Changes in Hong Kong stocks | PV stocks continue to fall, and the establishment of a polysilicon storage platform says demand for PV terminals is still weak

The Zhitong Finance App learned that PV stocks continued to decline. As of press release, Xinte Energy (01799) fell 3.84% to HK$7.26; Xinyi Solar (00968) fell 3.21% to HK$3.02; Follett Glass (06865) fell 2.4% to HK$9.77.

According to the news, according to Surge reports, there is news that the much-publicized polysilicon production capacity integration and acquisition platform has been formally established. The company name is Beijing Guanghe Qiancheng Technology Co., Ltd., with a registered capital of 3 billion yuan. According to a CFA reporter from the enterprise survey, Tongwei Holdings Sun Company holds 30.35% of Guang and Qiancheng; GCL Technology's subsidiary holds 16.79% of the shares, while Dongfang Hope, Daquan Energy, Xinte Energy, and Asia Silicon hold 11.3%, 11.13%, 10.12%, and 7.79% of the shares, respectively. There are a total of 10 shareholders, 9 of which are silicon material manufacturers.

In addition, according to data from the National Energy Administration, China added 12.6 GW of PV installed capacity in October, down 38.3% year on year and up 30.4% month on month; according to SMM, overall PV module production fell 2.43% in November compared to October. InfoLink judged that although production cuts in the battery sector were obvious, the problem of weak terminal demand was not solved. In response to market fluctuations, there are still battery manufacturers that will not rule out further production cuts in the future. There is strong wait-and-see sentiment in the market this week. The overall price trend still needs to wait for the results of upstream and downstream games. It is expected that cell prices will remain stable in the short term.