Core Viewpoint - The photovoltaic industry is undergoing a deep adjustment period, with significant changes in market demand growth trends. Companies like Canadian Solar (阿特斯) are adjusting their production strategies in response to these industry-wide developments [1][4]. Industry Summary - The growth rate of photovoltaic demand is slowing, becoming a consensus within the industry. The domestic photovoltaic installation market has shown a pattern of high growth followed by a decline. In the first half of the year, the newly installed capacity reached 212 GW, setting a historical record. The China Photovoltaic Industry Association has raised its forecast for new installations this year to a range of 270 GW to 300 GW. However, after the surge in installations in the first half, the pace is expected to slow down in the second half [3]. - The overseas market exhibits different development characteristics. Changes in U.S. policies have a relatively limited short-term impact on demand, while emerging markets continue to show stable growth. Rapid development in regions such as the Indo-Pacific and Middle East-Africa is providing significant support for global photovoltaic demand, with these areas gradually releasing market potential and becoming new drivers for industry growth [3]. Company Summary - In response to profound market changes, Canadian Solar has adopted a flexible production adjustment strategy. The company's third-quarter production was dynamically adjusted based on market demand, showing a decrease compared to the second quarter. This adjustment reflects the company's accurate judgment of market conditions and its ability to respond quickly [4]. - The company has stated that its component business will not solely pursue shipment scale but will prioritize profit stability. By balancing supply and demand, the company aims to ensure stable profitability. This strategic shift indicates a transition in photovoltaic manufacturing enterprises from scale expansion to high-quality development [4]. - Starting in the first half of 2024, Canadian Solar has established a "balance of quantity and profit" development strategy. The company is proactively optimizing its shipment structure and focusing on high-value markets to regulate production capacity. This forward-looking strategy is proving valuable in the current market environment, laying a foundation for maintaining competitive advantages during the industry adjustment period [4].

鉴于公司2024年末未分配利润为负值，综合考虑公司长远发展战略及短期经营状况，结合宏观经济环境 形势下经营资金周转安排，结合公司目前实际情况，凯盛新能拟定2024年度不进行利润分配，也不进行 资本公积转增股本和其他形式的利润分配。 凯盛新能主要从事新能源材料的研发、生产及销售。主营产品包括用于太阳能光伏组件的前板玻璃(超 白压花玻璃)、光伏双玻组件背板玻璃。目前，公司已在华东、华中、华北及西南地区建立了七大智能 化光伏玻璃生产基地。截至2024年末，公司在产光伏玻璃原片产能4550吨/日；现有深加工前板、背板 生产线47条，年产量约3.4亿平方米。 凯盛新能在年报中指出，2024年对公司而言是困难与挑战交织的一年。受供需矛盾和产能错配的影响， 内卷式竞争加剧，光伏产业链价格持续下跌，全行业进入深度调整期。 凯盛新能4月23日晚间披露2024年度报告。去年公司实现营业总收入45.94亿元，同比下降30.34%；净亏 损6.1亿元，同比下降254.52%。 凯盛新能指出，2024年光伏玻璃市场竞争加剧，市场行情持续走低，同时整体出货量同比有所回落，造 成营业收入同比有较大幅度下降。去年虽然主要大宗原料采购价格同比 ...