The past year has been a pivotal turning point for China's photovoltaic sector and the global new energy industry as a whole. A comprehensive rectification of cutthroat, "inward-rolling" competition has deepened. A multi-dimensional force combining policy guidance, market self-purification, continuous technological breakthroughs, and industry self-discipline has propelled the sector through a painful transformation, awakening through reflection, and renewal through change.

Currently, the photovoltaic industry stands at a historical watershed, transitioning from scale expansion to quality and efficiency leap, from manufacturing competition to system-wide victory, and from single energy products to a digital-intelligent ecosystem. The "industry's difficulties" and the "industry's transformation" are evolving simultaneously. A series of policy measures are driving the industry to return to its roots and uphold the principles of long-termism, entering a new stage of high-quality development characterized by top-tier consolidation, bottom-tier clearance, and value differentiation.

The old development paradigm and industry narrative model have completely failed. The past path centered on capacity expansion, price cuts, and scrambling for scale has reached its physical limit. A zero-sum game across the entire industry yields only one result: a fight in a mud pit where there are no winners.