Hong Kong Stocks Movement | XINTE ENERGY (01799) Drops Nearly 8% Intraday, Reports Net Loss of RMB526 Million in First Three Quarters Amid Market Focus on Polysilicon Reserve Plan

Stock News
2025/10/31

XINTE ENERGY (01799) fell nearly 8% intraday, with a decline of 4.99% at the time of writing, trading at HKD 8 and recording a turnover of HKD 26.74 million. The company reported financial results showing revenue of RMB 11.655 billion for the first three quarters of 2025, alongside a net loss attributable to shareholders of RMB 526 million. As of September 30, 2025, the group's total assets stood at RMB 85.313 billion.

Notably, a CCTV financial program mentioned that leading domestic photovoltaic companies are planning a joint reserve initiative, aiming to complete the consortium setup within the year. Minmetals Futures noted in a research report that policy expectations continue to significantly influence polysilicon prices. While market updates on the platform company's progress emerge periodically, the final implementation timeline remains uncertain. Short-term industry rumors continue to impact market sentiment, with investors actively trading on expectations. Further developments will depend on actual policy execution.

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