（原标题：硅料新单报价跳涨超20%，明年一季度末终端需求好转？） 21世纪经济报道记者曹恩惠 尽管最新一期的硅料价格保持稳定，但市场消息称多数多晶硅企业新单报价均已上调。 12月17日，中国有色金属工业协会硅业分会（下称硅业分会）发布的数据显示，据安泰科统计，本周多 晶硅N型复投料成交价格区间为4.9万-5.5万元/吨，成交均价为5.32万元/吨；N型颗粒硅成交价格区间为 5.0万-5.1万元/吨，成交均价为5.05万元/吨。 与上周相比，硅料价格环比持平。但硅业分会表示，本周多数多晶硅企业均将新单报价上调至6.5万元/ 吨以上。这与当前价格相比上涨超过20%。 "本周国内多晶硅市场呈现'成交清淡、报价探涨'的局面。"硅业分会称，本周主流签单企业数量进一步 减少，新签订单几乎停滞。 硅业分会也指出大多数硅料企业上调报价的原因："业内普遍预期2026年一季度末终端需求有望好转。 此时上调报价，主要是向市场传递坚决稳价的信号，为下游硅片、电池片环节的价格企稳提供底部支 撑。" 文章还表示，该平台承接数百亿元级潜在债务，可帮助化解银行与供应商危机，推动价格回归合理区 间，恢复全产业链"造血"功能。 整体来看，目前多 ...

Core Viewpoint - The Hong Kong photovoltaic stocks have risen against the trend, with significant gains for leading companies, indicating a positive market sentiment driven by consolidation efforts in the industry [1] Group 1: Stock Performance - Xinyi Solar (00968.HK) increased by 5.15% to HKD 3.880 [2] - Flat Glass Group (06865.HK) rose by 4.38% to HKD 12.640 [2] - GCL Technology (03800.HK) saw a gain of 2.17% to HKD 1.410 [2] - New Energy (01799.HK) experienced a modest increase of 1.53% to HKD 8.600 [2] Group 2: Industry Developments - Major photovoltaic companies are negotiating mergers and acquisitions with smaller firms to eliminate excess capacity in the industry [1] - GCL Group's chairman announced that 17 silicon material companies have agreed to form a consortium, expected to be established by 2025 [1] - The consortium will consist of no more than 10 leading silicon material companies and financial institutions, aiming to create a platform company for acquiring other silicon material companies' capacities [1]

Core Viewpoint - Tianyang New Materials (SH:603330) is undergoing a significant ownership change as Li Zhelong steps down and Baixing Group takes control, marking a notable merger in the photovoltaic film industry [1][4]. Company Summary - Li Zhelong has resigned from all positions at Tianyang New Materials, including Chairman and General Manager, with Feng Yanzhao also stepping down from his director role [2][3]. - The new nominees for the board include Ru Zhengwei and Mao Qubo, both associated with Baixing Group, which has a strong presence in the photovoltaic film sector [2][3]. - Tianyang New Materials, founded in 1993, has diversified into four main business segments, with photovoltaic encapsulation films being the largest, accounting for approximately 50% of its revenue since 2022 [3][4]. Industry Context - The acquisition represents a strategic move in the photovoltaic film industry, with Baixing Group aiming to consolidate its position in the market [2][3]. - Tianyang New Materials has faced significant financial challenges, reporting losses for three consecutive years, with a notable loss of 2.13 billion yuan expected in 2024 [9][10]. - The photovoltaic film market has become increasingly competitive, leading to declining profit margins for companies like Tianyang New Materials, which saw its gross margin for photovoltaic films drop to negative figures in recent years [9][10][11]. Financial Overview - Baixing Group, which has a diverse portfolio including industrial manufacturing and real estate, reported a revenue of 25.5 billion yuan in 2020 and ranks 371st among China's top private enterprises [6]. - Tianyang New Materials has been struggling with its photovoltaic film business, which has seen a drastic decline in gross margins, falling to -3.94% in 2023 [9][10]. - The merger is seen as a potential pathway for Baixing Group to achieve a public listing, integrating its assets in the photovoltaic sector [6][14].