Core Viewpoint - The solar stock sector has collectively declined, with significant drops in share prices for companies such as New Special Energy, Fuyao Glass, and Xinyi Solar, attributed to weak domestic demand and declining installation figures in August [1] Industry Summary - In August, China's newly installed photovoltaic capacity was 7.4 GW, representing a year-on-year decrease of 55.3% and a month-on-month decrease of 33.3% [1] - Dongwu Securities noted that the domestic terminal demand support is weak in Q3, leading to a slight decrease in production, with policies aimed at reducing competition within the solar industry [1] - The current price of silicon material is over 50 yuan/kg, with silicon wafers and batteries priced accordingly, while the demand for components remains to be observed [1] Company Summary - Zhongyuan Securities reported that in September, prices for polysilicon, silicon wafers, batteries, and photovoltaic modules all increased, but the price rise in upstream materials outpaced that of downstream products [1] - The price of photovoltaic glass is gradually recovering due to reduced production from leading companies, lower industry inventory, and a contraction in supply [1] - Looking ahead, the overall market remains weak following previous surges in installation, with centralized projects expected to drive installation demand, while the stability of terminal component prices and the impact of anti-competition measures will influence the photovoltaic industry's pricing trends [1]
港股异动 | 光伏股集体回落 三季度国内终端需求支撑偏弱 市场关注终端组件价格承接力度