HK Stock Market Move | GCL TECH (03800) rises more than 5%, strengthening photovoltaic production capacity control documents may be introduced in the near future.

GCL TECH (03800) rose by more than 5%, rising by 5.56% as of press time, with a price of 1.33 Hong Kong dollars and a turnover of 6.06 billion Hong Kong dollars. On the news side, according to China Securities Journal, the relevant regulatory authorities may issue a document to strengthen the control of photovoltaic capacity, which involves requirements for limiting the existing capacity utilization rate of the entire industry chain and strictly prohibiting the addition of new capacity. In addition, the main contract of polysilicon futures rose by more than 3% intraday, now trading at 50,885 yuan per ton. Huatai previously pointed out that the company's advantages in silicon granules cost + energy consumption are significant, the market share may steadily increase, optimistic about the good self-discipline effect of the industry + the gradual implementation of supply-side policies, and the company has a large profit repair space.