HK Stock Market Move | FLAT GLASS (06865) rose nearly 9% in early trading, with the company completing the repurchase of 0.57% of its shares. The price of photovoltaic glass is expected to increase.

FLAT GLASS (06865) rose nearly 9% in early trading, as of the time of writing, it has risen by 6.16% to HK$13.44, with a trading volume of HK$1.17 billion. On the news front, Flat Glass Group announced that as of the disclosure date of this announcement, the company's share repurchase plan has reached the lower limit of the repurchase funds, and has not exceeded the upper limit of the repurchase funds. The share repurchase plan has been completed. The company has repurchased a total of 13.3084 million shares of the company through centralized auction trading, accounting for 0.57% of the total number of shares of the company, with a total amount of approximately RMB 300 million. Huachuang Securities pointed out that the demand resonance for rush installation after March is expected to improve significantly month-on-month, and SMM estimates that component production in March will exceed 50GW. Photovoltaic glass inventory is expected to further decrease, with expectations of price increases, which is expected to drive profit recovery. Dongzheng Futures pointed out that last week, the supply-demand gap in the photovoltaic glass industry further narrowed, prompting photovoltaic glass manufacturers to start planning to resume blocking kiln mouths, providing some support for the price increase of photovoltaic glass.