Core Viewpoint - The photovoltaic sector is experiencing a collective decline, with significant drops in stock prices for major companies, attributed to weak domestic demand and a decrease in new installations [1] Industry Summary - In August, China's new photovoltaic installations reached 7.4 GW, representing a year-on-year decline of 55.3% and a month-on-month decline of 33.3% [1] - Dongwu Securities indicates that the domestic terminal demand is weak in Q3, leading to a slight decrease in production, while policies are strongly guiding against excessive competition in the photovoltaic sector [1] - The current price of silicon material is over 50 yuan/kg, with silicon wafers and batteries priced in line, while the demand for components remains to be observed [1] Company Summary - New Energy (01799) saw a stock price drop of 7.36%, trading at 8.31 HKD; Flat Glass (06865) fell by 6.54% to 11.72 HKD; Xinyi Solar (00968) decreased by 4.45% to 3.65 HKD; and Fuyao Glass (600660) (03606) dropped by 2.46% to 74 HKD [1] - Zhongyuan Securities reports that in September, prices for polysilicon, silicon wafers, batteries, and photovoltaic modules increased, but the price rise in upstream materials outpaced that of downstream products [1] - Photovoltaic glass prices are gradually recovering due to reduced production from leading companies, lower industry inventory, and a contraction in supply [1]
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
Zhi Tong Cai Jing·2025-10-10 06:04