Hong Kong Stock Concept Tracking | Encouraging mergers and restructuring in the PV industry, PV sector valuation repair can be expected (with concept stocks)

On May 21, according to the CPIA official account of the China Photovoltaic Industry Association, the China Photovoltaic Industry Association recently organized a “Symposium on High Quality Development of the PV Industry” in Beijing. The conference pointed out that the crackdown on vicious competition in below-cost sales should be strengthened; industry mergers and restructuring should be encouraged, and market exit mechanisms should be unblocked. Since this year, product prices in all parts of the photovoltaic industry chain have declined across the board. According to data released by the Silicon Industry Branch of the China Nonferrous Metals Industry Association on May 15, the current price of polysilicon has surpassed the cash costs of all production companies. In the first quarter of this year, the performance of a number of leading photovoltaic listed companies was under pressure. Two or three Sunlight

Zhitong FinanceMay 22 01:45 ET

Changes in Hong Kong stocks | GCL Technology (03800) rises more than 6%, leading the way in photovoltaic stocks, the PV Industry Association proposes to strengthen the crackdown on vicious competition and encourage industry mergers and restructuring

PV stocks generally rose in early trading. As of press release, GCL Technology (03800) rose 5.26% to HK$1.4; Xinyi Glass (00868) rose 2.94% to HK$10.14; GCL New Energy (00451) rose 2.35% to HK$0.435; and Xinyi Solar (00968) rose 2.33% to HK$5.26.

Zhitong FinanceMay 21 21:49 ET

GCL Technology (03800.HK) cancelled 18.112 million shares to repurchase shares on May 20

Gelonghui May 20 丨 GCL Technology (03800.HK) issued an announcement to cancel 18.112 million repurchased shares on May 20, 2024.

Gelonghui FinanceMay 20 04:55 ET

The photovoltaic solar sector is under pressure, Xinyi Solar (00968) fell 10.3%, and the US immediately resumed 14.25% tariffs on imported double-sided solar panels

Jinwu Financial News | The photovoltaic solar sector was under pressure. Xinyi Solar (00968) fell 10.3%, Follett Glass (06865) fell 8.22%, GCL Technology (03800) fell 2.88%, Fuyao Glass (03606) fell 2.62%, and Xinte Energy (01799) fell 0.22%. The US government took action to protect US clean energy manufacturers and increase employment, and announced the immediate cancellation of the 14.25% import tariff exemption for bifacial solar panels. Also, the US government confirmed that Chinese manufacturers are circumventing themselves by assembling solar modules in Cambodia, Malaysia, Thailand and Vietnam

金吾財訊May 16 21:39 ET

Silicon Industry Branch: Polysilicon prices fall below costs and supply is expected to shrink

The Silicon Industry Branch issued an article stating that the current price of polysilicon has broken through the cash costs of all production companies, and silicon manufacturers are facing a situation where they lose money when sold.

Zhitong FinanceMay 15 09:13 ET

GCL Technology (03800) achieved a steady rise in the quality of granular silicon with revenue of about 5.47 billion yuan in the first quarter

GCL Technology (03800) announced its results for the first quarter of 2024. The company's unaudited owners should account for approximately human profits...

Zhitong FinanceMay 10 10:35 ET