HK Stock Market Move | Photovoltaic stocks continue to fall, the market is concerned about the rumors of capacity clearance, and institutions indicate that the new installed capacity of photovoltaics may further slow down this year.

The photovoltaic stocks continue to decline. As of the time of publication, FLAT GLASS (06865) fell by 5.79% to 6.02 Hong Kong dollars; Triumph New Energy (01108) fell by 5.43% to 2.61 Hong Kong dollars; XINYI SOLAR (00968) fell by 4.33% to 1.99 Hong Kong dollars; XINTE ENERGY (01799) fell by 1.76% to 3.91 Hong Kong dollars. On the news front, last week, rumors of the implementation of mandatory energy efficiency standards for the entire photovoltaic industry and the clearance of about 30% of outdated production capacity have stimulated the photovoltaic sector. GF Futures stated that, according to SMM statistics, the annual production capacity of photovoltaic components has exceeded 1000GW, with a production of 36.36GW in May and an operating rate of only about 35%, with most of it being high-efficiency capacity. The elimination of low-efficiency capacity is not expected to affect short-term supply and demand. China Great Wall pointed out that the addition of new photovoltaic installations may further slow down this year, and this trend may continue until 2027, mainly due to industry profitability pressure, policy transition coordination, project development standards requirements, and other factors.