Huatai Electric & New Energy: PV supply-side reform policies intensify, focus on bottom-up fundamental opportunity - 260730

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### Huatai Electric & New Energy: PV supply-side reform policies intensify, focus on bottom-up fundamental opportunity - 260730 Time: 2026-07-31 00:13:25 Content: Huatai Electric & New Energy: PV supply-side reform policies intensify, focus on bottom-up fundamental opportunity - 260730 ➡ The 'benchmark' and 'ruler' have landed. The PV supply-side reform toolkit is expected to accelerate industry survival of the fittest. Ruler: On July 27, the group standard for cost accounting in the PV industry was officially released (led by the PV Association, guided by SAMR and MIIT), which for the first time clarified the cost accounting caliber across the industry, providing a technical ruler for the 'bid below cost should be rejected' provision in the Bidding Law, thereby strengthening anti-involution efforts in the PV industry to some extent, making regulation clear and manageable. Benchmark: On July 21, the final drafts of three mandatory national standards for PV energy consumption/energy efficiency were published, further raising the clearing line. We estimate that under the new national standards, after official implementation in 27, the polysilicon/cell segments are expected to clear 50%+/15%~31% of existing capacity. ...