Jingu Financial News | Photovoltaic power stocks generally declined, bj energy intl (00686) fell by 3.81%, sfce (01165) fell by 3.7%, xinyi solar (00968) fell by 3.3%, flat glass (06865) fell by 2.82%, and xinyi glass (00868) fell by 2.5%.

On the news front, htsc cited data showing 1) Production: From January to October 2024, the output of polysilicon, silicon wafers, solar cells, and modules was 1.58 million tons/608GW/510GW/453GW, respectively, year-on-year increases of +42%/33%/25%/21%; during the same period, domestic newly installed capacity was 181.3GW, +27% year-on-year. 2) Capacity: From January to October 2024, the number of domestic projects put into operation/under construction/planned declined by more than 75% year-on-year, with production capacity shifting overseas to the Middle East and usa, where LONGi and Jinko's usa module capacity has already been put into operation. 3) Exports: From January to October 2024, the export volume of solar cells/modules increased by +41.8%/+15.9% year-on-year, and the total export value of photovoltaic products (silicon wafers, solar cells, modules) was 28.14 billion dollars, a year-on-year decrease of 34.5%. 4) Prices: From January to October 2024, the prices of polysilicon, silicon wafers, solar cells, and modules fell by more than 35%/45%/25%/25%, while silicon material prices have slightly recovered since Q3, and the bidding prices for modules have stabilized after mid-October. 5) Operation: In the first three quarters of 2024, the output value of photovoltaic manufacturing dropped by more than 44.7%, with 39 out of 121 listed photovoltaic companies reporting net losses.