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Finance Associated Press Venture Capital: In January, financing in the Carbon Neutrality sector totaled 1.61 billion yuan, a decrease of 95.03% month-on-month. Li Chuang Autos Electronics completed its first round of financing of nearly 0.5 billion yuan.
According to data from the China Finance Association's Venture Capital platform, in January, there were a total of 69 private equity investment events in the domestic Carbon Neutrality sector, a decrease of 28.13% from 96 events last month; The total disclosed financing amounted to approximately 1.61 billion yuan, down 95.03% from 32.404 billion yuan last month.
CITIC SEC: Capacity of Photovoltaic Glass is rapidly clearing, and the profit turning point is approaching.
The price of Photovoltaic Glass has already bottomed out, and is expected to rebound after the downstream operating rate improves in March. It is recommended to pay attention to the leading companies in the Photovoltaic Glass Industry that excel in profitability.
[Brokerage Focus] CITIC SEC believes that the price of Photovoltaic Glass has bottomed out and is expected to rebound after downstream operating rates improve in March.
Gold-Woo Financial News | CITIC SEC stated that the demand growth in 2024 is expected to be lower than anticipated. The intensive release of new production capacity in the first half of the year has led to a worsening supply-demand imbalance, causing companies to accelerate furnace maintenance in the context of losses across the industry. In 2025, domestic photovoltaic installations are expected to maintain steady growth, while growth in the European and American markets may slow down, and Emerging Markets are expected to maintain high growth. The bank predicts that the global new photovoltaic installed capacity may reach 560-570 GW in 2025. The bank pointed out that due to leading technologies, lower costs, and advantages in funding and customers, first-tier manufacturers' profitability has consistently outperformed the industry average, and they currently still maintain a relative advantage over second-tier manufacturers.
The Hong Kong stock market's photovoltaic Sector has seen a widespread decline, with several leading stocks dropping over 6%. The price inflection point in the Industry Chain has not yet become apparent.
① Why has the market expectation weakened for the short-term correction of the Hong Kong stock photovoltaic Sector? ② After the holiday, the price turning point of the photovoltaic Industry Chain has not yet appeared, what do the Institutions think?
Hong Kong stocks fluctuated | Photovoltaic stocks fell across the board as new policies for the New energy Fund come into effect, which may change the investment return rates for New energy projects.
All photovoltaic stocks fell sharply. As of the time of writing, XINYI SOLAR (00968) dropped by 3.87%, trading at 3.48 HKD; FLAT GLASS (06865) fell by 3.65%, trading at 12.66 HKD; XINYI GLASS (00868) declined by 2.02%, trading at 7.29 HKD; XINTE ENERGY (01799) decreased by 2.05%, trading at 7.64 HKD.
Hong Kong stock Concept tracking | New energy Fund project grid electricity quantity will generally all enter the Electrical Utilities market. Institutions are Bullish on the upward trend of the photovoltaic bottom (with related stocks attached).
Two departments: The electrical quantity of new energy projects going online will in principle enter the electrical utilities market entirely, with the online electricity price formed through market trading.
