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    Staff members of State Grid Huzhou power supply company conduct inspection on the photovoltaic lines and equipment at a photovoltaic power station in Changxing County of Huzhou City, east China's Zhejiang Province, May 27, 2026. In recent years, State Grid Huzhou power supply company has been constantly promoting the upgrading of the county-level power grids, advancing the integration of renewable energy sources into power grids, and endeavoring to construct a safer, greener and smarter power grid. (Photo: Xinhua)
Eight Chinese leading polysilicon producers have issued public pledges to stop selling solar products below a cost benchmark, in a fresh industry effort to curb "involution-style" competition and support healthier pricing in the country's photovoltaic supply chain, the Shanghai Securities Journal reported on Friday. 
Industry experts said that this move will not only help stabilize profits across the sector, but also promote the Chinese photovoltaics (PV) industry's shift toward high-quality development.
The eight companies jointly committed that the selling prices of all photovoltaic products, including tender bids, must not fall below the corresponding cost calculated under the group standard General Principles for Cost Accounting Models in the Photovoltaic Industry. Any sales below full cost must be "immediately stopped and corrected," according to the report.
The pledge was signed in Shanghai on Thursday by the companies, including four listed companies — Tongwei Solar Co, GCL Technology Holdings Limited, Daqo New Energy Co, Xinte Energy Co. The other four companies are Asia Silicon (Qinghai) Co, Xinjiang East Hope New Energy Co, Qinghai Lihao Qingneng Co, and Xinjiang Goens Energy Technology Co.
Together, the eight companies account for more than 90 percent of China's effective polysilicon production capacity, the Shanghai Securities Journal report said.
Under the initiative, the companies also agreed to accept supervision and inspections from market regulators at all levels and to strengthen mutual oversight. If they discover illegal below-cost sales, they are required to report the issue and file complaints with the industry association and the State Administration for Market Regulation (SAMR).
In addition, the firms committed to strictly implementing China's new energy-consumption standards and to proactively eliminate outdated, high-energy-consuming production capacity.
The move comes just one week after the SAMR held a solar industry price-compliance meeting on July 31, urging solar PV companies to strengthen price compliance and shift competition from price to quality.
It instructed companies to strengthen cost accounting, establish and improve price compliance systems, and carry out comprehensive self-inspections and corrective actions, according to the Xinhua News Agency.
Industry experts welcomed the initiative, saying that years of excessive competition have pushed many photovoltaic firms into losses, which is harmful to the industry's long-term development.
China's PV industry is mired in severe low-price competition, with profit margins squeezed along the entire value chain and many firms operating at a loss, Xiang Ligang, director-general of the Zhongguancun Modern Information Consumer Application Industry Technology Alliance, told the Global Times on Friday.  
Xiang added that the initiative could help ensure more reasonable revenue and profit levels, which are essential for sustainable industrial development. The move also reflects a broader shift among Chinese firms toward greater coordination in responding to market pressures. 
Although the industry also faces external challenges, including US tariffs on polysilicon-related products, Xiang said the main purpose of the initiative is to improve the sector's own development model rather than simply respond to foreign trade measures.
China has launched sweeping efforts to curb "involution-style" low-price competition and accelerate the phase-out of outdated industrial capacity. China's Ministry of Industry and Information Technology on July 3 held a symposium for manufacturing enterprises, focusing on accelerating the high-quality development of the photovoltaics industry, according to the Xinhua News Agency. 
The symposium called for efforts to comprehensively deal with the problem of disorderly price competition in the photovoltaics industry in accordance with laws and regulations, as well as efforts to guide enterprises to improve product quality, phase out backward production capacities in an orderly manner and achieve healthy and sustainable development, Xinhua reported. 
。    Pawan Kalyan is riding high on the massive success of his last film, They Call Him OG. The blockbuster success of the Sujeeth directorial reaffirmed his number uno status at the box-office stamina. All eyes are on the actor’s next big entertainer, Ustaad Bhagat Singh, directed by Harish Shankar. The film has completed its shoot, and the team is gearing up for a huge promotional campaign that begins with the first single’s promo on December 9, 2025.          Pawan’s energetic dance number     Devi Sri Prasad, who has delivered several chartbusters for Pawan Kalyan in the past, is composing the music. Inside buzz suggests that the first song will present Pawan in a stylish, energetic dancing avatar, something fans have been eagerly waiting to witness again on the big screen. The makers reportedly planned the special number to highlight Pawan’s onscreen charisma. The fact that he is shaking a leg after a long time prompted the makers to leave no stone unturned to make the choreography special. The collaboration between Pawan Kalyan and Harish Shankar has already set expectations high, especially after their earlier blockbuster Gabbar Singh (2012). With the shoot wrapped, the film has entered its final phase of post-production. The team exudes confidence about the output and is preparing to announce the official release date soon, adding to the growing excitement.          Pawan’s trademark swag     Ustaad Bhagat Singh is tipped to be a complete entertainer filled with action, humour, and Pawan’s trademark swagger. Sreeleela plays the female lead in this film. Harish Shankar, known for writing punchy dialogues and crafting mass-appeal sequences, is reportedly shaping the film as a celebration of Pawan’s star persona. As anticipation peaks, fans are gearing up for a grand promotional rollout starting with the first single promo. Fans are hoping that the trio - Pawan, Harish and Devi Sri Prasad – will recreate their earlier Gabbar Singh magic.     Also Read: Pawan Kalyan Poses With Ustaad Bhagat Singh Team on The Last Day of Shoot。

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