西部证券研报指出，迈为股份重点布局刻蚀设备与薄膜沉积设备两大品类。其中半导体高选择比刻蚀设 备和原子层沉积设备凭借差异化技术创新实现关键突破，目前已进入多家头部晶圆厂和存储厂商，进入 量产阶段。公司在晶圆切割、研磨、抛光、键合等高精度加工环节可提供成套工艺设备解决方案，已与 长电科技、通富微电、华天科技、盛合晶微、甬矽电子等国内头部封装企业建立了紧密合作。公司始终 以行业顶尖水平为标准，持续探索、致力成为泛半导体领域细分行业标杆。目前显示面板客户覆盖维信 诺、京东方、天马等国内头部OLED 面板厂商。公司拓下一代光伏设备，前瞻布局HJT、钙钛矿叠层整 体解决方案。维持公司"买入"评级。 ...

Core Viewpoint - Jingao Technology (002459) emphasizes that Topcon technology has a long lifecycle and will remain a mainstream technology path for a considerable time, with ongoing efforts to promote high-power Topcon products [1] Group 1 - The company is committed to investing in the research and development of next-generation battery technologies, allocating special funds for this purpose [1] - Current experimental lines include BC, HJT, and perovskite technologies, indicating a diversified approach to innovation [1] - The company is focused on controlling the mass production timeline of new products, ensuring timely market entry [1]

Core Viewpoint - The article discusses the ongoing "anti-involution" trend in the photovoltaic (PV) industry, highlighted by the recent centralized procurement bidding by China Huadian Corporation, which reflects changes in pricing and competition dynamics within the sector [3][5]. Group 1: Procurement Details - China Huadian Corporation's centralized procurement for PV modules spans a total scale of 20GW, divided into two segments: 18GW for segment one and 2GW for segment two [3]. - The average bidding price for segment one has risen to 0.71 yuan/W, exceeding the previously established industry self-discipline floor price of 0.692 yuan/W, with only a few bids below 0.7 yuan/W [3]. - For segment one, over 40 companies participated, with bid prices ranging from 0.6464 yuan/W to 0.7518 yuan/W, and an average of 0.7103 yuan/W, where only five bids were below 0.7 yuan/W [4]. - Segment two requires high-efficiency N-type TOPCon, HJT, and BC modules, with 26 companies bidding, and prices ranging from 0.7076 yuan/W to 0.8431 yuan/W, averaging 0.7461 yuan/W, with over 60% of bids above 0.73 yuan/W [4]. Group 2: Industry Self-Regulation Initiatives - The China Photovoltaic Industry Association (CPIA) issued an initiative to strengthen industry self-regulation, emphasizing the need for fair competition and adherence to legal frameworks to combat predatory pricing [5]. - The initiative calls for optimizing bidding rules by reducing price weight and increasing the importance of technical evaluation in the bidding process [5]. - Recent discussions among various government departments have focused on curbing low-price disorderly competition and establishing effective pricing mechanisms to prevent below-cost sales and false marketing practices [6].

Core Viewpoint - Yichin Photovoltaic showcased a range of products covering three major technology routes: TOPCon, HJT, and BC, catering to diverse needs in commercial, residential, and large-scale ground power stations [1][4] Group 1: Product Offerings - The all-black modules feature anti-glare treatment, effectively reducing light pollution while blending seamlessly with architecture [1] - Steel frame modules offer cost advantages, high strength, corrosion resistance, and low carbon footprint, ensuring stable long-term operation in harsh environments [1] - The showcased products integrate cutting-edge technologies such as edge passivation, back polyfinger, and 0BB (no busbar), which effectively lower production costs and enhance module efficiency [1] Group 2: Market Strategy - Yichin Photovoltaic introduced off-grid and grid-connected dual system solutions for the distributed photovoltaic market [1] - The company aims to demonstrate the transition of China's photovoltaic industry from "manufacturing" to "intelligent manufacturing" at the SNEC exhibition, emphasizing technological innovation and global expansion [2] Group 3: Recognition and Awards - Yichin Photovoltaic received the "APVIA Asia Solar Storage Award" from the Asia Photovoltaic Industry Association (APVIA) during the SNEC event [1] - The company was also selected for the "Global New Energy ESG Top 100" list by the Global Green Energy Council (GGEIC) [1]