XINTE ENERGY (01799) saw its stock soar by 5.44% in intraday trading, leading a broader rally in Hong Kong-listed solar stocks. The surge comes amidst positive developments in the solar industry, including plans for an industry consortium and improving profitability across the sector.

The solar sector is experiencing a shift from price competition to innovation-driven growth, as highlighted in a recent CCTV2 economic program. Industry leaders, including Zhu Gongshan of GCL Group, revealed that 17 companies have largely agreed to form a consortium, expected to be finalized within the year. This move is seen as a significant step towards supply-side reforms and curbing excessive competition in the industry.

The rally is further fueled by a rebound in polysilicon prices, which have surpassed breakeven levels in Q3 2025. This price recovery has led to improved profitability for companies in the solar supply chain. For instance, DAQO NEW ENERGY reported a return to profitability after five consecutive loss-making quarters. With policy guidance supporting these reforms, both industry pricing and profit margins appear to have bottomed out, contributing to the positive sentiment driving XINTE ENERGY's stock performance.