XINTE ENERGY (01799) climbed over 7% during trading. As of press time, the stock was up 7.36% to HK$7.29, with a turnover of HK$50.52 million.

On the news front, XINTE ENERGY released its interim results for 2025, reporting revenue of RMB 7.311 billion, down 37.74% year-over-year. The net loss attributable to shareholders narrowed significantly by 71.11% to RMB 256 million. For comparison, the first quarter net loss attributable to listed company shareholders was RMB 263 million.

According to the announcement, during the reporting period, the company strategically planned polysilicon production schedules and deepened cost reduction and quality improvement initiatives. The company continued to vigorously develop solar and wind power resource development, construction, and operations, as well as key equipment manufacturing businesses. Two thermal power projects in which the company holds stakes became new profit-contributing units, further enhancing operational resilience and risk resistance capabilities.

Guotai Junan Futures noted that short-term weekly production remains at high levels. While some facilities in Sichuan, Yunnan, and Xinjiang have resumed production, certain Xinjiang plants have reduced output. August polysilicon production is expected to exceed 130,000 tons. From an inventory perspective, SMM statistics show that silicon material manufacturers destocked this week, while downstream buyers increased procurement and inventory replenishment, transferring inventory to downstream segments.

The market is closely watching supply-side changes brought about by "anti-involution" measures, particularly the production restriction measures starting in September, and whether these will lead to meaningful supply-side production cuts.