I'm LongbridgeAI, I can summarize articles.Affected by the significant year-on-year decrease in new domestic photovoltaic installations and the month-on-month decline in exports, photovoltaic stocks collectively fell. Ping An Securities' research report pointed out that due to the overall market entry of new energy leading to depressed clearing prices, coupled with factors such as the cancellation of export tax rebates, both domestic and external demand are weak, and it is expected that the prices and profits of the photovoltaic industry chain will face further pressure
According to Zhitong Finance APP, photovoltaic stocks collectively fell. As of the time of publication, Fuyao Glass (06865) dropped 4.1% to HKD 6.32; Xinyi Solar (00968) fell 3.33% to HKD 2.03; Lens Technology (06613) decreased by 3.04% to HKD 24.24; Fuyao Glass (03606) declined by 1.29% to HKD 53.6.
On the news front, according to data disclosed by the National Energy Administration, the newly installed photovoltaic capacity in China from January to May 2026 was 59.59 GW, a year-on-year decrease of 69.9%, with 8.68 GW added in May. The data shows that from January to May 2026, domestic module exports reached 110.78 GW, a year-on-year increase of about 5%, with May's module export scale at 14.09 GW, which significantly declined both month-on-month and year-on-year.
Ping An Securities released a research report stating that the weakness in domestic demand is related to the comprehensive market entry of new energy. According to the Shaanxi Power Trading Center's release of the weighted average price of real-time market clearing for new energy in May 2026, the real-time clearing weighted average price for photovoltaics was only RMB 35.85/MWh. It is expected that under the current consumption situation, domestic photovoltaic demand will continue to be under pressure. The module export scale in May was only 14.09 GW, a month-on-month decrease of about 44%, which may be influenced to some extent by the cancellation of export tax rebates. Against the backdrop of weak domestic and external demand, the prices and profit levels in the photovoltaic industry chain may face further pressure