① Canadian Solar acknowledged that since July, costs at varied upstream segments have risen to various levels from their backside costs, which is able to step by step be handed on to the module aspect; JinkoSolar famous that market costs are steadily growing, and with the launch of demand in the U.S. market, the gross revenue margin in the third quarter is anticipated to rise steadily. ② Many leaders from photovoltaic companies talked about that the photovoltaic trade is present process a transition from price competition to value competition.
According to a report by the Financial Associated Press on September 3 (Reporter Liu Mengran), pushed by the push towards ‘involution’, costs throughout the photovoltaic trade chain have step by step rebounded from their backside vary since the third quarter. Leading enterprises are selling a rational and wholesome market improvement by means of technological upgrades and capability optimization.
At at present’s efficiency briefing for particular sectors on the Sci-Tech Innovation Board, in the particular session for the new vitality trade, Canadian Solar President Zhuang Yan acknowledged that world photovoltaic demand is anticipated to develop steadily. Since July, costs at varied upstream segments have risen to various levels from their backside costs, which is able to step by step be handed on to the module aspect. JinkoSolar Chairman Li Xian-de additionally acknowledged that underneath the trade consensus towards ‘involution’, market costs are steadily growing, and with the launch of demand in the U.S. market, the gross revenue margin in the third quarter is anticipated to rise steadily.
Canadian Solar Board Secretary Xu Xiaoming, in response to investor inquiries, acknowledged that the firm is a practitioner of ‘anti-involution’, having clearly outlined a technique for balancing amount and revenue since the first half of 2024, actively self-regulating capability by means of optimizing cargo constructions and specializing in high-value markets.
In the silicon materials phase, Daqo New Energy (688303.SH) General Manager Zhu Wengang revealed that the firm has established a capability of 305,000 tons per yr for polysilicon, with steering for polysilicon manufacturing in the third quarter of 2025 anticipated to be between 27,000 and 30,000 tons, and annual manufacturing steering of 110,000 to 130,000 tons. He acknowledged that the firm’s gross sales actions strictly adhere to legal guidelines and laws comparable to the Anti-Unfair Competition Law and the Pricing Law, in addition to trade self-regulatory tips.
During the investor communication session, leaders from a number of photovoltaic companies talked about that the photovoltaic trade is experiencing a shift from price competition to value competition.
Regarding JinkoSolar’s improvement plans, Li Xian-de acknowledged that the firm focuses on the steady innovation of TOPCon expertise and is upgrading its current capability. It is anticipated to full 40% to 50% of the superior capability upgrades by the finish of the yr, which is useful for additional accelerating the clearance of trade capability and supporting the industry’s ‘anti-involution’. In the first half of the yr, the firm accomplished practically 20 GW of upgrades to high-power manufacturing traces exceeding 640W, and is at the moment in the ramp-up section, with some mainstream TOPCon 3.0 fashions reaching energy outputs of 650 to 670W.
He additional acknowledged that underneath the intensified trade consensus towards involution, the exit of outdated capability is anticipated to speed up additional, selling high-quality improvement in the trade. The quarter-on-quarter enchancment in the firm’s internet revenue excluding non-recurring objects in the second quarter was primarily due to the home rush for installations driving an enchancment in gross revenue margins and a discount in bills quarter-on-quarter.
Regarding orders, Li Xiande acknowledged that the firm’s present visibility for element and vitality storage orders exceeds 80%. He believes that after the rush for installations in the first half of the yr, demand in the Chinese market will return to regular in the second half, and the introduction of associated insurance policies comparable to photovoltaic desertification management, direct connection of inexperienced electrical energy, and the inexperienced electrical energy consumption ratio necessities in industries like information facilities will present sturdy help for medium-term photovoltaic demand.
In addition, in response to adjustments in the world market, photovoltaic companies are optimizing their capability format and market methods. Li Xiande anticipates that following the passage of the OBBB Act, the U.S. market will enter an accelerated launch section; rising markets comparable to the Middle East and Africa will proceed to develop quickly, guaranteeing sturdy improvement of world photovoltaic market demand in the second half of the yr.
Artis President Zhuang Yan acknowledged that the operational stage of the firm’s 5GW element manufacturing facility in the United States is step by step bettering, and it’s anticipated that the element output this yr will exceed 3.5GW.