Widespread daily limit-ups! Photovoltaic sector in full eruption! Tesla suddenly reveals major news

Photovoltaic industry chain stocks hit the daily limit.

On March 20, the A-share market showed clear divergence. The Shanghai Composite Index plunged in the afternoon, losing the 4,000-point mark again; the ChiNext Index surged strongly, rising over 3% at one point during the session. Hong Kong stocks declined again, with the Hang Seng Tech Index falling over 2%.

Specifically, the Shanghai Composite fluctuated narrowly in the morning, then dropped sharply in the afternoon, falling more than 1%; the ChiNext Index performed strongly. By the close, the Shanghai Composite fell 1.24% to 3,957.05 points, the Shenzhen Component Index declined 0.25%, and the ChiNext Index rose 1.3%. The Sci-Tech Innovation Board Composite Index and others fell over 1%. The combined turnover of the Shanghai, Shenzhen, and Beijing markets was about 2.3 trillion yuan, an increase of approximately 175 billion yuan from the previous day.

Nearly 4,800 A-shares were in the red, with declines in sectors such as oil, military, steel, chemicals, and pharmaceuticals. The power sector was strong, with Huadian LiaoNeng hitting the daily limit for five consecutive days, and ShaoNeng Shares hitting the limit for three days in a row. Photovoltaic industry chain stocks surged, with Jinneng Technology up over 15%, and more than ten stocks including Dongfang Xinneng and Zhongli Group hitting the daily limit. Hema股份 and Jiejia Weichuang rose over 9%. The CPO concept was active, with Yuanjie Technology hitting a 20% daily limit during the session, with its stock price once surpassing 1,100 yuan, setting a new record high and approaching a market value of 100 billion yuan; Changguang Huaxin and Xin Yisheng also reached new highs during the session. Energy storage concepts also rose, with Huabao Xinneng and Yunneng Technology up over 10%. Notably, Xiechuang Data plunged significantly in the afternoon, touching the limit down at one point during the session.

Photovoltaic Industry Chain Stocks Surge

During the session, photovoltaic industry chain stocks surged strongly. By the close, Neng Electric and Shouhang New Energy hit the daily limit with a 20% increase; Jinneng Technology rose over 15%, Yunneng Technology and Haiyou New Materials increased over 10%, and more than ten stocks including Dongfang Xinneng and Zhongli Group hit the limit. Hema股份 and Jiejia Weichuang rose over 9%.

Today, there was news that Tesla is planning to purchase $2.9 billion worth of solar panels and battery manufacturing equipment from Chinese suppliers, involving several listed companies.

Another report indicated that SpaceX, under Elon Musk, has ordered equipment from a leading domestic heterojunction device manufacturer, with delivery expected in the first week of May. Exporting semi-conductor-like products requires approval from relevant authorities, and the process is ongoing.

It is understood that Musk’s photovoltaic orders are mainly divided into SpaceX (S chain) and Tesla (T chain), with application scenarios in space and ground respectively. According to sources, negotiations are still ongoing for T chain cooperation orders involving multiple TOPCon equipment manufacturers.

Elon Musk stated at the Davos Forum earlier this year that Tesla and SpaceX will build 100 GW of photovoltaic capacity in the US within three years. Under this background, the A-share market experienced a wave of space photovoltaic enthusiasm at the beginning of the year.

Huaxi Securities pointed out that Musk has recently inspected many domestic photovoltaic companies intensively. Several companies have entered the space with full industry chain advantages, and some have joined SpaceX’s supply chain. China’s photovoltaic industry accounts for 92% of the global silicon wafer capacity and over 80% of battery and module capacity, with leading equipment technology and significant cost advantages, making it well-positioned to meet Musk’s 200 GW capacity expansion and large equipment procurement needs. Currently, space photovoltaics are transitioning from “engineering productization” to “large-scale industrialization.” Future efforts should focus on technology, engineering, manufacturing, and system collaboration to seize the broad market opportunities brought by commercial space endeavors. The industry is shifting from scale competition to value creation.

Power Sector Strengthens

The power sector continued to strengthen during the session. By the close, Jiuzhou Group rose over 13%, hitting the daily limit with a 20% increase at one point; Zhaoxin Shares, Huadian LiaoNeng, ShaoNeng Shares, and Huadian Energy also hit the limit.

Notably, Huadian LiaoNeng has hit the limit for five consecutive trading days. The company announced on the evening of the 19th that, after verification, its current production and operations are normal. The main business is thermal power generation, with thermal power capacity accounting for 82.56%. There have been no major changes in daily operations. The market environment or industry policies have not undergone significant adjustments, and costs and sales have remained stable. Internal production and operations are normal. The company found no media reports or market rumors that could significantly impact its stock price, nor any that require clarification or response.

ShaoNeng Shares has hit the limit for three consecutive days. On the evening of the 19th, the company stated that recent operations are normal, and there have been no major changes in the internal or external environment. The capital market is influenced by many factors, including macroeconomic conditions, industry policies, market sentiment, investor expectations, and company operations. Investors are reminded to understand the risks of stock trading and be cautious of secondary market risks.

Huadian Energy hit the limit again, with a cumulative increase of over 100% since March. The company recently warned that its stock price has risen sharply in the short term, risking market overheat and irrational speculation, deviating significantly from the Shanghai Composite Index and the industry index for power and heat production and supply. After verification, the company’s operations are normal, with no major changes. Costs and sales remain stable, and internal operations are normal.

Xiechuang Data Sudden Plunge

Xiechuang Data (300857) plunged sharply in the afternoon, touching the limit down at one point, closing nearly 15% lower with a total turnover of 8.86 billion yuan.

It is believed that the sharp decline may be related to a small article about the company’s server procurement compliance. Subsequently, Xiechuang Data issued a statement clarifying that recent false rumors about the company have appeared in the market. To prevent misinformation from affecting market perception, the company solemnly states: it has always operated in compliance, all intelligent computing products are procured through compliant commercial channels, and it strictly adheres to market rules and laws. The company has maintained forward-looking strategic reserves, optimized diversified supply chains, and promoted steady development of its main business. Currently, operations are normal, and all business activities are proceeding in an orderly manner.

(Source: Securities Times)