Xinte Energy (01799) fell more than 7%, as of the time of publication, it dropped by 7.64%, closing at HK$7.62, with a turnover of 29.9638 million Hong Kong dollars.
According to the WiseFinancial APP, Xinte Energy (01799) fell more than 7%, as of the time of publication, it dropped by 7.64%, closing at HK$7.62, with a turnover of 29.9638 million Hong Kong dollars.
On the news front, according to Mysteel Photovoltaic, the pre-holiday polysilicon segment maintains a rising trend, with leading companies showing strong pricing support sentiment. The market's scattered transactions have shifted slightly upwards, although some scattered prices have risen, due to their small volume, the overall price impact is minimal. Long-term transactions continue to face challenges in rising. In September, the domestic polysilicon supply was around 0.13 million tons. Although the supply is still visible, downstream purchases of silicon materials have not met expectations due to price and inventory impacts, leading to an ongoing game between upstream and downstream. It is expected that post-holiday silicon material price adjustments will face considerable pressure.
In the first half of this year, Xinte Energy achieved a total operating income of 11.743 billion yuan, a year-on-year decrease of 33.23%; the net loss attributable to the owners of the parent company was 0.887 billion yuan, compared to a net income of 4.759 billion yuan for the same period last year. During the period, the polysilicon sector achieved an income of 5.867 billion yuan, a year-on-year decrease of 53.50%, mainly due to intensified market competition during the reporting period, with the average selling price of polysilicon dropping by over 70% compared to the same period last year.