Understanding the Market | LONGi Technology Soars Over 27% in the Afternoon as US Photovoltaic Product Tariff Policy Eases, Highlighting the Company's Clear Advantage in Polysilicon

Zhitong
2024.10.23 05:56
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Xinjiang GCL Technology surged more than 27% in the afternoon, up 20% as of the time of publication, at HKD 1.44, with a turnover of HKD 2.773 billion. On the news front, on October 1st, the U.S. Department of Commerce made a preliminary affirmative ruling on the anti-subsidy investigation of photovoltaic cells from four Southeast Asian countries, with the overall tax rate being relatively mild, and the preliminary ruling better than expected. In addition, on October 21st, the U.S. Department of Commerce proposed to partially revoke the anti-dumping and anti-subsidy duties on Chinese photovoltaic cells, involving certain small, low-wattage, off-grid crystalline silicon photovoltaic (CSPV) cells. Shanxi Securities pointed out that the U.S. tariff policy on Chinese photovoltaic components has loosened. Pacific Securities noted that granular silicon costs and product advantages are significant, with the potential to achieve profitability and market share resonance improvement first. By the middle of 2024, the company's technical optimization project is entering the final stage, and it is expected that after the completion of the final stage, the company's cash cost is expected to decrease to below 30,000 yuan per ton. With industry price stabilization and recovery, the company is expected to be the first to return to a trajectory of rapid growth in volume and profitability. In addition, the company has a rich reserve of new technologies. With the maturity of new technologies and the increase in industrial scale, the company's growth rate is expected to accelerate

According to the information from Zhitong Finance APP, Xinjiang Goldwind Technology (03800) surged more than 27% in the afternoon, up 20% as of the time of publication, trading at HKD 1.44 with a turnover of HKD 2.773 billion.

On the news front, on October 1st, the U.S. Department of Commerce made a preliminary affirmative ruling on the anti-subsidy investigation of photovoltaic cells from four Southeast Asian countries, with overall tax rates being relatively mild, and the preliminary ruling better than expected. In addition, on October 21st, the U.S. Department of Commerce proposed to partially revoke the anti-dumping and countervailing duties on Chinese photovoltaic cells, involving certain small, low-wattage, off-grid crystalline silicon photovoltaic (CSPV) cells. Shanxi Securities pointed out that the U.S. tariff policy on Chinese photovoltaic components has loosened.

Pacific Securities noted that granular silicon has obvious cost and product advantages, and is expected to be the first to achieve resonance in profitability and market share improvement. By the middle of 2024, the company's technical optimization project is entering the final stage, and it is expected that after completion, the company's cash cost is expected to decrease to below 30,000 yuan per ton. With industry price stabilization and rebound, the company is expected to be the first to return to a trajectory of rapid growth in volume and profitability. In addition, the company has rich reserves of new technologies. With the maturity of new technologies and the increase in industrial scale, the company's growth rate is expected to accelerate

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