On October 28, the full text of the Proposal of the Central Committee of the Communist Party of China on the Formulation of the Fifteenth Five-Year Plan for National Economic and Social Development was officially released, which clarified the important position of the construction of new energy systems such as photovoltaic in several chapters.
At the same time, CCTV's lens once again focused on the photovoltaic industry. On the evening of October 28, the program "Economic Half Hour" was broadcast, focusing on the current situation and future development direction of the photovoltaic industry.
In the program, Zhu Gongshan, chairman of Xiexin Group, spoke frankly about the tragic situation of the current photovoltaic industry. He disclosed that the current price of photovoltaic modules has been as low as 0.63 yuan per watt , which means that enterprises will lose 0 per watt.
This means that the loss of photovoltaic modules is nearly 50 billion yuan . At the semi-annual meeting of
China Photovoltaic Industry Association in July this year, it was clearly stated that all links of the whole industry chain of photovoltaic industry were in a state of large-scale loss, and the scale of loss was unprecedented.
As for the reasons why enterprises sell at a loss, Zhu Gongshan explained to the camera that in recent years, enterprises from all walks of life have laid out photovoltaic across borders. These enterprises that do not take photovoltaics as their main business use the money earned by other industries to subsidize " According to the data of Economic Half Hour, as of September 2025. The number of photovoltaic related enterprises in China has reached 2003000 . Compared with 2015, it has increased by 7. In 2021 alone, it has increased by 4.
At present, the production capacity of photovoltaic production in China has exceeded 1100 GW. However, global Zhu Gongshan predicts that the total global demand in 2025 will be about 520-540 GW , which will be the turning point in the past 20 years." Global demand will show negative growth . "Next year, I predict that the global market (total demand) will be about 480 GW ."
According to the traditional experience, when the industry has a large area of losses, there should be many enterprises going bankrupt. However, this phenomenon has not appeared in the photovoltaic industry.According to the previous July data of
China Photovoltaic Industry Association, according to incomplete statistics, more than 40 enterprises have announced delisting, bankruptcy or merger and reorganization since 2024. Zhong Baoshen , chairman
of Longji Green Energy, explained: " (Loss-making photovoltaic companies) have received financial support from (local) governments and even investment platforms."
However, the bitter fruit of irrational competition is not only the industry falling into a large-scale loss whirlpool, but also the decline in the quality of photovoltaic products.
In 2019, the qualified rate of photovoltaic products in China was 100%, but by 2024, the qualified rate of photovoltaic products dropped to 69. At present, the qualified rate of photovoltaic products continues to drop to 62.
Regarding this, Zhong Baoshen said: "It only shows that in order to reduce costs, some enterprises have cut corners ."
Anti-involution, "volume" innovation
for the irrational development dilemma of the photovoltaic industry, the end of the country in 2025, through the convening of meetings, promulgation of policies and other means, will "anti-involution" to the national strategic level, to promote the high-quality development of the photovoltaic industry.
In this context, the price of photovoltaic industry chain gradually returns to rationality. At present, the price of silicon materials is stable at about 50,000 yuan/ton, and the average bidding price of modules is stable at 0.
Industry associations and photovoltaic enterprises are also actively responding to and implementing the anti-involution initiative, and the most important measure is to limit the production of enterprises. Among them, silicon enterprises took the lead in responding. In December 2024, Tongwei Stock and Daqo Energy, two leading silicon materials, announced production reduction and production control successively.
"In the first half of this year, the inventory of polysilicon showed a slight downward trend after the domestic distributed'rush installation '," said Wang Jiying, a photovoltaic industry analyst at CITIC Construction Investment. "Other links in the photovoltaic industry chain have also lowered the operating rate."
According to Yang Xing, the workshop manager of Longji Green Energy Xixian Factory, in the program "Economic Half Hour", there are currently six production lines in the factory , and nine production lines are being upgraded .
In addition, leading domestic photovoltaic enterprises are currently planning to join hands to "collect and store production capacity" to further consolidate the anti-involution achievements and help the industry return to a rational development path.
"Our 17 (leading) enterprises have basically signed and are building a consortium to strive for completion within the year." Zhu Gongshan revealed. Zhou yuan, chairman of the
Green Energy Enterprise Development Promotion Association, made two suggestions in the telephone interview of the program: first, at the national level, set some conditions for enterprise scale and technology threshold to eliminate enterprises with backward production capacity or poor management; second, enterprises in the industry should pay more attention to technology research and development, not price, but technology.
There are bets on BC technology . In April
this year, the White Paper on the Development of Back Contact (BC) Battery Technology was published, which clearly stated that "BC technology may become dominant after 2030".
At present, BC products are also popular in the market, especially in the European market. According to Zhong Baoshen, the premium of the company's BC products in the European distributed market can reach 50% -100% , and even 150% in the Nordic market.
At present, perovskite/crystalline silicon stack technology still has a lot of room for improvement, and its theoretical limit efficiency is 45% .
In addition, perovskite/crystalline silicon stack technology not only has high technical barriers, but also has a product cost as low as 0.
Fan Bin, chairman of GCL Optoelectronics, said, "Perovskite involves far more depth and breadth than crystalline silicon technology, and you can buy the same equipment." But you can't buy the same process and materials.
Data show that at least six cities in China are promoting the perovskite photovoltaic cell industry. Yao Jizhong, chairman of
Fiber Nano Optoelectronics, revealed that perovskite is 2-3 years ahead of Europe, America, Japan and South Korea in industrial practice, and one year ahead of technology research and development. At present, overseas regions also very much hope to introduce this technology.
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