Express News | Pacific Securities: A reversal in the photovoltaic Industry is imminent. Pay attention to three directions.

BreakingsDec 13 09:05

Hangzhou First Applied Material (603806.SH): Hangzhou First Applied Material Group and Lin Jianhua collectively reduced their shareholding of "Fu 22 Convertible Bonds" by 3.6027 million units.

On November 22, Gelonhui reported that hangzhou first applied material (603806.SH) announced that the company received a notice from hangzhou first applied material Group and Mr. Lin Jianhua on November 22, 2024, that hangzhou first applied material Group and Mr. Lin Jianhua collectively reduced their shareholding of 3,602,690 shares of "Fu22 Convertible Bonds" from November 12, 2024, to November 22, 2024. After this reduction, hangzhou first applied material Group and Mr. Lin Jianhua collectively hold 0 shares of "Fu22 Convertible Bonds", accounting for 0% of the total issuance.

Gelonghui FinanceNov 22 18:56

Express News | Zhongtai: Maintains a "buy" rating for Hangzhou First Applied Material, highlighting advantages in technological iteration and cost control.

BreakingsNov 22 14:48

Research reports on mining opportunities丨zhongtai: Maintain hangzhou first applied material "buy" rating, with notable advantages in technological iteration and cost control.

Zhongtai's research reports point out that hangzhou first applied material (603806.SH) will face pressure in its performance for the third quarter of 2024, mainly due to a temporary oversupply in the industry, which has caused a significant decline in photovoltaic film prices, leading to a marked decrease in the company's overall gross margin. As a leading company in photovoltaic film, it has prominent advantages in technology iteration, customer resource accumulation, and cost control, with its market share continuously increasing in the first half of 2024. Despite the many losses in the photovoltaic industry, it is still able to maintain positive profitability. Meanwhile, the company is expanding its film production capacity overseas in Vietnam and Thailand against the trend to meet global customer demand, which is expected to improve its profitability. Additionally, photosensitive dry films and other products.

Gelonghui FinanceNov 22 14:47 · Ratings

Hangzhou first applied material (603806): Q3 performance fluctuated, the leading film manufacturer has crossed the cycle.

Event: The company released the third quarter report of 2024, with a revenue of 15.174 billion in the first three quarters of 2024, a year-on-year decrease of 8.9%, net income attributable to equity holders of 1.258 billion, a year-on-year decrease of 12.1%, and a gross margin of 15.6%.

zhongtaiNov 22 07:17

Debono Securities: Photovoltaic sector has a high safety margin, focusing on the opportunity to improve the overall market valuation.

According to CPIA, the domestic polysilicon production in the first half of 2024 is approximately 1.06 million tons, a year-on-year increase of about 60.6%. The wafer production is about 402GW, a year-on-year increase of about 58.9%. The solar cells production is about 310GW, a year-on-year increase of about 37.8%. The module production is about 271GW, a year-on-year increase of about 32.2%. The capacity in all major segments still shows a growth trend.

Zhitong FinanceNov 15 15:36