当前，光伏行业新一代电池技术主要是TOPCon、BC和异质结。"晶科能源目前是TOPCon技术的龙头， 也是国内TOPCon技术专利最多的光伏企业，隆基绿能则是BC技术的龙头，是国内布局BC技术专利最 多的企业。两家不同技术领域的行业龙头达成和解，有望进一步提升双方在市场上的竞争力。"上海济 懋资产管理有限公司合伙人丁炳中在接受《证券日报》记者采访时表示。 "专利和解是好事，因为合则两利。光伏行业尤其是在电池片这个环节，还存在着一定的同质化现 象。把更多的精力放在未来的技术发展，未来的工艺突破，包括专利的建立这是更好的事情。对于存量 的过去的专利，去争、去抢、去夺意义是不太大的。"营口金辰机械股份有限公司首席执行官祁海珅向 《证券日报》记者表示，光伏行业技术发展迭代升级比较快，每三五年左右就需要一次大的技术升级或 者是迭代。发展和构建属于自己的新型专业技术壁垒、工艺壁垒等才是未来的发展方向。 基于此，2025年9月19日，隆基绿能与晶科能源联合宣布，就双方及双方关联公司在全球范围内正在进 行的相关专利主张和法律事项达成和解协议。 根据和解协议，双方同意：结束在全球范围内正在进行的全部专利纠纷法律程序，并就双方 ...

Core Viewpoint - Longi Green Energy and JinkoSolar have reached a settlement regarding their global patent disputes, signaling a shift towards collaboration in technology development and commercialization within the solar industry [3][4]. Group 1: Patent Disputes and Settlement - Longi Green Energy filed a patent infringement lawsuit against JinkoSolar in the U.S. and China, accusing Jinko of infringing on its TOPCon technology and other solar products [4]. - JinkoSolar initiated multiple patent lawsuits against Longi in various countries, focusing on TOPCon battery technology and component design [4]. - The recent announcement of a settlement indicates both companies will cease all patent litigation and explore cross-licensing agreements for their core patents [3][4]. Group 2: Industry Context and Reactions - The solar industry has seen an escalation from price wars to patent wars, with many companies, including Trina Solar and Canadian Solar, involved in ongoing patent disputes [5]. - Industry leaders have expressed concerns about the negative impact of patent disputes on innovation and the overall health of the solar sector, advocating for collaboration instead of competition [5][6]. - Trina Solar's chairman highlighted the importance of joint research and shared patents to foster innovation and avoid fragmentation within the industry [6].

Core Viewpoint - Longi Green Energy and JinkoSolar have announced the resolution of all patent disputes globally, indicating a shift towards collaboration in the solar industry [1][3]. Group 1: Patent Dispute Resolution - Longi Green Energy and JinkoSolar have reached a settlement agreement to end all patent disputes and legal proceedings globally [1]. - The companies will engage in cross-licensing agreements for certain core patents and will continue to enhance R&D efforts and explore deeper cooperation in the future [1][3]. Group 2: Industry Context - JinkoSolar has been a leader in TOPCon patent technology, while Longi Green Energy leads in BC technology patents, with previous disputes primarily focused on TOPCon technology [3]. - Longi Green Energy filed a patent infringement lawsuit against JinkoSolar in the U.S. and China earlier this year, accusing Jinko of infringing on its patents related to TOPCon technology and other photovoltaic products [3][4]. - The competitive landscape in the solar industry is intensifying, with a shift from price wars to patent wars, as highlighted by the involvement of other companies like Trina Solar and Canadian Solar in similar disputes [4]. Group 3: Industry Leaders' Perspectives - Longi's founder expressed concerns about the negative impact of patent disputes on the industry, emphasizing the need for collaboration rather than competition over patents [4]. - Industry leaders, including Trina Solar's chairman, have advocated for joint R&D and patent sharing to foster innovation and avoid detrimental competition [4].

Core Viewpoint - The leading companies in the photovoltaic industry, Longi Green Energy and JinkoSolar, have reached a settlement regarding patent litigation, marking a shift from price competition to technology-driven high-quality development in the industry [1][2]. Group 1: Settlement and Cooperation - Longi Green Energy and JinkoSolar announced a joint statement on September 19, 2023, regarding the resolution of ongoing patent disputes globally [1]. - The companies agreed to end all patent litigation and establish cross-licensing agreements for certain core patents [1][2]. - This settlement reflects both companies' commitment to intellectual property protection and their intention to foster a collaborative and sustainable knowledge ecosystem within the photovoltaic industry [2]. Group 2: Industry Implications - The collaboration between Longi Green Energy and JinkoSolar is expected to encourage more photovoltaic companies to invest in research and development, promoting a healthy competitive environment [2]. - The two companies are leaders in patent reserves for BC and TOPCon technologies, and their partnership is seen as a "strongest combination" covering the two main technological routes in the industry [2]. - The competitive landscape may accelerate the exit of smaller players with insufficient patent reserves, thereby facilitating the elimination of outdated production capacity and creating favorable conditions for cost reduction in BC technology [2].

本报记者 殷高峰 曹琦 《声明》称，当前，光伏行业逐步从价格竞争转向以技术创新驱动的高质量发展阶段。隆基绿能和晶科能源作为光伏行业的领军 企业，始终将持续技术和产品创新置于战略核心，持续投入研发并积极布局全球知识产权，展现出对创新价值和知识产权保护的 高度认同与长期承诺。 基于此，2025年9月19日，隆基绿能与晶科能源联合宣布，就双方及双方关联公司在全球范围内正在进行的相关专利主张和法律 事项达成和解协议。 根据和解协议，双方同意：结束在全球范围内正在进行的全部专利纠纷法律程序，并就双方各自持有的部分核心专利的交叉授权 许可达成相关商业安排。 两家头部光伏企业持续多年的专利诉讼终于落下帷幕。 9月19日晚间，隆基绿能（601012）科技股份有限公司（以下简称"隆基绿能"）和晶科能源股份有限公司（以下简称"晶科能 源"）在各自公司的官方微信公众号上发布了《关于达成专利诉讼和解的联合声明》（以下简称《声明》）。 根据《声明》，本次和解及专利授权，体现了双方尊重知识产权、寻求合作共赢的良好意愿，也为行业树立了长期可持续知识产 权伙伴关系的典范。两家公司将继续加大新技术研发，加速先进技术的商业化与应用创新，并在未来 ...

Core Viewpoint - The China Electromechanical Industry Association has issued an initiative to oppose unfair competition in the photovoltaic industry, emphasizing the need for fair competition, capacity control, technological innovation, and adherence to self-discipline agreements [1]. Group 1: Industry Challenges - The photovoltaic industry is facing severe supply-demand imbalance, with production capacity exceeding 1200 GW by the end of 2024, while global demand is only around 580 GW, leading to a drastic price drop of 18% year-on-year in Q4 2024 [2]. - Many companies in the A-share photovoltaic sector are expected to report losses, with only a few, such as Hengdian East Magnetic and Foster, forecasting positive net profits [2]. Group 2: Response to Market Conditions - Despite the pressure from limited market demand, there are signs of price recovery across the entire industry chain, with increases of 20%-30% attributed to various initiatives from government bodies and industry associations [5]. - The transition from "scale competition" to "quality competition" is seen as crucial for the survival of companies and the overall industry, aligning with global energy transition goals [6][9]. Group 3: Technological Advancements - The photovoltaic industry is undergoing a technological revolution, with N-type batteries becoming mainstream and TOPCon technology accounting for over 75% of production capacity [6]. - Leading companies are increasing R&D investments to innovate and improve product quality, focusing on N-type battery and BC technology advancements [7]. Group 4: Global Market Considerations - Companies with significant export ratios need to be mindful of changes in export tax rebate policies, as the pricing dynamics in overseas markets mirror domestic conditions [9]. - The shift from "scale advantage" to "quality advantage" signifies a profound transformation in the Chinese photovoltaic industry, which is critical for its strategic position in the global green energy landscape [9].

风险提示：投资有风险，入市需谨慎。 晶科能源7月30日股价报收5.48元，较前一交易日下跌1.62%。当日成交量为648539手，成交金额达3.58 亿元。 晶科能源是光伏设备行业的重要企业，主要从事太阳能光伏组件、电池片等产品的研发、生产和销售。 公司产品广泛应用于住宅、商业和地面电站等光伏发电系统。 公司近期就美国光伏企业第一太阳能提起的专利诉讼作出回应。晶科能源已向美国专利审判和上诉委员 会提出专利无效申请，涉及一项TOPCon技术专利。公司表示已为此做了充分准备，提交了27份历史资 料进行论证。此前2月，第一太阳能指控晶科能源侵犯其持有的TOPCon专利。 7月30日数据显示，晶科能源主力资金净流出3403.68万元。 本文源自：金融界 作者：A股君 ...

Core Viewpoint - The current state of the new energy vehicle (NEV) industry mirrors that of the photovoltaic (PV) industry, with both sectors facing challenges from price wars and cost-cutting measures that threaten innovation and overall industry health [1][2]. Group 1: Industry Challenges - The price war in the PV sector has led to a significant decline in prices across the supply chain, with prices for polysilicon and components dropping nearly 30%, despite a 28.3% year-on-year increase in new installations [2][3]. - Major PV companies, including Longi Green Energy and Tongwei Co., have reported substantial revenue declines and losses, indicating that the aggressive pricing strategies are unsustainable [2][3]. - The NEV industry is currently experiencing a similar price war, with many companies unable to differentiate their products, leading to increased losses and cash flow issues [2][3]. Group 2: Capacity Expansion and Market Dynamics - The PV industry has faced severe overcapacity, driven by both market competition and local government incentives, which has historically led to inefficiencies and a poor market experience [3][4]. - The NEV sector is beginning to see similar patterns, with calls from industry leaders to halt new factory constructions and instead utilize existing overcapacity [3][4]. - The PV industry is now encouraging mergers and acquisitions to consolidate and eliminate low-quality capacity, a trend that is expected to emerge in the NEV sector as well [4][5]. Group 3: Innovation and Intellectual Property - The lack of intellectual property protection has hindered innovation in the PV sector, with new technologies quickly becoming common knowledge and not providing competitive advantages to early innovators [5][6]. - The NEV industry is undergoing a transformation that emphasizes the importance of innovation, particularly in software and artificial intelligence, necessitating both investment in R&D and protection of innovative outcomes [5][6]. - A supportive market environment that encourages and protects innovation is essential for the long-term success of both the PV and NEV industries in the global market [6][7].

Core Viewpoint - The current state of the new energy vehicle (NEV) industry mirrors that of the photovoltaic (PV) industry, with both sectors facing challenges from price wars and cost-cutting measures that threaten innovation and overall profitability [1][2]. Group 1: Industry Challenges - The price war in the PV sector has led to a significant decline in prices across the supply chain, with prices for polysilicon and components dropping nearly 30%, despite a 28.3% year-on-year increase in new installations [2]. - Major PV companies, including Longi Green Energy and Tongwei Co., have reported substantial revenue declines and losses, indicating that the aggressive pricing strategies are unsustainable [2][3]. - The NEV industry is experiencing similar pressures, with some companies facing increasing losses and cash flow issues, highlighting the risks of relying solely on price competition [2][3]. Group 2: Capacity Expansion and Market Dynamics - The PV industry has seen severe overcapacity, driven by both market competition and local government incentives, which has historically led to inefficiencies and market saturation [4]. - The NEV sector is beginning to echo these patterns, with calls from industry leaders for a halt to new factory constructions in favor of utilizing existing overcapacity [4][5]. - Mergers and acquisitions are being encouraged in both industries as a means to consolidate and eliminate low-quality capacity, supported by recent regulatory changes [4][5]. Group 3: Innovation and Intellectual Property - The lack of intellectual property protection has hindered innovation in the PV sector, where new technologies quickly become widely adopted without adequate rewards for the original innovators [6][7]. - The NEV industry must prioritize protecting innovation and fostering a supportive environment for technological advancements to avoid repeating the mistakes of the PV sector [6][7]. - A collaborative approach involving policy support is essential for creating a market environment that encourages and protects innovation across both industries [7][8].

Core Viewpoint - The current challenges faced by the Chinese photovoltaic (PV) industry, particularly regarding price wars and overcapacity, serve as a cautionary tale for the automotive industry, which is experiencing similar pressures in its transition to electric and smart vehicles [1][2][3]. Group 1: Industry Challenges - The PV industry has seen a significant increase in production, with polysilicon, battery cells, and modules all growing over 10% year-on-year in 2024, while new installations reached 277.57 GW, a 28.3% increase [2]. - Despite the growth in production and demand, prices for key components in the PV supply chain have dropped nearly 30%, leading to a decline in overall industry revenue [2]. - Major PV companies, including Longi Green Energy and Tongwei Co., have reported substantial revenue declines and losses, indicating a troubling trend in profitability [2][3]. Group 2: Price Wars and Competition - The automotive industry is currently engaged in aggressive price competition, which has not yet resulted in the same level of industry-wide losses seen in the PV sector, but poses risks as many companies struggle to differentiate their products [2][3]. - The phenomenon of price wars is often accompanied by homogeneous capacity expansion, which can lead to inefficiencies and market saturation [3][4]. Group 3: Innovation and Intellectual Property - The lack of intellectual property protection for innovators in the PV sector has hindered the ability of pioneering companies to capitalize on their technological advancements, leading to rapid diffusion of innovations across competitors [6][7]. - The automotive industry must prioritize both research and development and the protection of innovative outcomes to avoid repeating the mistakes of the PV sector [6][7]. Group 4: Future Directions - Both the PV and automotive industries are encouraged to pursue mergers and acquisitions to eliminate low-quality capacity and enhance market efficiency, supported by policy initiatives [4][5]. - A conducive market environment that fosters and protects innovation is essential for the sustainable growth of both industries, allowing them to leverage China's manufacturing advantages on a global scale [7].