China Solar Sector: Takeaways from Chinese Companies at DB's Virtual Global Solar Conference

Research evidence excerpt

China Solar Sector: Takeaways from Chinese Companies at DB's Virtual Global Solar Conference

Deutsche Bank

Research

Asia Industry Date

China 18 May 2026

Hong Kong China Solar Sector

Industry Update

Energy

Alternative Energy

Takeaways from Chinese Companies at

DB's Virtual Global Solar Conference

Gary Zhou, CFA

Key highlights Research Analyst

2026 Virtual Deutsche Bank Global Solar & Clean Tech Conference was hosted on +852-2203-5889

14 May. Five Chinese companies attended, including LONGi Green Energy

Technology (601012.SS), GCL Technology (3800.HK), Hainan Drinda New Energy

(2865.HK), Daqo New Energy (DQ.N) and Jinko Solar (JKS.N).

Across companies, management teams broadly pointed to a Chinese solar industry

still in a weak near-term phase, with demand softness in 1H26 (particularly in China)

and ongoing oversupply and high inventories in polysilicon segment weighing on

pricing. At the same time, there is a shared view that policy-driven anti-involution

measures, possibly stricter standards, and industry consolidation are gradually

improving discipline, with pricing stabilizing or becoming more rational (especially

for modules).

Differentiation is a clear strategy for many companies in the solar sector, with

LONGi focusing on its high-efficiency BC modules and expanding into the Energy

Storage System (ESS) market. GCL Technology is diversifying by leveraging its

cost-effective granular silicon production and venturing into battery material value

chain. Meanwhile, Hainan Drinda is carving out a niche in space solar applications,

highlighting its expertise in in-orbit testing platforms and the upcoming production

of high-end CPI film.

Among the stocks we cover, LONGi (601012.SS), as an integrated module

producer, is a near-term beneficiary of lower upstream costs.