Core Insights - The 2025 8th China International Photovoltaic and Energy Storage Industry Conference was held in Chengdu, focusing on the theme "Solar Storage Co-Prosperity, Integration Empowerment, Intelligent Innovation for the Future" [2] - The conference attracted over 5,000 participating and exhibiting companies, with a total project signing amount exceeding 33 billion RMB [2][51] - The event featured high-profile guests, including government leaders and industry experts, and included 45 sessions over four days, marking a record in attendance and participation [5][40] Event Overview - The conference has been successfully held since 2018 and is now ranked among the top three photovoltaic and energy storage industry events globally [3] - The event showcased a comprehensive platform for dialogue covering policy formulation, academic research, and industry practices [5] - The conference was supported by over 100 authoritative institutions and organizations, enhancing its credibility and reach [20][24] Participation and Engagement - More than 2,500 key guests, including government representatives from nearly 20 regions, attended the conference [9][16] - The event saw participation from over 100 international buyers, covering major regions such as Europe, Asia, Africa, and Latin America [34] - The conference facilitated extensive media coverage, with over 200 media outlets reporting, resulting in a total online reach exceeding 200 million views [108][120] Achievements and Announcements - The conference launched the "Chengdu Declaration" aimed at breaking the "involution" competition and strengthening global energy security [2][80] - A total of 330 billion RMB in project agreements were signed, focusing on various aspects of the photovoltaic and energy storage industry [51] - The "2025 China Energy Development White Paper" and the first quality white paper for the global photovoltaic battery industry were released, providing insights into industry trends [88][86] Future Directions - The conference emphasized the importance of collaboration and open markets for the sustainable development of the energy sector [34] - The event is expected to continue fostering partnerships among governments, international organizations, and industry players to enhance global energy security [131]

Core Insights - The 2025 8th China International Photovoltaic and Energy Storage Industry Conference concluded in Chengdu, focusing on the theme "Photovoltaic and Energy Storage Integration Empowering Intelligent Future" [1] - The conference achieved record participation, with over 5,000 companies attending and a total project signing amount exceeding 33 billion RMB [1][8] - The event emphasized the importance of international collaboration, attracting over 100 overseas buyers from various regions [2] Group 1: Conference Highlights - The conference maintained high standards, featuring a record number of foreign guests and authoritative organizations [1] - A total of 45 events were held, including main meetings and parallel sessions, showcasing the industry's growth and innovation [1] - The conference launched the "2025 China Energy Storage Festival" and established a global energy storage media alliance [1] Group 2: Industry Development - The conference highlighted the rapid development of the silicon photovoltaic industry in Sichuan, with significant projects signed in various cities [8] - The total project investment covered various aspects of the energy sector, including centralized and distributed photovoltaic projects, independent energy storage, and smart energy solutions [8][9] - The event served as a core platform for industry collaboration, promoting the integration of the entire energy industry chain [9] Group 3: Innovation and Collaboration - The conference provided a multi-level communication platform, addressing key topics such as technology innovation, market application, and investment cooperation [11] - Various forums and summits were held, focusing on the integration of energy storage and power supply chains, as well as sustainable development practices [11] - The release of the "2025 China Energy Storage Brand Top 100 List" showcased leading brands in the industry, promoting innovation and core capabilities [13]

Core Insights - The 2025 8th China International Photovoltaic and Energy Storage Industry Conference was held from November 17 to 20 in Chengdu, showcasing the theme "Photovoltaics and Energy Storage Shine Together, Integration Empowers, Intelligent Innovation for the Future" [1] - The conference attracted over 5,000 participating and exhibiting companies, with a total project signing amount exceeding 33 billion yuan, marking a historic high in various metrics [1][2] Group 1 - The conference maintained high standards and specifications, featuring a record number of important leaders, global business leaders, and authoritative experts [1] - The event included 45 sessions over four days, comprising main meetings, parallel sessions, and evening events [1] - The conference launched the "Chengdu Declaration" aimed at breaking "involutionary competition" and strengthening global energy security [1] Group 2 - Since its inception in 2018, the China International Photovoltaic and Energy Storage Industry Conference has become one of the top three international events in the photovoltaic and energy storage sector globally [2] - The conference's influence and project-driving capabilities have continuously strengthened, establishing it as a key player alongside the Shanghai SNEC Photovoltaic Conference and the Munich Solar PV Exhibition [2]

Core Viewpoint - The establishment of the Global Photovoltaic and Energy Storage Industry New Media Alliance aims to enhance the communication and influence of the photovoltaic and energy storage industry, aligning with China's dual carbon strategy and promoting high-quality development in the sector [2][6]. Group 1: Industry Development and Challenges - The photovoltaic and energy storage industry in China has become a significant representation of the country's technological strength and industrial competitiveness, playing a crucial role in global energy transition [2]. - Despite rapid growth, the industry faces challenges such as fragmented communication, insufficient penetration of quality content, and weak international discourse [2]. Group 2: Alliance Objectives - The alliance aims to anchor its efforts in national strategy, reinforcing the public discourse around energy transition and the strategic significance of the photovoltaic and energy storage industry [3]. - It seeks to leverage the unique advantages of new media to promote a healthy development ecosystem within the industry, emphasizing innovation and integrity [4]. - The alliance intends to integrate industry resources to create a cohesive promotional framework, enhancing the overall effectiveness and brand influence of the industry [4]. Group 3: Interactive and International Engagement - The alliance promotes the establishment of regular interactive platforms to facilitate mutual upgrades between media and the industry, ensuring a continuous flow of communication and support [5]. - It emphasizes the importance of telling China's story on the global stage, showcasing the technological advantages and resilience of the photovoltaic and energy storage sector to enhance China's voice in the global energy landscape [6].

11月19日，2025第八届中国国际光伏与储能产业大会答谢晚宴暨"盐城・中国东部光谷"之夜隆重举行。作为当晚的重磅环节，全球光储行业新媒体联盟成 立仪式成功举行，新华社中国财富网副总裁孙亚琼现场发布《全球光储行业新媒体联盟成立倡议书》。近百家权威媒体、行业媒体、财经自媒体现场见 证！ 全球光储行业新媒体联盟成立仪式现场 全球光储行业新媒体联盟成立倡议书 全球能源革命风起云涌，我国"双碳"战略纵深推进。在国家政策引导下，在社会各界的关心支持下，在全体光储企业的共同努力下，中国光储行业已成为 彰显国家科技硬实力、产业竞争力的重要名片，更是推动全球能源转型的中坚力量。 然而，行业高速发展背后，舆论场域仍存在传播碎片化、优质内容穿透力不足、国际话语表达偏弱等痛点。为此，由2025第八届中国国际光伏与储能产业 大会组委会发起，联合中国财富传媒集团、时代传媒集团、中国经营报、21世纪经济报道、每日经济新闻等主流财经媒体，及InfoLink、TaiyangNews、 pv-tech、国际能源网、索比光伏网、华夏能源网、光伏們、世纪能源网、光伏资讯、黑鹰光伏、赶碳号、能源一号、光伏盒子等近百家行业媒体、财经自 媒体，郑重倡议 ...

Group 1: Investor Relations Activities - The company participated in the Shenzhen District Listed Companies Investor Online Reception Day on November 20, 2025 [2] - The event was conducted via the Panoramic Network's "Investor Relations Interactive Platform" [2] - Key company representatives included the Chairman and General Manager, Mr. Xu Tao, and the Financial Director, Mr. Yuan Fang [2] Group 2: Market and Business Development - The company is focusing on emerging markets in the Middle East, Africa, and Australia as key areas for global strategy [3] - In Australia, the demand for household and commercial energy storage is rapidly increasing due to government initiatives like the "Home Battery Subsidy Program" [3] - The company aims to provide high safety, intelligent, and high-yield integrated solar storage solutions [3] Group 3: Product and Technology Focus - The company is a leading provider of photovoltaic and energy storage solutions, with a focus on digital energy systems [3] - Key products include photovoltaic grid-connected inverters, energy storage inverters, and energy storage systems, covering a power range from 3kW to 20kW [3] - The company emphasizes three core technology directions: high safety, long cycle life, and intelligence in its energy storage business [3] Group 4: Financial Management and Risk Mitigation - The company employs a credit sales model and emphasizes long-term relationships with customers to enhance value [4] - It has implemented effective coordination in market development and financial management to reduce bad debt risks [4] - The company is committed to improving financial strategies to enhance capital efficiency and ensure sustainable development [4] Group 5: Research and Development - The company places a high priority on technological innovation and R&D investment [5] - It has developed several core technologies in the data center power supply system field, although it has not yet achieved large-scale revenue [5]

Report Investment Rating - No investment rating information provided in the report Core View - The market expects the stock index to continue its long - term and steady upward trend. The 14th Five - Year Plan focuses on technology, and the technology sector is a long - term direction. The domestic liquidity environment is expected to remain loose, with residents likely to increase their allocation of equity assets, and external funds may flow in as the Fed cuts interest rates and the RMB appreciates. Near the end of the year, funds are relatively cautious, and the market style is more balanced compared to the third quarter [2] Summary by Directory 1. Stock Index Futures Market - **IF Contracts**: The previous day's closing prices of IF contracts (current month, next month, next quarter, and the quarter after next) were 4583.40, 4565.20, 4532.20, and 4489.00 respectively, with increases of 23.40, 22.20, 20.00, and 21.20, and increases of 0.51%, 0.49%, 0.44%, and 0.47% respectively. The trading volumes were 25910.00, 76820.00, 14405.00, and 5478.00, and the open interests were 29702.00, 156324.00, 67558.00, and 18583.00, with changes of - 3947.00, - 2502.00, - 388.00, and 316.00 respectively [1] - **IH Contracts**: The previous day's closing prices of IH contracts were 3018.00, 3011.00, 3006.40, and 2996.20 respectively, with increases of 17.40, 16.60, 15.60, and 13.60, and increases of 0.58%, 0.55%, 0.52%, and 0.46% respectively. The trading volumes were 8705.00, 36365.00, 6657.00, and 1812.00, and the open interests were 9339.00, 61909.00, 18559.00, and 5430.00, with changes of - 1795.00, - 1076.00, 283.00, and 134.00 respectively [1] - **IC Contracts**: The previous day's closing prices of IC contracts were 7116.60, 7054.80, 6875.40, and 6664.00 respectively, with changes of - 15.60, - 1.60, 0.40, and - 9.60, and changes of - 0.22%, - 0.02%, 0.01%, and - 0.14% respectively. The trading volumes were 24997.00, 83682.00, 17690.00, and 6223.00, and the open interests were 21873.00, 141911.00, 61676.00, and 23052.00, with changes of - 9350.00, 2214.00, 1590.00, and 39.00 respectively [1] - **IM Contracts**: The previous day's closing prices of IM contracts were 7390.40, 7298.20, 7068.80, and 6838.60 respectively, with changes of - 38.60, - 31.00, - 26.60, and - 28.20, and changes of - 0.52%, - 0.42%, - 0.37%, and - 0.41% respectively. The trading volumes were 37059.00, 149890.00, 27892.00, and 12626.00, and the open interests were 34672.00, 201080.00, 85839.00, and 42548.00, with changes of - 10135.00, 11495.00, - 716.00, and 1475.00 respectively [1] - **Inter - month Spreads**: The current inter - month spreads of IF, IH, IC, and IM were - 18.20, - 7.00, - 61.80, and - 92.20 respectively, compared to previous values of - 14.60, - 6.00, - 73.00, and - 93.80 [1] 2. Stock Index Spot Market - **Major Indexes**: The previous day's values of the CSI 300, SSE 50, CSI 500, and CSI 1000 indexes were 4588.29, 3020.35, 7122.75, and 7387.21 respectively, with changes of 0.44%, 0.58%, - 0.40%, and - 0.82% respectively. The trading volumes (in billions of shares) were 172.92, 48.20, 162.79, and 238.39, and the total trading amounts (in billions of yuan) were 3852.30, 995.51, 2567.55, and 3671.73 [1] - **CSI 300 Industry Indexes**: The previous day's values of different CSI 300 industry indexes showed various changes. For example, the energy, raw materials, and telecommunications sectors had increases of 2.48%, 2.54%, and 1.08% respectively, while the main consumption, pharmaceutical, and IT sectors had decreases of - 0.33%, - 0.65%, and - 0.60% respectively [1] 3. Futures - Spot Basis - **CSI 300 Basis**: The previous day's basis values of IF contracts (current month, next month, next quarter, and the quarter after next) relative to the CSI 300 were - 4.89, - 23.09, - 56.09, and - 99.29 respectively [1] - **SSE 50 Basis**: The previous day's basis values of IH contracts relative to the SSE 50 were - 2.35, - 9.35, - 13.95, and - 24.15 respectively [1] - **CSI 500 Basis**: The previous day's basis values of IC contracts relative to the CSI 500 were - 6.15, - 67.95, - 247.35, and - 458.75 respectively [1] - **CSI 1000 Basis**: The previous day's basis values of IM contracts relative to the CSI 1000 were 3.19, - 89.01, - 318.41, and - 548.61 respectively [1] 4. Other Domestic and Overseas Indexes - **Domestic Indexes**: The previous day's values of the SSE Composite Index, Shenzhen Component Index, SME Board Index, and ChiNext Index were 3946.74, 13080.09, 7943.55, and 3076.85 respectively, with changes of 0.18%, 0.00%, - 0.18%, and 0.25% respectively [1] - **Overseas Indexes**: The previous day's values of the Hang Seng Index, Nikkei 225, S&P 500, and DAX Index were 25830.65, 48702.98, 6642.16, and 23204.14 respectively, with changes of - 0.38%, - 3.22%, 0.38%, and 0.13% respectively [1] 5. Macroeconomic Information - **China - Japan Relations**: China has notified Japan of the suspension of Japanese aquatic product imports. Japan's wrong remarks on Taiwan have damaged the political foundation of China - Japan relations, and China will take counter - measures if necessary [2] - **Domestic Policies**: Deputy Premier Zhang Guoqing emphasized the digital and intelligent transformation of the manufacturing industry and the innovation and development of state - owned enterprises. The National Immigration Administration has expanded the number of ports issuing one - time Taiwan Resident Permits to 100. Russia will implement a visa - free policy for Chinese citizens soon. The Beijing - Tianjin - Hebei region has signed a cooperation plan for the entire industrial chain of free trade zones [2] 6. Industry Information - **Real Estate**: The cumulative sales volume of second - hand homes in key cities increased slightly in the first 10 months of this year, with market activity declining in October. The sales volume in November is expected to recover month - on - month but face pressure year - on - year, and prices may continue to adjust [2] - **Organic Silicon**: The organic silicon industry is discussing production cuts, which are expected to be implemented gradually in early December [2] - **Vaccine Industry**: The China Vaccine Industry Association has issued an initiative against "involution - style" competition to maintain market price stability [2] - **Photovoltaic and Energy Storage**: The 8th China International Photovoltaic and Energy Storage Industry Conference issued the "Chengdu Declaration" to promote capacity structure optimization and industry self - regulation [2] - **Memory Market**: Due to a shortage of key chips, memory prices are expected to rise by about 50% by the second quarter of 2026, with traditional LPDDR4 at the highest risk of price increases [2] 7. Stock Index Views - **Market Performance**: The three major US indexes rose. The previous trading day saw a divergence in the stock index, with the non - ferrous metals and petrochemical sectors leading the gains and the comprehensive and real estate sectors leading the losses. The market trading volume was 1.74 trillion yuan. On November 18, the margin trading balance increased by 2.581 billion yuan to 2.484901 trillion yuan [2]

Core Viewpoint - The article emphasizes the urgent need for the Chinese photovoltaic (PV) and energy storage industry to overcome "involution" competition, which is detrimental to sustainable development and poses significant risks to the industry and national energy security [5][10]. Group 1: Challenges and Context - The Chinese PV industry is currently facing unprecedented challenges, including a mismatch in supply and demand leading to widespread losses and increasing international trade protectionism, creating significant uncertainty [5]. - The "involution" competition is described as a short-sighted behavior that disrupts market order and threatens the survival of enterprises and the strategic safety of the national renewable energy industry [5][6]. Group 2: Strategic Initiatives - The article calls for a deep understanding of the significance of anti-involution strategies to unify the consensus for high-quality development, emphasizing that anti-involution is not about rejecting competition but promoting fair and orderly value competition [6]. - It advocates for a focus on technological innovation as the core driver for elevating the energy storage industry, urging companies to increase R&D investment and build a strong intellectual property "moat" [7]. Group 3: Collaborative Development - The need for a collaborative ecosystem is highlighted, encouraging upstream and downstream cooperation within the industry to establish fair trading mechanisms and ensure reasonable returns for all parties involved [8]. - The article stresses the importance of industry self-regulation and the role of industry associations in establishing standards and exit mechanisms for low-tech, price-dependent capacities [8]. Group 4: Global Expansion - It discusses the potential for the entire industry chain to collaborate and promote high-quality international expansion, leveraging China's comprehensive ecosystem in R&D, manufacturing, application, and service [9]. - The article emphasizes the importance of creating a "Chinese solution" with global competitiveness through technological collaboration and localized service innovations [9]. Group 5: Collective Efforts - The article concludes by calling for a collective effort from government, industry associations, and enterprises to eliminate "involution" competition, thereby contributing to national energy security and economic high-quality development [10]. - It highlights the belief that with joint efforts, the Chinese energy storage industry can emerge from the challenges of "involution" and significantly contribute to achieving carbon neutrality goals [10].

同时，行业重磅嘉宾围绕"共建良性生态穿越行业周期"主题展开领袖对话，就"破除'内卷式'恶性竞 争""光伏出海2.0""光伏技术趋势""未来储能主流技术"等话题进行智慧碰撞。同时，大会还正式发布 《"破除内卷式竞争筑牢全球能源安全基石"成都宣言》，并发布《2025中国与全球新能源发展白皮 书》，多维度推进行业健康良性发展。 此外，大会还陆续开展了精彩纷呈的系列活动，包括举行开幕式、主会议、欢迎晚会、颁奖盛典、答谢 晚宴，以及通威新能源产业链全球合作伙伴大会等各平行会议、"光储之旅"参观等，为全球光储行业沟 通交流、深化合作搭建了广阔平台。 （文章来源：科技日报） "当前反'内卷'和反过度竞争，是中国光伏行业脱困走上健康持续发展的一个重要支撑条件。从国际、 国内、行业视角来看，在光伏行业率先创新实践的有效成功经验，可能会成为高质量发展过程当中的正 面典型和优秀案例，助力中国经济重新迈上快速增长、良性发展之路。"全国人大代表、全国工商联副 主席、通威集团董事局刘汉元主席则表示。 会议期间，为揭示优秀品牌成长之道，彰显中国光储品牌榜样力量，大会面向全球发布"2025中国光储 品牌百强榜"，宁德时代、比亚迪、通威、阳光 ...

Core Insights - The 8th China International Photovoltaic and Energy Storage Industry Conference opened in Chengdu on November 18, 2025, focusing on the theme "Photovoltaic and Energy Storage Integration Empowering Intelligent Innovation for the Future" [1][2] Industry Overview - The conference attracted approximately 5,000 enterprises and featured an exhibition area of nearly 60,000 square meters, showcasing innovations in photovoltaic, energy storage, and operation and maintenance sectors [2] - The global energy landscape is undergoing profound changes, with China's "dual carbon" goals driving an energy revolution that has entered a critical phase [2] - The photovoltaic and energy storage industries are pivotal in achieving the "dual carbon" targets and are essential for constructing a clean, low-carbon, safe, and efficient new energy system [2] Market Data - According to the National Energy Administration's "China New Energy Storage Development Report (2025)," by the end of 2024, China will have built and put into operation new energy storage systems with a capacity of 73.76 million kilowatts/168 million kilowatt-hours, accounting for over 40% of the global total installed capacity, making China the world's largest new energy storage market [2] - The efficiency of Chinese photovoltaic cells continues to break records, while the costs of long-duration energy storage technologies are gradually decreasing [2] Challenges and Opportunities - Despite rapid industry growth, challenges such as cyclical fluctuations, homogenized competition, and supply chain issues for key materials persist, necessitating a shift from scale expansion to quality and efficiency [2] - Liu Hanyuan, Chairman of Tongwei Group, highlighted that after addressing photovoltaic generation costs, issues related to grid regulation capabilities have emerged due to the surge in installed capacity, emphasizing the need for new energy grid systems and the economic application of the entire energy storage system [3] - The conference serves as a significant platform for understanding China's energy storage industry and promoting collaboration, attracting international buyers from various regions including Europe, Asia, and Africa [3]