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2025-12-23 09:54:38 With PV glass suffering from dull demand, seeing inventory days accelerate upwards, and having its price dropped to RMB11.5 per square meter, the profitability of four leading companies is near the breakeven point, while other companies are experiencing deeper losses, CICC wrote in its research report. Regarding prices and costs, CICC believes next year should be more stable compared to this year. This year's average tax-inclusive price for 2.0mm PV glass is RMB12.59 per square meter, down 15.83% YoY. The broker estimates that next year's average price will remain at RMB13-13.5 per square meter under the guideline of not selling below the cost price. CICC recommended XINYI SOLAR (00968.HK) and FLAT GLASS (06865.HK) and maintained the valuation and earnings forecasts for the companies under its coverage unchanged. ~ AAStocks Financial News Web Site: www.aastocks.com | |