PV stocks generally rose in early trading. As of press release, GCL Technology (03800) rose 5.26% to HK$1.4; Xinyi Glass (00868) rose 2.94% to HK$10.14; GCL New Energy (00451) rose 2.35% to HK$0.435; and Xinyi Solar (00968) rose 2.33% to HK$5.26.
The Zhitong Finance App learned that PV stocks generally rose in early trading. As of press release, GCL Technology (03800) rose 5.26% to HK$1.4; Xinyi Glass (00868) rose 2.94% to HK$10.14; GCL New Energy (00451) rose 2.35% to HK$0.435; and Xinyi Solar (00968) rose 2.33% to HK$5.26.
According to the news, recently, under the guidance of the Electronic Information Department of the Ministry of Industry and Information Technology, the China Photovoltaic Industry Association organized a “Symposium on High Quality Development of the PV Industry” in Beijing. The conference pointed out that the crackdown on vicious competition in below-cost sales should be strengthened; industry mergers and restructuring should be encouraged, and market exit mechanisms should be unblocked.
According to reports, since this year, product prices in all parts of the photovoltaic industry chain have declined across the board. According to data released by the Silicon Industry Branch of the China Nonferrous Metals Industry Association on May 15, the current price of polysilicon has surpassed the cash costs of all production companies. In the first quarter of this year, the performance of many leading photovoltaic listed companies was under pressure, and the business situation of second- and third-tier photovoltaic companies became even more serious. Guolian Securities believes that after experiencing this painful period in the photovoltaic industry, advanced production capacity in the market is still insufficient. New technology catalytic equipment is rapidly being updated and iterated, and the equipment is expected to prosper for a longer period of time.