Core Viewpoint - The final ruling on the anti-dumping case regarding capsules by the U.S. Department of Commerce has been postponed to December 22, due to a prolonged government shutdown, which is a rare occurrence in U.S. history [1] Group 1 - The original announcement date for the final ruling was October 13, but it has been delayed twice [1] - The company maintains an optimistic outlook regarding the final ruling based on the Department of Commerce's site inspection conducted in July [1] - The company is implementing various effective measures to mitigate the negative impact of the anti-dumping ruling on its performance [1]

Group 1 - The European Commission has initiated a second anti-dumping and countervailing "sunset review" against Chinese solar glass, reminiscent of actions taken in 2013 and 2019, with current tariffs set to expire in 2025 [1][3] - European solar glass manufacturers are facing significant challenges, with local production capacity at only 8 GW while demand has surged to 56 GW in 2023, leading to a heavy reliance on imports from China, which are priced approximately 25% lower [3] - The EU aims to use these tariffs to buy time for its "Net Zero Industrial Act," targeting a 40% domestic supply chain share by 2030, but investment in the entire supply chain has lagged, with new glass furnace projects underfunded compared to leading Chinese firms [3] Group 2 - The Chinese Ministry of Commerce has responded strongly to the EU's tariff actions, indicating potential countermeasures that could include tariffs on polysilicon, silicon wafers, and luxury goods, which may escalate trade tensions [4] - The imposition of tariffs could extend the payback period for European consumers investing in rooftop solar from 7 years to 10 years, highlighting the potential economic impact on the market [4]