HK Stock Market Move | Photovoltaic stocks fell again in early trading, and the Photovoltaic Industry Association clarified the rumors related to polycrystalline silicon. Prices may experience a pullback after emotions cool down.
Photovoltaic stocks fell again in the morning session, as of the deadline, XinTEr Energy (01799) fell by 4.75% to HK$7.02; Flat Glass (06865) fell by 3.52% to HK$10.42; GCL-Poly Energy (00968) fell by 3.75% to HK$3.08; and GCL New Energy (00868) fell by 3.75% to HK$8.22.
Photovoltaic stocks fell again in the morning, as of press time, XINTE ENERGY (01799) dropped 4.75% to HK$7.02; FLAT GLASS (06865) dropped 3.52% to HK$10.42; XINYI SOLAR (00968) dropped 3.75% to HK$3.08; XINYI GLASS (00868) dropped 3.75% to HK$8.22.
On the news front, the China Photovoltaic Industry Association issued a clarification stating that recently, some self-media outlets have published news about the industry's anti-"involution", especially in the area of polycrystalline silicon. The association stated that "the relevant content is severely inconsistent with the actual situation. Please do not believe rumors or spread rumors." The association indicated that it will promote anti-"involution" work based on legal and market principles, striving to quickly move away from vicious internal competition. It encouraged everyone to rely on official information and thanked everyone for their support to the photovoltaic industry, acknowledging that there is still a long way to go.
It is worth noting that the Photovoltaic Industry Association did not specify the details of the clarification. According to information obtained by Securities Times reporters from various sources within the industry, the clarification may be related to market rumors about the polycrystalline silicon industry engaging in large-scale storage and small-scale distribution. In addition, Liu Zhongying, a researcher at Jinrui Futures, stated that last week's polycrystalline silicon production reached 25,500 tons, an increase of 2,500 tons from the previous period. Downstream production remains low, and there are signs of weakening fundamentals in the polycrystalline silicon market, with price trends contradicting fundamentals. Despite the strong market sentiment and policy expectations, it is important to be cautious as future policies may not meet expectations, leading to a cooling of sentiment and a price correction.
Related Articles

HK Stock Market Move | EASY SMART GP (02442) surged more than 36% again, with the stock price doubling in the past three trading days. The company announced the appointment of a new executive director.

Citi (U.S.) has appointed three new senior executives in the Asia-Pacific region to further expand its investment banking and capital markets business.

HK Stock Market Move | CHINA TOWER (00788) rose nearly 3% in the afternoon, with a year-on-year increase of 8% in net profit in the first half of the year. The interim dividend is 0.1325 yuan.
HK Stock Market Move | EASY SMART GP (02442) surged more than 36% again, with the stock price doubling in the past three trading days. The company announced the appointment of a new executive director.

Citi (U.S.) has appointed three new senior executives in the Asia-Pacific region to further expand its investment banking and capital markets business.

HK Stock Market Move | CHINA TOWER (00788) rose nearly 3% in the afternoon, with a year-on-year increase of 8% in net profit in the first half of the year. The interim dividend is 0.1325 yuan.

RECOMMEND

EU Defers Two Retaliatory Measures Against U.S. Tariffs by Six Months to Facilitate Trade Negotiations
05/08/2025

July Special Bond Issuance Reaches Year-to-Date Peak, Poised to Reinforce Infrastructure Investment
05/08/2025

Inbound Tourism Accelerates as China’s Travel Service Exports Jump Nearly 70% in H1
05/08/2025