Tracking of Hong Kong stock concepts| Mandatory energy efficiency standards for the full photovoltaic industry chain are implemented, and the industry continues to eliminate the disorderly "internal circulation" (attached with concept stocks)

On July 2, the Ministry of Industry and Information Technology, together with the National Development and Reform Commission and the State Administration for Market Regulation, released three mandatory national standards for photovoltaic energy consumption and efficiency: "Energy Consumption Limits for Monocrystalline Silicon Units," "Energy Efficiency Limits and Energy Efficiency Grades for Crystalline Silicon Photovoltaic Modules and Inverters," and "Energy Consumption Limits for Polycrystalline Silicon and Germanium Units." These standards cover key links in the photovoltaic industry chain such as polycrystalline silicon, silicon wafers, modules, and inverters, setting energy consumption and efficiency indicators for related products in different grades to strictly control high energy consumption and low efficiency in production. For modules, a new evaluation index for the attenuation rate under coupled environmental stress has been innovatively incorporated. The implementation of the new national standards for energy consumption and efficiency has attracted widespread attention within the photovoltaic industry. Several experts believe that the systematic upgrade of energy efficiency standards for the entire photovoltaic industry chain is a key lever for the industry to continuously eliminate disorderly competition and promote high-quality development. The three standards are expected to significantly accelerate the elimination of inefficient production capacity in the polycrystalline silicon and module sectors. However, the supply of high-quality module production capacity in the industry is still relatively sufficient. Companies need to adhere to a production based on sales strategy, reasonably reduce production load, and control inventory size. GF Futures stated that, according to SMM statistics, the annual production capacity of photovoltaic modules has exceeded 1000GW, with a production output of 36.36GW in May. The utilization rate is only around 35%, and most of it is high-efficiency capacity. The elimination of low-efficiency capacity is not expected to affect short-term supply and demand. DZ Futures, on the other hand, stated that most photovoltaic glass manufacturers are no longer willing to sell at low prices and are determined to maintain prices. The core variable determining the future market direction will still be the degree of reduction in supply. If the cold-weather maintenance plan progresses as scheduled, prices are expected to bottom out and rebound. Huatai Securities believes that the introduction of policies is expected to accelerate the elimination of production capacity, benefiting high-efficiency battery modules such as BC/HJT/TOPCon3.0. Older technologies or financially strained second and third-tier companies are expected to gradually exit the market. Related Hong Kong stocks in the photovoltaic industry chain include: FLAT GLASS (06865); Triumph New Energy (01108); XINYI SOLAR (00968); XINTE ENERGY (01799); GCL TECH (03800), etc.