Stock Track | FLAT GLASS Plummets 6.26% Intraday as Solar Export Tax Rebate Removal Raises Cost Concerns

Stock Track

03/31

FLAT GLASS's stock plummeted 6.26% during Tuesday's intraday trading session, reflecting broader declines in the solar energy sector.

The sharp drop comes as China's 9% export tax rebate for solar products is set to be fully cancelled starting April 1st, which is anticipated to increase the cost per watt of photovoltaic modules by RMB 0.06 to RMB 0.07. This policy change has already prompted leading manufacturers to issue price increase notices.

Industry analysts express concerns that while first-quarter shipments may be secure due to front-loading demand ahead of the policy change, this could create an order gap in the second quarter as overseas distributors complete stockpiling. Additionally, domestic market demand faces pressure with potentially slowing growth rates for new solar installations by 2026.

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