交银国际则指出，在严重亏损后行业近期对供给侧改革的呼声高涨，该行预计政府或将出台提高电耗标准等政策，加快行业供给出清和售价回升，并放大颗粒硅的低电耗优势。该行表示，协鑫科技3季度归母净亏损14.92亿元，环比收窄0.20亿元，颗粒硅吨现金成本（含研发费用）3.32万元，在产能利用率降低的情况下仍环比下降0.2万元，技改成效显着。Photovoltaic stocks opened higher across the board. As of the time of publication, Xinte Energy (01799) rose by 14.87%, to 11.74 Hong Kong dollars; GCL Tech (03800) rose by 14.62%, to 1.96 Hong Kong dollars; Xinyi Solar (00968) rose by 10%, to 4.4 Hong Kong dollars; Flat Glass (06865) rose by 9.55%, to 17.2 Hong Kong dollars.
According to the WiseMoney APP, photovoltaic stocks opened higher across the board. As of the time of publication, Xinte Energy (01799) rose by 14.87%, to 11.74 Hong Kong dollars; GCL Tech (03800) rose by 14.62%, to 1.96 Hong Kong dollars; Xinyi Solar (00968) rose by 10%, to 4.4 Hong Kong dollars; Flat Glass (06865) rose by 9.55%, to 17.2 Hong Kong dollars.
On the news front, the China photovoltaic industry association previously stated that bidding below the cost price for photovoltaic components is suspected of being illegal, and disclosed the lowest cost price of 0.68 yuan/W. Huachuang Securities pointed out that on October 22, 2024, the bidding for the photovoltaic component frame agreement for Zhongtian Energy began, with a total quantity of 2.5GW of N-type TOPCon bifacial modules. The average bid price for the project was 0.694 yuan/W, with a quoted range of 0.675 to 0.722 yuan/W. The lowest price was not lower than the association's previously announced lowest bid price, showing some increase compared to the mid-September quotes, indicating the association's initiative is beginning to take effect.
Bocom International, on the other hand, pointed out that following severe losses, there has been a growing call in the industry for supply-side reforms. The bank expects the government to introduce policies such as raising electricity consumption standards to accelerate industry supply clearing and price recovery, amplifying the advantage of low electricity consumption in granular silicon. The bank stated that GCL Tech had a third-quarter net loss attributable to shareholders of 1.492 billion yuan, a decrease of 0.02 billion yuan from the previous quarter. The cash cost per ton of granular silicon (including R&D expenses) was 0.0332 million yuan, and despite a decrease in production capacity utilization, it still decreased by 0.002 million yuan compared to the previous quarter, demonstrating significant technological improvements.