HK Stock Market Move | PV stocks continue to rise as the State Administration for Market Regulation conducts compliance guidance on pricing in the photovoltaic industry, and the standards for cost accounting are being accelerated for implementation.

Solar stocks continue to rise. As of the time of writing, XINYI SOLAR (00968) is up 6.59%, trading at HKD 2.345; GCL TECH (03800) has risen 5.74%, priced at HKD 0.645; XINTE ENERGY (01799) increased by 3.61%, reaching HKD 4.02; and FLAT GLASS (06865) is up 2.16%, priced at HKD 7.1. On the news front, on July 31, the State Administration for Market Regulation conducted price compliance guidance for the photovoltaic industry in Yancheng City, Jiangsu Province, aiming to deeply address "involutionary" competition and promote a shift among photovoltaic companies from competing on "price" to competing on "quality," thereby facilitating high-quality development within the photovoltaic industry. The State Administration for Market Regulation emphasized that photovoltaic companies must fully recognize the current development situation of the industry, proactively strengthen cost accounting management, establish a sound price compliance system, conduct comprehensive self-inspection and self-correction, firmly establish the concepts of compliant operation and rational competition, resist malicious low-price competition, and maintain market price order. Huatai previously pointed out that specific details of three mandatory national standards for the photovoltaic industry have been made public. Among them, the energy consumption grade requirements for silicon materials were somewhat beyond expectations. The firm noted that the release of mandatory national standards means that the rigid entry threshold for the four main links of silicon materials, silicon wafers, cells, and modules will be raised, reiterating the outlook for improved year-on-year pressure on photovoltaic demand in the second half of 2026, with the mandatory national standards accelerating the clearing of supply-side issues by 2027.