On August 1, Atlas predicted in its Investor Relations Activity Table that after the rush to install in the first half of the year, domestic installed capacity is expected to slow down in the second half of the year, with little impact on short-term demand from policy changes in the United States and stable growth in emerging markets. But overall, photovoltaic demand is expected to continue to grow this year, but the growth rate has slowed down significantly compared with the past.
At the same time, Atlas said that the company's production schedule in the third quarter was adjusted dynamically according to market demand, which was lower than that in the second quarter.
The following is the full text
1. How to view the recent industry "anti-involution" policy?
The anti-involution policy is conducive to guiding the photovoltaic industry to transform from scale expansion to high-quality development, avoiding disorderly competition, and promoting the industry to return to the track of rational growth and long-term healthy development. As a practitioner of "anti-involution", the
company has defined the strategy of "balance between volume and profit" since the first half of 2024, and has taken the initiative to regulate production capacity by optimizing the shipment structure and focusing on high-value markets. This strategy has been verified in the company's performance. Before the relationship between supply and demand in the industry has not been fundamentally improved, the company seeks to break through actively. Relying on internationalization capability, product and technological innovation, and the second growth curve of energy storage , Atlas is confident to take the lead in breaking through the current cycle.
2. How to view photovoltaic demand in the second half of the year? Affected
by the No.136 policy, the domestic installed capacity in the first half of the year was 212GW, a record high, and the China Photovoltaic Industry Association raised the forecast of the annual new installed capacity of domestic photovoltaic to 270-300 GW. After the rush installation in the first half of the year, the domestic installed capacity is expected to slow down in the second half of the year. Policy changes in
the United States have little impact on short-term demand, and emerging markets are growing steadily. Overall, photovoltaic demand is expected to continue to grow this year, but the growth rate is significantly slower than before.
3. How does the company plan to respond to trade tariffs and policy restrictions on the United States?
The company has diversified supply chain layout, and will continue to play its international advantages, optimize the structure of overseas production capacity, and actively respond to changes in geopolitical risks.
4. What is the production schedule of the company's components in the third quarter?
Combined with the possibility of a phased slowdown in domestic installation opportunities in the second half of the year and the overall orientation of "anti-involution" in the industry, the company's production schedule in the third quarter was adjusted dynamically according to market demand, which was lower than that in the second quarter. Component business throughout the year not only pursues the scale of shipment, but also gives priority to profit, balancing supply and demand while ensuring profitability.
5. Latest orders in hand for energy storage?
As of March 31, 2025, Atlas Energy Storage Technology (e-STORAGE) has a reserve of about 91 GWh energy storage system orders, including long-term service agreements. The amount of orders in hand with signed contracts is 3.2 billion US dollars (equivalent to about 22.98 billion RMB). Please pay attention to the information disclosure of relevant announcements after the
latest orders in hand.
6. What is the layout of energy storage products?
Answer: The company's energy storage business has built a full-scene product matrix covering large-scale energy storage SolBank, industrial and commercial energy storage KuBank and household energy storage EPcube, relying on the synergistic advantages of optical storage, reliable product performance and quality, mature sales channels and perfect localized service network. It has become a leading supplier of energy storage system solutions in overseas core markets.
浙公网安备33010802003254号