On July 2nd, the A-share market experienced volatile adjustments, with the combined trading volume of the Shanghai, Shenzhen, and Beijing markets reaching 1.4051 trillion yuan, a decrease of 112.3 billion yuan compared to the previous trading day. The photovoltaic sector bucked the trend and emerged as a market highlight. According to Guojin Industry Classification data, sub-sectors within photovoltaic equipment—such as silicon materials, silicon wafers, glass, and steel coils—led the gains, with the photovoltaic materials index surging 5.27% in a single day, drawing widespread market attention. 1.Policy Guidance to Break "Involution": Photovoltaic Glass Manufacturers Jointly Cut Production to Stabilize Supply and Demand Recently, the high-quality development of the photovoltaic industry has become a focal point in the market. On June 29th, People's Daily published an article titled Achieving High-Quality Development by Overcoming "Involution-Style" Competition, which noted that in response to supply-demand imbalances, China's top ten photovoltaic glass manufacturers have reached a consensus to collectively reduce production by 30% to optimize the industry ecosystem. Additionally, continued policy support is driving the rational layout of the new energy sector, facilitating the photovoltaic industry's transition toward high-quality development. 2.Accelerating Technological Iteration: Heterojunction (HJT) and Perovskite Batteries Lead the Future Photovoltaic battery technology is undergoing rapid innovation. Currently, first-generation crystalline silicon batteries remain dominant, while second-generation thin-film batteries are gradually maturing. Meanwhile, third-generation new battery technologies, such as heterojunction (HJT) and perovskite batteries, are gaining prominence due to their high efficiency and low-cost advantages. HJT batteries offer benefits such as high conversion efficiency and simplified production processes, while perovskite batteries feature low material costs and strong light absorption capabilities, making them key directions for technological breakthroughs in the industry. 3.Strong Overseas Demand Drives Sustained Growth in China's Photovoltaic Exports Against the backdrop of global energy transition, overseas demand for photovoltaic products remains robust. Driven by policies such as the U.S. Inflation Reduction Act and India's Production-Linked Incentive (PLI) scheme, countries worldwide are accelerating their photovoltaic supply chain deployments, boosting China's photovoltaic equipment exports. Data from the China Photovoltaic Industry Association shows that from January to October 2024, China's photovoltaic product (silicon wafers, cells, and modules) exports totaled approximately $28.14 billion, with significant year-on-year growth. Exports of cells and modules increased by 41.8% and 15.9%, respectively. 4.Policies Support Smart Photovoltaic Upgrades and Industrial Innovation Since 2023, multiple government departments have introduced policies to promote the intelligent development of the photovoltaic industry. The *Smart Photovoltaic Industry Innovation and Development Action Plan (2021-2025)*, jointly issued by the Ministry of Industry and Information Technology (MIIT) and four other departments, calls for innovation in photovoltaic materials, components, and equipment, including the development of high-quality encapsulant films, photovoltaic glass, and other products, as well as the industrialization of high-efficiency battery technologies. Furthermore, the *Action Plan for Stabilizing Growth in the Electronics Manufacturing Industry (2023-2024)* emphasizes the application of "smart photovoltaic + energy storage" across various sectors, including industry, agriculture, construction, transportation, and new energy vehicles, to promote green manufacturing and intelligent upgrades. 5.Deepening Photovoltaic Technology to Support High-Quality Industry Development As a pioneer in photovoltaic technology innovation, Beijing Multifit Electrical Technology Co., Ltd. has consistently aligned with national policy directions, focusing on the R&D and industrial application of high-efficiency photovoltaic technologies. The company has established a comprehensive photovoltaic product ecosystem, covering solar panels, smart combiner boxes, high-efficiency controllers, inverters, energy storage battery systems, portable power solutions, and more. Notably, the company has made breakthrough advancements in photovoltaic system operation and maintenance, innovatively developing intelligent, fully automated solar panel cleaning robots and high-efficiency semi-automatic cleaning brushes, filling gaps in the industry. Backed by a strong R&D team, Multifit continues to drive product iteration and upgrades. The company actively deploys "smart photovoltaic+" solutions, forming unique advantages in applications such as commercial and industrial distributed power generation and building-integrated photovoltaics (BIPV). Moving forward, Multifit will remain committed to technology-driven innovation, refining its full-industry-chain layout to provide Chinese solutions for global energy transition and support the "dual-carbon" goals. |