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Sinolink: A turning point in Photovoltaic Glass inventory has emerged, pay attention to the downstream component factory restocking demand after the Spring Festival.
The inventory turning point in the Photovoltaic Glass Industry has been observed, expecting a price turning point, and focusing on the demand for downstream component manufacturers to restock after the Spring Festival.
Hong Kong stocks are showing unusual movements | Photovoltaic stocks recovered in the morning session. Currently, the silicon wafer supply side is tight, and this week the silicon wafer prices have begun to rise.
In the early trading hours, solar stocks warmed up. As of the time of writing, FLAT GLASS (06865) rose by 4.1%, reporting at 11.4 Hong Kong dollars; GCL TECH (03800) rose by 2.83%, reporting at 1.09 Hong Kong dollars; XINYI SOLAR (00968) rose by 2.71%, reporting at 3.03 Hong Kong dollars; GCL NEWENERGY (00451) rose by 1.04%, reporting at 0.485 Hong Kong dollars.
Photovoltaic Power stocks rose overall, FLAT GLASS (06865) increased by 3.83%, and Institutions expect a turning point in Photovoltaic Glass prices is likely.
Financial news | Photovoltaic Power shares rose overall, with FLAT GLASS (06865) up 3.83%, GCL TECH (03800) up 2.83%, XINYI SOLAR (00968) up 2.71%, GCL NEWENERGY (00451) up 1.04%, and XINTE ENERGY (01799) up 0.42%. According to Sinolink, since 2024, the total cold repair of Photovoltaic Glass production lines has reached 0.0275 million tons per day, accounting for over 20% of the existing production capacity. Additionally, considering the maintenance actions of some in-production capacity, the actual reduction in the Industry is even greater, and the Industry inventory peaked in early November.
Flat glass group (601865.SH): Cumulatively repurchased 0.40% of A-shares.
On January 2, Gelonghui reported that Flat Glass Group (601865.SH) announced that as of December 31, 2024, the company had repurchased a total of 9,466,921 A-shares, accounting for 0.40% of the total issued shares of 2,342,919,565 as of December 31, 2024. The minimum Fill Price was RMB 17.00 per share, the maximum Fill Price was RMB 26.25 per share, and the total amount paid was RMB 221.457 million (excluding stamp duty, trading commission, and other trading fees).
Is It Time To Consider Buying Flat Glass Group Co., Ltd. (HKG:6865)?
FLAT GLASS (06865.HK) received a Shareholding of 0.925 million shares from JPMorgan.
According to the latest equity disclosure information from the Stock Exchange dated December 31, 2023, on December 24, 2024, FLAT GLASS (06865.HK) received a Shareholding of 925,000 shares at an average price of HKD 11.6356 per share from JPMORGANCHASECO, involving approximately HKD 10.763 million. After the Shareholding, the latest number of shares held by JPMORGANCHASECO is 40,533,014 shares, with the shareholding ratio increasing from 8.96% to 9.17%.
