[SMM PV] Laplace plans to raise 2.201 billion yuan to invest in PV and semiconductor high-end equipment

On June 12, a leading PV enterprise officially commenced production of a new-generation perovskite tandem cell line, achieving a stable mass-production conversion efficiency of 31.2%, significantly surpassing the theoretical limit of traditional crystalline silicon cells. By improving encapsulation solutions, the enterprise resolved the perovskite degradation issue, enabling module outdoor service life to reach 30 years. Large wind and solar power bases in western China have already secured initial procurement intentions. The adoption of this new technology will reduce the levelized cost of PV power generation over the long term, driving rising demand for high-end PV auxiliary materials and encapsulation films.

Jinko Solar stated that the stage of global product homogenization in the PV industry has come to an end. Vice President Qian Jing noted that the model of a single standardized module sweeping the global market no longer exists. In 2026, Jinko Solar has set its module shipment target at 75–85 GW and unveiled its flagship product, the Feihu 5 module, tailored for six major application scenarios, with a mass production efficiency of 25.91%. Furthermore, the enterprise regards AIDC computing-power synergy as the core growth direction for the next three to five years. It has successfully won the bid for the world's largest PV+ESS integration AIDC project in the Middle East and will provide 2 GW of PV modules for this project.

[SMM Silicon-based PV Morning Meeting Summary: Module Price-holding Sentiment Increases Somewhat, Polysilicon Prices Remain Stable Temporarily] Last week, distributed module prices in China were mostly stable, and enterprises' willingness to hold prices firm increased somewhat, especially among some second-tier companies that had previously seen larger price declines. On the centralized side, projects have increased recently, but prices have started to decline. The lowest ex-factory price for some orders under delivery has fallen to 0.68 Yuan/W, and new order prices have also dipped below 0.7 Yuan/W. Currently, quotes for distributed high-efficiency Topcon modules are: 183 (0.734 Yuan/W), 210R (0.740 Yuan/W), and 210N (0.7425 Yuan/W); for centralized, Topcon 182/183 (0.721 Yuan/W) and 210N (0.741 Yuan/W).