Hong Kong stock concept tracking | Leading photovoltaic component companies collectively raise prices, the entry of new energy accelerates or triggers a "photovoltaic installation rush" (concept stocks attached)

Recently, there have been rumors in the market that many domestic first-tier photovoltaic module companies have collectively raised module prices, with the price increase ranging from a few cents per watt. This was initially interpreted within the industry as a positive signal of a bottoming out trend. A person close to the market department of LONGi Green Energy Technology stated that due to the impact of electricity reform policies, the company's distributed factory price increased by 0.03 yuan/watt to 0.05 yuan/watt last week, while centralized prices have not changed. Trina Solar Co., Ltd. also confirmed the price increase rumors. A relevant person in charge of Trina Solar Co., Ltd. stated that the prices of modules sold to customers through channels have increased by 0.02 yuan/watt to 0.03 yuan/watt. Currently, price increases have been confirmed in the domestic and European markets, while the situation in the US market is unclear. When asked about the reasons for the price increase in the domestic and European markets, Trina Solar Co., Ltd. responded, "Industry self-discipline in China is gradually taking effect, and market regulation mechanisms are gradually returning. In Europe, inventory clearance has basically been completed." A relevant person from JA Solar Technology stated that market demand has warmed up after the Spring Festival, and the company's subsequent order situation is very good. The price increase of photovoltaic modules, in addition to being supported by market demand, is also due to the upstream raw materials still being in a loss-making state, putting pressure on cost increases, necessitating the transmission of the price increase to components (cost pressure). On February 9th, the National Development and Reform Commission and the National Energy Administration issued a notice on deepening the market-based reform of new energy grid-connected electricity prices to promote the high-quality development of new energy. One of the most notable points of the notice is the clear distinction between "old and new," with projects connected to the grid before June 1st of this year being subject to existing policies, while projects connected after that date will be subject to new policies. After the comprehensive marketization of new energy grid-connected electricity prices, prices will be determined by market competition among different sources of electricity generation, such as thermal power and hydropower - with the lowest price winning, rather than the fixed price model. Analysts believe that after the comprehensive marketization of new energy grid-connected electricity prices, the investment returns of new energy projects will change, affecting the enthusiasm for investing in new energy projects. It is expected that there may be a rush to connect projects before June 1st, leading to a possible increase in the prices of photovoltaic modules. In fact, in mid-October last year, with the announcement of the lowest cost of the photovoltaic main industry chain by the China Photovoltaic Industry Association, industry self-discipline actions reached a climax. Compared to December last year, the lowest bid price and average bid price for photovoltaic modules have increased significantly up to 2025. China Post Securities stated that the main reason for the increase in module prices in Europe is the improvement in demand. Europe usually imports stock in the second quarter, while the reduction in rebates has led to an increase in the cost of exporting modules from China. As for the Chinese market, with the acceleration of policies promoting the entry of new energy into the market, grid connection before May 31st can relatively lock in the station's income, leading to a potential rush to connect projects. Related concept stocks: XINYI SOLAR (00968): Citigroup stated that XINYI SOLAR has initiated a positive 90-day catalyst watch, expecting an increase in demand driven by the recovery of seasonal demand, as well as a installation frenzy of CECEP Solar Energy in China before June 1st, leading to an increase in prices of CECEP Solar Energy glass. GCL TECH (03800): In the fourth quarter of 2024, GCL TECH's production of polysilicon was 70,900 tons, with sales of 74,600 tons, and the cash cost including R&D expenses was 28.17 yuan/kg, a significant decrease of 15% from the third quarter's 33.18 yuan/kg, setting a new industry record. At the same time, the company achieved a production of 269,200 tons of polysilicon in 2024, with shipments of 281,900 tons, continuously reducing inventory. With the overall industry price increase, the company is expected to be the first to reach a profit turning point with its cost advantage. XINTE ENERGY (01799): The company's main business is the production of polysilicon, providing engineering construction contracting services to CECEP Solar Energy and wind power plants, and operating CECEP Solar Energy and wind power plants.