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bj energy intl (00686.HK) issued asset-backed notes with a scale of 3 billion yuan.
Peking Energy (00686.HK) announced that its subsidiary, Jing Neng Development, has entered into a trust agreement with Xingye International Trust. Jing Neng Development is conditionally entrusting its underlying assets to Xingye International Trust and will act as the beneficiary for the issuance of asset-backed commercial paper. Xingye International Trust serves as the trustee and managing institution. The issuance size of the asset-backed commercial paper will be 3 billion Chinese yuan (CNY), with an estimated loss of approximately 0.134 million yuan related to the issuance. The Group plans to use around 70% of the proceeds from the asset-backed commercial paper issuance to repay existing debts, and the remaining approximately 30% for day
The fluctuation of the photovoltaic cycle far exceeds the past. Representatives of leading companies suggest considering transformation earlier if things are not going well.
① In the case of a divergence between prices and costs, the photovoltaic industry has fallen into a crisis not seen in recent years, with prices at various stages declining by 60%-80% compared to the peak in 2023; ② Long-term losses are unacceptable in any industry, and with market growth slowing, it has become very difficult to resolve the current capacity issues. This cycle may last longer.
Zhizhong Hong Kong stocks early knowledge | Ministry of Industry and Information Technology: Guide photovoltaic companies to reduce purely capacity expansion photovoltaic manufacturing projects. nvidia (NVDA.US) fell by as much as 5% after earnings.
On November 20, the Ministry of Industry and Information Technology issued a notice revising the "Specification Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Announcements for the Photovoltaic Manufacturing Industry".
[Brokerage Focus] Goldman Sachs: China's cecep solar energy industry faces challenges due to the reduction of export tax rebates.
Goldman Sachs's latest research report shows that the solar energy industry in China is facing adjustments to the export tax rebate policy. Starting from December 1, 2024, the Ministry of Finance announced a reduction in the export tax rebate rate for solar silicon wafers, batteries, and modules from 13% to 9%.
Hong Kong stock market anomaly | Most photovoltaic stocks are rising. The expected reduction in export tax rebates is bullish for the long-term development of the photovoltaic industry. The industry turning point signal is emerging.
Most photovoltaic stocks have risen. As of the time of writing, flat glass (06865) is up 3.99%, trading at 13.04 Hong Kong dollars; xinyi solar (00968) is up 3.77%, trading at 3.3 Hong Kong dollars; xinte energy (01799) is up 2.64%, trading at 8.54 Hong Kong dollars.
A-shares and Hong Kong stocks are up, with the gem rising more than 1%, led by photovoltaics, chips, and non-ferrous metals.
PV concept stocks in A-shares rose at the beginning of the market, Suzhou Good-Ark Electronics hit the limit up, Sungrow Power Supply, Deli Technology rose more than 6%, Ginlong Technologies, Suzhou Maxwell Technologies, and Orise Technology quickly followed the upward trend.
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