As of 10:30 today, the PV index has plummeted by 4.54%. TCL Central, Aixu Co., and Jingao Technology are all close to falling to a standstill, while Longji Green Energy and Sunshine Power have fallen by more than 4%.

According to the news, TCL Central recently released a performance forecast. Net profit due to mother is estimated to be 4.2 billion yuan to 4.8 billion yuan in 2023, a year-on-year decrease of 29.6% to 38.4%. Although the full year of 2023 was profitable, its fourth quarter results were a huge loss. In the first three quarters of 2023, TCL Central's net profit to mother reached 6.188 billion yuan. Based on this calculation, TCL Central expects a loss of 1,388 billion yuan to 1,988 billion yuan in the fourth quarter of 2023, mainly due to the rapid decline in prices of major products in the PV industry chain in the fourth quarter.

The current quarterly loss in the performance of silicon wafer giants is still related to the problem of overcapacity in the photovoltaic industry chain. It is worth noting that according to data from the Silicon Industry Branch on January 24, silicon wafer prices have picked up recently, rising slightly from week to week. Prices in the industrial chain may bottom out in stages, and the start of demand after the Spring Festival is expected to drive a rebound in industrial chain prices. Liu Xiaoming, manager of Tianhong Fund, believes that the clean-up and rebalancing of the entire industry chain is expected to continue until the first or second quarter of 2024, but when fundamentals improve marginally, stock prices may rebound early.

Furthermore, the photovoltaic industry has maintained rapid growth, and demand is strong. In 2023, 216.9GW of new domestic PV installations were added, +148% compared with the same period last year. The fourth quarter is the traditional peak season for PV installations. At the end of the year, the impulse of various module companies is limited by factors such as target installation dates. In December, a large number of PV projects were installed and connected to the grid. Judging from the situation over the years, demand for some projects may continue to be connected to the grid until the first quarter.

Short-term fluctuations make it difficult to change the long-term investment logic. After a deep correction, the PV industry's valuation was significantly digested, down from 95% of the time in history, showing the cost effectiveness of investment. It is recommended that PV investors take a long look and wait for the inflection point of the industry in the future! The PV ETF (159857) has collected 50 high-quality leading stocks in the upper, middle and lower reaches of the industry chain. Millions of users have already joined the market. It is a worry-free choice to lay out the photovoltaic industry's downturn opportunities with one click.

The data comes from iFind. The market is risky and investments need to be cautious.