On June 11th, Gelonghui reported that during the opening ceremony of "SNEC PV + 17th (2024) International Solar Photovoltaic and Smart Energy Conference and Exhibition (Shanghai)", Zhu Gongshan, chairman of Xinlong Holdings, stated in his speech that the PV industry is currently facing the "most powerful internal coiling" in history, with severe supply and demand mismatch, and the industry has entered an ice age. "As of now, the four major links of silicon materials, silicon wafers, cells, and modules have basically fallen below cash costs, and the entire industry chain is under pressure. In this round of turbulence in the PV industry, overall production capacity has increased by about 3 times, but the profit margin has decreased by about 70%. Only by breaking through core technology can we bring about the expansion of the upper limit of the industry and the improvement of the internal coiling ecology." Zhu Gongshan said, "In the second half of the year, with the countdown to the commissioning of related GW-level projects, perovskite will soon realize the key leap from 0 to 1. The starting point for the efficiency of perovskite layer stacking exceeds the end point of the efficiency of monocrystalline silicon components. In the next ten years, perovskite will be in the golden age."