Xinyi Solar (00968) is now down more than 5%. As of press release, it is down 5.16% to HK$6.07, with a turnover of HK$57.129 million.
The Zhitong Finance App learned that Xinyi Solar (00968) has now fallen by more than 5%. As of press release, it is down 5.16% to HK$6.07, with a turnover of HK$57.129 million.
According to the news, BOC International released a research report saying that Xinyi Solar ignited a 2x1,000 ton photovoltaic glass production line in Wuhu in March, slightly earlier than expected, and the bank is expected to achieve the aggressive goal of 35% increase in melting volume throughout the year.
According to the bank, the rapid removal of photovoltaic glass in March drove the price increase 2.9% in April. Coupled with the drop in raw fuel prices, the industry's profit margin clearly rebounded. However, the bank believes that the industry currently has a large amount of production capacity under construction, and a large amount of production capacity will soon ignite, but it is unlikely that demand will continue to rise sharply at a high base, so the industry will once again be oversupplied in the second half of the year, especially in the fourth quarter.