Zheshang research reports point out that there is an imbalance in the supply and demand of silicon materials, and the price is at a low level. Daquan Energy (688303.SH) short-term performance is under pressure. The net income attributable to the parent in the first half of the year was -0.67 billion yuan, with a year-on-year change from profit to loss; the net income attributable to the parent in the second quarter was -1.001 billion yuan, with a year-on-year change from profit to loss. It is mainly due to the imbalance between supply and demand in the silicon material market and a sharp drop in polysilicon prices during the reporting period. The company is a leader in the domestic silicon material industry, with significant cost advantages and outstanding technological advantages in semiconductors and N-type silicon materials. Considering the intensifying competition in the silicon material sector and the short-term pressure on performance, the company's financial condition is excellent and it has prominent cost and technological advantages. The profit forecast is lowered and the "buy" rating is maintained.