Photovoltaic stocks experienced a collective decline in Hong Kong trading. At the time of writing, DRINDA (02865) fell by 4.63% to HK$32.52, XINYI SOLAR (00968) dropped 4.4% to HK$3.04, XINYI GLASS (00868) decreased 2.54% to HK$9.60, and FLAT GLASS (06865) was down 1.28% at HK$10.04. The downward movement is attributed to the continued weak performance of the photovoltaic glass market. Recent data from Longzhong Information shows that as of April 16, inventory days for the photovoltaic glass industry had surged to 51.90 days, an increase of 4.79% from the previous period, with total inventory reaching 2.8559 million tons. Against a backdrop of only 64% capacity utilization, weekly net profits for both 2.0mm and 3.2mm products remained deeply negative, at losses of -592 yuan/ton and -500 yuan/ton, respectively. A report from CICC noted that recent reaffirmations by multiple government departments against internal competition within the photovoltaic industry have particularly impacted the glass segment. This is due to some companies offering extremely low prices to maintain cash flow. According to SCI data, current quotes for 2.0mm glass range from 9.2 to 9.8 yuan per square meter, with the median price trending downward and some companies even offering prices as low as 9 yuan per square meter. The report suggested that enforcing price regulations and quality supervision, as discussed in recent meetings, could help protect the interests of companies that adhere to market rules.