The Zhitong Finance App learned that Xinte Energy (01799) fell more than 7% and closed up more than 17% yesterday. As of press release, it decreased by 7.23% to HK$9.5, with a turnover of HK$763.43 million.

According to the news, the Ministry of Industry and Information Technology and the China Photovoltaic Industry Association recently held a symposium to discuss the challenges faced by the photovoltaic industry and propose to promote high-quality development. 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. UBS pointed out that the industry's main supply chain faces the challenge of loss of cash costs, and believes that capacity utilization will decrease, especially low-end industry participants with poor cash conditions, which will help the industry's supply and demand trends to improve. Currently, corporate profits may have bottomed out, and potential price increases and supply control will drive industry ratings to be re-evaluated.

In addition, the Silicon Industry Branch's May 22 quote shows that polysilicon prices have remained stable this week. Among them, the transaction price range for n-type silicon rod-shaped silicon was 40,000 to 45,000 yuan/ton, and the average transaction price was 43,000 yuan/ton, which remained flat from month to month. The transaction price range for p-type compact materials was 3.40-39,000 yuan/ton, and the average transaction price was 37,300 yuan/ton, which was the same from month to month. The Silicon Industry Branch pointed out that at present, more than half of the leading companies have maintenance plans. No new maintenance projects were actually implemented and stopped this week, but more companies have begun to push forward with maintenance plans. It is expected that the supply of silicon will be further lowered, and mainstream silicon transaction prices are expected to stabilize.