1. How to view the recent "anti-involution" policy in the industry?
Recently, the central government has clearly pointed out the importance and urgency of solving the "involution" competition, and the conference research of various ministries and commissions also fully reflects the importance and determination to control the disorderly competition in the photovoltaic industry and promote high-quality development.
We believe that in order to solve the problem of involution competition in the photovoltaic industry and reshape the order of the industry, we must first strictly control the new capacity, control the stock output, and guide the price to return to rationality. At the same time, we should continue to promote cutting-edge technological innovation and upgrading, support advanced production capacity with high comprehensive power generation income, and promote the orderly withdrawal of production capacity that can not be upgraded. The advanced products with high value are expected to lead the market price trend and provide the basis for the price repair of the industrial chain.
2. The latest transformation progress of the company's high-power products and the time of large-scale shipment? At present,
the company has completed the technical upgrading and transformation of two workshops in Shangrao Base and Shanxi Base. By the end of this year, the production capacity of products with power above 640W will account for 40-50% of the company's total production capacity. Next year, most of the production capacity will reach the mainstream power level of 650-670 W.
The company's high-power products above 640W have been partially delivered in the third quarter of this year, and more large-scale high-power products will be delivered in the fourth quarter. It is expected that most orders will be switched to high-power products above 640W next year.
3. How to view the goal and direction of further efficiency improvement of TOPCon technology in the future? With forward-looking R & D layout and deep technology precipitation, the
company takes the lead in promoting TOPCon production capacity to upgrade to higher power in the industry. It is expected that the company's advanced capacity power gear will reach about 670 W next year, and it is expected to achieve 680-700 W in the next two or three years, maintaining a leading edge of 1-2 gears compared with major competitors in the same industry. The continuous improvement
of TOPCon battery efficiency, on the one hand, through the optimization of metallization technology, on the other hand, through the optimization of new structures and materials on the front side, as well as invisible grid line technology and back structure optimization. The company is confident that the mass production efficiency of TOPCon batteries will be increased to more than 28% in the next 2-3 years.
4. How does the company view the domestic and overseas market demand in the second half of the year? Can price increase of raw materials in the upstream be smoothly transmitted?
China Photovoltaic Industry Association recently raised the forecast of global photovoltaic installed capacity from 531-583GW to 570-630GW in 2025. The forecast of new PV installed capacity in China was raised from 215-255 GW to 270-300 GW.
China's market demand returned to normal in the second half of the year after the rush to install in the first half of the year, and the demand was mainly contributed by centralized projects. In terms of overseas markets, the demand in the US market was uncertain due to policy disturbances; Emerging markets such as Middle East Africa and Indo-Pacific maintained rapid growth to ensure the steady development of global photovoltaic market demand in the second half of the year.
In the second half of the year, the overall market demand will correspond to the cautious supply under the "anti-involution" of the industry, the overall component price will stabilize, and the domestic and foreign distribution market with more flexible pricing will have greater price transmission advantages.
5. What is the production schedule of the company's components in the third quarter?
Thanks to the rapid growth of emerging markets such as Indo-Pacific and Central and East Africa, the company's overall production schedule remained stable in the third quarter.
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