The Zhitong Finance App learned that Xinyi Solar (00968) fell by more than 6%. As of press release, it fell 6.09% to HK$5.55, with a turnover of HK$274 million.

According to the news, BOC International's recent research report pointed out that the rapid removal of photovoltaic glass in March drove prices up 2.9% in April. Coupled with falling raw fuel prices, the industry's profit margin clearly rebounded. However, the bank believes that the industry currently has a large amount of production capacity under construction, and will soon ignite a large amount of production capacity, but it is unlikely that demand will continue to rise sharply at a high base, so the industry will once again be oversupplied in the second half of the year, especially in the fourth quarter. The bank downgraded Xinyi Solar's rating to “neutral.”

Furthermore, according to Zhuochuang News, with the recent launch of domestic terminal power plant projects and follow-up of overseas orders, the demand side is gradually heating up. The component manufacturer's order follow-up volume is sufficient, and the shipment is smooth. However, the downstream price pressure mentality is obvious, and profit margins in the component sector are limited. As a result, when glass prices are rising, most manufacturers insist on purchasing as needed. Only a few manufacturers prepare goods in an appropriate amount. Glass manufacturers mainly execute orders, and inventory decelerates.