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.
Fuyao Glass Industry Group's (SHSE:600660) Returns Have Hit A Wall
Fuyao Glass Schedules Board Meeting for Financial Results
Fuyao Glass (03606.HK) plans to hold a board of directors meeting on August 6 to approve its mid-year performance.
Fuyao Glass (03606.HK) announced on July 23 that the board of directors will hold a board meeting on August 6, 2024 (Tuesday) to consider and approve (including other matters) the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024.
FUYAO GLASS: DATE OF BOARD MEETING
Husband and wife worked together to start a business, hugging the thigh of Fuyao Glass, and this leading manufacturer of automotive glass components went public.
Facing the risk of product price decline.
Xiao Nan reduced its shareholding in baijiu and increased its stake in Hong Kong stocks. Tencent Holdings is a new addition to its top ten major holdings.
E Fund Consumer Industry Stock Fund, E Fund High Quality Selection Three-Year Hold Hybrid Fund, E Fund Consumer Selective Stocks Fund, and E Fund Ruiheng Hybrid Fund, all managed by E Fund Xiao Nan, have released their Q2 reports. As of the end of Q2, the latest managed scale of Xiao Nan is 36.923 billion yuan. In terms of performance, as of July 17, the year-to-date return of Xiao Nan is 0.56%, and the return over the past six months is 7.03%. According to statistics of the combined positions of all funds under Xiao Nan before Q2, the top ten heavy stock holdings are: Wuliangye Yibin, Kweichow Moutai, Anhui Gujing Distillery, Shanxi Xinghuacun Fen Wine Factory, Midea Group Co., Ltd, Fuyao Glass, and Haier.
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.
Fuyao Glass (03606.HK) received a shareholding of 0.2232 million shares from GIC Private Limited.
According to the latest equity disclosure information from the Stock Exchange. On July 8, 2024, Fuyao Glass (03606.HK) received GIC Private Limited's increase in shareholding of 0.2232 million shares on the market at an average price of HK$45.266 per share, involving approximately HK$10.1034 million. After the increase, GIC Private Limited's latest number of shares is 30.4463 million, and its shareholding ratio has increased from 4.98% to 5.02%.
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;
BOCI International: Maintains a 'buy' rating on Fuyao Glass (03606), with a target price increase to HKD 55.
According to the report released by CCB International, they recommend buying Fuyao Glass (03606) and raise the net income forecast for fiscal year 2024 to 2026 by 3% to 5%. They believe that Fuyao Glass has a better profit outlook than its peers this year and its long-term leading position in the industry will further support its valuation premium. The target price has been raised to HK$55. CCB International expects that Fuyao Glass' automotive glass revenue in the second quarter of this year will maintain a year-on-year growth rate of over 20%. Among them, local market revenue is expected to achieve mid to high teens growth.
Retail Investors Account for 42% of Fuyao Glass Industry Group Co., Ltd.'s (SHSE:600660) Ownership, While Institutions Account for 38%
HK Stocks Surge | Fuyao Glass (03606) up over 3%, improved product structure may drive gross margin increase, major bank raised company's target price.
Fuyao Glass (03606) rose more than 3%. As of press time, it rose by 3.35% to HKD 46.25, with a turnover of HKD 120 million.
DBS: Maintains Fuyao Glass (03606) "in line with the market" rating, target price raised to HKD39.
Daiwa has raised its earnings per share forecast for Fuyao Glass for fiscal years 2024/25 by 3% and 5%, respectively.
Fuyao Glass Industry Group (SHSE:600660) Seems To Use Debt Rather Sparingly
Hong Kong stocks fluctuate: photovoltaic stocks continue to fall, and the manufacturing capacity of the photovoltaic manufacturing industry is in excess. Institutions expect it will take some time to complete the adjustment.
According to the Zhitong Finance APP, photovoltaic stocks continue to decline recently. As of press time, Flat Glass (06865) fell by 3.93% to HKD 12.7, Xinyi Solar (00968) fell by 2.7% to HKD 4.32, Fuyao Glass (03606) fell by 1.16% to HKD 42.65, and Xinte Energy (01797) fell by 0.8% to HKD 8.71. On the news side, Li Chuangjun, director of the New Energy and Renewable Energy Department of China's National Energy Administration, stated at a series of themed press conferences on "promoting high-quality development" held by the State Council Information Office on the 20th that the competition in China's photovoltaic industry is fierce and will
Photovoltaic power stocks are under pressure. Flat glass (06865) fell by 3.93% due to institutional concerns about overcapacity in photovoltaic manufacturing. The industry has entered a winter period.
Photovoltaic solar energy stocks were under pressure, with Sfce (01165) down 6.45%, Flat Glass (06865) down 3.93%, Xinyi Solar (00968) down 2.7%, Gcl Tech (03800) down 2.29%, and Fuyao Glass (03606) down 1.04%. According to a research report from Central China Securities, the financial pressure on companies caused by the oversupply of production capacity, excessive industry competition, product homogenization, and significant price declines in the photovoltaic manufacturing sector has become apparent. The industry has entered a winter period, with capacity clearance underway, but considering the industry adjustment time and the previous round of capital reserves.
What is the future of the deep connection between Kelu Corporation's IPO and Fuyao Glass?
The proportion of new energy product revenue is increasing. On April 11, Zhang Wei of "Investor Net" reported that the China Securities Regulatory Commission approved the registration of Hebei Keli Automotive Equipment Co., Ltd. (hereinafter referred to as "Keli Shares" or "Company") for its initial public offering (IPO). Thus, Keli Shares' IPO process, which lasted for nearly two years, has finally achieved interim results, and the company is getting closer to listing. According to the official website of the Shenzhen Stock Exchange, Keli Shares' application for listing on the Growth Enterprise Market (GEM) was accepted on May 26, 2022, and was approved for deliberation on January 12th, 2023 after two rounds of inquiries. However, it wasn't until a year later, on January 29 of this year, that...
Jibang Consulting: The photovoltaic industry chain continues to reduce production and clear out inventory. The decision of post-SNEC manufacturers' production and scheduling is particularly crucial.
Due to downstream demand falling back and high silicon wafer inventory, coupled with the approach of Q2 financial reporting season, manufacturers face increased pressure to clear inventory, leading to relatively weak bargaining power for silicon wafer prices. It is expected that prices will remain low in the short term, with consolidation at low levels.
SNEC Photovoltaic Exhibition opens, photovoltaic power stocks rise collectively. GCL Tech (03800) rose by 4.48%.
Jingu Finance | SNEC PV Exhibition was held, and photovoltaic power stocks collectively rose. Comtec Solar (00712) rose by 5.92%, GCL New Energy (00451) rose by 4.71%, GCL Technology (03800) rose by 4.48%, Xinyi Energy (03868) rose by 3.54%, Xinyi Glass (00868) rose by 2.8%, Fuyao Glass (03606) rose by 1.35%, Xinte Energy (01799) rose by 1.17%. In terms of news, the 17th (2024) International Solar PV and Smart Energy (Shanghai) Exhibition of SNEC will be held in
No Data