Group 1 - The "anti-involution" trend is gaining momentum in the solar industry, with the photovoltaic 50 ETF (159864) rising nearly 1.5% and experiencing a net inflow of funds for five consecutive days, totaling over 2.4 million shares subscribed during the day [1] - The Central Financial Committee has reiterated the need to strengthen the market mechanism for survival of the fittest and to facilitate the exit of inefficient production capacity, emphasizing the importance of industry self-discipline to prevent "involutionary" competition [1] - A meeting held on October 14, 2024, by the China Photovoltaic Industry Association with 16 leading solar companies established a minimum cost price of 0.68 yuan/W for solar modules, marking a clear boundary against bidding below cost, which is deemed illegal [1] Group 2 - The 15th Manufacturing Enterprises Symposium on July 3, 2025, highlighted the need for legal and comprehensive governance of low-price disorderly competition in the solar industry, indicating a potential positive outlook for the solar industry chain under the "anti-involution" initiative [1]