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According to a research report by CITIC Securities, fostering a rebound in industrial chain prices represents a pivotal first step for the photovoltaic industry to break free from "involution." As the industry transitions towards standardized competition and potential supply-side reform policies begin to take hold, the fundamental strengths of the photovoltaic sector are anticipated to strengthen, leading to the gradual elimination of outdated capacity. Despite the swift rebound in industrial chain quotations, it will take time to restructure the photovoltaic industry's supply side and eradicate outdated capacity. In this context, it is advisable to focus on leading photovoltaic enterprises that demonstrate long-term competitiveness and resilience during the overcapacity reduction phase.
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