Central China Securities Co.Ltd(601375) research report pointed out that the annual report and the first quarter report were released at the end of April, and the impact of short-term performance on the company’s share price was weakened. During the year, the photovoltaic sector focused on technological changes, silicon material supply and demand, changes in the price of the industrial chain and changes in China’s external installed capacity demand. The short-term sector valuation returns to the low position, and it is expected that the follow-up will follow the market to grind the bottom. Investors should actively pay attention to the reasonable valuation of photovoltaic equipment and materials integration plant.