0:00 21世纪经济报道记者曹恩惠 成都报道 当光伏赛道陷入同质化竞争的困局，技术创新成为破局的重要密钥。2023年11月，光伏龙头企业通威股 份启动建设了一座全球创新研发中心，并于2024年6月正式投入使用。据通威股份介绍，这座研发中心 已经成为通威股份找方向、防风险、寻定位、拓技术的牵引点。 在接受21世纪经济报道记者专访时，通威股份光伏首席技术官邢国强表示："当你不知道终点是什么样 子的时候，你要选定某一个方向，在很大程度上就是一种'押注'，因为研发本身就有很多的不确定 性。" "我们通威在技术路线的选择上叫做'饱和式打击'，这也是对研发的足够尊重。"邢国强告诉21世纪经济 报道记者，"通威在研发费用上向来是不设上限。" "目前通威有100GW的TOPCon产能，也会加大对TOPCon领域的研发。"在邢国强看来，多技术路线并 行，等待成熟的时机投向市场，在行业竞争中就不会落后。 而面对当前光伏产业正在进行的周期性低谷与"内卷"竞争，邢国强将技术创新视作"破卷"的重要方式之 一。"光伏行业的发展始终是螺旋式上升的状态，尽管市场环境有所严峻，但我们始终保持高度信 心。"邢国强对21世纪经济报道记者表示，多 ...

编者按：《能动天下》，是一档由21世纪经济报道能源策工作室推出的视频栏目。该栏目将现场调研与嘉宾访谈相结合，以产 业制造视角出发，深入探寻新能源、新材料等战略性新兴产业的新质生产力样本。本期，我们走进通威股份（600438）全球创 新研发中心，对话通威股份光伏首席技术官邢国强，探讨光伏技术研发策略与内卷破局。 21世纪经济报道记者曹恩惠成都报道 当光伏赛道陷入同质化竞争的困局，技术创新成为破局的重要密钥。2023年11月，光伏龙头企业通威股份启动建设了一座全球 创新研发中心，并于2024年6月正式投入使用。据通威股份介绍，这座研发中心已经成为通威股份找方向、防风险、寻定位、拓 技术的牵引点。 在接受21世纪经济报道记者专访时，通威股份光伏首席技术官邢国强表示："当你不知道终点是什么样子的时候，你要选定某一 个方向，在很大程度上就是一种'押注'，因为研发本身就有很多的不确定性。" "我们通威在技术路线的选择上叫做'饱和式打击'，这也是对研发的足够尊重。"邢国强告诉21世纪经济报道记者，"通威在研发 费用上向来是不设上限。" "目前通威有100GW的TOPCon产能，也会加大对TOPCon领域的研发。"在邢国强看 ...

当光伏赛道陷入同质化竞争的困局，技术创新成为破局的重要密钥。2023年11月，光伏龙头企业通威股 份启动建设了一座全球创新研发中心，并于2024年6月正式投入使用。据通威股份介绍，这座研发中心 已经成为通威股份找方向、防风险、寻定位、拓技术的牵引点。 在接受21世纪经济报道记者专访时，通威股份光伏首席技术官邢国强表示："当你不知道终点是什么样 子的时候，你要选定某一个方向，在很大程度上就是一种'押注'，因为研发本身就有很多的不确定 性。" 编者按：《能动天下》，是一档由21世纪经济报道能源策工作室推出的视频栏目。该栏目将现场调研与 嘉宾访谈相结合，以产业制造视角出发，深入探寻新能源、新材料等战略性新兴产业的新质生产力样 本。本期，我们走进通威股份全球创新研发中心，对话通威股份光伏首席技术官邢国强，探讨光伏技术 研发策略与内卷破局。 "我们通威在技术路线的选择上叫做'饱和式打击'，这也是对研发的足够尊重。"邢国强告诉21世纪经济 报道记者，"通威在研发费用上向来是不设上限。" 21世纪经济报道记者曹恩惠成都报道 "目前通威有100GW的TOPCon产能，也会加大对TOPCon领域的研发。"在邢国强看来，多技术路 ...

Core Viewpoint - Guosheng Technology is attempting to expand into the lithium battery structural components sector through an acquisition, despite its photovoltaic business not being stable, which has raised inquiries from the Shanghai Stock Exchange [1] Group 1: Business Performance - Guosheng Technology's main businesses are photovoltaic and ecological landscaping, with the photovoltaic segment generating revenue of 308 million yuan and a cost of 344 million yuan in the first half of 2025, resulting in a negative gross profit [2] - The company has been experiencing significant revenue declines, with continuous losses over the years [1][2] Group 2: Acquisition Rationale - The acquisition of Fuyue Technology is seen as a strategic move to create a second growth curve for the company, aligning with its "wind-solar-storage" integrated development strategy [3] - Fuyue Technology operates in the lithium battery sector, which is considered a sunrise industry with promising growth potential, and its products are expected to meet national industrial development directions [3] Group 3: Funding for Acquisition - The total transaction price for the acquisition is 241 million yuan, with funding sourced primarily from acquisition loans covering at least 80% of the total price, amounting to 192 million yuan [5][6] - The seller will provide a performance compensation guarantee of 20% of the transaction price, effectively offsetting the need for the company to use its own funds for the acquisition [6] Group 4: Financial Projections and Assurances - Guosheng Technology expects to receive performance compensation from Guosheng Energy totaling 104 million yuan by the end of 2026, which will aid in loan repayment [8] - Fuyue Technology is projected to generate approximately 60 million yuan in free cash flow from 2025 to 2028, indicating potential for future profitability [8]

Core Viewpoint - The company Laplace (688726.SH) demonstrates resilience in the N-type photovoltaic cell equipment sector, achieving stable revenue and profit growth despite industry challenges [1][5]. Group 1: Financial Performance - In the first three quarters of 2025, Laplace reported a total revenue of 4.321 billion yuan, reflecting a year-on-year increase of 0.43% [1]. - The total profit for the same period reached 676 million yuan, marking a year-on-year growth of 4.77% [1]. Group 2: Industry Policy and Market Dynamics - The introduction of "anti-involution" policies aims to alleviate overcapacity in the photovoltaic industry and promote high-quality development [2]. - The Ministry of Industry and Information Technology and the State Administration for Market Regulation issued a plan to eliminate low-price competition in the photovoltaic sector [2]. - The tightening of energy consumption standards for silicon materials is expected to force the elimination of outdated production capacity [2]. Group 3: Demand and Market Outlook - The demand for high-efficiency photovoltaic products, particularly N-type products like TOPCon, is anticipated to rise due to new policies and market conditions [3]. - The China Photovoltaic Association has revised its forecast for the installed capacity growth in 2025 from 215-255 GW to 270-300 GW [3]. - The government aims for solar and wind power installations to exceed 3.6 billion kilowatts by 2035, indicating a strong long-term demand for photovoltaic products [3]. Group 4: Technological Advancements - Laplace is accelerating technological iterations to enhance product efficiency, focusing on new high-efficiency photovoltaic cell technologies like TOPCon and XBC [4]. - The company significantly increased its R&D investment to 119 million yuan in the third quarter, a year-on-year growth of 71.50% [4]. - Laplace is actively pursuing international patent applications to strengthen its technological advantages and facilitate market expansion in regions like Southeast Asia, the U.S., and the Middle East [4]. Group 5: Future Growth Potential - The photovoltaic industry is in a transitional phase characterized by capacity reduction, technological upgrades, and demand recovery [5]. - As the effects of "anti-involution" policies become evident and demand for high-efficiency technologies rises, Laplace is well-positioned to regain growth momentum [5].

Group 1 - Longi Green Energy and JinkoSolar have reached a joint statement to end all ongoing patent disputes globally and have agreed on cross-licensing arrangements for some core patents [2][3] - The patent disputes between Longi Green Energy and JinkoSolar began in the second half of last year and escalated in early this year, with multiple lawsuits filed in various jurisdictions [3] - The patent battles are seen as a commercial strategy to limit competitors' market competitiveness, particularly in foreign markets where litigation risks influence customer choices [3] Group 2 - JinkoSolar is a leader in TOPCon technology, with over 5,500 patent applications, 75% of which are invention patents, and expects to achieve 40-50 GW of high-power TOPCon capacity by the end of 2025 [4] - JinkoSolar's patent fees increased by nearly 50% year-on-year to 0.14 billion [4] - Longi Green Energy has over 3,500 authorized patents and 480 patents for BC battery modules, with a self-owned HPBC2.0 battery capacity of 24 GW as of June [4] - In terms of shipment volume, JinkoSolar led with 41.84 GW of solar module shipments in the first half of the year, surpassing Longi Green Energy's 39.57 GW [4] - JinkoSolar reported a loss of 2.909 billion, while Longi Green Energy's loss was 2.569 billion, making it the least loss-making among the top five module manufacturers, reducing losses by 2.661 billion year-on-year [4]

Core Viewpoint - The patent dispute between Longi Green Energy and JinkoSolar has been resolved, marking a shift from price competition to technology-driven high-quality development in the photovoltaic industry [1][2]. Group 1: Patent Dispute Resolution - Longi Green Energy and JinkoSolar announced a joint statement on September 19, 2023, confirming the settlement of their global patent litigation [1]. - The agreement includes the cessation of all ongoing patent disputes and a cross-licensing arrangement for certain core patents [1]. - The resolution reflects both companies' commitment to intellectual property respect and a willingness to explore deeper cooperation in technology development [1][2]. Group 2: Industry Context - The photovoltaic industry is transitioning from price competition to a focus on technological innovation, which is crucial for breaking through intense market competition [2]. - The patent disputes between the two companies began in the second half of the previous year and escalated in early 2023, with multiple lawsuits filed across various jurisdictions [6][7][8][9]. - The increase in patent disputes in the photovoltaic sector is attributed to the growing importance of intellectual property and the strategic use of patents to limit competitors' market power [11]. Group 3: Technological Focus - Both companies are likely to have reached an agreement regarding the TOPCon and BC technologies, which are key areas of focus for innovation in the photovoltaic sector [12]. - JinkoSolar has applied for over 5,500 patents, with 75% being invention patents, and reported a nearly 50% year-on-year increase in patent fees [13]. - Longi Green Energy has over 3,500 authorized patents and 480 patents related to BC technology, with a production capacity of 24 GW for HPBC2.0 batteries [17]. Group 4: Market Position and Financial Performance - In terms of shipment volume, JinkoSolar led the market with 41.84 GW of photovoltaic module shipments in the first half of the year, surpassing Longi Green Energy's 39.57 GW [17]. - However, JinkoSolar reported a loss of 2.909 billion yuan, while Longi Green Energy's loss was 2.569 billion yuan, indicating a smaller loss compared to its competitors [17]. - As of September 19, 2023, Longi Green Energy's stock price increased by 0.48% to 16.9 yuan per share, with a market capitalization of approximately 128.1 billion yuan, while JinkoSolar's stock price remained stable at 5.35 yuan per share, with a market capitalization of about 53.5 billion yuan [17].

Core Viewpoint - Laplace New Energy Technology Co., Ltd. reported a robust growth in its operating performance for the first half of 2025, driven by its technological advantages in the new high-efficiency photovoltaic cell equipment sector, despite the cyclical adjustments in the photovoltaic industry [1] Financial Performance - The company achieved an operating revenue of 3.062 billion yuan, a year-on-year increase of 20.49% [1] - Net profit attributable to shareholders reached 397 million yuan, up 12.94% year-on-year [1] - Basic earnings per share were 0.98 yuan, reflecting a 2.08% increase compared to the previous year [1] - Total assets at the end of the reporting period amounted to 10.179 billion yuan, a 0.69% increase from the beginning of the period [1] - Net assets attributable to shareholders grew to 3.813 billion yuan, an 8.22% increase [1] - The debt-to-asset ratio decreased from 64.98% to 62.36%, indicating improved financial structure [1] Technological Advancements - The company focused on four key technological directions: TOPCon, XBC, perovskite, and tandem cells, while also expanding into the semiconductor equipment sector [2] - A total of 194 new patent applications were filed during the reporting period, including 45 invention patents, bringing the total authorized patents to 905 [2] - In the TOPCon sector, the company optimized core equipment technologies, addressing challenges in N-type cell PN junction uniformity and enhancing large-capacity LPCVD equipment [2] - In the XBC sector, the company covered the entire process from thermal processing to coating and automation equipment, achieving significant advancements in key technologies [2] Market Expansion and Global Strategy - The company is building a comprehensive "equipment + service" lifecycle service system to meet customer needs beyond core equipment provision [4] - Laplace is actively expanding into emerging overseas photovoltaic markets, driven by energy transition demands and resource advantages [4] - The company is enhancing its international team and participating in global exhibitions to increase its influence and visibility in international markets [4] - Future growth is expected through continuous technological innovation, a robust market service system, and rich mass production capabilities in the photovoltaic and semiconductor equipment sectors [4]

Group 1 - The latest stock price of Laplace is 48.18 yuan, an increase of 0.71 yuan compared to the previous trading day's closing price [1] - The opening price today was 47.27 yuan, with a highest price of 48.55 yuan and a lowest price of 47.20 yuan, resulting in a trading volume of 32,612 lots and a transaction amount of 157 million yuan [1] - On August 22, 2025, the net inflow of main funds was 2.9177 million yuan, accounting for 0.17% of the circulating market value [1] Group 2 - Laplace operates in the photovoltaic equipment sector, being a leading provider of core process equipment and solutions for high-efficiency photovoltaic cells [1] - The company's products cover various thermal processes, coating, and supporting automation equipment for technology routes such as TOPCon and XBC [1] - Over the past five days, the main funds have seen a net outflow of 20.5609 million yuan, accounting for 1.18% of the circulating market value [1]

Group 1 - The photovoltaic concept stocks rebounded, with significant gains in the photovoltaic equipment sector, including companies like JinkoSolar and Haiyou New Materials [1] - JinkoSolar's mid-year performance forecast indicates an expected net profit of 1.7 billion to 1.96 billion yuan for the first half of 2025, representing a year-on-year growth of 38.65% to 59.85% [2] - The Ministry of Industry and Information Technology issued a notice regarding the 2025 annual special energy-saving inspection tasks for the polysilicon industry [2] Group 2 - The silicon wafer prices continued to rise, with average price increases of approximately 0.1 yuan per piece across various specifications, driven by rising raw material costs and increased downstream orders [2] - The BC battery sector is favored by multiple institutions, with a focus on the BC technology route as major manufacturers have paused domestic TOPCon expansion plans [3] - The current planning for new or modified XBC production capacity is nearly 90 GW, which is expected to drive equipment demand growth [3]