The Ministry of Finance and the State Taxation Administration have recently issued a joint announcement, stating that starting from April 1, 2026, the value-added tax (VAT) export rebates for a range of goods, including photovoltaic (PV) products, will be abolished. This represents the second significant adjustment to the export tax rebate policy for PV products within just over a year. Following the release of this announcement, the market responded promptly, with certain PV companies initiating a reassessment of their production and export strategies. Meanwhile, the industry as a whole embarked on a thorough analysis of the policy's potential impact. For an extended period, the export tax rebate policy has endowed PV products with a competitive advantage in the global market. However, this latest adjustment sends an unmistakable signal under the current circumstances. Industry experts have highlighted that although the cancellation of rebates will elevate export costs for companies and influence market prices in the short term, in the long run, it will facilitate the PV industry's transition from a focus on scale to an emphasis on quality, thereby fostering high-quality and sustainable development along the industrial chain.