The Ministry of Industry and Information Technology has revised the "Regulatory Conditions for the Infrastructure Industry" and the "Interim Measures for the Management of the Infrastructure Industry Announcement". This encourages local areas to reasonably layout photovoltaic manufacturing projects based on resource endowments and industrial bases, promoting intensive and clustered development. It also guides photovoltaic enterprises to reduce projects that merely expand production capacity, strengthen technological innovation, improve product quality, and lower production costs. For new and upgraded photovoltaic manufacturing projects, the minimum capital ratio is 30%.

Additionally, according to reports from Shanghai Nonferrous Metals Network, over 20 silicon wafer companies held an online self-discipline meeting again last week, aiming to coordinate production cuts to improve the current market environment. It is understood that a leading crystal pulling company has taken the lead in further reducing the utilization rate for November, which has decreased from the initial target of 40% to around 30%. Meanwhile, with the adjustments from some smaller companies, the domestic silicon wafer output is expected to fall below 40 GW in November, and the utilization rates of leading first and second-tier companies generally remain around 30-40%.

Xu Boqiao from Haitong International Securities believes that the current stock prices and fundamentals of the photovoltaic sector are at the bottom. The second quarter report shows significant losses, prices have bottomed, some segments are fully cash negative, multiple segments are jointly reducing production, the sector has seen a cumulative drop of about 70% over two years, and institutions' hold positions are low, which are all clear signs of a bottom. Currently, the industry's clearing process has begun to show signs, and the bottom sector has great potential under the stimulation of the capital markets, making future investment opportunities worthy of attention.

According to the Financial Data Center, among related listed companies:

JA Solar Technology is a globally leading integrated photovoltaic leader, covering the industry chain from silicon wafers, batteries, modules to photovoltaic power stations, with a global market share of 10%, and module shipments consistently ranking in the top three worldwide.

Tongwei Co., Ltd is a global leader in high-purity crystalline silicon and solar cells, with solar cell shipments ranking first globally for five consecutive years.