News of May 30,$Photovoltaic Power (LIST1233.HK)$The market rebelled against the market in early trading. As of press release,$GCL TECH (03800.HK)$rose 7.38% to HK$1.60;$XINYI SOLAR (00968.HK)$Up 4.73% to HK$5.54;$FLAT GLASS (06865.HK)$up 4.56% to HK$16.96;$XINTE ENERGY (01799.HK)$It rose 4.06% to HK$10.0.

CITIC Securities said that oversupply pressure on the PV supply continues to put pressure on industrial chain prices and profits, while industry expansion is gradually limited, and stock production capacity is driven by multiple factors such as technological iteration, cost differences, inventory accumulation, and financial pressure. Backward production capacity is expected to clear up at an accelerated pace, and the reshaping of the industry supply pattern is expected to drive the industrial chain to usher in an extremely bright dawn.

The bank pointed out that in anticipation of gradual loss of production capacity, the policy side further clarified the “double carbon” strategy, rationalized and adjusted the 2024/25 development goals in line with the current situation in the new energy industry, and proposed speeding up the improvement of green certification and other systems, which is expected to strengthen confidence in the development of the new energy industry.