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%.
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.
Express News | Many Hong Kong stock photovoltaic concept stocks have performed well, with gcl tech up more than 6%.
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.
[Brokerage Focus] Guoyuan International pointed out that the current prices and corporate profits of the photovoltaic industry chain have clearly bottomed out.
Jingu Finance News | Guoyuan International stated that the current prices and profitability of the photovoltaic industry chain have clearly bottomed out. The subsequent release of end demand is expected to gradually drive the industry chain prices back, with leading companies expected to achieve profitability. It is recommended to closely monitor industry cycle turning point signals. In the context of overall losses in the photovoltaic industry, deep integration, it is a comprehensive competition among enterprises, including cost, profit capability, financial condition, and cash flow. From the perspective of the industry chain, the competition pattern of silicon materials and photovoltaic glass industries is clear and not directly affected by the reduction of export tax rebates. The bank recommends focusing on the silicon material industry: Xinte Energy (01799), GCL Tech (0.