The research report issued by CITIC Securities highlights that the silicon-based materials industry is presently mired in the trough of its business cycle, experiencing a significant deceleration in supply-side activities. Despite this, the industry has managed to steer clear of substantial losses, which makes it challenging for a spontaneous reduction in production capacity to occur. Presently, the 'anti-inner-roll' strategies offer only marginal support for prices. As we move into the latter half of 2026, the imbalance between supply and demand is projected to become even more acute, with organic silicon prices anticipated to hover within the low range of 11,500 to 13,000 yuan per ton. Therefore, it is prudent to direct attention towards silicon-based material companies that are venturing into downstream sectors characterized by high growth potential.