The Zhitong Finance App learned that Jinyang New Energy (01121) continued to rise by more than 6% and surged 64% over 5 trading days. As of press release, it had risen 6.44% to HK$6.28, with a turnover of HK$8.7 million.
According to reports, Jinyang New Energy issued an announcement in September last year. In that month, it successfully built the first production line for next-generation heterojunction back contact (HBC) batteries. The company announced in December last year that the first batch of consumer photovoltaic products based on the Group's heterogeneous junction back contact (HBC) flexible modules, photovoltaic awnings and camping components for motorhomes will be shipped to customers in the European, Australian and Japanese markets within the same month.
In response to the investment opportunities brought about by the industrialization of the xBC process, Guojin Securities believes that it is currently mainly focused on two directions: first, battery laser equipment manufacturers that are more widely used and have higher value in the XBC production process than before, and component-side related equipment manufacturers that have undergone major changes; the other is leading component and battery manufacturers with leading production capacity layout in the xBC process and are progressing rapidly in industrialization.