CICC International Holdings: Optimistic about the mainland photovoltaic industry's "anti-inside collapse" progress, with Xinjing Technology (03800.HK) as the top pick.

date
19/09/2025
Zhitong Finance APP learned that Guoyuan International released a research report stating that the tightening of energy consumption standards for polycrystalline silicon exceeded expectations, reflecting the government's firm determination to prevent the "inward spiral" of the photovoltaic industry, and using the improvement of technological standards as the main means to eliminate outdated production capacity. The bank continues to be optimistic about the progress of the photovoltaic industry in preventing the "inward spiral", and recommends Xinjiang Technology (03800.HK), the leader in granular silicon with the lowest energy consumption.