Core Insights - The report highlights a structural decline in prices across the photovoltaic industry, particularly in battery cells, modules, and polysilicon, driven by weak demand and high inventory levels in Europe [4][5][6] - The report suggests a cautious outlook for the short term, with expectations of continued price declines in battery cells and modules due to low terminal demand and overstocking [4][5] - Key companies recommended for investment include Aiko Solar, Longi Green Energy, and others focusing on new technologies and supply-side improvements [4][6] Market Trends - The average price of N-type battery cells (182-183.75mm) is reported at 0.240 CNY/W, down 2.0% from the previous week, while the price for 182*210mm N-type battery cells remains stable at 0.265 CNY/W [4] - The average price of 182mm TOPCon double-glass modules is stable at 0.68 CNY/W, with a notable premium for BC modules [4] - The price of photovoltaic glass has decreased, with 3.2mm coated glass priced at 19.5 CNY/㎡, down 2.5% [4] Polysilicon and Wafer Prices - The average price for dense polysilicon is reported at 35.0 CNY/kg, remaining stable, while granular silicon has decreased by 1.4% to 34.0 CNY/kg [5] - The average price for N-type wafers (182-183.75mm) is stable at 0.93 CNY/piece, while the price for 182*210mm wafers has decreased by 1.9% to 1.05 CNY/piece [5] Investment Recommendations - Companies to actively monitor include Xinyi Solar, GCL-Poly Energy, Tongwei Co., and others, focusing on various strategic directions such as overseas expansion and domestic substitution [6]