Core Viewpoint - The photovoltaic industry is experiencing significant turmoil, with a high turnover of executives due to various pressures, including financial losses and operational challenges [5][6][18]. Group 1: Executive Changes - On September 2, Zhonglai Co., Ltd. announced the resignation of its chairman, Cao Lu, due to age reasons, marking a notable leadership change in the company [5]. - Over 50 executives have resigned or left their positions in the photovoltaic industry this year, affecting 33 listed companies, with 31 of these being at the chairman or general manager level [8]. - The trend of executive turnover is particularly pronounced among "cross-border" companies and older photovoltaic firms, with many citing personal or age-related reasons for their departures [10][11]. Group 2: Industry Challenges - The photovoltaic sector has seen over 150,000 job losses, with salary cuts, layoffs, and work stoppages becoming commonplace [6]. - Major companies like Longi Green Energy, Trina Solar, and JinkoSolar have also experienced executive changes, indicating widespread instability across the industry [14][15]. - The financial strain is evident, as leading companies reported a combined loss of 201.73 million yuan in the first half of the year, highlighting the harsh realities of the current market environment [18]. Group 3: Future Outlook - Despite the challenges, the industry is viewed as entering a phase where strategic adjustments and personnel restructuring are necessary for future growth [17][18]. - Companies are encouraged to utilize this period of difficulty to optimize their organizational structures and prepare for a potential recovery in the market [18].