By the end of October, the cumulative installed capacity of power generation nationwide increased by 14.5% year-on-year, according to the National Energy Administration.
According to the data released by the National Energy Administration, as of the end of October, the country's cumulative installed power generation capacity is approximately 3.19 billion kilowatts, a year-on-year increase of 14.5%. Among them, cecep solar energy installed power generation capacity is approximately 0.79 billion kilowatts, a year-on-year increase of 48%; wind power installed power generation capacity is approximately 0.49 billion kilowatts, a year-on-year increase of 20.3%. In the first ten months of this year, the average utilization of power generation equipment nationwide accumulated to 2,880 hours, a decrease of 128 hours compared to the same period last year; the total investment in power generation projects by major power generation enterprises nationwide reached 718.1 billion yuan, an 8.3% increase year-on-year; the investment in grid projects reached 450.2 billion yuan, a 2% increase year-on-year.
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%.
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.