According to SMM, in order to break free from "cut-throat competition," leading domestic PV glass firms plan to collectively reduce production by 30% starting from July. Additionally, some glass firms have begun to increase their plans to block production lines. It is expected that the domestic PV glass supply will decline rapidly, and the domestic supply-demand imbalance will improve. It is projected that domestic glass production will drop to around 45GW in July.
The short-term prosperity of the PV equipment sector hit a low in 2024, mainly due to industry pressure brought on by overcapacity. According to data from the National Energy Administration, domestic new PV installations reached 92.9GW in May 2025, up 388.0% YoY and 105.5% MoM. The cumulative new PV installations in China from January to May 2025 reached 197.85GW, up 150.0% YoY. The machinery equipment team of Guolian Minsheng Securities believes that prices across various links of the industry chain are currently at historical lows, and the industry is in the process of clearing out. Coupled with the fact that PV policies are being implemented from both the supply and demand sides, the industry is expected to see an improvement in supply and demand in 2025.
According to the theme library of Cailian Press, among the relevant publicly listed firms are:
Ancai Hi-Tech stated on an interactive platform that the company has three PV glass production lines in Anyang, Jiaozuo, and Xuchang, with a combined capacity of 2,700 mt/day.
Flat has a total PV glass production capacity of 19,400 mt/day. Additionally, the company has the mass production capability for 1.6mm PV glass, with a stable yield rate.
