Pacific Securities Research Reports point out that with continuous breakthroughs in new markets and new technologies, the new cycle of parity in solar storage is accelerating, and a reversal in the photovoltaic Industry is imminent. Three directions are recommended for attention: 1) The new supply-demand cycle is expected to begin in 2025, with industry Quotes and profits likely to recover, and the advantages of leading companies will gradually become prominent; 2025 is expected to welcome a new round of growth, with LONGi Green Energy Technology, JinkoSolar and others likely to fully benefit; 2) Areas with significant cost reduction potential and continuous iterative technology, such as GCL TECH and perovskite, are likely to fully benefit; 3) Supporting facilities, where leading advantages are highlighted, and Emerging Markets are expected to drive rapid increases in shipments and profits, with the margin advantage of leading companies further enhanced; Sungrow Power Supply, Hangzhou First Applied Material and other enterprises are likely to fully benefit.