According to the Smart Finance app, shares of Xinte Energy (01799) fell more than 3%, as of press time, down 3.17% to HK$8.56, with a turnover of HK$10.48 million.

On the news front, the decline in polysilicon prices slowed last week, with compact materials slightly down 0.5 yuan/kg to 35.5 yuan/kg from the previous week. Institutions stated that market transactions remain sluggish, and the significant recovery of valuations for polysilicon is yet to come. In addition, according to Mysteel Photovoltaic, silicon material companies have reduced production and controlled inventory levels by suspending production and maintenance to stabilize prices. However, given the current situation of production cuts, it is still difficult to alleviate the supply and demand and inventory pressure of silicon materials in the short term.