00438 IRICO NEWENERGY
- 2.600
- +0.080+3.17%
IRICO NEWENERGY News
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.
Is the "difficult days" of the photovoltaic industry over? Two major silicon wafer leaders announced price increases on the same day | Industry News
① Longi Green Energy and TCL Zhonghuan Renewable Energy Technology announced on the same day that the prices of their silicon wafer products have been raised. After the adjustment, the prices of the two industry leaders' products remain essentially the same. ② The actual transactions of the latest prices are still to be observed. Industry analysis believes that the current capacity clearance has not yet ended, and there is still a possibility of low-price grabbing in the future.
Guosheng Securities: Domestic photovoltaic demand hits bottom and rebounds, targeting high premium markets in the Middle East and overseas
Growth remains an important support factor in this round of the photovoltaic downturn cycle.
Two departments: The investment scale of energy-intensive equipment in key areas is expected to increase by more than 25% from 2023 to 2027.
By 2027, the investment scale of equipment in key areas of energy will increase by more than 25% compared to 2023. The key focus is on promoting the implementation of energy-saving transformation, heating transformation, and flexibility transformation of coal-fired power plants. Transmission and distribution, wind power, solar power, hydropower and other areas will achieve equipment renewal and technological transformation.
Under pressure from the photovoltaic sector, Xinyi Solar (00968) fell 4%. Institutions predict that the photovoltaic sector may have entered the final stage of a downward cycle.
As of press time, the photovoltaic sector is under pressure, with Xinyi Solar (00968) falling 4%, GCL New Energy (00451) falling 3.08%, Irico Newenergy (00438) falling 2.17%, SDHS New Energy (01250) falling 1.89%, Concord NE (00182) falling 1.69%, and Xinyi Energy (03868) falling 1.25%. Huaan Securities released research reports stating that the photovoltaic sector is expected to enter the final stage of this round of downturn cycle in 2H 2024. Currently, the marginal bearish is not increasing and the potential bullish is gradually accumulating, it is not too pessimistic about the bottom of the sector.
Huaan securities: the extreme interpretation of the photovoltaic "cyclical property", or has entered the last stage of the downward cycle.
Currently, the photovoltaic sector is more focused on the stabilization and rebound of β. Production, demand, clearance, and price exploration for future market stimulation points. Subsequent positive factors will gradually accumulate in the sector.
Irico NewEnergy (00438.HK) will hold a board of directors meeting on August 28 to approve the interim performance.
Irico Newenergy (00438.HK) announced on August 16 that the board of directors will hold a meeting on August 28, 2024 to approve the mid-term performance of the company and its subsidiaries for the six months ending on June 30, 2024, issue its announcement, and consider interim dividends (if any).
IRICO NEWENERGY: NOTIFICATION OF BOARD MEETING
CSC: Low-carbon transformation of coal-fired power plants increases demand for green hydrogen, focus on electrolyzer going offshore industry chain benefits symbol.
CSC released a research report stating that in July, a low-carbon action plan that includes adding ammonia to fuel was implemented, which will contribute to the demand for green hydrogen starting in 2025.
Thailand To Become Second In Southeast Asia To Tax Carbon Emissions
Sinolink Securities: 'Destructive' innovation is the only way to break the current homogenization and internal loop of batteries and components.
In the context of severe product homogenization, differentiated products with significant cost-effectiveness advantages are almost the only way to break through the "crowding-out". By 2024, HJT and xBC technology industrialization have made rapid progress and are expected to lead the next cycle of battery technology iteration.
State Development and Reform Commission: By 2025, the first batch of coal-fired power low-carbon renovation and construction projects will all start, and a batch of coal-fired low-carbon power generation technologies will be transformed and applied.
Officials of the National Development and Reform Commission answered questions from reporters regarding the "Action Plan for Low-Carbon Transformation and Construction of Coal-fired Power Plants (2024-2027)."
HK Stocks Concept Tracking | Multiple photovoltaic giants win bilion-dollar orders in Saudi Arabia! Increased demand for photovoltaics in the Middle East brings new opportunities for going global (concept stocks attached).
Recently, several photovoltaic giants have announced the establishment of joint ventures with Saudi Arabia to invest in photovoltaics and energy storage projects. As of now, the total order amount has reached hundreds of billions of yuan.
Irico Newenergy (00438.HK) announced its half-year revenue is expected to increase by approximately 51% to 59%.
On July 12th, Gelunhui reported that in the first half of 2024, the competition in the photovoltaic glass industry was fierce, but the group effectively improved its competitiveness through technological innovation, product upgrades, cost reductions, and efficiency improvements. The group is expected to achieve a revenue of approximately RMB 1.95 billion to 2.05 billion for the six months ending June 30, 2024, which is an increase of approximately 51% to 59% compared to the revenue of RMB 1.288 billion in the first half of 2023. In the first half of 2024, the group's total profit is expected to be approximately RMB 10 million to 18 million.
Express News | IRICO Group New Energy Sees Total Profit for 1H 2024 RMB10 Mln to RMB18 Mln
Express News | IRICO Group New Energy Sees Operating Revenue of RMB1,950 Mln to RMB2,050 Mln for Six Months
IRICO NEWENERGY: POSITIVE PROFIT ALERT
Everbright Securities: Soliciting opinions on the Revision of Normative Conditions for the Photovoltaic Manufacturing Industry, Guiding Technological Progress and Standardized Development of the Photovoltaic Industry.
The purpose of this revision is to further guide photovoltaic enterprises to reduce investment in photovoltaic manufacturing projects that simply expand production capacity, while further enhancing the requirements for project process technology and energy consumption management;
Hong Kong stocks abnormal | PV stocks rose in early trading, Flat Glass (06865) rose more than 4%. The Ministry of Industry and Information Technology guides PV companies to reduce PV manufacturing projects that simply expand production capacity.
According to the Smart Finance app, photovoltaic stocks rose in early trading. As of press time, Flat Glass (06865) rose by 4.98%, reporting HKD 10.96; IRICO Newenergy (00438) rose by 3.45%, reporting HKD 3.30; Xinyi Solar (00968) rose by 3.18%, reporting HKD 3.57; Xinyi Glass (01799) rose by 2.05%, reporting HKD 8.45. On July 9th, the Ministry of Industry and Information Technology publicly solicited opinions on the "Normative Conditions for the Photovoltaic Manufacturing Industry (2024)" and the "Administrative Measures for the Announcement and Management of Photovoltaic Manufacturing Industry Standards (2024)" (draft for comments).
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