Xinte Energy (01799) fell more than 5%, falling more than 20% during the month. As of press release, it decreased by 5.28% to HK$8.26, with a turnover of HK$11.6863 million.
The Zhitong Finance App learned that Xinte Energy (01799) fell by more than 5% and fell by more than 20% during the month. As of press release, it decreased by 5.28% to HK$8.26, with a turnover of HK$11.6863 million.
According to the news, since entering April, silicon prices have begun a continuous downward pattern. According to the latest disclosed data released by the Silicon Industry Branch of the China Nonferrous Metals Industry Association on the evening of the 17th, silicon prices have continued to drop in the last week. Among them, the transaction price range for N-type rod-shaped silicon was 50,000 yuan/ton to 54,000 yuan/ton, and the average transaction price was 52,500 yuan/ton, down 10.41% from the previous month. The Silicon Industry Branch believes that silicon companies will maintain high inventory operations for some time to come, and prices are unlikely to be repaired before large-scale production stops.
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.