今日周一(12月22日)欧盘时段，白银期货目前交投于16028一线上方，今日开盘于15374元/千克，截至发 稿，白银期货暂报16109元/千克，上涨5.40%，最高触及16282元/千克，最低下探15340元/千克，目前来 看，白银期货盘内短线偏向震荡走势。 【要闻速递】 周二即将公布的美国第三季度GDP年化数据，被视为评估美国经济韧性以及美联储下一步政策节奏的重 要参考。从政策层面看，美联储官员的最新表态强化了"暂缓行动"的基调。 另外，光伏产业是当前白银工业需求增长的最大引擎。过去十年间，全球太阳能装机容量增长超过10 倍，而国际能源署预测这一趋势将以年均17%的速度延续至2030年。 【最新白银期货行情解析】 沪银维持偏强走势，形成单边走势，短期确认上涨趋势，目前价格涨超5%，布林带向上开口，显现积 极信号，沪银主力合约支撑关注15300元/千克附近，上方阻力看向16500元/千克附近。 克利夫兰联储主席哈马克表示，目前货币政策处于较为合适的位置，有必要在第一季度评估此前累计75 个基点降息对经济的影响。这一表态被市场解读为短期内政策调整空间有限，有助于稳定美元表现。 利率市场定价也印证了这一判断。C ...

中国光伏行业调研简报 | 2025/09 www.leadleo.com 报告标签：市场规模、产业链、发展趋势、政策导向、企业图谱 2025年9月 报告提供的任何内容（包括但不限于数据、文字、图表、图像等）均系头豹研究院独有的高度机密性文件（在报告中另行标明出处者除外）。未经头豹 研究院事先书面许可，任何人不得以任何方式擅自复制、再造、传播、出版、引用、改编、汇编本报告内容，若有违反上述约定的行为发生，头豹研究 院保留采取法律措施、追究相关人员责任的权利。头豹研究院开展的所有商业活动均使用"头豹研究院"或"头豹"的商号、商标，头豹研究院无任何前述名 称之外的其他分支机构，也未授权或聘用其他任何第三方代表头豹研究院开展商业活动。 1 头豹调研简报 | 2025/09 光伏行业 Q1：全球和中国光伏行业市场规模有多大？未来增长态势如何？ 130 170 230 390 530 583 680 813 935 980 1,078 48.2 54.9 87.4 216.3 277.6 285.9 294.5 303.3 312.4 321.8 340.0 0 200 400 600 800 1000 1200 202 ...

12月17日消息，在今天举行的2025光伏行业年度大会光伏供应链配套发展研讨会上，隆基绿能科技股份 有限公司首席技术官、中央研究院院长李振国在致辞中表示，展望未来，光伏行业需要凝聚共识，齐心 协力。一方面，要持续强化创新引领、构建韧性协同的供应链体系，积极开拓全球市场，持续提升中国 光伏品牌的国际影响力与竞争力；另一方面，呼吁产业链上下游同仁加强务实合作，强化行业自律，坚 决抵制非理性竞争，合力营造开放包容、规范有序、韧性高效的产业新生态。 李振国谈到，经过几十年发展，我国光伏产业从无到有、从小到大，已形成技术研发活跃、产业链完整 齐备、端到端自主可控的具有国际竞争优势的战略性新兴产业。中国光伏企业通过自主创新与原创技术 发展，已经推动多个产业链环节达到国际领先水平，中国光伏产品已经出口至全球200多个国家和地 区，成为全球能源转型的重要支撑。 他指出，中国光伏产业在取得辉煌成就的同时，也正经历深刻的周期性调整，面临着产能、价格与"内 卷式"竞争的挑战，创新引领、稳健协同的供应链体系，是推动产业持续健康发展的关键所在。（刘丽 丽） 12月17日消息，在今天举行的2025光伏行业年度大会光伏供应链配套发展研讨会 ...

Core Viewpoint - The solar EVA industry is experiencing significant growth, driven by the rapid development of the photovoltaic sector, with China's solar EVA production expected to reach 131.1 GW in 2024, a year-on-year increase of 10.7% [1][7]. Summary by Sections 1. Overview of the Solar EVA Industry - Solar EVA is a thermosetting adhesive film made from ethylene-vinyl acetate copolymer, primarily used in solar photovoltaic modules and optical products [3]. - It possesses high transparency and strong adhesion, suitable for various materials, and is resistant to high temperatures, moisture, and UV radiation [3]. 2. Industry Chain of Solar EVA - The upstream raw materials for solar EVA include ethylene and vinyl acetate, which are polymerized to form EVA resin [4]. - The downstream application is primarily in the photovoltaic industry [4]. 3. Current Development of the Solar EVA Industry - Solar EVA holds over 50% market share due to its excellent packaging performance and low cost [1][7]. - The production of solar EVA is expected to continue growing, supported by government initiatives and technological advancements [1][7]. 4. Competitive Landscape of the Solar EVA Industry - Major players in the solar EVA market include Foster, Haiyou New Materials, and Lushan New Materials, with some foreign brands like LG Chem and Sumitomo Chemical also present [8]. 5. Development Trends in the Solar EVA Industry - Companies are expected to increase R&D investments to develop high-performance, differentiated EVA products [10]. - There will be a focus on optimizing capacity layout and enhancing collaboration between upstream and downstream enterprises to ensure stable supply chains [11][12]. - The industry will also emphasize green production and sustainable development practices to meet environmental standards [13].

Core Viewpoint - Daqo Energy has adjusted its production plan based on current product prices and market trends, expecting a polysilicon output of 39,500 to 42,500 tons in Q4, which will enhance scale efficiency and optimize unit costs [1] Group 1: Production and Cost Management - The company anticipates an increase in polysilicon production to between 39,500 tons and 42,500 tons in the fourth quarter [1] - The increase in production is expected to lead to scale benefits and a reduction in fixed costs per unit, further optimizing unit costs [1] Group 2: Industry Standards and Policy - On September 16, the National Standardization Management Committee released a draft for public consultation on energy consumption limits for polysilicon and germanium products [1] - Daqo Energy stated that the standard revision aligns with industry technological development and national industrial policy, providing a scientific and advanced technical standard basis for industry optimization and transformation [1] - The new standards are significant for guiding innovation and promoting a healthy competitive landscape in the photovoltaic industry, ensuring sustainable high-quality development [1] Group 3: Market Outlook - The company projects a steady growth trend in global photovoltaic installation demand by 2026 [1] - The domestic market is shifting its focus from scale expansion to high-quality development, while overseas market demand remains stable with a slight increase [1]

Core Viewpoint - Hongyuan Green Energy (603185.SH) reported significant growth in revenue and profitability for Q3 2025, driven by increased prices and sales volume of photovoltaic products [1] Financial Performance - Q3 2025 revenue reached 2.456 billion yuan, representing an 85.50% year-on-year increase [1] - Net profit attributable to shareholders was 532 million yuan, marking a turnaround from loss to profit [1] - For the first three quarters of 2025, total revenue was 5.685 billion yuan, up 6.54% year-on-year [1] - Net profit for the first three quarters was 235 million yuan, also indicating a recovery from previous losses [1] Market Drivers - The primary factors contributing to the performance improvement include the rise in photovoltaic product prices compared to the same period last year and an increase in shipment volumes [1]

Core Viewpoint - Hongyuan Green Energy reported significant growth in its Q3 2025 financial results, driven by increased prices and sales volume of photovoltaic products [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 2.456 billion yuan, representing a year-on-year increase of 85.50% [1] - The net profit attributable to shareholders was 532 million yuan, marking a turnaround from a loss to profitability compared to the previous year [1] - For the first three quarters of 2025, the company recorded operating revenue of 5.685 billion yuan, up 6.54% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 235 million yuan, also indicating a shift from loss to profit compared to the same period last year [1] Key Drivers - The primary factors contributing to the performance improvement include the rise in photovoltaic product prices compared to the same period last year and an increase in shipment volumes [1]

Core Viewpoint - Hongyuan Green Energy (603185.SH) reported significant growth in its Q3 2025 financial results, driven by increased prices and sales volume of photovoltaic products [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 2.456 billion yuan, representing a year-on-year increase of 85.50% [1] - The net profit attributable to shareholders was 532 million yuan, marking a turnaround from a loss to profitability [1] - For the first three quarters of 2025, the company recorded operating revenue of 5.685 billion yuan, up 6.54% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 235 million yuan, also indicating a return to profitability [1] Key Drivers - The primary factors contributing to the performance improvement include the rise in photovoltaic product prices compared to the same period last year and an increase in shipment volumes [1]

Core Viewpoint - The company has signed a significant contract with a subsidiary of a domestic photovoltaic company, which is expected to positively impact its financial performance in the current and future years [1] Summary by Relevant Sections - **Contract Details** - The contract amount is approximately 761 million RMB (including tax) [1] - This contract represents about 68.83% of the company's audited revenue for the fiscal year 2024 [1] - The subject of the contract is a photovoltaic battery production line solution [1] - **Impact on Financial Performance** - The contract is anticipated to have a positive effect on the company's operating results for the current year and beyond [1] - **Contract Activation** - The contract will take effect upon the signing and sealing by both parties [1]

Core Insights - Jinko Energy (Shangrao) Co., Ltd. has increased its registered capital from 3.5 billion RMB to approximately 3.97 billion RMB [1] - The company was established in April 2020 and is involved in the research, processing, manufacturing, installation, and sales of various solar energy products [1] - Shareholders of the company include Jinko Energy, Shangrao Binjiang Investment Co., Ltd., and Shangrao Economic and Technological Development Zone Urban Construction Engineering Management Co., Ltd. [1] Company Overview - Jinko Energy (Shangrao) Co., Ltd. focuses on the production and sales of monocrystalline silicon rods, monocrystalline silicon wafers, multicrystalline ingots, multicrystalline silicon wafers, high-efficiency solar cells, modules, and photovoltaic application systems [1] - The company also engages in the production and sales of solar raw materials and related supporting products [1]