Involving some expenses related to the issue of cross-period confirmation, crown advanced material receives regulatory warning letter.
① Crown Advanced Material stated that the current chairman and CFO of the company are performing their duties normally. The administrative supervision measures will not have a significant impact on the company's daily operations, and the company's operations are all normal; ② With the introduction of relevant supply-side reform policies by industry associations and others, the photovoltaic industry chain may be expected to clear up by mid-2025 at the earliest, and overall profitability is expected to see a turnaround.
Trina Solar Co., Ltd. reorganizes in the United States: exchanging shares in the component factory for nyse company shares, selling products through the latter.
①The underlying assets involved in this restructuring are the 5GW module factory of trina solar co., ltd. in the usa, which is under construction and about to be put into production. ②trina solar co., ltd. will receive 0.1 billion dollars in cash, 0.15 billion dollars in face value of preferred notes, and FREYR common stock. ③Currently, trina solar co., ltd. is facing losses, while its gross margin in the usa market is the highest.
Oulei New Materials: The panel industry is facing cyclical overcapacity, product sales prices have stabilized | Direct hit on earnings conference
① Mao Chunhai stated that, affected by the domestic and international economic environment in recent years, the demand for consumer electronics and panels has also been greatly impacted, with the panel industry facing the problem of cyclical oversupply; ② Wen Hongfu stated that, influenced by customer demand, the sales volume of copper and aluminum targets for flat panel display in the first three quarters of 2024 has decreased to a certain extent. As we enter the fourth quarter, product sales prices have stabilized.
Another member joins the XBC camp as longi green energy technology cooperates for the first time to build HPBC battery production capacity
1. Longi Green Energy Technology cooperates with ENGIE to build HPBC battery capacity, and plans to reach a capacity of 16GW. The XBC "camp" is expanding. 2. In the coming years, the main competitive factors in the photovoltaic market will still revolve around the differentiation of battery technology.
The stock tumbled limit down in response! This week, 7 listed companies announced that the company or related parties are under investigation by the CSRC. Popular pv concept stock j.s. corrugating machinery is among them.
① J.S. Corrugating Machinery announced on Friday that the company received a "Notice of Case Filing" issued by the CSRC. This week, a total of 7 listed companies announced that the company or related parties have been filed by the CSRC (see table); ② The notice of case filing dealt a heavy blow to multiple stocks, with *Special Treat Ningke hitting the limit down the next day, and Shenzhen Zqgame dropping by 17.4%.
The top five leading photovoltaic module manufacturers collectively raise prices, a sign of the dawn of a turnaround in the photovoltaic industry.
On October 29, according to Blue Whale News, there are market reports that starting from the 29th, the price of Longi Green Energy's photovoltaic modules has increased by 1-2 cents/watt. As of now, leading module companies such as Trina Solar Co., Ltd., JA Solar, Tongwei, and JinkoSolar have all adjusted their shipping prices upwards by 1-3 cents/watt.