00757 SOLARGIGA
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SOLARGIGA News
Express News | Changjiang Securities: The photovoltaic sector is expected to start recovering
Huatai Securities: PV equipment production capacity is already showing signs, focus on targets with strong business structure resilience and technology iteration benefits
As the penetration rate of new PV installations increases, it is expected that the growth rate of new installed capacity will gradually decline. Considering the “second-order” characteristics of equipment, downstream production expansion will slow down or even decline, but it is also expected to promote marginal improvements in the PV supply and demand pattern in all aspects of the PV industry chain and promote the clearance of production capacity in the main PV industry chain.
More and Faster: Electricity From Clean Sources Reaches 30% of Global Total
For the first time, 30% of electricity produced worldwide was from clean energy sources as the number of solar and wind farms continued to grow fast.
The Hong Kong stock photovoltaic sector strengthens collectively, and institutions expect the industrial chain to stop falling in May and begin to make up profits
① The photovoltaic sector of Hong Kong stocks strengthened collectively in the afternoon. Which individual stocks were active? ② Institutions expect the industry chain to stop falling and start recovering profits in May. Will this strengthen the rebound?
Hong Kong Stock Afternoon Review | The three major indices of Hong Kong stocks pulled back, and the Tech Index fell nearly 2%; PV stocks reversed the market, and GCL Technology rose more than 6%
Technology Network stocks declined; Bilibili fell more than 6%, NetEase fell more than 4%, Kuaishou and Meituan fell nearly 4%; as concept stocks declined, Huazhu Group fell more than 3%, and Jiumaojiu fell nearly 3%.
Express News | According to data from the National Energy Administration, photovoltaic power generation added 45.74 million kilowatts of grid-connected capacity in the first quarter of 2024, with a cumulative grid-connected photovoltaic power generation capacity of 659.
陽光能源：2023年報
China Drives Down Cost of Solar Power Development
China's large-scale development of solar power, coupled with continuous innovation and a complete industrial chain, is driving down production costs and making new energy products more affordable worldwide, experts said.
Changes in Hong Kong stocks 丨 PV stocks declined, Follett Glass fell more than 6%
GLONGHUI April 16 | Follett Glass fell more than 6%, Sunshine Energy and Xinyi Solar Energy fell more than 5%, and GCL New Energy, GCL Technology, and Xinyi Glass followed suit. CICC announced the PV industry's performance forecast for the first quarter of '24, indicating that after experiencing a leading increase in batteries, glass, and film due to module production exceeding expectations in March, the increase in module production narrowed to single digits in April. At the same time, as silicon prices began to drop sharply in April, main production prices once again entered a downward channel. Profit restoration of 1Q24 batteries and auxiliary materials, and other aspects are under relative pressure. Judging from the price trend, the main battery sector in 1Q24 production benefits from price increases and cost-side silicon wafers
Express News | Zhongtai Securities: Improved supply and demand for photovoltaic glass is expected to drive a sharp rise in product volume and price
Leading PV module “kick hall” energy storage exhibition: 300+Ah large batteries at the core of the package are standard | Industry News
As a key part of the new power system, the energy storage market has entered a period of rapid development. The Zhongguancun Energy Storage Industry Technology Alliance predicts in the recently released “White Paper on Energy Storage Industry Research 2024” that by 2030, the cumulative installed capacity of China's new energy storage market will exceed 200 GW, with a compound growth rate of over 30% from 2024 to 2030.
China Defies Decarbonization Trend As Coal Imports Climb 16.9% In Q1 2024
Despite global efforts towards decarbonization, coal imports in China are on the rise, signaling persistent demand for the commodity.
Express News | Downstream demand is improving, production capacity is expanding in an orderly manner, and the price of photovoltaic glass is expected to continue to rise in April
New Energy Revitalizes China's Coal-mining Subsidence Areas
he former coal mining hub in North China's Shanxi province, which was once abandoned and shrouded in silence, is now buzzing with machines and workers bracing the cold winds.
Sunshine Energy (00757.HK)'s revenue of 7.19 billion yuan in 2023 increased by about 4.7% year-on-year
Gelonghui, March 27, 丨 Sunshine Energy (00757.HK) announced that for the year ended December 31, 2023, the Group recorded annual revenue of about RMB 7.19 billion, an increase of about 4.7% over the previous year; it recorded an annual profit amount of about RMB 140 million from continuing operations. Compared with the annual loss of approximately RMB 135 million from continuing operations recorded for the year ended December 31, 2022, it turned significantly into a loss. Basic and diluted earnings of RMB 3.37 per share attributable to common shareholders of the parent company. Revenue growth is mainly due to an increase in the number of orders from existing customers and the opening of new customers
Sunshine Energy (00757) announced annual results. Profit attributable to shareholders of 112 million yuan decreased by 88.31% year-on-year
According to the Zhitong Finance App, Sunshine Energy (00757) announced its annual results for the year ended December 31, 2023. The group achieved continuous business revenue of 7.193 billion yuan (RMB, same below) during the period, an increase of 4.71% over the previous year; profit attributable to shareholders was 112 million yuan, a decrease of 88.31% year on year; basic profit per share was 3.37 points. According to the announcement, revenue growth was mainly due to an increase in orders from existing customers and successful development of new customers, which led to a continued significant increase in PV module shipments.
SOLARGIGA: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
State Assets Administration Commission: Promote continuous optimization of the energy structure and advance deployment of research on strategic cutting-edge technologies such as advanced energy storage
① It is necessary to promote continuous optimization of the energy structure, give full play to the advantages of central enterprises, strengthen and improve the main business and improve efficiency; ② concentrate efforts on breaking through a number of key major technical equipment, deploy and research advanced strategic cutting-edge technologies such as advanced energy storage ahead of schedule; ③ accelerate the construction of new energy infrastructure, promote intelligent transformation of power grid infrastructure and smart microgrid construction, and focus on improving the power grid's ability to accept, allocate and control clean energy.
Upstream falls and downstream rises? Prices in the PV industry chain are now improving, and demand for differentiated modules is still under pressure
Financial Services Association, March 15 (Reporter Liu Mengran) Prices in the photovoltaic industry chain have recently shown a trend of differentiation: silicon wafer prices have continued to weaken this week, but downstream component manufacturers are struggling to raise prices and are trying to raise them.
Sunshine Energy (00757.HK) plans to hold a board meeting on March 27 to consider and approve the annual results
Gelonghui, March 15, 丨 Sunshine Energy (00757.HK) announced that the company's board of directors meeting will be held on March 27, 2024 (Wednesday) to review (including) and approve (if deemed appropriate) the annual results of the company and its subsidiaries for the year ended 31 December 2023 and consider the proposed final dividend (if any).
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