DONGYUE GROUP (00189) saw its shares rise by 5.74% in early trading, reaching HKD 10.50 with a turnover of HKD 228 million.

This morning, A-share silicon-related stocks surged, with DONGYUE SILICON hitting the daily limit up. Reports indicate that amid the photovoltaic industry's "anti-internal competition" efforts, leading polysilicon producers are planning to form a consortium to phase out excess capacity and address accumulated industry debt. On November 6, sources close to the polysilicon procurement initiative revealed that total contributions from involved parties may range between RMB 20 billion and RMB 30 billion, though specifics remain uncertain.

GTHT issued a research report maintaining an "Overweight" rating on DONGYUE GROUP (00189), projecting net profits attributable to shareholders of RMB 1.822 billion, RMB 2.017 billion, and RMB 2.410 billion for 2025–2027. Based on peer comparisons, the firm assigned a 12x P/E ratio for 2026, translating to a target price of HKD 15.29 (assuming an exchange rate of HKD 0.91 per RMB).