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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.
Hong Kong stock movement | FLAT GLASS (06865) fell nearly 7%, evident price-cutting behavior from downstream component manufacturers, and the production profit of Photovoltaic Glass is difficult to improve in the short term.
FLAT GLASS (06865) fell nearly 7%. As of the time of writing, it has decreased by 6.91%, trading at 11.32 Hong Kong dollars, with a turnover of 71.425 million Hong Kong dollars.
FLAT GLASS (06865.HK) was reduced by JPMorgan by 1.7369 million shares.
On December 17, according to the latest equity disclosure information from the Stock Exchange, on December 11, 2024, FLAT GLASS (06865.HK) saw a Shareholding reduction by JPMORGANCHASECO of 1.7369 million shares at an average price of HKD 12.6765 per share, involving approximately HKD 22.0178 million. After the Shareholding reduction, the latest number of shares held by JPMORGANCHASECO is 39,117,978 shares, with the holding ratio decreasing from 9.24% to 8.85%.
Those Who Invested in Flat Glass Group (HKG:6865) Five Years Ago Are up 188%
Pacific Securities: A reversal in the photovoltaic Industry is imminent. Pay attention to three directions.
The Research Reports from The Pacific Securities indicate that with continuous breakthroughs in new markets and new technologies, a new cycle of price parity in solar storage is accelerating its onset, and a reversal in the photovoltaic Industry is imminent, suggesting attention to three directions.
