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GCL TECH (3800.HK): Short-term performance under pressure, core advantages in granular silicon strengthened, waiting for the turning point in the Industry.
In 2024, the prices in the photovoltaic Industry Chain dropped significantly, putting short-term pressure on the company's performance. The total revenue for the year was 15.1 billion yuan, a year-on-year decline of 55.2%; it recorded a net loss attributable to the parent company of 4.75 billion yuan, compared to a profit of 2.51 billion yuan in the same period last year.
Express News | A meeting discussing "production restrictions to maintain prices" was held this week? A relevant person from the China Photovoltaic Industry Association: completely unaware of this matter.
Hong Kong stocks are fluctuating | Solar stocks rebounded in early trading. The Industry may face larger production cuts in the third quarter, and the market is paying attention to the profit recovery situation in the Industry Chain.
In the morning session, photovoltaic stocks rebounded. As of the announcement, TRIUMPH NEW EN (01108) rose by 16.81%, trading at 5.49 HKD; GCL TECH (03800) increased by 4.6%, trading at 0.91 HKD; FLAT GLASS (06865) rose by 2.8%, trading at 8.43 HKD; XINYI SOLAR (00968) increased by 3.38%, trading at 2.45 HKD.
Amidst the surplus, this photovoltaic "shovel seller" is still planning to IPO.
How much longer can it go wild?
China Galaxy Securities: In the first half of the year, the new energy sector saw structural differentiation, focusing on new technologies and non-U.S. exports.
The bank suggests focusing on three main directions: 1) The accelerated industrialization of new technologies in AIDC, BC, and Copper slurry; 2) Going overseas to benefit from global dividend symbols; 3) The turning point for the supply and demand improvement cycle is approaching.
Jibang New Energy: In May, the global photovoltaic industry continued its vigorous development with a total investment amount exceeding 22.2 billion yuan.
In May, the global photovoltaic Industry continued its robust development trend. Data shows that the total scale of signed/planned, commenced, and put into production projects in the photovoltaic Industry reached 31.2 GW, with a total investment exceeding 22.2 billion yuan.
