No Data
XINTE ENERGY (01799.HK): Kong Ying resigned as Executive Director.
Glory Financial reported on March 16 that XINTE ENERGY (01799.HK) announced that Kong Ying has resigned from his positions as executive director, member of the Board of Directors' nomination committee, and deputy general manager for personal career development reasons, effective from March 14, 2025.
Express News | Xinte Energy Says Kong Ying Resigned as an Executive Director Due to Personal Career Development, Effect From 14 March
Hong Kong stocks are active | Solar power stocks generally decline, FLAT GLASS (06865) falls nearly 6%, leading to serious losses for solar manufacturers due to intense competition in the Industry.
Photovoltaic stocks generally fell. As of the time of writing, FLAT GLASS (06865) dropped by 5.72%, trading at 11.86 HKD; XINTE ENERGY (01799) fell by 5.41%, trading at 5.95 HKD; XINYI SOLAR (00968) decreased by 4.48%, trading at 3.2 HKD.
[Hong Kong Stock Connect] BOCOM INTL maintains a Buy rating on XINTE ENERGY (01799). The expected removal from the Hong Kong Stock Connect will lead to short-term pressure on the stock price.
Golden Financial News | BOCOM INTL released a research report indicating that to secure the capital needed for the construction of the 3GW New energy project in Zhundong and the project's absorption, the controlling shareholder of XINTE ENERGY (01799), TBEA Co., Ltd., acquired a 25% stake in the project company held by XINTE for 0.09 billion yuan and injected 0.6 billion yuan into it. The bank believes that the strong financial support from the controlling shareholder will help the company weather the bottom of the cycle. The company previously estimated a loss of 3.8-4.1 billion yuan in 2024, exceeding the bank's original expectations, mainly due to the recognition of an impairment of 2.149 billion yuan at the end of the period. The average selling price of Polysilicon for the company last year fell by about 60% year-on-year to about 0.038 million yuan/ton, lower than.
Guosheng Securities: Downgraded XINTE ENERGY (01799) to "Hold" rating with a Target Price of 7.5 Hong Kong dollars.
The bank stated that the price of silicon materials has recently seen a slight increase, and prices are expected to rise slightly due to short-term demand. It is recommended to closely monitor the recent production schedules and inventory levels of manufacturers.
Brokerage morning meeting highlights: The Agent application is expected to enter its first year of significant growth in 2025.
At today's Brokerage morning meeting, HTSC proposed that Agent applications are expected to enter a period of significant volume in 2025; Tianfeng stated that in the field of AI Medical, attention should be given to directions related to high-quality data, scarce application scenarios, and multimodal integrated data; Silver Securities believes that the demand for green electricity is expected to see stronger catalysts in 2025.
