Express News | Sinolink: Frequent Bullish Signals in demand for photovoltaics and offshore wind, the Sector cools down and re-enters the layout window.

BreakingsDec 25 08:36

Breaking the "involutionary" competition! The two major photovoltaic leaders announce "production reduction and control of output."

Tongwei Co.,Ltd's subsidiary Yongxiang Co. and Daqo Energy have a total production capacity of over 1.2 million tons. Analysts expect that this production cut will reach at least 0.8 million tons, leading to a significant decline in silicon material output from December to January. Despite the production cut being initiated, the current Industry still faces considerable inventory pressure.

wallstreetcnDec 25 08:33

The photovoltaic Industry is currently undergoing a "de-involution"! Tongwei Co.,Ltd and Daqo Energy have both announced production cuts and maintenance.

① Both Tongwei Co.,Ltd and Daqo Energy are signatories of the photovoltaic industry self-discipline agreement. According to the self-discipline agreement, photovoltaic companies will begin to manage production capacity starting next month (January 2025). ② Analysts believe that adjusting the overall industry capacity utilization rate to the Range of 50%-60% can basically match the demand for polysilicon in 2025, preliminarily achieving a supply-demand balance.

cls.cnDec 24 22:01

XINYI ENERGY (03868.HK): The currency presented in the financial statements will change from Hong Kong dollars to Renminbi.

On December 24, Gelonghui reported that XINYI ENERGY (03868.HK) announced that the presentation currency of the group's audited consolidated financial statements will change from Hong Kong dollars to Chinese yuan, effective from the fiscal year ending December 31, 2024. This change has been approved by the Board of Directors after considering recommendations from the Board of Directors' audit committee. The change in presentation currency aims to reflect that most of the group's Business and Trade transactions are settled in Chinese yuan, and that most of the group's Business and Assets are located in mainland China. This change will have no significant impact on the financial condition of the group.

Gelonghui FinanceDec 24 17:03

Xinyi Energy Holdings Adopts Renminbi for Financial Reporting

TipRanksDec 24 16:37

Hong Kong stock market changes | Photovoltaic stocks generally fell in early trading, with some companies' bids below the self-regulated minimum price set by the industry. Goldman Sachs previously stated it is monitoring the follow-up execution of product

In the morning session, solar stocks experienced widespread declines. As of the time of reporting, XINYI ENERGY (03868) fell by 3.61%, trading at 0.8 HKD; FLAT GLASS (06865) decreased by 2.63%, trading at 11.84 HKD; XINTE ENERGY (01799) dropped by 2.31%, trading at 7.61 HKD; XINYI SOLAR (00968) declined by 1.89%, trading at 3.12 HKD.

Zhitong FinanceDec 19 09:42