Changes in Hong Kong stocks | Junda shares (02865) fell more than 3%. The company's third-quarter results were pressured by low product prices in the industry

The Zhitong Finance App learned that Junda shares (02865) fell by more than 3% and had risen more than 7% in early trading. As of press release, it decreased by 2.84% to HK$11.27, with a turnover of HK$140 million.

According to the news, recently, Junda Co., Ltd. disclosed its third quarter results. The Changjiang Securities Research Report indicated that Junda's revenue for the first three quarters of 2026 was 5.22 billion yuan, -8.1% year-on-year; net profit to mother - 430 million yuan; and net profit after deducting non-net profit - 540 million yuan. Looking at a single quarter, the company's 2026Q3 revenue was 2.04 billion yuan, +1.2% year-on-year, +37.4% month-on-month; net profit to mother - 180 million yuan; deducted non-net profit - 200 million yuan.

Changjiang Securities said that in the first three quarters of 2026, due to a combination of factors such as domestic electricity price policy adjustments, a phased decline in terminal installed demand, and overseas trade barriers, the supply and demand pattern of the entire PV industry chain has not improved substantially. Prices of industry products fluctuated at a low level, and the operating performance of Junda Co., Ltd. was under pressure. Looking ahead, in the traditional photovoltaic sector, the company's production base in Turkey is expected to increase shipments in 2026Q4, and business results will gradually be reflected. As exports of photovoltaic equipment are banned and restricted, the scarcity of overseas battery production capacity is further highlighted, which will also drive domestic battery exports.