Hong Kong stock concept tracking | Before the National Day holiday, the prices of the photovoltaic industry chain remained stable, and after sufficient industry chain adjustments, the bottom was formed for an upward trend (including concept stocks).
Photovoltaic supply-demand imbalance, effective clearance signals are expected to appear in the first half of 2025.
HK Stocks Update: Photovoltaic stocks rose in the afternoon, with a significant growth in new energy installations in the first 8 months. Institutions stated that new energy project development directly benefits from interest rate cuts.
Photovoltaic stocks rose in the afternoon, as of the deadline for submission, irico newenergy (00438) rose by 10.2% to HKD 2.7; xinte energy (01799) rose by 7.94% to HKD 6.93; flat glass (06865) rose by 6.91% to HKD 9.75; xinyi solar (00968) rose by 6.53% to HKD 3.1; gcl tech (03800) rose by 4.85% to HKD 1.08.
Nukes Flayed as Solar Boost Seized to Spruik Renewables
National Energy Administration: By the end of August, the national cumulative installed capacity of electricity generation increased by 14.0% year-on-year.
As of the end of August, the national cumulative installed electricity generation capacity is about 3.13 billion kilowatts, an increase of 14.0% year-on-year. Among them, cecep solar energy installed capacity is about 0.75 billion kilowatts, an increase of 48.8% year-on-year; wind power installed capacity is about 0.47 billion kilowatts, an increase of 19.9% year-on-year.
Express News | IRICO Group New Energy H1 Operating Revenue RMB 2,039.05 Million
Express News | IRICO Group New Energy H1 Capex RMB 229.56 Million
IRICO NEWENERGY: 2024 INTERIM REPORT
Sinolink Securities: The change in the direction of the US presidential election resonates with the impending interest rate cuts, which is expected to drive the recovery of the new energy sector.
The shift in the direction of the US election may gradually become a less divisive and conflicting area in the party agendas regarding the attitude towards the energy industry.
How will the usa's decision to impose tariffs on China's new energy industry affect? The plan was announced as early as May, and the market has long anticipated it.
①The plan to impose additional taxes on new energy imports from China by the USA was announced as early as May, and the market has already anticipated it; ② The tariff war cannot solve the problem of the loss of the real economy in the USA, and the USA is not the main destination for Chinese electric vehicle companies to expand overseas.
The market style continues to switch! The new energy fund track collectively revitalizes, paying close attention to the short-term speculation and taking the lead in breaking through the theme direction.
Track the entire lifecycle of the main sector.
20 companies participated! Photovoltaic leader predicts that the bottom has been reached. Three major directions of lithium battery companies are being watched closely. | Directly hit the earnings conference of the Star New Energy Fund.
① In the photovoltaic industry, leading companies mentioned that the bottom of the industry has been reached, but the turning point still needs time. Many leading companies have disclosed tax incentives for building factories in the USA. ② In the lithium battery industry, solid state batteries, consumer batteries, and overseas markets have become breakthrough points for companies. ③ Enterprise capacity and capacity utilization are of concern. Many companies mentioned that capacity utilization will increase.
CINNO Research: In the first half of the year, China's new energy industry investment reached 2.1 trillion yuan, a 57% year-on-year decrease.
According to the statistics from CINNO Research, the total investment in China's (including Taiwan) new energy projects from January to June 2024 reached 2.1 trillion RMB, a decrease of 57.1% compared to the same period last year.
Minsheng Securities: The overall performance of the electric new sector is under pressure. Pay attention to investment opportunities from the dual perspective of supply and demand.
The photovoltaic sector achieved a total revenue of 551.355 billion yuan in 24H1, a year-on-year decrease of 18.30%; the net income attributable to the mother was 3.216 billion yuan, a year-on-year decrease of 95.49%, and the decrease in profit was mainly due to the fact that the main chain enterprises were basically in a loss state.
The cooperation between photovoltaic glass enterprises to reduce production has attracted attention. Industry insiders believe that the short-term impact is limited and there is significant mismatch between supply and demand in the industry.
① The glass industry is currently in a phase of full industry loss of cost, and it continues to approach the cash cost line of full industry loss; ② Insiders in the industry have mentioned that a 30% reduction in photovoltaic glass capacity still meets the demand for module production, and the strong negotiation power of module manufacturers limits the production cost of photovoltaic modules; ③ The adjustment of leading photovoltaic glass companies is a good demonstration for leading photovoltaic companies.
Morgan Stanley Fund: Leading silicon wafer jointly raises prices, is the "good days" of photovoltaics coming?
morgan stanley fund stated that, at present, the price of the photovoltaic industry chain is at the bottom position. In the future, overseas markets may enter an interest rate-cutting cycle, with interest rates expected to decline. The increase in photovoltaic project returns may stimulate demand beyond expectations.
Under the low supply and downstream price increase, the silicon material prices have risen across the board this week, but the upward trend may be difficult to sustain.
1. Although silicon material products have shown signs of recovery, their production has reached a new low in this stage, and the overall volume of contracts this week is relatively average. 2. Currently, polysilicon companies have a relatively consistent expectation of price increases, leading to a general increase in quotes for downstream and spot market. However, the trading volume this week is limited, resulting in only a slight increase in the market average price. 3. Several analysts have indicated that the increase in silicon material prices is limited and difficult to sustain, and prices will hover at the bottom in the future.
The "Green" Electricity Revolution Is Well on Its Way
China Photovoltaic Industry Association organized a "Photovoltaic Power Station Construction Bidding Price Mechanism Seminar".
① The meeting proposed to jointly optimize the bidding mechanism for the construction of photovoltaic power stations by upstream and downstream companies. ② After discussion, the meeting unanimously believed that the current industry-wide loss situation is not conducive to the sustainable and healthy development of the photovoltaic industry, and unreasonably low prices are also detrimental to downstream power plant owners in ensuring product quality and delivery.
IRICO NEWENERGY: 2024 INTERIM RESULTS ANNOUNCEMENT
Will the anti-job burnout of photovoltaics be further advanced? The leading silicon wafer companies are jointly raising prices, but the return of production capacity may limit the subsequent rise | Focus
① Daquan Energy, Tongwei Co., Ltd., Gansu Jingang Solar and other companies responded; ② Lu Jinbiao, the Secretary-General of the SEMI China Photovoltaic Standards Committee, said that after adjusting the load and reducing supply to promote a rebound in prices, there will be a phenomenon of capacity rework, limiting further price recovery.
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