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Is TongweiLtd (SHSE:600438) A Risky Investment?
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 sudden production cuts by leading silicon material manufacturers are expected to drive price and profitability recovery through industry self-discipline.
On the evening of December 24th, Tongwei Co., Ltd and Daqo Energy announced via their official accounts that to actively respond to the spirit of the Central Economic Work Conference and to eliminate "involution" vicious competition, the two silicon material companies will carry out orderly production cuts and production control. A research report from Huachuang Securities pointed out that if the subsequent industry self-discipline agreement progresses smoothly, the current supply and demand surplus is expected to be significantly alleviated, driving price and profit recovery.
Express News | Tongwei Says Subsidiaries Will Reduce and Control Production in Phases for Some High Purity Crystalline Silicon Projects to Conduct Maintenance
Tongwei Co.,Ltd (600438.SH): The company's current high-purity crystalline silicon production technology has been upgraded to the eighth generation "Yongxiang method."
On December 19, Gelonghui reported that Tongwei Co., Ltd (600438.SH) mentioned on the interactive platform that as a leading enterprise in the Global photovoltaic industry high-purity crystalline silicon sector, the company is a national-level enterprise technology center, highly focuses on the technological development related to the photovoltaic industry, and has a professional team that continuously and deeply tracks and analyzes, in order to maintain the company's strong technical competitive advantage. The company's current high-purity crystalline silicon production technology has been upgraded to the eighth generation 'Yongxiang Method', possessing leading industry competitive advantages in terms of single project scale, various production energy consumption, and product quality cost advantages.
Minsheng Securities: The production capacity of the photovoltaic Industry is expected to accelerate clearance. Bullish on the industry's profitability continuing to recover.
Minsight Securities released a Research Report stating that since the second half of 2024, policies have explicitly shifted direction, and the Industry is expected to accelerate the pace of supply clearance through price limits, production limits, and energy consumption control policies.
102884128 : getting disappointed with this counter. every day drop.