Zhi Tong Cai Jing·2025-11-07 07:31Core Viewpoint - The photovoltaic stocks continue to rise, driven by news of a planned restructuring platform for polysilicon, which is expected to create a fund of approximately 70 billion yuan for acquisitions [1][1]. Group 1: Stock Performance - Xinyi Solar (00968) increased by 5.42%, trading at 3.89 HKD [1]. - Flat Glass (601865) rose by 4.79%, reaching 12.69 HKD [1]. - New Energy (01799) saw a 2.48% increase, priced at 8.68 HKD [1]. - GCL-Poly Energy (03800) gained 2.17%, trading at 1.41 HKD [1]. Group 2: Industry Developments - A consortium for the restructuring of polysilicon is in the planning stages, with specific acquisition details still under discussion [1]. - The consortium is expected to establish a fund of around 70 billion yuan, utilizing a leveraged acquisition strategy [1]. - GCL-Poly's chairman indicated that 17 leading companies have largely agreed to form the consortium, with completion anticipated by 2025 [1]. Group 3: Market Trends - According to a report from Industrial Securities, the third quarter saw a rise in polysilicon prices due to anti-competitive measures, leading to a reduction in losses for the photovoltaic main chain [1]. - The photovoltaic industry is expected to experience a quarter-on-quarter improvement in performance, supported by both anti-competitive measures and structural opportunities from supply-side reforms and technological changes [1].