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Photovoltaic Power stocks have stabilized after falling, GCL TECH (03800) rose by 3.39%, and Institutions believe the Industry is expected to welcome a recovery in fundamentals.
Jinwu Finance | Photovoltaic Power stocks have stabilized after a decline. As of the time of publication, GCL TECH (03800) is up 3.39%, FLAT GLASS (06865) is up 3.10%, XINYI ENERGY (03868) is up 2.63%, XINYI SOLAR (00968) is up 1.89%, and XINTE ENERGY (01799) is up 1.39%. In the news, CICC issued a Research Report indicating that the photovoltaic Industry, as a globally leading advantageous sector in China, is expected to see a reversal of fundamental difficulties by 2025 under the background of the dual carbon goals and the combined effects of market laws and industry self-discipline.
[Brokerage Focus] CITIC SEC indicates that the growth rate of distributed photovoltaics may slow down, and new scenarios and demands such as power forecasting are expected to be released.
Jinwu Financial News | CITIC SEC stated that in order to alleviate the increasingly severe network consumption contradictions of distributed photovoltaic, and to promote healthy and sustainable development of the Industry, the National Energy Administration recently revised and issued the "Management Measures for the Development and Construction of Distributed Photovoltaic Power Generation," which sets out regulations on the overall planning, filing management, construction management, grid access, and running management of distributed photovoltaic. The institution pointed out that the growth rate of distributed photovoltaic may slow down, and a moderate contraction in New energy Fund supply is beneficial for improving the overall supply and demand situation and consumption conditions of the Industry; the trend of expanding New energy Fund installation capacity continues, the demand for electric power system regulation is increasing, and high-quality power sources with regulation capabilities such as hydropow
【Brokerage Focus】CITIC SEC indicates that the photovoltaic supply side is expected to gradually restructure in the second half of 2025.
Jinwu Financial News | CITIC SEC stated that in the context of the photovoltaic Industry Chain having bottomed out in terms of volume, price, and profit, the demand side is expected to gradually recover and grow steadily. The supply side, through administrative constraints, self-discipline production limits, and market clearing measures, is also expected to benefit from potential reform policies being implemented, and the Industry is anticipated to welcome a fundamental recovery. In the short term, the bank expects that with the peak season approaching at the end of Q1 2025, the volume and profit of the Industry Chain are likely to start a rebound trend; in the medium term, as outdated production capacity accelerates substantial clearance, the photovoltaic supply side is expected to gradually restructure in the second half of 2025, possessing advantages in technology, cost, funding, and Global solution service capabilities.
[Brokerage Focus] CICC believes that the photovoltaic Industry is expected to face a reversal of fundamental difficulties by 2025.
Jinwu Financial News | According to a Research Report by Zhongjin, the photovoltaic Industry is a globally leading advantageous sector in our country. Against the backdrop of carbon neutrality goals, and with the combined effect of market rules and industry self-discipline, the Industry is expected to experience a reversal of fundamental difficulties by 2025. The report indicates that the supply side is currently the core contradiction of the Industry. Although leading enterprises have relatively abundant cash reserves, second and third tier companies are experiencing rapid cash outflow. It is believed that in the next 2 to 3 quarters, some tail-end enterprises will likely exit the market due to market forces. At the same time, with self-discipline in production cuts within the Industry, it is anticipated that silicon material inventory will be reduced by the second quarter of 2025, leading to price increases. On the demand side, the
GCL TECH (03800.HK) will have a shipment volume of 0.2819 million tons of granular silicon in 2024.
On January 21, GCL TECH (03800.HK) announced that for the year ending December 31, 2024, the company's granular silicon production was 0.2692 million tons, and the shipment volume was 0.2819 million tons.
Express News | Trump Signs Actions to Withdraw from the Paris Climate Agreement, Aims to Promote Fossil Fuels and Mineral Mining
