Hong Kong Stock Market Movement | Photovoltaic stocks continue to rebound. Flat Glass (06865) rose over 6%, GCL Technology (03800) rose over 4%

LootboxPhobia · 2026-03-11T04:00:32+00:00

Photovoltaic stocks overall rebounded, with FLAT Glass, Xinyi Solar, and others showing significant gains. Although prices along the industry chain have risen, the supply and demand imbalance has yet to improve. JPMorgan Chase pointed out that the industry faces difficulties in reversing the internal competition, with some companies lowering prices to reduce inventory due to cash flow pressures.

LootboxPhobia

2026-03-11 04:00:32

Abstract generation in progress

CITIC Finance APP learns that photovoltaic stocks continue to rebound. As of the time of writing, Flat Glass (06865) rose 6.26% to HKD 10.19; Xinyi Solar (00968) increased 4.89% to HKD 3.43; New Energy (01799) gained 4.31% to HKD 6.53; GCL Technology (03800) went up 3.64% to HKD 1.14.

On the news front, according to Cailian Press, prices in the photovoltaic industry chain have rebounded, but the industry also recognizes that the current phase of supply and demand imbalance has not been fully resolved; how to consolidate anti-inflation results and promote the industry from price competition to high-quality development has become a key focus for energy sector representatives and committee members this year. Leading photovoltaic companies and committee members have mentioned measures related to anti-“involution” in their relevant suggestions.

JPMorgan Chase released a research report stating that the expected negative turn in the anti-inflation efforts within the photovoltaic industry has occurred. The spot price of polysilicon dropped from over 50 RMB per kilogram in February to around 48 RMB in early March. The bank believes this is due to the unclear definition of “production costs” in the Price Law, leading some producers to clear inventory at lower prices under cash flow pressures. The bank believes that regardless of policy approaches, industry consolidation will be promoted, just at different times.

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