BOCOM INTL: The Polycrystalline Silicon Production Capacity Storage Platform Officially Established, Mainland Photovoltaic Anti-dumping Becomes "Deeply Rectified"

BOCOM INTL released a research report stating that after a recent stock price correction, the valuation of some leading photovoltaic companies has become attractive. They are optimistic about polysilicon, which is a benchmark sector for "anti-convection", and prefer the leader in granular silicon, GCL TECH (03800), as well as the undervalued rod silicon leader XINTE ENERGY (01799) that will benefit more from capacity consolidation. The central work conference held last week pointed out the need to thoroughly rectify the "convection-style" competition. For the first time, the expression of anti-convection has changed from "comprehensive rectification" to "thorough rectification". Combined with the formal establishment of the polysilicon capacity consolidation and acquisition platform, the bank expects that the photovoltaic "anti-convection" will further deepen, and substantive capacity reduction policies are expected to be gradually introduced. The polysilicon capacity consolidation and acquisition platform is officially established. According to the China Photovoltaic Industry Association, Beijing Gonghe Qiancheng Technology Co., Ltd. has recently completed registration, marking the official landing of the long-awaited "polysilicon capacity integration acquisition platform" in the photovoltaic industry.