00968 XINYI SOLAR
- 5.580
- +0.280+5.28%
XINYI SOLAR News
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.
Hong Kong Stock Afternoon Review | Hang Seng Index rose slightly by 0.55%, Great Wall Motor rose nearly 10%, and Bilibili rose nearly 4%
Photovoltaic solar energy stocks rose one after another; Xinyi Solar Energy and GCL Technology rose nearly 3%; insurance stocks generally rose; China Taiping rose more than 4%, and China Ping An rose nearly 3%.
The photovoltaic sector of Hong Kong stocks strengthened. Xinyi Solar Energy rose more than 3%, Follett Glass rose nearly 2%, and GCL Technology and Fuyao Glass followed suit.
The photovoltaic sector of Hong Kong stocks strengthened. Xinyi Solar Energy rose more than 3%, Follett Glass rose nearly 2%, and GCL Technology and Fuyao Glass followed suit.
Changes in Hong Kong stocks | PV glass stocks picked up in early trading, glass prices still have slight room to rise, profits or phased improvements
Photovoltaic glass stocks picked up in early trading. As of press release, Xinyi Solar (00968) rose 3.66% to HK$5.38; Follett Glass (06865) rose 1.93% to HK$17.94; and Fuyao Glass (03606) rose 1.55% to HK$42.65.
Ping An Securities: Photovoltaic glass may face phased improvements in the medium to long term, and we still need to pay attention to the new ignition scale, etc.
Considering that the PV module production schedule is still high in April, glass ignition has increased since March, but production capacity will take time to climb. Under tight supply and demand, there is still a slight room for short-term glass prices to rise. Combined with falling prices of raw materials such as soda ash, the profit of photovoltaic glass has improved.
Hong Kong bullish stocks this week | 80% increase in the month! TCL Electronics surged more than 16% this week; CRRC surged nearly 11% the day after
Benefiting from the acceleration of nuclear power approval, CGN's stock price has been rising for five consecutive days; coal supply and demand continued to be tight, and Mongolian coking coal increased by more than 11% during the week.
Changes in Hong Kong stocks | Xinyi Solar (00968) fell more than 3%, institutions say it faced market price competition and the industry may once again be oversupplied in the fourth quarter
The Zhitong Finance App learned that Xinyi Solar (00968) fell by more than 3%. As of press release, it was down 3.13% to HK$5.26, with a turnover of HK$217 million. According to the news, HSBC Research recently published a report stating that Xinyi Solar's updated information on inventory, pricing and demand prospects is consistent with the bank's positive interpretation of the photovoltaic industry and the latest industry data, and the company's current business is developing in the right direction. The company's new polysilicon production line is scheduled to start operation from May to June this year and then expand production capacity in the next few quarters. However, the bank is still concerned about the impact of price competition in the market. Bank of Commerce International
Zhitong Hong Kong Stock Connect Shareholding Analysis|April 19
According to data disclosed on April 18, 2024, Marco Digital Technology (01942.HK), Shandong Molong (00568.HK), and Kaisheng Xinneng (01108.HK) ranked in the top 3 shares of Hong Kong Stock Connect, with 70.23%, 66.96%, and 64.24% respectively. In addition, Yingfu Fund (02800.HK), Bank of China (03988.HK), and China Mobile (00941.HK) saw the biggest increases in their holdings in the last 5 trading days, with statistics of +37.16 billion yuan, +1,975 billion yuan, and +1,695 billion yuan, respectively
Intraday Overview | Domestic housing stocks and telecom stocks generally rose. Sunac China rose more than 5%, and China Telecom rose about 3%
The three major indices weakened slightly. Most gaming stocks fell, Galaxy Entertainment fell more than 5%, and Sands China and Macau International Development fell nearly 4%.
Changes in Hong Kong stocks | Xinyi Solar (00968) fell by more than 4%, institutions say it is difficult for demand to continue to rise sharply in the fourth quarter or oversupply again
Xinyi Solar (00968) fell by more than 4%. As of press release, it was down 3.75% to HK$5.39, with a turnover of HK$156 million.
A quick overview of the Hong Kong market | Science Index fell more than 3%, Science Network stocks weakened, and Bilibili fell more than 5%
Auto stocks fell sharply, with NIO falling more than 10%, and Xiaopeng Motors falling more than 5%; gaming stocks continued to decline, with Aobo Holdings falling nearly 7% and Sands China falling nearly 6%.
Changes in Hong Kong stocks | Xinyi Solar (00968) fell more than 6%, photovoltaic glass inventories slowed down, and the industry's new production capacity reached production one after another, or led to oversupply
Xinyi Solar (00968) fell by more than 6%. As of press release, it was down 6.09% to HK$555, with a turnover of HK$274 million.
CICC: Repair of 24Q1 PV main pressure-bearing auxiliary materials
Judging from price trends, the main battery sector in 1Q24 production benefited from price increases and cost side silicon wafer prices fell, auxiliary materials benefited from price increases for photovoltaic glass and film, silver paste benefited from the introduction of new technology, and profits were recovered.
Changes in Hong Kong stocks | PV glass stocks continue to decline, Follett Glass (06865) falls more than 4%, Xinyi Glass (00868) falls more than 3%
The Zhitong Finance App learned that photovoltaic glass stocks continued to decline. As of press release, Follett Glass (06865) fell 4.48% to HK$18.32; Xinyi Glass (00868) fell 3.29% to HK$8.23; Xinyi Solar (00968) fell 3.13% to HK$5.88; Kaisheng New Energy (01108) fell 2.38% to HK$5.32. According to the news, according to Solbi's consultation, some early ignition production lines have recently been put into production one after another, and the supply supply in the photovoltaic glass market has increased slightly. Looking at next week, glass manufacturers will mainly execute orders. Inventory deceleration is expected to slow down. Market is expected
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.
Hong Kong PV stocks fluctuated and fell
Glonghui, April 12 | Follett Glass fell more than 4.4%, Xinyi Solar Energy fell nearly 3.5%, Guohong Hydrogen Energy and Xinte Energy all fell more than 2%, and GCL Technology fell more than 1.5%.
Changes in Hong Kong stocks | Follett Glass (06865.HK) fell by more than 4%, leading the decline. The photovoltaic glass stock industry will have a large production capacity, and it is difficult to continue to increase significantly in demand
Photovoltaic glass stocks generally declined in early trading. As of press release, Xinyi Energy (03868.HK) fell 4.35% to HK$1.1; Follett Glass (06865.HK) fell 4.01% to HK$19.16; Xinyi Solar (00968.HK) fell 2.71% to HK$2.71; and Xinyi Glass (00868.HK) fell 2.04% to HK$8.63.
Intraday Overview | The three major indices fell by more than 1%, domestic housing stocks collectively declined, and Shimao Group fell more than 7%
Technology Network stocks generally fell; NetEase fell more than 3%, Kuaishou fell more than 2%; automobile stocks declined, ideally falling by more than 2%; gold stocks strengthened, Zhaojin Mining rose more than 2%, and Zijin Mining and Shandong Gold rose more than 1%.
Changes in Hong Kong stocks | Xinyi Solar (00968.HK) falls by more than 5%, and the industry will have a large production capacity, making it difficult for demand to continue to rise sharply
Xinyi Solar (00968.HK) is now down more than 5%. As of press release, it is down 5.16% to HK$6.07, with a turnover of HK$57.129 million.
Analysis
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