Changes in Hong Kong stocks | PV stocks expanded their gains in the afternoon, PV industry's three-quarter report disclosure ended, showing signs of structural improvement

The Zhitong Finance App learned that PV stocks increased in the afternoon. As of press release, Xinyi Solar (00968) rose 9.12% to HK$2.035; Follett Glass (06865) rose 6.72% to HK$5.56; GCL Technology (03800) rose 6.03% to HK$0.615; and Junda shares (02865) rose 4.09% to HK$11.97.

According to the news, the disclosure of the photovoltaic industry's three-quarter report has come to an end, and signs of structural improvements have emerged. The total net loss of the eight leading enterprises in the main industrial chain is about 27.7 billion yuan, but some of them are reducing their losses. Among them, Aixu Co., Ltd. reversed losses in a single quarter, Jingke Energy reduced losses by more than 80% month-on-month, Longji Green Energy reduced losses by more than 40% month-on-month, and operating cash flow was positive in the third quarter.

In addition, according to data from the National Energy Administration, the number of PV installations added 13.64 GW in a single month in September, up 41.2% year on year and 23.6% month on month. Changjiang Securities said that the PV sector is currently at the triple bottom of “valuation bottom+position bottom+basic bottom”. Short-term third-quarter performance loss reduction and anti-domestic policies are all expected to act as catalysts.