According to Zhito Finance APP, in the morning trading session, photovoltaic stocks generally fell. As of the time of writing, XINYI ENERGY (03868) fell by 3.61%, trading at 0.8 HKD; FLAT GLASS (06865) fell by 2.63%, trading at 11.84 HKD; XINTE ENERGY (01799) fell by 2.31%, trading at 7.61 HKD; XINYI SOLAR (00968) fell by 1.89%, trading at 3.12 HKD.

On December 9th, the largest scale of photovoltaic module and Power Inverter centralized procurement in photovoltaic history officially opened bidding. This project tender was initiated by Power Construction Corporation of China,Ltd, including a bidding scale of 51 GW for both photovoltaic modules and Power Inverters. A total of 58 photovoltaic module companies participated in the bidding, of which 20 quoted prices below 0.68 yuan/W, not complying with the Industry self-discipline requirement for minimum pricing. Subsequently, on December 17th, the procurement project for photovoltaic module equipment of the 0.6 million-kilowatt photovoltaic project associated with the National Energy Bazhou pumped storage project by Xinjiang Electrical Utilities Bazhou Power Generation Company was publicly announced for candidates winning the bid. This bidding information clearly set a maximum bidding price of 0.6313 yuan/watt.

In addition, on December 5th, the "2024 Photovoltaic Industry Annual Conference," jointly hosted by the China Photovoltaic Industry Association and Yibin City People's Government, was held. Goldman Sachs released a Research Report stating that the annual conference of the photovoltaic industry called for strengthening production control, expecting that the cyclical bottom will end by 2025, with potential price rebounds of 5%-10% in the main material Sector. The bank believes that the subsequent execution of production cuts will be the focus of attention in the coming months, which may accelerate the process of supply-demand rebalancing from losses (expected in 2024) to breakeven (expected by the end of 2025).