Galaxy Securities pointed out that the photovoltaic industry parity and technology co-drive, efficient battery production expansion accelerated, equipment links ushered in a high boom. Photovoltaic start parity, the future is expected to gradually achieve the transformation to the main form of energy, global photovoltaic installation is expected to continue to improve. The continuous cost reduction of the industrial chain and the technical iterations of large-size, HJT and multi-grid are expected to accelerate the clearance of backward production capacity and the expansion of advantageous production capacity, and the growth momentum of core equipment manufacturers in all links is sufficient.