Guolonghui October 10th | Hongwei Technology (688711.SH) stated at an investor relations event that the solar industry is currently facing dual pressures of expanding production capacity and intense competition, overall being in a destocking state. With the continuous implementation and improvement of national policies, it will not only help optimize the resource allocation of the solar industry, enhance the industry's overall competitiveness, but also accelerate the elimination and clearance of outdated production capacity, laying the foundation for the high-quality development of the solar industry. The company's management will actively plan for operational development, closely follow the industry development trends, continuously strengthen research and development technological innovation, implement effective cost reduction and efficiency improvement measures, and expand the customer base in the solar industry while consolidating and developing existing customer cooperation relationships.