本报讯(记者毛艺融)作为上半年受"内卷"影响最深的行业之一，光伏板块在半年报中集体发声，强调"去 价格战"的重要性。 记者注意到，多家沪市光伏龙头公司在报告中提及"反内卷"，并将技术升级与现金流改善作为下半年的 核心战略。 通威股份（600438）有限公司2025年上半年实现营收405.09亿元，同比下降7.51%，归母净利润亏损 49.55亿元。公司高纯晶硅实现销量约16.13万吨，全球市占率约30%；电池销量49.89GW，累计出货量 突破300GW，继续保持全球第一；公司组件业务海内外渠道齐头并进，实现销量24.52GW，同比增长 31.33%，其中海外市场销量5.08GW，保持爆发式增长。饲料业务持续为公司贡献稳定的利润及现金 流，公司强调，面对行业底部周期带来的挑战，公司将继续聚焦"绿色能源"+"绿色农业"两大主业协同 发展，致力于进一步实现各业务板块经营提质增效，并将与产业各相关方共同努力，推动行业实现高质 量、可持续发展。 晶科能源股份有限公司2025年上半年营收318.31亿元，同比下降32.63%，归母净利润亏损29.09亿元， 由盈转亏。公司表示，凭借前瞻性的全球布局战略，不仅深耕海外传统 ...

Core Viewpoint - The article highlights the impact of Chinese policy on the photovoltaic industry, indicating a surge in demand and potential price increases in the supply chain due to a "rush to install" distributed photovoltaic projects before the new pricing regulations take effect in May 2025 [1][4]. Price Trends - The prices of various components in the photovoltaic supply chain are expected to rise, with specific increases noted for polysilicon and N-type silicon wafers [2]. - Polysilicon price is projected to increase from CNY 41.0/kg to CNY 42.0/kg, a rise of 2.44% [2]. - N-type G12R monocrystalline silicon wafer is expected to see a price increase of 3.57%, from CNY 1.40 to CNY 1.45 per piece [2]. Demand Dynamics - The rush to install distributed photovoltaic projects is expected to peak in the second quarter, driven by recent policy changes that eliminate fixed purchase prices for projects connected to the grid after May 31 [4][5]. - The demand for silicon wafers remains optimistic due to the rush in distributed projects and recovering demand in other regional markets [5][6]. Supply Chain Considerations - The supply of polysilicon is currently constrained due to low operating rates among manufacturers, with expectations that prices could reach CNY 45/kg in the near term [4]. - The article notes that while the second quarter may see stable supply-demand dynamics, a decline in demand is anticipated in the third quarter, potentially leading to price drops [5]. Component Pricing - The article indicates that the price of components, particularly for TOPCon bifacial modules, has been supported by strong demand, with current prices reaching CNY 0.73/W [6]. - However, as the rush to install projects concludes, a return to an average price of CNY 0.7/W is expected in the third quarter due to increased market competition [6].