Wafer Quality and Price Guarantee Becomes a Key Focus Across the Industry

On June 9, the PV ETF Guotai (159864) surged nearly 3%, drawing attention to PV+ESS synergy and new-type power grid construction. CSC Financial pointed out that the construction of AI computing centers places higher demands on power supply and new-type power grids, and areas such as power equipment, energy storage, transformers, power distribution, and computing-power synergy are expected to become important extensions of the computing power industry chain. Against the backdrop of China’s entire-industry-chain advantages in power equipment, North America’s continuously growing AI computing power investment, and Europe’s urgent need for energy transformation, the power and grid sectors are expected to rise. During the 15th Five-Year Plan period, the State Grid Corporation of China’s fixed asset investment is expected to reach 4 trillion yuan, a 40% increase compared to the 14th Five-Year Plan; completed investment in power grid infrastructure saw a significant YoY rise, and the central range of grid capital expenditure shifted notably upward. At the policy level, the planning and construction of the “six networks” including “new-type power grids” is being emphasized, with investment in related fields projected to be enormous, and the main policy thrust has shifted to systematically shoring up weak links in infrastructure.

Recently, the film industry has exhibited a triple characteristic: "technology upgrade + raw material localisation + industry consolidation." Differentiated technologies such as light-conversion films and functional fillers have become the breakout direction for enterprises; POE localisation is expected to improve the cost structure of film enterprises; meanwhile, the market exit continues, and outdated capacity is being eliminated at an accelerated pace.

Customs data show that China's cumulative PV product exports from January to April 2026 were up about 43% YoY, as foreign demand remained strong despite the cancellation of export tax rebates for PV products from April 1. Especially in the Southeast Asian market, in April this year, monthly module exports were up 267% YoY. Industry insiders believe that global new PV installations will remain above 500 GW in 2026, and that, while seizing the global new energy transition, China's PV enterprises are accelerating technological upgrades and structural optimization to achieve a shift from scale expansion to quality and efficiency improvement.