Hong Kong stock market concept tracking | Silicon wafer price increases continue. Photovoltaic companies' production capacity effectively controlled (with concept stocks).

According to the news from the Silicon Industry branch of the China Nonferrous Metals Industry Association, last week the market was in short supply, silicon wafer prices continued to rise, and battery cells also followed suit. According to Sublime China Information, as of January 9th, the domestic photovoltaic glass production capacity is 8.97 million tons per day, considering the limited production due to kiln closures, the actual effective production capacity is lower, and the current capacity has been depleted to a level close to June 23 years ago. As for inventory levels, as of January 9th, the manufacturers' inventory days were 33.7 days, and have generally been decreasing since November 24 years. Looking at the supply side, the industry plans for further kiln maintenance, and the supply is expected to further shrink. In response to this, media reporters contacted the investor relations departments of Shuangliang Eco-Energy Systems and Shanghai Aiko Solar Energy as investors. A representative of Shuangliang Eco-Energy Systems stated that the company's current silicon wafer operations are not much different from before. Regarding the price increase of silicon wafers, the person stated that influenced by industry self-regulation organizations, the industry no longer engages in "internal friction," banning maliciously low prices, and prices have slightly increased. Regarding whether the subsequent price of silicon wafers can be maintained, the person mentioned above stated that it is currently relatively stable, and there is unified deployment and control of sales volume, with effective control of production capacity. Regarding whether there is a supply shortage in the market, the person stated, "I feel it's okay, not to that extent." A representative of Shanghai Aiko Solar Energy confirmed the increase in cell prices, attributing the main reason to upstream price increases. Regarding the market, the person mentioned that there is still an oversupply situation, and the company is currently operating at full capacity. China Securities Co., Ltd. pointed out that the recent rebound in photovoltaic prices is mainly due to silicon wafers and batteries undergoing a few months of destocking cycles, with inventories at a low point, and with demand concentrated due to industry chain stocking before the Spring Festival. With the industry currently in a slow season for demand, downstream demand is expected to gradually recover after the Spring Festival, continuing the destocking trend, and the industry chain prices are expected to restore to above cash costs. Further price increases will depend on visible destocking, especially of silicon material inventories. It is estimated that silicon material inventories falling below one month may occur from the fourth quarter of 2025 to the first half of 2026, and at that time silicon material prices are expected to further rise. Related Hong Kong stocks in the photovoltaic industry chain: FLAT GLASS (06865), GCL TECH (03800), XINYI SOLAR (00968), XINTE ENERGY (01799)