On August 29th, the photovoltaic sector rose, with the photovoltaic ETF fund (159863) component stocks of ginlong technologies, hemai shares, sungrow power supply, jiangsu goodwe power supply technology co.,ltd., shanghai aiko solar energy, rising over 7%, and the photovoltaic ETF fund (159863) rising over 4%, leading the ETF market. On the news front, recently, two major photovoltaic giants, longi green energy technology and tcl zhonghuan renewable energy technology, have successively announced an increase in the quotes of their monocrystalline silicon wafers. Industry insiders believe that the photovoltaic industry is expected to reach a turning point. On the one hand, with the adjustment and recovery of demand, downstream manufacturers' demand for silicon wafers will increase, resulting in a confident price increase for silicon wafer manufacturers. On the other hand, the photovoltaic industry has obvious cyclicality. After a long period of price decline and industry downturn, silicon wafers are expected to see a price rebound. From a fundamental perspective, according to data from the National Energy Administration, China's newly added photovoltaic installed capacity from January to July 2024 reached 123.53GW, a year-on-year increase of 27%, with a monthly newly added installed capacity of 21.05GW in July, a year-on-year increase of 12%, maintaining a high prosperity from May to June overall. Huachuang Securities research report pointed out that looking ahead to the full year of 2024, the photovoltaic industry chain is running at a low price, the cost of end-user installation is improving, the project's return on investment is increasing, stimulating downstream installation demand, and the traditional peak season for ground-based power stations in the second half of the year is approaching, making it possible to achieve a high growth in new photovoltaic installations in China.