00712 COMTEC SOLAR
- 0.070
- +0.004+6.06%
COMTEC SOLAR News
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.
Comtec Solar's Debt Resolution Progresses
Comtec Solar (00712): Withdrawal of liquidation application
Comtec Solar (00712) announced that regarding (including) the liquidation application previously submitted to the company...
Express News | Comtec Solar Systems - High Court of Hong Kong Ordered, Among Other Things, Petition Be Withdrawn
Express News | Comtec Solar Systems Group Ltd - Update on Withdrawal of Winding-up Petition
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.
Comtec Solar (00712) fell 58.70%, now at 0.062 yuan, hitting a new 52-week low.
As of 11:23, Comtec Solar (00712) fell 58.70% compared to the previous closing price, now at 0.062 yuan, hitting a 52-week low; the volume was 0.0175 million shares, with a turnover of 0.0011 million Hong Kong dollars.
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.
COMTEC SOLAR: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
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.
Comtec Solar Systems Group Expects to Swing to Loss in H1
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.
Comtec Solar (00712.HK) Profit Warning: Expected loss of 20 million yuan to 30 million yuan for the mid-term.
Glorywind August 23rd | Comtec Solar (00712.HK) announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2024, and the information currently available, the Group is expected to record a unaudited loss of RMB 20 million to RMB 30 million during the period, compared to an unaudited profit of approximately RMB 48.7 million in the same period last year. The loss is mainly due to the absence of a one-time net profit of approximately RMB 68 million recorded in the previous period for the sale of shanghai investment property. This income is mainly generated from previous years' trades.
Analysis
Price Target
No Data
No Data