Core Viewpoint - The recent sharp decline in the stock price of Canadian Solar (阿特斯) highlights the fragility of market sentiment, exacerbated by rumors regarding the photovoltaic industry, particularly concerning the failure of a multi-crystalline silicon storage platform, which led to panic selling across the sector [4][6]. Group 1: Stock Performance - On November 12, Canadian Solar's stock opened lower and closed at 20.56 yuan, marking a decline of 14.33%, with a trading volume exceeding 58 billion yuan [1]. - Following the significant drop, the stock continued to decline by 1.51% on November 13, reaching a low of 19.7 yuan before recovering [2]. - The stock price surged from a low of 12.3 yuan on October 29 to a high of 24.28 yuan on November 11, nearly doubling in just ten trading days, which contributed to the overall rise in the photovoltaic sector [4]. Group 2: Industry Context - The decline in stock prices was triggered by rumors about the failure of key initiatives aimed at curbing competition within the photovoltaic industry, which were perceived as authoritative due to their source [4][6]. - The photovoltaic industry is currently facing severe challenges, including overcapacity and price wars, leading to a difficult market environment across all segments, from polysilicon to solar modules [6]. - The rise of trade protectionism in overseas markets has further complicated the industry's growth prospects, necessitating industry consolidation and restructuring, which will take time to materialize [6]. Group 3: Market Sentiment and Future Outlook - The stock market often reacts to expectations, and Canadian Solar's recent positive news led to a buildup of profit-taking positions, which were quickly liquidated in response to negative rumors [7]. - The future performance of the photovoltaic industry will depend on improvements in fundamental conditions, such as capacity reduction, price stabilization, and the introduction of new technologies that can drive growth [7].

消息面上，日前有传言多晶硅收储平台"黄了"，中国光伏行业协会12日发表声明称，网络流传小道消息 均为不实信息，妄图通过造谣抹黑、恶意做空光伏行业牟取利益的恶劣行为，将与之斗争到底。光伏行 业协会执行秘书长刘译阳表示，不要低估政策决心，光伏行业不走出内卷式恶性竞争誓不罢休。此外， 晶澳科技（002459）昨晚公告澄清，公司董事会秘书未在任何内部或外部会议上发表过网传言论，相关 内容系网络谣传严重误导公众认知。 光伏股今日回暖，截至发稿，新特能源(01799)涨4.4%，报8.78港元；福莱特（601865）玻璃(06865)涨 2.86%，报12.96港元；信义光能(00968)涨2.41%，报3.82港元；协鑫科技(03800)涨2.27%，报1.35港元。 ...

Core Viewpoint - The photovoltaic (PV) stocks have rebounded today, with notable increases in share prices for several companies, amidst rumors regarding the multi-crystalline silicon storage platform being "failed" which were dismissed by the China Photovoltaic Industry Association as false information [1] Group 1: Stock Performance - New Energy (01799) increased by 4.4%, reaching HKD 8.78 [1] - Flat Glass (06865) rose by 2.86%, reaching HKD 12.96 [1] - Xinyi Solar (00968) saw a rise of 2.41%, reaching HKD 3.82 [1] - GCL-Poly Energy (03800) increased by 2.27%, reaching HKD 1.35 [1] Group 2: Industry Response - The China Photovoltaic Industry Association issued a statement on the 12th, labeling the circulating rumors as false and indicating that such malicious actions aim to undermine the PV industry for profit [1] - Liu Yiyang, the Executive Secretary of the Association, emphasized the determination of policies and the industry's commitment to avoid destructive competition [1] - JA Solar Technology clarified that its board secretary did not make any statements in internal or external meetings regarding the rumors, labeling the information as serious misinformation [1]

Market Overview - On November 12, the A-share market showed a slight decline, with the Shanghai Composite Index down 0.07%, the Shenzhen Component Index down 0.36%, and the ChiNext Index down 0.39% [2][3] - The total trading volume in the Shanghai and Shenzhen markets was 1.95 trillion yuan, a decrease of 48.6 billion yuan compared to the previous trading day [2] Sector Performance - The insurance, pharmaceutical, and oil & gas sectors saw the largest gains, while sectors such as cultivated diamonds, photovoltaics, and controllable nuclear fusion experienced the most significant declines [2] International Market - In the U.S. stock market, the Dow Jones Industrial Average rose by 326.86 points (0.68%) to close at 48,254.82 points, while the S&P 500 increased by 4.31 points (0.06%) to 6,850.92 points. The Nasdaq Composite fell by 61.84 points (0.26%) to 23,406.46 points [4][5] - European markets also saw gains, with the FTSE 100 up 0.12%, the CAC 40 up 1.04%, and the DAX up 1.22% [4] Commodity Prices - International oil prices fell, with WTI crude oil down 4.18% to $58.49 per barrel and Brent crude down 3.76% to $62.71 per barrel [4][5] Industry News - The China Photovoltaic Industry Association issued a statement refuting rumors aimed at discrediting the photovoltaic industry, emphasizing ongoing efforts to promote industry self-discipline and combat malicious short-selling [6] - The National Energy Administration announced plans to promote the application of renewable energy for heating, encouraging the development of multi-energy coupling comprehensive energy supply stations [7][8] Investment Insights - According to Debang Securities, the short-term market may continue to see a structural trend dominated by "new energy + policy themes," with a focus on the progress and effects of the "anti-involution" policy in the photovoltaic sector [12] - Pacific Securities noted that technology stocks are expected to show differentiation, with those supported by performance likely to maintain upward momentum, while those without may face significant corrections [12] Capital Market Developments - The Shanghai Stock Exchange International Investor Conference highlighted the importance of stabilizing the capital market and enhancing its internal stability, with plans to deepen reforms and expand long-term investment [9][10]

| 锦浪科技 | 80.20 | -6.77% | | --- | --- | --- | | 300763.SZ | | | | 爱旭股份 | 15.68 | -6.50% | | 600732.SH | | | | 天合光能 | 20.68 | -6.43% | | 688599.SH | | | | 固德威 | 61.19 | -6.15% | | 688390.SH | | | | 福斯特 | 15.59 | -6.08% | | 603806.SH | | | | 通威股份 | 25.10 | -6.06% | | 600438.SH | | | | 高测股份 | 10.52 | -5.90% | | 688556.SH | | | | 三字股份 | 22.39 | -5.88% | | 603938.SH | | | | 快可电子 | 38.95 | -5.23% | | 301278.SZ | | | | 禾望电气 | 30.57 | -5.09% | | 603063.SH | | | | 晶科能源 | 6.06 | -5.02% | | 688223.SH | | | 相步结 11月12日， ...

Core Viewpoint - The recent rumors regarding the photovoltaic industry, particularly the claim that the industry's storage initiative has failed, have been officially denied by JinkoSolar, which stated that such information is misleading and damaging to the company's and industry's reputation [1][3][5]. Group 1: Company Response - JinkoSolar's board secretary has not made any statements in internal or external meetings regarding the rumors circulating online, which the company categorizes as false information [1]. - JinkoSolar reserves the right to pursue legal action against those spreading false information [5]. Group 2: Market Reaction - Following the rumors, shares of photovoltaic and energy storage companies experienced significant declines, with Tongwei Co. hitting the daily limit down, and other companies like Canadian Solar and Aiko Energy dropping over 10% [1]. - JinkoSolar's stock closed at 14.03 yuan per share, reflecting a decrease of 6.84%, with a total market capitalization of 46.43 billion yuan [5]. Group 3: Industry Association's Position - The China Photovoltaic Industry Association has urged the public not to believe or spread rumors, emphasizing their commitment to industry self-regulation and efforts to combat "involution" [3]. - The association confirmed that the rumors circulating are untrue and that they are working steadily with industry enterprises to promote market-oriented and legal measures [3].

Core Viewpoint - JinkoSolar issued a clarification statement denying that its board secretary made any comments regarding the photovoltaic industry's storage plans, labeling the circulating information as false and damaging to the company's reputation [1][5]. Group 1: Company Response - JinkoSolar announced that its board secretary did not make any statements at internal or external meetings, and the rumors are misleading [1]. - The company reserves the right to pursue legal action against those spreading false information [5]. Group 2: Market Impact - Following the rumors, shares of JinkoSolar fell by 6.84%, closing at 14.03 CNY per share, with a total market capitalization of 46.43 billion CNY [5][6]. - Other companies in the photovoltaic and energy storage sectors also experienced significant declines, with Tongwei Co. hitting the daily limit down and others like Canadian Solar and Aiko Energy dropping over 10% [1]. Group 3: Industry Association's Position - The China Photovoltaic Industry Association urged the public not to believe or spread rumors, emphasizing their commitment to industry self-regulation and efforts to combat "involution" [3]. - The association stated that they are working with various enterprises to promote market-oriented and legal approaches to industry challenges [3].

Core Viewpoint - JinkoSolar issued a clarification announcement denying that its board secretary made any statements at internal or external meetings regarding rumors about the photovoltaic industry's storage initiative being "failed" [2][5][10]. Group 1: Company Response - JinkoSolar stated that the rumors circulating are false and have severely misled public perception, damaging the company's and the industry's reputation [2][10]. - The company reserves the right to pursue legal action against those spreading false information [12]. Group 2: Market Reaction - Following the rumors, shares of photovoltaic and energy storage concept stocks experienced a decline, with Tongwei Co. hitting the daily limit down and other companies like Canadian Solar and Aiko Energy dropping over 10% [6]. - JinkoSolar's stock closed at 14.03 yuan per share, reflecting a decline of 6.84%, with a total market capitalization of 46.43 billion yuan [12]. Group 3: Industry Context - The China Photovoltaic Industry Association emphasized the importance of not believing or spreading rumors, stating that efforts to promote industry self-discipline and "anti-involution" are ongoing [10]. - The association confirmed that the information circulating about the industry is untrue and that they are working collaboratively with enterprises to advance relevant initiatives [10].

Core Viewpoint - JinkoSolar has issued a clarification statement denying rumors that its board secretary made comments about the photovoltaic industry's storage plans being "failed" during a monthly meeting, asserting that such claims are false and misleading to the public [2][6]. Group 1: Company Response - JinkoSolar's announcement on November 12 states that the board secretary did not make any statements in internal or external meetings regarding the rumored comments [2]. - The company reserves the right to pursue legal action against those spreading false information [8]. Group 2: Market Reaction - Following the rumors, shares of JinkoSolar fell by 6.84%, closing at 14.03 yuan per share, with a total market capitalization of 46.43 billion yuan [9][10]. - Other companies in the photovoltaic and energy storage sectors also experienced significant declines, with Tongwei Co. hitting the daily limit down and other firms like Canadian Solar and Aiko Energy dropping over 10% [2]. Group 3: Industry Association's Position - On the same day, the China Photovoltaic Industry Association's executive secretary urged the public not to believe or spread rumors [5]. - The association emphasized its commitment to promoting industry self-discipline and addressing market challenges collaboratively [5][6].

Group 1 - The core viewpoint of the article is that JinkoSolar has issued a clarification statement denying rumors about its Secretary of the Board making negative comments regarding the photovoltaic industry's storage plans, which were deemed misleading and damaging to the company's reputation [2][5]. - On November 12, rumors circulated that the Secretary of the Board stated during a monthly meeting that the photovoltaic industry's storage initiative had "failed," leading to a significant market reaction with declines in various solar and energy storage stocks [2][5]. - Following the rumors, JinkoSolar's stock price fell by 6.84% to 14.03 CNY per share, resulting in a total market capitalization of 46.43 billion CNY [7]. Group 2 - The China Photovoltaic Industry Association has also responded to the rumors, urging the public not to believe or spread false information, and reaffirming its commitment to promoting industry self-discipline and market-driven initiatives [5]. - JinkoSolar has reserved the right to pursue legal action against those spreading false information, emphasizing its core business in solar photovoltaic products and energy storage systems [7].