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Hong Kong stocks have shown fluctuations | Most photovoltaic stocks are recovering. Domestic photovoltaic policies actively guide the clearing of Industry Chain capacity, and Institutions state that attention still needs to be paid to tariff impacts.
Most photovoltaic stocks have shown some recovery. As of the time of writing, XINTE ENERGY (01799) is up 2.81%, priced at 4.75 HKD; FLAT GLASS (06865) is up 1.81%, priced at 9.02 HKD; GCL NEWENERGY (00451) is up 1.54%, priced at 0.33 HKD; GCL TECH (03800) is up 1.28%, priced at 0.79 HKD.
[Brokerage Focus] CITIC SEC: Promoting the electrical spot market helps the process of electrical marketization.
Jinwu Financial News | CITIC SEC stated that recently, the General Office of the National Development and Reform Commission and the Comprehensive Department of the National Energy Administration jointly issued the "Notice on Comprehensively Accelerating the Construction of the Electricity Spot Market" (hereinafter referred to as the "Notice"). It focuses on building a nationally unified electricity market based on the requirements of constructing a national unified large market, comprehensively accelerating the construction of the electricity spot market, aiming to achieve full coverage of the electricity spot market by the end of 2025, fully implementing continuous settlement operation, and fully utilizing the spot market's key role in price discovery and supply-demand adjustment for electricity commodities.
Major firm rating | DBS: Downgraded the Target Price of FLAT GLASS to HK$7.5, expecting the recovery to take longer than previously anticipated.
DBS published a report indicating that FLAT GLASS turned a profit in the first quarter of this year, exceeding expectations, with gross profit improving due to stringent cost control and lower gas costs. The report stated that although the company is actively controlling costs to reduce production expenses and improve gross profit, there are concerns about new production capacity entering the market, which may impact the upward potential of glass average selling prices in the medium term. Therefore, the bank has downgraded FLAT GLASS's revenue expectations for this year and next by about 18%, leading to a reduction in profit forecasts by approximately 40%. The bank expects FLAT GLASS's profits to see an 8% decline this year, followed by a 33% rebound in 2026, noting that the recovery will take longer than previously expected.
Some May Be Optimistic About Flat Glass Group's (HKG:6865) Earnings
BOCOM INTL: Lowered the Target Price of FLAT GLASS (06865) to HKD 11.30, maintaining a "Buy" rating.
Due to the scarcity of overseas production capacity, the group originally anticipated that the export capacity to the USA could also be redirected to other countries, therefore the bank believes that the impact of USA tariffs on its overall performance is limited.
Flat Glass Group (601865.SH) released its first-quarter performance report, showing a net income of 0.106 billion yuan, a year-on-year decrease of 86.03%.
Flat Glass Group (601865.SH) released its first-quarter report for 2025, with revenue in the first quarter at 40.7...
