9月3日，索比光伏网发布消息称，近日，十大光伏玻璃生产厂商召开紧急会议，并达成一致协议，决定自即日起实施封炉减产计划，减产幅度高达30%。报道中还提到，“据行业内部人士透露，此次减产行动由行业龙头信义光能与福莱特共同倡议发起。”①There are market rumors that xinyi solar and the flat glass group, along with ten major photovoltaic glass factories, jointly reduced production by 30%. Chairman Ruan Hongliang of the flat glass group denied the joint production cut, emphasizing that it was an individual business decision; ② The reduction in production by major factories did not boost demand, with the company stating that downstream customers' purchasing intentions remained stable compared to the previous period; ③ The price reduction of photovoltaic glass has raised concerns among investors about the company's performance in the second half of the year.
On September 4th, Cailian Press (Reporter Luo Yichen) recently, the news that "xinyi solar (00968.HK) and the flat glass group (601865.SH) and ten other major photovoltaic glass factories unanimously negotiated a 30% production cut" was leaked, attracting market attention. In response, Chairman Ruan Hongliang of the flat glass group made a statement at today's earnings conference.
"Our company has reduced production based on its own situation and market fluctuations, and the company did not participate in the joint production cut. In addition, the price of photovoltaic glass is influenced by various factors such as cost fluctuations, downstream market conditions, and supply and demand." Ruan Hongliang expressed.
On September 3rd, Sobre Photovoltaic Network released news stating that recently, the ten largest photovoltaic glass manufacturers held an emergency meeting and reached a unanimous agreement to implement a furnace sealing production cut plan, with a reduction rate as high as 30%. The report also mentioned, "According to industry insiders, the production cut initiative this time was jointly proposed by industry leaders xinyi solar and the flat glass group."
However, the production cut news did not significantly boost demand. Ruan Hongliang admitted during the conference that the purchasing intention of downstream customers is stable compared to July and August. It is reported that although the supply of photovoltaic glass has been shrinking this year, there has been no apparent recovery in demand, leading many analysts to adopt a cautious attitude towards the impact of this collective production cut by major factories.
Analyst Wang Shuai from Zhuochuang Information told Cailian Press reporters that currently, downstream module manufacturers have not reacted strongly to the news of photovoltaic glass production cuts. "Module production has not seen a significant increase. Module manufacturers are clear that glass inventory remains high and are still primarily purchasing on demand. There is also a mentality of price pressure, and in the short term, there is no sign of a turning point for glass."
In the first half of this year, with narrowing profits, the production capacity of photovoltaic glass has been rapidly reduced. By the end of June, the industry's cold repair capacity has exceeded 0.01 million tons, and many new projects have been terminated or postponed. However, the continued contraction in supply has not stopped prices from declining. Since May this year, the price of photovoltaic glass has continued to fall, significantly increasing the pressure on the performance of listed companies in the industry in the second half of the year.
The downward trend in the price of photovoltaic glass has also led to concerns among investors about the flat glass group's performance in the second half of the year. Some investors inquired during the earnings conference, "Can the company maintain the profit level of the first half of the year for photovoltaic glass in the second half?" The management of the flat glass group did not give a clear response but instead redirected the topic to production reduction measures, stating, "In the situation of ample industry capacity, our company will reduce capacity supply based on its own situation and market environment."