Hong Kong Stocks in Motion | Solar Stocks Continue Downtrend, Rumors of Polysilicon Storage Platform Established Prove False, Future New Installation Demand Still Under Observation

Stock News
10/17

According to reports, solar stocks continue to decline. As of the time of writing, FUYAO GLASS (03606) is down 4.89%, trading at HKD 68.1; XINTE ENERGY (01799) is down 4.64%, trading at HKD 7.81; XINYI SOLAR (00968) is down 3.8%, trading at HKD 3.54; FLAT GLASS (06865) is down 2.77%, trading at HKD 11.23. In terms of news, reports indicate that the progress of the polysilicon storage plan in the solar industry is a focal point of industry concern. Recently, rumors have circulated that a polysilicon storage platform has already been established, with the platform company’s business registration completed and a joint account opened. However, insiders have confirmed that this rumor is false. In addition, the solar association has clarified the rumor regarding a "three-day meeting," stating it was a regular monthly meeting. Notably, following the rush for installations this year, the monthly added photovoltaic capacity in the domestic market has declined for three consecutive months, with August's newly installed capacity being 7.36GW, a year-on-year decrease of 55.29% and a sequential decline of 33.33%. Guosen Securities stated that the profitability of solar companies in the future will primarily depend on the pace of capacity clearance and the market-driven pricing of electricity for solar installations.

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