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Hong Kong stocks are moving differently | Solar stocks dropped today as the current solar installation rush comes to an end, and the quotes in the solar Industry Chain are accelerating their loosening.
Photovoltaic stocks fell today. As of the time of writing, FLAT GLASS (06865) is down 4.7%, trading at HKD 8.31; IRICO NEWENERGY (00438) is down 2.8%, trading at HKD 2.08; XINYI SOLAR (00968) is down 2.66%, trading at HKD 2.56; XINTE ENERGY (01799) is down 1.32%, trading at HKD 4.5.
Earnings Preview: FLAT GLASS to Report Financial Results on April 30
Insiders at Flat Glass Group Co., Ltd. (HKG:6865) Must Be Dismayed With the Latest 6.7% Dip After Buying Recently
China Great Wall: In March, the solar Industry in China showed signs of stabilization and recovery, with the Power Inverter expected to recover first.
After a year of adjustment in the Industry, 2024 may mark the bottom of profitability. The Power Inverter is expected to recover first due to technological barriers, and the supply-demand rebalancing will optimize the competitive landscape.
Flat Glass Group (601865.SH): Quartzite mine is the quartz ore used for Photovoltaic Glass.
Gelonghui, April 22, Flat Glass Group (601865.SH) stated on the interactive platform that our quartz rock mine is quartz ore used for Photovoltaic Glass.
Pacific Securities: The Quote for The Pacific Industry Chain in the photovoltaic sector is accelerating downward.
With the end of inventory preparation, the Quote in the photovoltaic Industry Chain is accelerating to loosen, due to significant price drops in the downstream market and an increased shipping intention from some leading Polysilicon manufacturers, the price of Block Orders for Polysilicon is rapidly declining, approaching mainstream cash costs.
