Xinte Energy (01799) is now down more than 4%. As of press release, it is down 4.1% to HK$9.12, with a turnover of HK$5.6988 million.
The Zhitong Finance App learned that Xinte Energy (01799) has now fallen by more than 4%. As of press release, it is down 4.1% to HK$9.12, with a turnover of HK$5.6988 million.
According to the news, on April 17, data released by the Silicon Industry Branch showed that silicon prices continued to decline during the week. The transaction price range for P-type dense materials was 43,000 to 49,000 yuan/ton, and the average price was 45,900 yuan/ton, down 5.75% from the previous month. Compared with the average price of 60,000 yuan/ton a month ago, the average price has now declined by 23.5%. According to reports, the price of silicon has already broken through the cost prices of second-tier manufacturers, and is even close to the production costs of leading manufacturers. Analysts said that judging from the continued decline in silicon prices in the first quarter, the results of silicon companies in the first quarter may not be optimistic.
Furthermore, Xinte Energy's IPO process has faced many difficulties. Since the official announcement of matter A in January 2021, Xinte Energy's IPO process has not been successfully completed. Although its A-share IPO materials have been officially accepted by the Shanghai Stock Exchange, Xinte Energy's path back to A has not been easy due to factors such as performance risks and the tightening of the IPO policy. Many industry insiders believe that in the current context of the tightening of the IPO policy and excessive performance risks, it is not easy for Xinte Energy to successfully return to A.