XINTE ENERGY's stock plummeted 5.50% during Tuesday's intraday trading session, following a broader decline in solar energy stocks.

The sharp drop comes as the 9% export tax rebate for solar products is set to be fully cancelled starting April 1st. This policy change is anticipated to increase the cost per watt of photovoltaic modules by RMB 0.06 to RMB 0.07, putting pressure on manufacturers' margins.

Industry analysts note that while first-quarter shipments appear secure due to front-loading of demand ahead of the policy change, concerns are emerging about potential order gaps in the second quarter. If overseas distributors complete their stockpiling by the end of March, it could lead to reduced orders in the following quarter. Additionally, domestic market demand in China is also facing pressure, with expectations that the growth rate for new solar installations could potentially slow down by 2026 as the base of installed capacity expands annually.