"自律代表着大家要达成一个共识，实现合理的平衡。"钟宝申强调，自律是重要的一步，在此基础上还 需要同步实现标准引领、扶优扶强以及支持技术创新。 针对标准引领，钟宝申表示，要提高市场准入的标准，致使低质低效的产品以及落后的产能无法销售、 生产。而在扶优扶强方面，钟宝申认为，未来行业有可能会通过兼并重组或者分级治理的方式来推进。 "总体而言，我对光伏整治'内卷式'竞争的大方向还是保持积极乐观的，无论如何2026年行业都会有所 转变。"钟宝申表示。 （原标题：隆基绿能钟宝申：光伏自律要与标准引领、扶优扶强和技术创新结合） 21世纪经济报道记者曹恩惠 西安报道 "我相信，绝大多数企业都是支持行业自律的。"在12月18日举行的2025光伏行业年度大会上，隆基绿能 董事长钟宝申分享了其对当前光伏行业整治"内卷式"竞争的看法。 21世纪经济报道记者从现场了解到，在钟宝申看来，光伏产业的自律需要与标准引领、扶优扶强以及技 术创新这三个方向的措施相结合，才能达到更好的效果。 ...

日前，中国光伏行业协会深入学习贯彻中央经济工作会议精神，深刻分析当前行业发展形势，系统部署 下一阶段工作，凝心聚气助力行业持续回升向好。 据国家能源局数据显示，今年前10个月，全国光伏新增装机达到252.87GW，同比增长超过39.48%；中 国光伏行业协会监测发现，硅料现货价格从3.54万元/吨升至5.36万元/吨，组件招标均价稳步回升；今 年11月份，"光伏设备及元器件制造"价格同比降幅正在收窄。 通过近一年来的行业调整，中国光伏行业协会通过建立产业链信息透明化机制，让企业的自主决策对市 场的反馈更迅速、更科学。 在获得中国光伏行业协会持续提供的市场和产业端真实的信息后，行业龙头企业率先行动，自发、理性 地调降开工率。这种基于信息透明的自发自主行为，迅速传导至市场终端。随着产品价格的逐步回升， 光伏行业内企业自觉自律的努力开始取得实质性成效。根据中国光伏行业协会统计，2025年1月至2025 年11月期间，跟踪的招标项目140个（总容量116.69GW）中标项目109个（136.49GW），投标、中标的 组件均价整体呈现稳中略有提升的趋势。 以硅料环节为例，N型复投料成交均价从7月初的3.54万元/吨一路 ...

拉长时间看，截至11月20日，光伏ETF(159857)近1月规模增长1.77亿元，本月以来份额增长2.92亿份，实 现显著增长。 资金流入方面，光伏ETF(159857)近10个交易日内有7日资金净流入，合计"吸金"2.96亿元。 值得一提的是，光伏ETF(159857)盘中获资金逆市布局，净申购份额已达1300万份。 | | 光伏ETF 159857 | द्रेन | | --- | --- | --- | | | | 通 融 △ ○ + | | 实时申购赎回信息 | 申购 | 岐回 | | 筆数 | 45 | 28 | | 金额 | 0 | 0 | | 份额 | 4500万 | 3200万 | 【产品亮点】 光伏ETF(159857)相关机会备受市场关注，一键布局【硅料硅片+组件+设备+电站】光伏全产业链。 【相关产品】 光伏ETF(159857)，对应场外指数基金（A：011102；C：011103）。 【热点事件】 截至2025年11月21日 11:17，光伏ETF(159857)盘中换手6.96%，成交1.73亿元。跟踪的中证光伏产业指数 (931151)下跌5.11%。成分股方面，微导纳米(6 ...

Core Viewpoint - The self-regulation efforts in China's photovoltaic industry have yielded positive results, leading to a stabilization in product prices and addressing issues such as supply-demand imbalance and intense competition [1][5]. Group 1: Industry Self-Regulation - The photovoltaic industry has actively promoted self-regulation over the past year to tackle challenges like supply-demand imbalance and "involution" competition [1]. - The China Photovoltaic Industry Association reported that self-regulation has contributed to a fair competition environment and risk mitigation within the industry [1]. Group 2: Price Trends - From the bidding price perspective, the average price of components in 144 tracked bidding projects from November 2024 to October 2025 has shown a slight increase [3]. - The average prices of polysilicon, silicon wafers, battery cells, and modules have experienced a slight rise during the same period [3]. - Polysilicon futures prices have increased by nearly 20%, indicating a significant improvement in the situation where polysilicon prices were below cost [3]. Group 3: Industry Collaboration - The China Photovoltaic Industry Association expressed a desire for the industry to unite and collaboratively maintain a healthy and orderly market environment [5].

Group 1 - The core viewpoint is that the Chinese photovoltaic industry has made significant progress in self-regulation to address issues such as supply-demand imbalance and intense competition [1][3] - The industry has achieved certain results in creating a fair competitive market, mitigating risks, and promoting high-quality development, with product prices gradually stabilizing [3] - From November 2024 to October 2025, 144 tracked bidding projects showed a slight increase in the average price of components, while spot prices for polysilicon, wafers, cells, and modules have also seen slight increases [3] Group 2 - The average price of polysilicon futures has risen by nearly 20%, indicating a significant improvement in the situation where polysilicon prices were below costs [3] - The Chinese Photovoltaic Industry Association expressed a desire for the industry to unite and work together to maintain a healthy and orderly market environment [6]

Core Viewpoint - The self-regulation in China's photovoltaic industry has achieved positive results, leading to a stabilization in product prices [1][5]. Group 1: Industry Self-Regulation - The photovoltaic industry has actively promoted self-regulation to address issues such as supply-demand imbalance and intense competition [1]. - The China Photovoltaic Industry Association reported that self-regulation efforts have contributed to a fair competition environment and risk mitigation [1]. Group 2: Price Trends - From the bidding price perspective, the average price of components has shown a slight increase during the period from November 2024 to October 2025, with 144 tracked bidding projects [3]. - The average prices of polysilicon, silicon wafers, solar cells, and modules have slightly risen in the spot market during the same period [3]. - Polysilicon futures prices have increased by nearly 20%, indicating a significant improvement in the situation where polysilicon prices were below production costs [3].

Core Viewpoint - The Chinese photovoltaic industry has made significant progress in self-regulation, addressing issues such as supply-demand imbalance and intense competition, leading to a more stable market environment [1][5]. Group 1: Industry Self-Regulation - The photovoltaic industry has actively promoted self-discipline over the past year, resulting in positive outcomes [1]. - The industry has achieved certain results in creating a fair competitive landscape, mitigating risks, and promoting high-quality development [1]. Group 2: Price Trends - From November 2024 to October 2025, the average bid price for components has shown a slight increase, with a total of 144 tracked bidding projects [3]. - The average prices of polysilicon, silicon wafers, battery cells, and modules have slightly risen during the same period [3]. - Polysilicon futures prices have increased by nearly 20%, indicating a significant improvement in the situation where polysilicon prices were below cost [3]. Group 3: Industry Collaboration - The industry association emphasizes the importance of unity and collaboration among companies to maintain a healthy and orderly market environment [5].

Core Viewpoint - The company, JA Solar Technology Co., Ltd., has issued a statement clarifying that recent rumors circulating online about the company are false and misleading, damaging the company's and the industry's reputation [1][4]. Group 1: Company Response - The company emphasizes that its board secretary has not made any statements in internal or external meetings regarding the rumors, which are deemed as internet fabrications [4]. - The company reserves the right to pursue legal action against those spreading false information [4]. - The company urges investors, partners, and the public to rely on official channels for accurate information and to avoid spreading rumors [4]. Group 2: Industry Context - The photovoltaic sector experienced a significant downturn, attributed to market rumors, including claims about the rejection of a silicon material and component alliance by authorities [7]. - The China Photovoltaic Industry Association has also issued a statement denouncing the false information circulating online, emphasizing the importance of industry self-discipline and the need for careful decision-making [8].

Core Viewpoint - The recent rumors regarding Hongyuan Green Energy's non-participation in the photovoltaic industry's self-discipline have sparked significant attention, with the company issuing a statement supporting national policies against low-price competition and denying the rumors [2][3] Group 1: Company Response - Hongyuan Green Energy firmly supports the national "anti-involution" policies and will take actions to address low-price disorder in the market [2] - The company announced that some media outlets have deleted false reports, and it will pursue legal action against continued dissemination of such rumors [2] - The company's stock price fell by 3.2% on September 26, indicating a negative impact on investor confidence due to the rumors [3] Group 2: Industry Context - The photovoltaic industry has initiated strict management measures to curb low-price sales, with a cost line set at 0.69 yuan/W [4] - An anonymous source indicated that Hongyuan is no longer on the self-discipline execution list due to its low bid of 0.655 yuan/W in a project, which triggered disciplinary actions [2][4] - The industry has established a tight supervision network to monitor low-price sales, with severe penalties for violations [4] Group 3: Market Pricing Dynamics - Current market pricing for components is around 0.701 yuan/W, with expectations of price increases post-holiday leading to stockpiling by distributors [5] - Recent procurement bids have shown prices above the self-discipline standard, with no significant downward trends observed [5] - Some second and third-tier companies are still quoting low prices around 0.66 yuan/W, but they are not part of the self-discipline list, allowing them to operate outside the established norms [6] Group 4: Procurement and Investment Considerations - National enterprises prioritize stable procurement from traditional suppliers, reflecting a cautious approach amid fluctuating component prices [6] - The internal rate of return (IRR) for projects has become difficult to estimate due to declining grid prices, leading to a cautious stance from procurement parties [6] - The balance between price increases and maintaining contracts creates a complex dynamic for component manufacturers and buyers, necessitating ongoing adjustments in the self-discipline process [6]

Group 1 - Goldman Sachs predicts a 20% decline in silicon material prices, forecasting a drop to 42,000 yuan/ton due to weak demand and cost reductions among major producers [3][4][5] - The report anticipates a 15% increase in capital expenditure plans for photovoltaic companies for 2025-2026, with year-on-year growth rates of -49% and 0% respectively [2][3] - The upstream supply chain remains weak, with a generally pessimistic outlook, while there is a more favorable view on auxiliary materials and high-efficiency component companies [2][3] Group 2 - Demand for silicon materials is expected to decrease by 40-45% in the second half of 2025 and the first half of 2026, according to Goldman Sachs [3][5] - Despite a decrease in cash costs for leading silicon producers, overall costs remain high, with major producers still facing significant losses [4][5] - The report suggests that the current market dynamics and policies may lead to a stabilization of demand, despite short-term declines [5][6] Group 3 - The profitability of auxiliary materials is closely tied to the overall profitability of components, which is currently under pressure due to supply-demand imbalances [10][11] - High-efficiency components are experiencing premium pricing, but this is limited to high-end markets due to funding constraints [10][11] - The overall health of the photovoltaic industry is contingent on the upstream supply chain's ability to manage production and pricing effectively [11][12] Group 4 - The report from Goldman Sachs is viewed skeptically by industry analysts, who believe it underestimates demand and the complexities of cost structures [12][14] - The ongoing industry reforms are expected to bring the sector back to a breakeven point, but long-term profitability remains uncertain due to competitive pressures and market dynamics [14]