HK Stock Market Move | Photovoltaic stocks rose across the board in the morning, and several ministries jointly issued a statement on anti-internal competition in the photovoltaic industry. Institutions believe that if policies exceed expectations, there is significant room for recovery and growth.

In early trading, photovoltaic stocks rose across the board. As of the time of publication, XINYI ENERGY (03868) rose 26.25% to HK$1.01; XINYI SOLAR (00968) rose 12.46% to HK$3.7; XINTE ENERGY (01799) rose 8.25% to HK$7.61; FLAT GLASS (06865) rose 8.24% to HK$14.44. On the news front, on February 27, the "PV Industry Development Review in 2024 and Outlook for 2025" seminar hosted by the China Photovoltaic Industry Association was held in Beijing. Currently, the National Development and Reform Commission, Ministry of Industry and Information Technology, National Energy Administration, and other departments are studying and perfecting related policy measures to coordinate efforts from both supply and demand sides to promote the industry to recover as soon as possible. CMSC pointed out that a new round of reforms, namely to rectify the internal competition, is expected to begin. Looking at the historical policy releases, it is recommended to focus on the "new three" industries represented by photovoltaics and lithium batteries. Industrial pointed out that the internal competition in the domestic photovoltaic industry is intensifying, and product prices are rapidly declining. Price wars are causing obvious squeeze on the profitability of the industrial chain, leading to major photovoltaic companies bleeding heavily, and tail-end enterprises are starting to face bankruptcy liquidation. The bank pointed out that the photovoltaic supply side has sounded the policy horn of "anti-internal competition". With the fundamentals/valuation/institutional holdings reaching the bottom range, the photovoltaic sector has entered a stage where it is more sensitive to negative news and positive news. Once there are unexpected policy implementations in the future, the entire sector has considerable room for recovery and slope.