00438 IRICO NEWENERGY
- 2.670
- -0.310-10.40%
IRICO NEWENERGY News
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).
MIIT: Guide photovoltaic enterprises to reduce photovoltaic manufacturing projects that simply expand production capacity.
On July 9th, the Ministry of Industry and Information Technology solicited opinions on the draft of the "Normative Conditions for the Photovoltaic Manufacturing Industry (2024 Edition)" and the "Regulations for the Management of Announcement of Norms for the Photovoltaic Manufacturing Industry (2024 Edition)".
Hong Kong stocks fluctuate | Photovoltaic stocks continue to fall, with industry chain prices shaking at the bottom, and photovoltaic products going abroad may be hindered.
As of press time, photovoltaic stocks continued to decline. Rainbow New Energy (00438) fell by 4.76% to HKD 3.2; Xinyi Solar (00968) fell by 3.07% to HKD 3.47; Xinte Energy (01799) fell by 2.63% to HKD 7.79.
Hong Kong Stock Market Highlights: Most photovoltaic stocks fall, with short-term pressure on main industry chain profits and accelerating elimination of inefficient production capacity in the industry.
Most photovoltaic stocks fell, as of press time, Irico Newenergy (00438) fell 3.72%, closing at HKD 3.36; Flat Glass (06865) fell 3.33%, closing at HKD 10.46; Xinyi Solar (00968) fell 3%, closing at HKD 3.56.
According to Jibang Consulting, the domestic penetration rate of N-type components reached 84% in the first half of the year, an increase of 24% compared to the previous period.
According to the TrendForce Greater China Photovoltaic Industry Bidding Database, the domestic component procurement bidding volume in the first half of 2024 is about 108GW.
Energy giants are selling non-core assets, and refineries have become a favorite of csi commodity equity index traders.
Cash-rich commodity traders are acquiring refineries that energy giants are gradually abandoning.
Venture-Capital Investments In Carbon Tech Reached A Record Last Year -- Market Talk
HK stocks are fluctuating. PV stocks continue to decline due to overcapacity in the industry, dragging down the prices of main materials. Prices in multiple segments have fallen below the cash cost.
Zhixing Finance APP learned that photovoltaic stocks continued to slump. As of press time, Xinyi Solar (00968) fell 6.11%, at HKD 3.69; Irico Newenergy (00438) fell 5.45%, at HKD 3.12; Flat Glass (06865) fell 5.39%, at HKD 10.88; Xinyi Glass (00868) fell 2.34%, at HKD 8.36. Central China Securities pointed out that affected by overcapacity in the industry, the prices of photovoltaic main materials have dropped sharply, and the prices of multiple links have fallen below the cash cost. Photovoltaic companies have continuously laid off employees, closed production lines, and reduced operating rates. The industry has entered a phase of capacity reduction.
HK Stocks Move | Flat glass (06865) fell nearly 5%, leading the decline in photovoltaic stocks. Overcapacity in the photovoltaic manufacturing sector led to a downgrade of industry leaders by Daiwa.
Photovoltaic stocks fell across the board in early trading. As of press time, Flat Glass (06865) fell 4.86% to HKD 12.14; Irico Newenergy (00438) fell 3.02% to HKD 3.21; Xinyi Solar (00968) fell 2.86% to HKD 4.08; Triumph New En (01108) fell 1.8% to HKD 4.37.
Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?
The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.
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