Recently, a number of leading companies in the photovoltaic industry disclosed their February research minutes. The reporter noticed that investors generally paid attention to the potential impact of the domestic electricity market reform policy on subsequent market demand. JinkoSolar said that with the steady progress of the industry's supply-side reform and the recovery of demand after the Spring Festival, coupled with the expectation of rush installation in the first half of the year due to the electricity market reform, the price of components in the domestic market has risen slightly. The company believes that in the short term, the new and old separation policy may stimulate some photovoltaic projects to rush to install in advance; in the medium and long term, it will promote the transformation of the power system to an efficient, low-carbon and flexible direction, give rise to spontaneous energy storage demand, and promote the high-quality development of the photovoltaic industry. Longi Green Energy said that due to the impact of the domestic new energy power market entry policy, it is expected that there may be a certain rush to install in the second quarter of 2025. At present, the domestic distributed market has gradually started to increase in volume, driving the price of distributed components to rise moderately, and other links have also been adjusted to varying degrees due to the influence of terminal demand. Regarding the changes in the prices of the subsequent industrial chain, we still need to pay attention to the changes in the relationship between industry output and demand.