Flat glass (06865.HK) received a shareholding of 0.6465 million H shares from jpmorgan, worth approximately 8.1651 million Hong Kong dollars.
Reported on November 21st, according to the documents disclosed by the Hong Kong Stock Exchange on November 21st, jpmorgan Chase & Co. increased its shareholding in flat glass (06865.HK) on November 15th at an average on-exchange price of HK$12.6297 per share and an average off-exchange price of HK$12.6263 per share, totaling $0.6465 million H shares, worth approximately HK$8.1651 million. After the increase, jpmorgan Chase's latest number of shares held is 39.8699 million shares, and the long position ratio increased from 8.87% to 9.02%. Image Source: Stock Exchange Equity Disclosure
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.
Abnormal movement: Photovoltaic stocks generally rise, MIIT guides photovoltaic companies to reduce production capacity expansion. Institutions point out that industry capacity elimination is progressing rapidly.
On November 20, the Ministry of Industry and Information Technology announced on its official website that it has revised the "Standard Conditions for the Photovoltaic Infrastructure" and the "Interim Measures for the Management of Photovoltaic Infrastructure Standards Announcement". Among them, the Ministry guides photovoltaic companies to reduce photovoltaic manufacturing projects that simply expand production capacity. For newly built and expanded photovoltaic manufacturing projects, the minimum capital ratio is 30%.
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".
MIIT: The minimum capital ratio for new and expanded photovoltaic manufacturing projects shall not be less than 30%.
The Ministry of Industry and Information Technology announced important revisions to the "Regulatory Conditions for the Photovoltaic Infrastructure" and the "Interim Measures for the Management of Regulatory Announcements in the Photovoltaic Infrastructure" to guide local governments in reasonably planning the layout of photovoltaic infrastructure projects and promoting industrial concentration and clustering development. The revisions emphasize that photovoltaic companies should reduce projects that simply expand production capacity and instead focus on enhancing technological innovation, improving product quality, and reducing production costs. The minimum capital ratio for newly built and expanded photovoltaic infrastructure projects shall not be less than 30% to ensure the financial stability and sustainable development of the projects. This revision aims to optimize industrial layout, encourage technological innovation, and improve product quality.
Flat Glass Group Announces 2024 Interim Dividend Details