他还回忆了通威进入光伏原材料环节的历史。刘汉元谈到，经过十几年时间，通威的多晶硅产量从1000 吨到1万吨到10万吨，到现在基本上百万吨的水平，到现在技术实现了第8代迭代，纯度到了11个9的程 度，成本降到了原来生产成本的一个数量级以下。 "从100万一吨，10万块钱一吨，到现在3万块钱一吨，纯度从2个9提升到11个9，提高了9个数量级以上 的纯度，如果是百万的生产成本的话，成本降低到3%，这就是技术进步带给我们的，"刘汉元表示，回 顾过去10多年技术研究和工程化转化应用的历史，感到骄傲和自豪，感到惊讶。（刘丽丽） 责任编辑：江钰涵 11月19日消息，在2025第八届中国国际光伏与储能产业大会首届光伏CTO峰会暨技术创新大会上，通威 集团董事局主席刘汉元表示，短短10年时间，光伏电池生产设备从原来100%进口到现在100%国产，原 来看进口设备和国产设备，外观就能区别出来，现在国产的和进口的设备看不出外观区别，而且全部实 现了主要设备的国产化，一路引领全球的技术研究和进步。 ...

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of 25.37 CNY [6][13]. Core Views - The company has a solid industry position, and as the industry stabilizes, its performance is expected to improve. The first quarter losses have narrowed, and both the battery and polysilicon businesses are enhancing quality and efficiency [3][13]. - The company achieved a revenue of 91.994 billion CNY in 2024, a year-on-year decrease of 33.9%, with a net profit attributable to the parent company of -7.039 billion CNY [5][13]. - The company is the top seller of battery cells, with a sales volume of 87.68 GW in 2024, an increase of 8.7% year-on-year, and has maintained its position as the global leader in shipment volume for eight consecutive years [13]. Financial Summary - Revenue is projected to recover to 97.675 billion CNY in 2025, with a growth rate of 6.2% [5][14]. - The net profit attributable to the parent company is expected to improve to -2.745 billion CNY in 2025, with a significant recovery forecasted in subsequent years [5][14]. - The company's cash cost of production for polysilicon has decreased to 27,000 CNY per ton (excluding tax) [13]. Operational Highlights - The company has successfully integrated key equipment and technologies, leading to a reduction in comprehensive electricity consumption and silicon consumption [13]. - The company is advancing its technology roadmap, with plans to enhance the efficiency of its products and maintain a multi-technology development strategy [13].