On the evening of December 24, Tongwei Co., Ltd and Daqo Energy suddenly announced on their official Weibo accounts that in response to the spirit of the Central Economic Work Conference and to eliminate "involutionary" vicious competition, the two silicon material companies will orderly reduce production and control output. Currently, Tongwei Co., Ltd has a polysilicon production capacity of over 0.9 million tons, and Daqo Energy has formed an annual production capacity of 0.305 million tons of polysilicon, with a combined total production capacity exceeding 1.2 million tons.

On December 6, several photovoltaic companies signed a self-discipline agreement, which will begin to control production capacity starting next month. Huachuang Securities Research Reports pointed out that under the current difficulties, enterprises in the industry have realized that only through cooperative self-discipline can self-help be achieved. If the subsequent industry self-discipline agreement is promoted smoothly, the current excess supply and demand situation is expected to be significantly alleviated, driving price and profit recovery.

According to data from the financial news agency, among the relevant listed companies:

Yubang New Materials specializes in the research and development, production, and sales of PV Ribbon. After more than ten years of efforts, it has now developed into one of the main suppliers of PV Ribbon products in China.

As of the first half of 2024, Tongwei Co., Ltd has established a high-purity crystalline silicon annual production capacity of over 0.65 million tons. According to the company's capacity planning, it is expected that from 2024 to 2026, the high-purity crystalline silicon production capacity will reach 0.8-1 million tons.