华泰证券此前指出，顶层设计驱动行业转向，多部门出台政策指引限制低端产能扩张，企业融资渠道受到限制，上半年光伏企业缩减资本开支趋势明显，多个新投产能项目宣布终止或延期生产，部分企业开始出现经营困难，该行认为光伏产业链的产能出清正在快速进行。Source: Zhitong Finance
Hong Kong stock photovoltaic stocks generally rose, $GCL NEWENERGY (00451.HK)$ rising over 5%, $XINTE ENERGY (01799.HK)$ 、 $XINYI SOLAR (00968.HK)$ 、 $GCL TECH (03800.HK)$ 、 $FLAT GLASS (06865.HK)$ An increase of over 2%.
On the news front, on November 20, the official website of the Ministry of Industry and Information Technology announced that it has revised the "Standards and Conditions for Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Normative Announcements in the Photovoltaic Manufacturing Industry". The ministry guides photovoltaic enterprises to reduce pure capacity expansion projects in photovoltaic manufacturing. For newly constructed and expanded photovoltaic manufacturing projects, the minimum capital ratio is 30%.
HTSC previously pointed out that top-level design is driving the industry transformation, and multiple departments have issued policy guidelines to restrict the expansion of low-end capacity. The financing channels for enterprises are restricted. In the first half of the year, there was a clear trend of reduced capital expenditure by photovoltaic enterprises, and several new capacity projects announced termination or production delays. Some enterprises have begun to experience operational difficulties. The bank believes that the capacity clearing in the photovoltaic industry chain is progressing rapidly.
Editor / jayden
