No Data
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.
On December 19, southbound funds had a net Buy of approximately 14.6 billion HKD: significantly increasing positions in Tencent and TRACKER FUND OF HONG KONG while experiencing Outflow in CNOOC and GCL TECH.
① On the day, the southbound capital transaction was about 67.8 billion Hong Kong dollars. Which stocks are experiencing continuous Inflow? ② TENCENT saw an Inflow of over 1.2 billion Hong Kong dollars. How did the stock price perform?
GCL Technology to Raise HK$1.53 Billion Through Share Placement; Eyes $500 Million Convertible Bond Issue
[Hong Kong Stock Connect] GCL TECH (03800) initially dropped by 6.61%, with a discount of about 17.36% for the placement of up to 1.56 billion new shares.
Jingu Finance News | GCL TECH (03800) was down in early trading, as of the time of writing, falling 6.61% to HKD 1.13, with a trading volume of HKD 0.174 billion.
GCL Technology: Bond offer will launch in January, raising up to US$500 million.
GCL Technology: Bond offer will launch in January, raising up to US$500 million.
No Data
