HSBC recently visited 03800.HK 's new granular polysilicon production line in Jiangsu, which went into production only two weeks ago, according to a research report. Although some investors are skeptical about the company's granular polysilicon, it is believed that the company will attract more investors to visit the factory in the coming weeks, which will help to enhance transparency.

The bank noted that the Poly Xiexin Leshan plant could be an important milestone for the company in the middle of fiscal year 2022, as it is expected to help address market concerns about the company's scalability, quality and cost. In addition, the bank's forecast for the company remains unchanged, but the target price is raised from 3.4 yuan to 4 yuan, maintaining the "buy" rating, believing that further breakthroughs in the company's granular polymers may provide the company with a significant advantage over its peers, especially in the downward cycle of the market.