Trina Solar Co., Ltd.: The 'deceleration strategy' is correct and awaits observation. Energy storage will become a new profit growth point. Directly hit the earnings conference.
①In the third quarter, the price of photovoltaic modules continued to decline, but the gross margin of the energy storage business improved, and energy storage will become a new profit growth point; It is expected that by the end of the year, silicon wafer capacity will be 55GW, module capacity 120GW, N-type battery capacity 70GW, and P-type battery capacity to be determined; ②The industry is facing positive changes, and the profitability of the industry chain will definitely be restored, but in the future, there will be more and more differentiation space in terms of brands, channels, and customers.
Jinkosolar: Steady progress in signing contracts in 2025, component prices show a clear trend of rebound after the decline. | Direct hit on earnings conference
①The company has already put into production 2GW of module capacity in the usa, and is expected to complete the capacity climbing by the end of this year, with an expected increase in production next year. The Saudi project is in the execution phase, planning to start construction of related infrastructure in the first half of next year, and is expected to start production in the first half of 2026; ②Li Xiande stated that global (module) demand is stable with a slight increase next year, with an expected growth rate of 10-20%.
The rise of the domestic substitution concept! ZTE's straight rise exceeds 10%, semiconductors stocks are soaring one after another.
ZTE's stock price hit the daily limit, reaching a new high of more than 1 year, with over 1.5 million shares blocked. Lately, companies whose names start with the middle letter have frequently seen a bullish trend. Previously, China Greatwall Technology Group had consecutive trading limit up, China National Software & Service has also been consistently bullish, and Dawning Information Industry hit a historical high.
Index volume stagflation reappears, under the rotation market, technology autonomy is expected to become the focus of capital chasing.
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One week preview | USA CPI, PPI data is coming! Powell and a group of Fed officials will speak intensively; The Chinese concept stock earnings season opens! Tencent, Alibaba performance will be announced soon.
China's financial data such as social zero, social financing, etc. will be released this week. The State Council Information Office will hold a press conference on the national economic situation; after the US election, the Bank of Japan will announce a summary of opinions from the October monetary policy meeting on Monday.
Semiconductor Manufacturing International Corporation: Consumer market recovery in downstream subcategories, layout of power device production capacity in response to new demand | Direct hit earnings conference
①Zhao Haijun, CEO of Semiconductor Manufacturing International Corporation, stated that the prices of some 12-inch nodes are good, the product mix is optimized, and the average selling price of the company in the third quarter increased compared to the previous quarter; ②It is expected to release approximately 0.03 million 12-inch wafers of monthly production capacity in the fourth quarter, and the capacity utilization rate and shipments will decrease at that time; ③Semiconductor Manufacturing International Corporation will accelerate the layout of power device capacity to fully support the development of the auto industry and the new energy market.