Solar stocks gained in early trading. As of press time, Xinyi Solar (00968) rose 3.02% to HK$3.41; Fuyao Glass (03606) increased 2.65% to HK$71.75; GCL NewEnergy (00451) climbed 2.63% to HK$0.78; Xinte Energy (01799) advanced 1.54% to HK$7.89.

On the news front, market sources reported on September 1 that polysilicon industry restructuring will proceed as expected. Company executives revealed that more information will be announced soon, though it remains uncertain whether the restructuring reforms can be implemented within this year.

According to SMM data, leading domestic polysilicon companies have recently raised their quotations. On September 2, the average quotation for N-type polysilicon feedstock reached 51,100 yuan per ton.

Zhang Haiduan, analyst at YiDe Futures, noted that by late August, some ingot pulling companies showed positive attitudes toward silicon material procurement. With reduced low-priced supply and significantly declining manufacturer inventories, silicon material quotations are expected to rise further.

CICC pointed out that "anti-involution" expectations have not been fully reflected, expressing optimism about future sector opportunities. The market widely expects September to be a crucial milestone for implementing anti-involution measures in the solar sector. Observing overall solar sector performance, since the heated discussions about "anti-involution" in July, the solar index has not shown significant outperformance compared to broader Shanghai and Shenzhen indices. Therefore, if subsequent policies are implemented, sector stocks still have considerable upside potential.