According to Zhitong Finance APP, photovoltaic stocks are among the top gainers. As of the time of writing, GCL TECH (03800) rose by 5.43% to HKD 1.36; TRIUMPH NEW EN (01108) increased by 5.71% to HKD 4.63; FLAT GLASS (06865) climbed by 5.85% to HKD 11.21; and XINYI SOLAR (00968) went up by 3.25% to HKD 3.49.
In terms of news, according to announcements from Solar Energy and Jinkai New Energy, several new energy power generation operators have recently received renewable energy subsidy funds. From January to August, the photovoltaic project companies under Solar Energy received subsidy funds that increased by 232% year-on-year, reaching 170% of the total amount for the entire year of 2024; Jinkai New Energy received subsidy funds that increased by 342% year-on-year, reaching 190% of the total amount for the entire year of 2024. Analysts pointed out that against the backdrop of pressure on returns from wind and solar projects due to market-oriented transactions on the income side and rising costs on the cost side, &#34;the concentrated issuance of historically overdue subsidies&#34; is a potential policy measure that can immediately stimulate developers' investment enthusiasm and is also expected to provide certain support for domestic photovoltaic demand in 2026.
Kaiyuan Securities recently released a research report stating that since July, relevant meetings have been held intensively. On August 19, a symposium on the photovoltaic industry was jointly held by the Ministry of Industry and Information Technology and five other departments, clarifying the need to standardize industry competition order and strengthen the determination to combat internal competition. Currently, positive signals have emerged in the market. In the polysilicon sector, the silicon material storage plan is being advanced in parallel with industry self-discipline. Since July, transaction prices have continued to warm up, and on September 1, polysilicon prices were further raised, with rod silicon reaching RMB 55 per kilogram and granular silicon priced at RMB 49 per kilogram. On August 25, the bidding prices of candidates for the China Resources 3GW module procurement project all exceeded RMB 0.7 per watt, higher than the current mainstream level

00968

600876

01108

03800

601865

06865

The photovoltaic stocks have seen significant increases, with GCL TECH, TRIUMPH NEW EN, FLAT GLASS, and XINYI SOLAR all rising. Several new energy generation operators have recently received renewable energy subsidies, with solar project company subsidy funds increasing by 232% year-on-year, and Jinkai New Energy increasing by 342%. Analysts believe that the concentrated issuance of historically overdue subsidies will stimulate developer investment, and it is expected to support domestic photovoltaic demand in 2026. Market signals are positive, with polysilicon prices rebounding and the bidding price for component centralized procurement projects exceeding 0.7 yuan/watt

Zhitong

XINYI SOLAR

Triumph New Energy

TRIUMPH NEW EN

GCL TECH

FLAT

FLAT GLASS

Understanding the Market | Photovoltaic stocks lead the gains, multiple new energy generation operators have received subsidy funds, which is expected to support domestic demand next year