Xinyi Solar (00968) fell by more than 4%. As of press release, it was down 3.75% to HK$5.39, with a turnover of HK$156 million.
The Zhitong Finance App learned that Xinyi Solar (00968) fell by more than 4%. As of press release, it was down 3.75% to HK$5.39, with a turnover of HK$156 million.
According to the news, BOC International's recent research report pointed out that the rapid removal of photovoltaic glass in March drove prices up 2.9% in April. Coupled with falling 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 will soon ignite a large amount of production capacity, 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. The bank downgraded Xinyi Solar's rating to “neutral.”