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Breaking the "involutionary" competition! The two major photovoltaic leaders announce "production reduction and control of output."
Tongwei Co.,Ltd's subsidiary Yongxiang Co. and Daqo Energy have a total production capacity of over 1.2 million tons. Analysts expect that this production cut will reach at least 0.8 million tons, leading to a significant decline in silicon material output from December to January. Despite the production cut being initiated, the current Industry still faces considerable inventory pressure.
The photovoltaic Industry is currently undergoing a "de-involution"! Tongwei Co.,Ltd and Daqo Energy have both announced production cuts and maintenance.
① Both Tongwei Co.,Ltd and Daqo Energy are signatories of the photovoltaic industry self-discipline agreement. According to the self-discipline agreement, photovoltaic companies will begin to manage production capacity starting next month (January 2025). ② Analysts believe that adjusting the overall industry capacity utilization rate to the Range of 50%-60% can basically match the demand for polysilicon in 2025, preliminarily achieving a supply-demand balance.
SFSY ENERGY (00750.HK) has entered into an investment agreement with CHINA CINDA.
SFSY ENERGY (00750.HK) announced that on December 16, 2024, CHINA CINDA and HING YIP HLDGS (a wholly-owned subsidiary of the company) entered into an investment agreement, under which the parties have agreed to conduct a sale, restructuring, and capital assumption. Through the sale (as further investment made by CHINA CINDA into the group), CHINA CINDA will indirectly acquire 40.05% of the 48% equity stake in SFSY CLEAN ENERGY that the group will inject into the investment company (which amounts to a 19.2% actual interest).
Express News | China Shuifa Singyes Energy-Capital Commitments of RMB158.3 Mln & RMB63.3 Mln in Xinxing New Energy (Guangdong) Investment Co by Unit & China Cinda
Express News | China Shuifa Singyes Energy - China Cinda to Indirectly Acquire 40.05% of 48% of Stake in Shuifa Clean Energy
SFSY ENERGY (00750): Has been appointed as the auditor.
SFSY ENERGY (00750) released an announcement that PricewaterhouseCoopers has resigned as the company's auditor, effective from 20...
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