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Zhizhong Hong Kong stocks early knowledge | Ministry of Industry and Information Technology: Guide photovoltaic companies to reduce purely capacity expansion photovoltaic manufacturing projects. nvidia (NVDA.US) fell by as much as 5% after earnings.
On November 20, the Ministry of Industry and Information Technology issued a notice revising the "Specification Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Announcements for the Photovoltaic Manufacturing Industry".
[Brokerage Focus] Guoyuan International pointed out that the current prices and corporate profits of the photovoltaic industry chain have clearly bottomed out.
Jinwu Financial News | Guoyuan International stated that currently the prices and corporate profits in the photovoltaic industry chain are clearly at the bottom, and the subsequent release of end-user demand is expected to gradually drive prices in the industry chain back to normal, with top companies likely to achieve profitability. It is recommended to closely monitor signals of the industry cycle turning point. In the overall loss of the photovoltaic sector and under deep integration circumstances, companies' comprehensive competitive advantages are put to the test, including cost, profitability, financial status, and cash flow. From the perspective of the industry chain, the competition pattern in the silicon material and photovoltaic glass sectors is clear, and it is not directly affected by the reduction of export tax rebates. The bank emphasizes key recommendations in the silicon material industry: Xinte Energy (01799), GCL Tech (0.
The fluctuation of the photovoltaic cycle far exceeds the past. Representatives of leading companies suggest considering transformation earlier if things are not going well.
① In the case of a divergence between prices and costs, the photovoltaic industry has fallen into a crisis not seen in recent years, with prices at various stages declining by 60%-80% compared to the peak in 2023; ② Long-term losses are unacceptable in any industry, and with market growth slowing, it has become very difficult to resolve the current capacity issues. This cycle may last longer.
[Brokerage Focus] Goldman Sachs: China's cecep solar energy industry faces challenges due to the reduction of export tax rebates.
Goldman Sachs' latest research report shows that the cecep solar energy industry in china is facing adjustments to export tax rebate policies. Starting from December 1, 2024, the Ministry of Finance announced a reduction in the export tax rebate rates for cecep solar energy silicon wafers, batteries, and modules from 13% to 9%.
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