The prolonged battle to clear photovoltaic silicon materials escalates: after GCL TECH "throttles down", Tongwei Co.,Ltd introduces tens of billions in strategic investment.

① Polysilicon prices have been running at a long-term low, and Tongwei Co.,Ltd's subsidiary Yongxiang Co.,Ltd lost nearly 1 billion yuan in the first three quarters of last year; ② Leading photovoltaic companies are looking for new sources of revenue and cutting costs to deal with this round of Industry cycles.

cls.cnMar 28 10:37 ET

Shanghai Electric Group: The 2024 annual report shows a surge in Orders but a decline in profits, and the risk of accounts receivable remains a concern.

Shanghai Electric Group 2024 Annual Report: A surge in orders cannot hide the decline in profits, and the risk of accounts receivable remains a concern. Key points summarizing financial performance: In 2024, total operating income reached 116.186 billion yuan, a slight increase of 1.2% year-on-year; Net income attributable to shareholders was 0.752 billion yuan, down 6.3% from the restated profit of 0.803 billion yuan in 2023; Basic EPS was 0.048 yuan, lower than the restated 0.052 yuan from the previous year. Gross margin was 18.6%, showing slight improvement. The Board of Directors recommends not to distribute a final dividend for the fiscal year 2024. Progress in core business: Revenue from Energy equipment.

wallstreetcnMar 28 08:58 ET

[Market Data] IM期指 bulls significantly reduced positions, Institutions continuously sold off Kunshan Kinglai Hygienic Materials.

① The main contract for the IM futures has seen a decrease of nearly 7,000 long positions, with the reduction being significantly greater than that of the short positions. ② Stocks related to the Lithography Equipment Concept, Kunshan Kinglai Hygienic Materials, experienced Sell by Institutions of 0.191 billion, and the stock also faced over 90 million in Sell by Institutions yesterday.

cls.cnMar 28 06:00 ET

Last year's revenue was nearly 70 billion yuan. Lens Technology plans to accelerate its Global layout this year | Interpretations.

① In 2024, Lens Technology's revenue increased by 28.27% year-on-year, and net income grew by 19.94% year-on-year. ② This year, the company will continue to improve its global production capacity layout, including Southeast Asia and North America.

cls.cnMar 27 21:02 ET

Performance plummeted in the second half of the year, with Flat Glass Group's net income in 2024 dropping by over sixty percent | Interpretations

① Flat Glass Group's revenue in 2024 is 18.683 billion yuan, a year-on-year decrease of 13.2%; net income is 1.007 billion yuan, a year-on-year decrease of 63.52%; ② In the first half of the year, the cumulative net income is nearly 1.5 billion yuan, with a year-on-year growth rate of 38%, and losses of 0.203 billion yuan and 0.289 billion yuan in the third and fourth quarters respectively; ③ As of December 31, 2024, Flat Glass Group's total production capacity is 19,400 tons per day.

cls.cnMar 27 08:41 ET

Are Hong Kong stock Autos stocks on the same page? After BYD and Xiaomi, NIO is also going to allocate shares!

Nio announced the launch of a "lightning" placement in Hong Kong, planning to issue up to 0.11879 billion Class A common shares at a price of HK$29.46 per share, which represents a discount of approximately 9.5% compared to its latest closing price in Hong Kong. Previously, BYD announced a lightning placement of H shares to raise HK$43.383 billion, the largest scale in the history of the Global Autos Industry. Xiaomi also announced a fundraising of up to US$5.3 billion through a method of issuing existing shares before new ones.

wallstreetcnMar 27 08:13 ET