopted a 24/7 operational model similar to the semiconductor industry to overcome the challenges of scaling up from laboratory efficiency to mass production [10][11]. Industry Trends and Future Outlook - The photovoltaic sector is expected to continue evolving with a focus on deep innovation, moving towards advanced technologies such as TOPCon, HJT, and BC, which are crucial for breaking the cycle of homogeneous competition [16]. - The industry is also looking to expand into new application scenarios like BIPV (Building-Integrated Photovoltaics) and energy storage integration, which will drive future growth [14][15].

Core Viewpoint - The company has pioneered a high-yield, low-cost copper plating silver-free metallization solution, which has been in use for two years in its 10GW production line in Zhuhai [1] Group 1: Technology and Innovation - The company has continuously upgraded its copper plating silver-free metallization technology, optimizing product efficiency, production costs, and capital expenditures [1] - The new technology offers significant material cost advantages over the commonly used silver paste printing solutions in the industry [1] - The products developed using this technology exhibit higher efficiency and stronger anti-cracking characteristics [1] Group 2: Future Plans - The company plans to launch its third-generation copper plating silver-free metallization technology at its Jinan base, which is expected to further enhance product conversion efficiency and bifacial rates [1]

Core Insights - The focus of the photovoltaic industry is shifting from "installing capacity" and "price competition" to "quality" and "reliability" [1][2] - The industry is entering a critical phase where product reliability over its entire lifecycle is becoming a key measure of a company's core competitiveness [1][2] - The market is moving towards a model that emphasizes long-term returns rather than initial costs, with a projected global annual installed capacity of 900 GW by 2030 [6][7] Industry Trends - The photovoltaic industry has experienced rapid growth in installed capacity over the past decade, driven by efficiency improvements and cost reductions [2] - Current competition is centered around power, efficiency, and reliability, moving away from mere capacity and price comparisons [2] - The industry is facing challenges due to the diminishing innovation space in crystalline silicon technology, leading to increased homogenization of products [2][4] Technological Developments - The industry consensus indicates that Topcon technology will remain mainstream in the next 1 to 3 years, while new technologies like perovskite are emerging as potential breakthroughs [4][5] - Innovations in materials and structures are essential for opening new avenues for growth, with a focus on integrating traditional silicon with perovskite technology [4][5] - The development of a more robust certification system is necessary to ensure the reliability of products over their entire lifecycle, rather than just the initial years [5] Market Dynamics - The export volume of Chinese photovoltaic products decreased by 3.4% year-on-year, with export value dropping by 26% in the first half of 2025 [6][7] - Emerging markets in Africa are showing strong growth potential, with export increases exceeding 40%, indicating a shift in the export landscape [6][7] - The industry is transitioning from single product exports to project-driven models that leverage the entire supply chain and advanced technologies [7] Application Trends - Photovoltaic products are evolving from single-component forms to intelligent, lightweight, and multi-scenario applications [6][7] - The industry is expected to see significant growth in BIPV (Building-Integrated Photovoltaics) applications, with a shift towards distributed applications closely integrated with human living environments [7]

Core Viewpoint - The long-standing patent litigation between leading photovoltaic companies Longi Green Energy Technology Co., Ltd. and JinkoSolar Holding Co., Ltd. has been resolved, marking a shift in the industry towards technology-driven high-quality development [1][2]. Group 1: Settlement Details - On September 19, 2025, Longi Green Energy and JinkoSolar announced a settlement agreement regarding ongoing patent claims and legal matters globally [1]. - The agreement includes the termination of all ongoing patent dispute legal proceedings and the establishment of cross-licensing arrangements for certain core patents held by both parties [1]. Group 2: Industry Implications - The settlement reflects both companies' respect for intellectual property and their intention to seek win-win cooperation, setting a precedent for sustainable intellectual property partnerships in the industry [2]. - The resolution is expected to encourage more photovoltaic companies to invest in research and development, fostering a healthy competitive ecosystem and promoting sustainable industry growth [2]. Group 3: Technological Landscape - The current leading battery technologies in the photovoltaic industry include TOPCon, BC, and Heterojunction, with JinkoSolar being the leader in TOPCon technology and Longi Green Energy leading in BC technology [2]. - The resolution between these two industry leaders is anticipated to enhance their competitiveness in the market [2][3].

Summary of Longi Green Energy Conference Call Company Overview - **Company**: Longi Green Energy - **Industry**: Photovoltaic (PV) Industry Key Points and Arguments Financial Performance - In Q2 2025, Longi Green Energy reported revenue of **¥19.16 billion**, a **40%** increase quarter-over-quarter, with a net loss of **¥1.133 billion**, narrowing by **21%** [7] - The company achieved a **92%** improvement in operating cash flow year-over-year [6] - The net loss for the first half of 2025 decreased by approximately **51%** compared to the previous year [2] Market Dynamics - The global PV market demand continued to grow in H1 2025, with China experiencing a surge in installations, adding **211.6 GW**, a **106%** year-over-year increase [3] - The Chinese market accounted for **80%** of the new renewable energy installations [3] - Exports to traditional markets like Europe slowed, while emerging markets in Africa, Oceania, and Asia saw stable growth [3] Product and Technology Development - Longi Green Energy has over **3,500** patents, including **480** for BC battery components [8] - The efficiency of Hibc batteries reached **27.81%**, and BC component efficiency surpassed **26%** [8] - The company aims to encourage advanced capacity through technological progress and eliminate outdated capacity [2] Strategic Goals - Longi Green Energy targets to achieve a balance between gross profit and expenses by Q3 or Q4 2025, aiming for financial profitability [4] - The company plans to increase the production capacity of B4 products and improve their sales ratio to enhance overall gross profit [4] - The monthly production of BC products is approximately **2.5 GW**, with plans for gradual increases [16] Pricing and Cost Management - The PV industry faced significant price declines in H1 2025, leading to widespread losses [5] - Longi Green Energy is focused on improving product margins and reducing costs, with a goal to maintain a gross margin for BC products that is **10%** higher than Topcon technology [14][34] Market Outlook - The company expects the PV demand in 2026 to remain stable, with significant growth potential in underdeveloped regions [23] - Longi Green Energy anticipates that BC products will account for **60%** of its sales in the European market by 2026 [34] Competitive Landscape - The company believes that the new competition cycle among leading firms may accelerate due to market conditions and regulatory standards [13] - Longi Green Energy is adapting to changes in U.S. renewable energy policies, including potential share reductions to comply with regulations [20] Product Differentiation - BC products are positioned to have advantages in various scenarios, particularly in distributed applications where they save rooftop space and offer reliability [10] - Scene-functional products, such as anti-dust and anti-glare features, have shown to command a **3% to 5%** higher gross margin compared to standard products [29] Challenges and Risks - The company faces challenges in achieving its profitability targets due to competitive pricing pressures and market dynamics [11] - The anticipated delay in reaching breakeven from Q3 to Q4 2025 is attributed to the product mix and the need to increase the share of scene-based products [32] Future Strategies - Longi Green Energy is committed to enhancing its technological standards and quality to maintain its competitive edge [11] - The company is exploring opportunities in integrated solutions for rooftop PV projects to improve project quality and efficiency [30] This summary encapsulates the critical insights from Longi Green Energy's conference call, highlighting its financial performance, market dynamics, strategic goals, and future outlook in the photovoltaic industry.