HK Stock Market Move | Photovoltaic stocks weaken again, Photovoltaic Association confirms establishment of storage and procurement platform, Photovoltaic glass prices still under pressure.

Photovoltaic stocks weakened again. As of the time of writing, XINTE ENERGY (01799) fell by 3.96% to 7.03 Hong Kong dollars; XINYI SOLAR (00968) fell by 3.33% to 2.9 Hong Kong dollars; FLAT GLASS (06865) fell by 2.64% to 9.57 Hong Kong dollars; Fuyao Glass Industry Group (03606) fell by 1.73% to 65.2 Hong Kong dollars. On the news front, the Photovoltaic Association confirmed that "Guangheqiancheng" company is the capacity receiving and storage platform. In addition, there are rumors that major photovoltaic enterprises will continue to invest around 30 billion yuan to start the capacity receiving and storage work. Xinhu Futures pointed out that after months of market speculation, the platform has finally landed, and the amount may be significantly different from the initial 70 billion yuan, but it also marks the beginning of substantial work in the photovoltaic industry against internal competition. Dongzheng Futures pointed out that last week, the gross profit margin of the photovoltaic glass industry further widened to approximately -13.56%. With natural gas prices gradually starting to rise during the winter, costs have increased, while the price of photovoltaic glass continues to decline, leading to increasing industry losses. Overall, due to a clear lack of downstream orders and a large gap between supply and demand in the industry, there is still downward pressure on the price of photovoltaic glass in the short term.