Company Reports

Q1 performance expected to surge, driven by dual engines of energy storage battery packs and inverters

Stock Buy

Q1 performance expected to surge, driven by dual engines of energy storage battery packs and inverters

Huayuan Securities · 2026-04-12 · Deye Shares (605117)

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Core Business Bottoming Out, Earnings Beat Expectations; Aerospace Energy New Business Forms Closed Loop

Stock Buy

Core Business Bottoming Out, Earnings Beat Expectations; Aerospace Energy New Business Forms Closed Loop

Sinolink Securities · 2026-04-10 · Junda Shares (002865)

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Strong Q1 performance lays foundation for full-year prosperity

Stock Buy

Strong Q1 performance lays foundation for full-year prosperity

Sinolink Securities · 2026-04-10 · Deye Shares (605117)

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Review of 2025 Annual Report and 2026 Q1 Earnings Forecast: 26Q1 exceeds expectations; continue to favor the explosive potential of residential and C&I energy storage products

Stock Buy

Review of 2025 Annual Report and 2026 Q1 Earnings Forecast: 26Q1 exceeds expectations; continue to favor the explosive potential of residential and C&I energy storage products

Soochow Securities · 2026-04-10 · Deye Shares (605117)

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First Solar 2025 Annual Report Review: Film Price Hikes Restore Profitability, Accelerated Breakthrough in High-End Photosensitive Dry Film

Stock Buy

First Solar 2025 Annual Report Review: Film Price Hikes Restore Profitability, Accelerated Breakthrough in High-End Photosensitive Dry Film

Soochow Securities · 2026-04-10 · First Solar (603806)

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AOI equipment secures bulk repeat orders from leading US optical communication clients; optical module equipment layout enters harvest period

Stock Buy

AOI equipment secures bulk repeat orders from leading US optical communication clients; optical module equipment layout enters harvest period

Soochow Securities · 2026-04-09 · Autowell (688516)

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Leading position solidified; rapid development in electronic materials

Stock Buy

Leading position solidified; rapid development in electronic materials

Sinolink Securities · 2026-04-09 · First Solar (603806)

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Core Supplier of High-Precision Dispensing Equipment for Apple Supply Chain, Expanding into Semiconductor, PV, and NEV Sectors

Stock Overweight

Core Supplier of High-Precision Dispensing Equipment for Apple Supply Chain, Expanding into Semiconductor, PV, and NEV Sectors

Huayuan Securities · 2026-04-08 · Zhuozhao Dispensing (920026)

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Q4 2025 Performance Slightly Under Pressure, Energy Storage + AIDC Show Promise

Stock Buy

Q4 2025 Performance Slightly Under Pressure, Energy Storage + AIDC Show Promise

Huajin Securities · 2026-04-08 · Sungrow (300274)

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Profitability steadily improves, new capacity gradually comes online

Stock Overweight

Profitability steadily improves, new capacity gradually comes online

BOC International · 2026-04-07 · Levima Advanced Materials (003022)

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4Q25 performance under pressure; long-term growth logic remains intact

Stock Buy

4Q25 performance under pressure; long-term growth logic remains intact

BOCOM International Securities · 2026-04-03 · Sungrow (300274)

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Junda Shares 2025 Annual Report Review: Impairment losses recognized, enabling a fresh start; active layout in commercial aerospace

Stock Buy

Junda Shares 2025 Annual Report Review: Impairment losses recognized, enabling a fresh start; active layout in commercial aerospace

Pacific Securities · 2026-04-03 · Junda Shares (002865)

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2025 Annual Report Review: Company's Performance Inflection Point Has Emerged, Overseas PV & Robotics Businesses Open New Growth Space

Stock Buy

2025 Annual Report Review: Company's Performance Inflection Point Has Emerged, Overseas PV & Robotics Businesses Open New Growth Space

Soochow Securities · 2026-04-02 · Gaoce Shares (688556)

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Company Information Update Report: Q4 Performance Under Pressure, High Prosperity in Energy Storage Continues

Stock Buy

Company Information Update Report: Q4 Performance Under Pressure, High Prosperity in Energy Storage Continues

Kaiyuan Securities · 2026-04-02 · Sungrow (300274)

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2025 Annual Report Review: Overseas Battery Share Continues to Rise; Actively Expanding into Commercial Aerospace

Stock Buy

2025 Annual Report Review: Overseas Battery Share Continues to Rise; Actively Expanding into Commercial Aerospace

Soochow Securities · 2026-04-02 · Junda Shares (002865)

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Steady Performance Growth, Leading PV and Energy Storage Company on a Stable Long-term Path

Stock Overweight

Steady Performance Growth, Leading PV and Energy Storage Company on a Stable Long-term Path

Guosen Securities · 2026-04-02 · Sungrow (300274)

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Year-end performance volatility does not alter long-term trend; operating cash flow surges YoY

Stock Buy

Year-end performance volatility does not alter long-term trend; operating cash flow surges YoY

Sinolink Securities · 2026-04-01 · Sungrow (300274)

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2025 Annual Report Review: Maintaining Leadership in Slurry Market, Expanding Semiconductor Business Portfolio

Stock Buy

2025 Annual Report Review: Maintaining Leadership in Slurry Market, Expanding Semiconductor Business Portfolio

Soochow Securities · 2026-04-01 · Juhua Materials (688503)

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2025 Annual Report Review: Slight Short-term Pressure on Gross Margin, Sustained High Growth in Energy Storage, Promising AIDC Potential

Stock Buy

2025 Annual Report Review: Slight Short-term Pressure on Gross Margin, Sustained High Growth in Energy Storage, Promising AIDC Potential

Soochow Securities · 2026-04-01 · Sungrow (300274)

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2025 Annual Report Review: Short-term performance under pressure, promising layout in photovoltaics and pan-semiconductors

Stock Buy

2025 Annual Report Review: Short-term performance under pressure, promising layout in photovoltaics and pan-semiconductors

Soochow Securities · 2026-04-01 · DR Laser (300776)

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Lightened load, moving towards the light

Stock Buy

Lightened load, moving towards the light

Sinolink Securities · 2026-03-31 · Junda Shares (002865)

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DKEM 2025 Annual Report Review: Silver Price Volatility Impacts Short-Term Performance; High-Copper Paste and Storage Business Expected to Drive Growth

Stock Buy

DKEM 2025 Annual Report Review: Silver Price Volatility Impacts Short-Term Performance; High-Copper Paste and Storage Business Expected to Drive Growth

Pacific Securities · 2026-03-31 · DKEM (300842)

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Resilience amid silver price volatility; platform-based material leader taking shape

Stock Buy

Resilience amid silver price volatility; platform-based material leader taking shape

Sinolink Securities · 2026-03-31 · Juhua Materials (688503)

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Photovoltaics as the Foundation, Building a New Dual-Drive Pattern

Stock Buy

Photovoltaics as the Foundation, Building a New Dual-Drive Pattern

Sinolink Securities · 2026-03-31 · DR Laser (300776)

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Core Business Gradually Recovering; Humanoid Robots and Aerospace Scenarios Foster New Growth Engines

Stock Buy

Core Business Gradually Recovering; Humanoid Robots and Aerospace Scenarios Foster New Growth Engines

Sinolink Securities · 2026-03-31 · Gaoce Shares (688556)

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Company Event Review Report: Stable performance, strategic layout in semiconductor materials based on slurry business

Stock Buy

Company Event Review Report: Stable performance, strategic layout in semiconductor materials based on slurry business

Huaxin Securities · 2026-03-31 · Juhua Materials (688503)

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Hengdian Group DMEGC Magnetics 2025 Annual Report Review: Steady Growth in Lithium Battery Magnetic Materials, Highlighting Resilience in Photovoltaic Profitability

Stock Buy

Hengdian Group DMEGC Magnetics 2025 Annual Report Review: Steady Growth in Lithium Battery Magnetic Materials, Highlighting Resilience in Photovoltaic Profitability

Pacific Securities · 2026-03-31 · Hengdian Group DMEGC Magnetics (002056)

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2025 Annual Report Review: Strong counter-cyclical resilience in PV operations; steady growth in magnetic materials and lithium batteries

Stock Buy

2025 Annual Report Review: Strong counter-cyclical resilience in PV operations; steady growth in magnetic materials and lithium batteries

Soochow Securities · 2026-03-31 · Hengdian Group DMEGC Magnetics (002056)

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Steady Growth in Magnetic Materials and Lithium Batteries, Photovoltaics Maintain Profitability Against the Trend

Stock Buy

Steady Growth in Magnetic Materials and Lithium Batteries, Photovoltaics Maintain Profitability Against the Trend

Sinolink Securities · 2026-03-29 · Hengdian Group DMEGC Magnetics (002056)

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Steady performance growth, new material businesses such as lithium battery materials enter harvest period

Stock Buy

Steady performance growth, new material businesses such as lithium battery materials enter harvest period

Sinolink Securities · 2026-03-29 · Levima Advanced Materials (003022)

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2025 Annual Report Review: Industry competition optimizes, profitability improves

Stock Buy

2025 Annual Report Review: Industry competition optimizes, profitability improves

Soochow Securities · 2026-03-29 · Flat Glass (601865)

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Significant improvement in Q4 gross margin, with overseas revenue share continuing to rise

Stock Buy

Significant improvement in Q4 gross margin, with overseas revenue share continuing to rise

Sinolink Securities · 2026-03-27 · Flat Glass (601865)

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Accelerated integrated layout; technological patent advantages becoming evident

Stock Overweight

Accelerated integrated layout; technological patent advantages becoming evident

Sinolink Securities · 2026-03-25 · TCL Zhonghuan (002129)

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Leading PV cell equipment provider benefits from technology iteration and overseas expansion; pan-semiconductor equipment creates second growth curve

Stock Overweight

Leading PV cell equipment provider benefits from technology iteration and overseas expansion; pan-semiconductor equipment creates second growth curve

Soochow Securities · 2026-03-24 · Laplace (688726)

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2025 Annual Report Review: Silver Price Volatility Impacts Short-Term Performance; Photovoltaic Base Metalization and North American Expansion Drive Growth, Developing Storage as Second Growth Curve

Stock Buy

2025 Annual Report Review: Silver Price Volatility Impacts Short-Term Performance; Photovoltaic Base Metalization and North American Expansion Drive Growth, Developing Storage as Second Growth Curve

Soochow Securities · 2026-03-23 · DKEM (300842)

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Encapsulant Price Hikes Benefit Leaders; Significant Room for Profit Recovery

Stock Overweight

Encapsulant Price Hikes Benefit Leaders; Significant Room for Profit Recovery

BOC International · 2026-03-18 · First Solar (603806)

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Rubber and plastic material modification R&D as core, cooperating with LONGi on snap-in short frame products for photovoltaics

Stock —

Rubber and plastic material modification R&D as core, cooperating with LONGi on snap-in short frame products for photovoltaics

Global Fusheng Wealth Management · 2026-03-16 · Haida Shares (300320)

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Performance Within Guidance Range; Overseas Market Expansion May Exceed Expectations

Stock Buy

Performance Within Guidance Range; Overseas Market Expansion May Exceed Expectations

Shanxi Securities · 2026-03-11 · Liancheng Numerical Control (920368)

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RMB 5 Billion Investment in Perovskite Tandem & Semiconductor Equipment; Bullish on Company's PV & Semiconductor Platform Strategy

Stock Buy

RMB 5 Billion Investment in Perovskite Tandem & Semiconductor Equipment; Bullish on Company's PV & Semiconductor Platform Strategy

Soochow Securities · 2026-03-10 · Maxwell Technologies (300751)

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Company plans to acquire Lihao Qingneng; market share to further increase; recommend 'range-bound trading'

Stock Hold

Company plans to acquire Lihao Qingneng; market share to further increase; recommend 'range-bound trading'

Capital Securities · 2026-02-27 · Tongwei Co., Ltd. (600438)

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BC Leader, Emerging from Cocoon as a Butterfly

Stock Buy

BC Leader, Emerging from Cocoon as a Butterfly

Shanxi Securities · 2026-02-12 · Aiko Solar (600732)

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Investing in Scarce Satellite Prime Contractors: Advancing from Space Infrastructure to Orbital Ecosystem

Stock Buy

Investing in Scarce Satellite Prime Contractors: Advancing from Space Infrastructure to Orbital Ecosystem

Sinolink Securities · 2026-02-10 · Junda Shares (002865)

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Junda Shares acquires 60% equity of Xuntian Qianhe's parent company, a satellite integrator

Stock Buy

Junda Shares acquires 60% equity of Xuntian Qianhe's parent company, a satellite integrator

Soochow Securities · 2026-02-09 · Junda Shares (002865)

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2025 Earnings Forecast Review: Q4 Profitability Improves QoQ and YoY; Benefiting from Space PV and Robotics Industrialization

Stock Buy

2025 Earnings Forecast Review: Q4 Profitability Improves QoQ and YoY; Benefiting from Space PV and Robotics Industrialization

Soochow Securities · 2026-02-05 · Gaoce Shares (688556)

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Event Commentary: AI Computing Power Drives Space PV Wave, Ultra-Thin Wafer Cutting Equipment Sees Volume Growth Opportunity

Stock Buy

Event Commentary: AI Computing Power Drives Space PV Wave, Ultra-Thin Wafer Cutting Equipment Sees Volume Growth Opportunity

Huaxin Securities · 2026-02-04 · Yujing Shares (002943)

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2025 Performance Forecast Review: Results in line with expectations; bullish on full benefits from large-size SiC and space PV industrialization

Stock Buy

2025 Performance Forecast Review: Results in line with expectations; bullish on full benefits from large-size SiC and space PV industrialization

Soochow Securities · 2026-01-30 · Jingsheng Electromechanical (300316)

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Leader in offshore wind turbine manufacturing; overseas expansion and space-based PV unlock long-term upside

Stock Buy

Leader in offshore wind turbine manufacturing; overseas expansion and space-based PV unlock long-term upside

Sinolink Securities · 2026-01-29 · Mingyang Smart Energy (601615)

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Review of Hoymiles' 2025 Earnings Forecast: Large-scale and residential energy storage enter harvest period; microinverter competition easing supports steady growth

Stock Buy

Review of Hoymiles' 2025 Earnings Forecast: Large-scale and residential energy storage enter harvest period; microinverter competition easing supports steady growth

Soochow Securities · 2026-01-27 · Hoymiles Power (688032)

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Proposes to Acquire 100% Equity of Dehua Chip via Share Issuance and Cash Payment; Space PV GaAs/Perovskite/HJT Three Technologies Advance in Parallel

Stock Buy

Proposes to Acquire 100% Equity of Dehua Chip via Share Issuance and Cash Payment; Space PV GaAs/Perovskite/HJT Three Technologies Advance in Parallel

Soochow Securities · 2026-01-25 · Mingyang Smart Energy (601615)

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2025 Earnings Preview Review: Temporary loss; accelerating layout of new growth drivers

Stock Buy

2025 Earnings Preview Review: Temporary loss; accelerating layout of new growth drivers

Soochow Securities · 2026-01-21 · Junda Shares (002865)

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PV Encapsulant Leader Continues to Write New Chapter in Space PV

Stock Overweight

PV Encapsulant Leader Continues to Write New Chapter in Space PV

BOC International · 2026-01-20 · First Solar (603806)

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Initial Coverage: Dual Drivers of Inverter Foundation and Energy Storage Leadership; High Growth in Energy Storage Becomes New Engine, Targeting Global Energy Leadership

Stock Overweight

Initial Coverage: Dual Drivers of Inverter Foundation and Energy Storage Leadership; High Growth in Energy Storage Becomes New Engine, Targeting Global Energy Leadership

Haitong International · 2026-01-16 · Sungrow (300274)

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High Growth in Equity Incentive Performance Targets; Significant Benefit from Surge in Australian Residential Energy Storage

Stock Buy

High Growth in Equity Incentive Performance Targets; Significant Benefit from Surge in Australian Residential Energy Storage

Soochow Securities · 2026-01-08 · GoodWe (688390)

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Successful Batch Delivery of AOI Equipment for Optical Modules to Domestic Optical Communication Leader, Steady Implementation of Platform Strategy

Stock Buy

Successful Batch Delivery of AOI Equipment for Optical Modules to Domestic Optical Communication Leader, Steady Implementation of Platform Strategy

Soochow Securities · 2026-01-07 · Autowell (688516)

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HJT Equipment Benefits from Overseas Expansion, Semiconductor Equipment Poised for Rapid Volume Growth

Stock Buy

HJT Equipment Benefits from Overseas Expansion, Semiconductor Equipment Poised for Rapid Volume Growth

Huayuan Securities · 2026-01-04 · Maxwell Technologies (300751)

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Company Event Commentary: Partnership with Shangyi Optoelectronics to Explore Space Photovoltaics

Stock Buy

Company Event Commentary: Partnership with Shangyi Optoelectronics to Explore Space Photovoltaics

Huaxin Securities · 2025-12-31 · Junda Shares (002865)

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Initiation Report: BC leader benefits from PV anti-involution trend, high premium drives high earnings elasticity

Stock Overweight

Initiation Report: BC leader benefits from PV anti-involution trend, high premium drives high earnings elasticity

Kaiyuan Securities · 2025-12-29 · Aiko Solar (600732)

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Company Update: Based on technology platform, strategic layout in PV and semiconductors

Stock Buy

Company Update: Based on technology platform, strategic layout in PV and semiconductors

Huaxin Securities · 2025-12-29 · Maxwell Technologies (300751)

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Tapping into a Trillion-Yuan Market, Building a Leader in Space-Based Photovoltaics

Stock Buy

Tapping into a Trillion-Yuan Market, Building a Leader in Space-Based Photovoltaics

Sinolink Securities · 2025-12-23 · Junda Shares (002865)

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Initial Coverage: Automotive business accelerates volume release, overseas PV capacity production imminent

Stock Buy

Initial Coverage: Automotive business accelerates volume release, overseas PV capacity production imminent

Aj Securities · 2025-12-22 · Xinbo Shares (003038)

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BSE Information Update: Photovoltaic 'Anti-Involution' Underway, Specialized Fields Such as Petrochemical Sealing Show Results in Multiple Downstream Sectors

Stock Overweight

BSE Information Update: Photovoltaic 'Anti-Involution' Underway, Specialized Fields Such as Petrochemical Sealing Show Results in Multiple Downstream Sectors

Kaiyuan Securities · 2025-12-16 · Keqiang Shares (920665)

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Initiation Coverage: Entering High-Growth Tracks like Robotics and Thermal Management, PV Frame Exports Boost Profits

Stock Buy

Initiation Coverage: Entering High-Growth Tracks like Robotics and Thermal Management, PV Frame Exports Boost Profits

Aj Securities · 2025-12-05 · Yongzhen Shares (603381)

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Canadian Solar: Announces US Business Adjustments to Ensure Long-term Operations

Stock Buy

Canadian Solar: Announces US Business Adjustments to Ensure Long-term Operations

Soochow Securities · 2025-12-02 · Canadian Solar (688472)

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LONGi Green Energy 2025 Event Comment: BC Ramp-up Helps Reduce Q3 Losses YoY and QoQ, Acquisition of Jingkong Energy Enters Energy Storage Sector

Stock Buy

LONGi Green Energy 2025 Event Comment: BC Ramp-up Helps Reduce Q3 Losses YoY and QoQ, Acquisition of Jingkong Energy Enters Energy Storage Sector

Pacific Securities · 2025-11-28 · LONGi Green Energy (601012)

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Stringer secures RMB 700 million major order; bullish on module equipment leader's cycle resilience and platform strategy

Stock Buy

Stringer secures RMB 700 million major order; bullish on module equipment leader's cycle resilience and platform strategy

Soochow Securities · 2025-11-26 · Autowell (688516)

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CSIQ Discloses 25Q4 Results and 2026 Outlook; Strong Order Backlog, Energy Storage Shipments to Double in 2026

Stock Buy

CSIQ Discloses 25Q4 Results and 2026 Outlook; Strong Order Backlog, Energy Storage Shipments to Double in 2026

Soochow Securities · 2025-11-19 · Canadian Solar (688472)

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Commentary on Daqo New Energy's 2025 Q3 Report: Significant Loss Reduction in Q3, Continued Cost Optimization and Industry Self-Discipline

Stock Buy

Commentary on Daqo New Energy's 2025 Q3 Report: Significant Loss Reduction in Q3, Continued Cost Optimization and Industry Self-Discipline

Pacific Securities · 2025-11-18 · Daqo New Energy (688303)

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Semiconductor equipment accelerates volume release, perovskite first-mover advantage is significant

Stock Buy

Semiconductor equipment accelerates volume release, perovskite first-mover advantage is significant

Soochow Securities · 2025-11-18 · Maxwell Technologies (300751)

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Operating cash flow surged YoY in the first three quarters; AIDC products show promising prospects

Stock Buy

Operating cash flow surged YoY in the first three quarters; AIDC products show promising prospects

Shanxi Securities · 2025-11-11 · Sungrow (300274)

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25Q3 Inflection Point Emerges, Benefiting from Industry De-intensified Competition and Price Hikes

Stock Overweight

25Q3 Inflection Point Emerges, Benefiting from Industry De-intensified Competition and Price Hikes

Huaan Securities · 2025-11-11 · Tongwei Co., Ltd. (600438)

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25Q3 Significant Reduction in Losses YoY and QoQ, BC Module Shipments Ramp Up

Stock Buy

25Q3 Significant Reduction in Losses YoY and QoQ, BC Module Shipments Ramp Up

Huaan Securities · 2025-11-11 · LONGi Green Energy (601012)

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BSE Update: Long-term growth trend in PV confirmed; Third-generation semiconductors continue to penetrate; Revenue of RMB 1.572 billion in 2025Q1-Q3

Stock Overweight

BSE Update: Long-term growth trend in PV confirmed; Third-generation semiconductors continue to penetrate; Revenue of RMB 1.572 billion in 2025Q1-Q3

Kaiyuan Securities · 2025-11-11 · Liancheng Numerical Control (920368)

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2025 Q3 Report Review: Module shipments rise QoQ; energy storage remains profitable with potential for strong shipment growth

Stock Buy

2025 Q3 Report Review: Module shipments rise QoQ; energy storage remains profitable with potential for strong shipment growth

Soochow Securities · 2025-11-10 · Trina Solar (688599)

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2025 Q3 Report Review: Steady development in lithium battery cathode materials; Indonesia anti-dumping/countervailing duties impact Q3 volume and profit short-term

Stock Buy

2025 Q3 Report Review: Steady development in lithium battery cathode materials; Indonesia anti-dumping/countervailing duties impact Q3 volume and profit short-term

Soochow Securities · 2025-11-10 · Hengdian Group DMEGC Magnetics (002056)

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Leading layout in emerging markets; outstanding performance in C&I energy storage business

Stock Buy

Leading layout in emerging markets; outstanding performance in C&I energy storage business

Huaan Securities · 2025-11-10 · Deye Shares (605117)

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2025 Q3 Report Commentary: Improved profitability; comprehensive layout of AIDC products

Stock Buy

2025 Q3 Report Commentary: Improved profitability; comprehensive layout of AIDC products

Hualong Securities · 2025-11-10 · Sungrow (300274)

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High profit growth; single-quarter gross margin hits new yearly high

Stock Buy

High profit growth; single-quarter gross margin hits new yearly high

Huaan Securities · 2025-11-10 · Sungrow (300274)

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Hengdian Group DMEGC Magnetics Co., Ltd. 2025 Q3 Report Review: Q3 revenue and net profit maintained year-on-year growth; magnetic materials and lithium battery businesses show positive changes

Stock Buy

Hengdian Group DMEGC Magnetics Co., Ltd. 2025 Q3 Report Review: Q3 revenue and net profit maintained year-on-year growth; magnetic materials and lithium battery businesses show positive changes

Pacific Securities · 2025-11-09 · Hengdian Group DMEGC Magnetics (002056)

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Q3 performance stabilizes and rebounds; implementation of anti-involution policies expected to accelerate profit recovery

Stock Buy

Q3 performance stabilizes and rebounds; implementation of anti-involution policies expected to accelerate profit recovery

AVIC Securities · 2025-11-09 · Flat Glass (601865)

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Q3 losses narrow year-on-year and quarter-on-quarter; focusing on energy storage as the second growth curve

Stock Buy

Q3 losses narrow year-on-year and quarter-on-quarter; focusing on energy storage as the second growth curve

BOC International · 2025-11-07 · Trina Solar (688599)

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Steady increase in proportion of overseas shipments, employee stock ownership demonstrates determination

Stock Buy

Steady increase in proportion of overseas shipments, employee stock ownership demonstrates determination

BOC International · 2025-11-06 · JA Solar (002459)

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Revenue grows steadily; expenses and FX fluctuations temporarily impact Q3 profit

Stock Buy

Revenue grows steadily; expenses and FX fluctuations temporarily impact Q3 profit

Huaan Securities · 2025-11-06 · Sineng Electric (300827)

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New products drive profit growth; new material project construction proceeds orderly

Stock Buy

New products drive profit growth; new material project construction proceeds orderly

Huajin Securities · 2025-11-05 · Levima Advanced Materials (003022)

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Q3 Performance Improves Quarter-on-Quarter; Long-term Benefits from PCB Localization

Stock Overweight

Q3 Performance Improves Quarter-on-Quarter; Long-term Benefits from PCB Localization

BOC International · 2025-11-04 · First Solar (603806)

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Q3 Losses Narrow Year-on-Year and Quarter-on-Quarter; "Anti-Involution" Drives Profitability Recovery

Stock Buy

Q3 Losses Narrow Year-on-Year and Quarter-on-Quarter; "Anti-Involution" Drives Profitability Recovery

BOC International · 2025-11-04 · LONGi Green Energy (601012)

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2025 Q3 Report Review: Modules prioritize profitability; energy storage business shows strong growth

Stock Buy

2025 Q3 Report Review: Modules prioritize profitability; energy storage business shows strong growth

Minsheng Securities · 2025-11-04 · Canadian Solar (688472)

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2025 Q3 Report Review: C&I energy storage continues to ramp up, strong growth in energy storage battery packs

Stock Buy

2025 Q3 Report Review: C&I energy storage continues to ramp up, strong growth in energy storage battery packs

Minsheng Securities · 2025-11-04 · Deye Shares (605117)

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2025 Q3 Report Review: Narrowing losses QoQ in 25Q3, firm leadership in BC technology

Stock Buy

2025 Q3 Report Review: Narrowing losses QoQ in 25Q3, firm leadership in BC technology

Minsheng Securities · 2025-11-04 · LONGi Green Energy (601012)

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2025 Q3 Report Review: Losses narrow significantly; multiple innovative technologies accelerate commercialization

Stock Overweight

2025 Q3 Report Review: Losses narrow significantly; multiple innovative technologies accelerate commercialization

Soochow Securities · 2025-11-04 · Shichuang Energy (688429)

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Q3 gross margin and cash flow both improved quarter-over-quarter

Stock Overweight

Q3 gross margin and cash flow both improved quarter-over-quarter

BOC International · 2025-11-03 · JinkoSolar (688223)

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Strong revenue growth in 25Q3, photovoltaic business operating at full capacity with full sales

Stock Overweight

Strong revenue growth in 25Q3, photovoltaic business operating at full capacity with full sales

Huaan Securities · 2025-11-03 · Saifutian (603028)

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2025 Q3 Report Review: Significant QoQ growth in energy storage; earnings inflection point emerged

Stock Buy

2025 Q3 Report Review: Significant QoQ growth in energy storage; earnings inflection point emerged

Soochow Securities · 2025-11-03 · GoodWe (688390)

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2025 Q3 Report Review: Q3 loss narrows quarter-on-quarter; bullish on the company's energy storage business growth

Stock Buy

2025 Q3 Report Review: Q3 loss narrows quarter-on-quarter; bullish on the company's energy storage business growth

Minsheng Securities · 2025-11-03 · Trina Solar (688599)

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PV shipments surge YoY; magnetic material product mix optimized

Stock Buy

PV shipments surge YoY; magnetic material product mix optimized

Shanxi Securities · 2025-11-03 · Hengdian Group DMEGC Magnetics (002056)

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2025 Q3 Report Review: Slight Decline in Q3 Microinverter Shipments; Overseas C&I and Residential Energy Storage as New Growth Engines

Stock Overweight

2025 Q3 Report Review: Slight Decline in Q3 Microinverter Shipments; Overseas C&I and Residential Energy Storage as New Growth Engines

Soochow Securities · 2025-11-02 · Yuneng Technology (688348)

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2025 Q3 Report Review: Q3 2025 Shipments Slightly Down QoQ; Automotive Materials Business Achieves Gradual Breakthroughs

Stock Overweight

2025 Q3 Report Review: Q3 2025 Shipments Slightly Down QoQ; Automotive Materials Business Achieves Gradual Breakthroughs

Soochow Securities · 2025-11-02 · Hiuv New Materials (688680)

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Large-scale energy storage remains highly prosperous; tariffs impact module profitability

Stock Buy

Large-scale energy storage remains highly prosperous; tariffs impact module profitability

Sinolink Securities · 2025-11-02 · Canadian Solar (688472)

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2025 Q3 Report Review: Polysilicon Price Rebound + Significant Cost Reduction, Q3 Turns Loss into Profit

Stock Buy

2025 Q3 Report Review: Polysilicon Price Rebound + Significant Cost Reduction, Q3 Turns Loss into Profit

Minsheng Securities · 2025-11-02 · Daqo New Energy (688303)

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2025 Q3 Report Review: Slight QoQ Decline in 25Q3 Shipments, Sustained High Growth in Non-PV Material Business

Stock Overweight

2025 Q3 Report Review: Slight QoQ Decline in 25Q3 Shipments, Sustained High Growth in Non-PV Material Business

Soochow Securities · 2025-11-02 · Cybrid Technologies (603212)

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2025 Q3 Report Review: 25Q3 performance rises quarter-on-quarter; future profitability expected to improve structurally

Stock Overweight

2025 Q3 Report Review: 25Q3 performance rises quarter-on-quarter; future profitability expected to improve structurally

Soochow Securities · 2025-11-02 · Yubang New Materials (301266)

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2025 Q3 Report Review: Film Profitability Under Temporary Pressure, Electronic Materials Rapidly Expanding

Stock Buy

2025 Q3 Report Review: Film Profitability Under Temporary Pressure, Electronic Materials Rapidly Expanding

Minsheng Securities · 2025-11-02 · First Solar (603806)

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2025 Q3 Report Review: Silver Price Volatility Impacts Q3 Performance; Acquisition of Jingkai Expands Semiconductor Layout

Stock Buy

2025 Q3 Report Review: Silver Price Volatility Impacts Q3 Performance; Acquisition of Jingkai Expands Semiconductor Layout

Soochow Securities · 2025-11-02 · DKEM (300842)

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2025 Q3 Report Review: Destocking and Profit Recovery Drive 25Q3 Performance to Exceed Expectations

Stock Buy

2025 Q3 Report Review: Destocking and Profit Recovery Drive 25Q3 Performance to Exceed Expectations

Minsheng Securities · 2025-11-02 · Flat Glass (601865)

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2025 Q3 Report Review: Strong Performance Continues; AIDC Layout Builds Second Growth Curve

Stock Buy

2025 Q3 Report Review: Strong Performance Continues; AIDC Layout Builds Second Growth Curve

Minsheng Securities · 2025-11-02 · Sungrow (300274)

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2025 Q3 Report Review: Film market share rises steadily; electronic materials continue to grow

Stock Buy

2025 Q3 Report Review: Film market share rises steadily; electronic materials continue to grow

Soochow Securities · 2025-11-02 · First Solar (603806)

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Short-term delivery slowdown drags on performance; surge in contract liabilities reflects strong orders; upgraded to Buy

Stock Buy

Short-term delivery slowdown drags on performance; surge in contract liabilities reflects strong orders; upgraded to Buy

BOCOM International Securities · 2025-11-02 · Aiko Solar (600732)

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2025 Q3 Review: Super-integration flexibility emerges; Q3 profitability turns significantly positive

Stock Buy

2025 Q3 Review: Super-integration flexibility emerges; Q3 profitability turns significantly positive

Soochow Securities · 2025-11-01 · Hongyuan Green Energy (603185)

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2025 Q3 Report Review: Gross margin turns positive with significant loss reduction; TOPCon technology continues to upgrade

Stock Buy

2025 Q3 Report Review: Gross margin turns positive with significant loss reduction; TOPCon technology continues to upgrade

Soochow Securities · 2025-11-01 · JinkoSolar (688223)

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2025 Q3 Report Review: Continued Loss Reduction in Q3, Rapid Ramp-up of BC

Stock Buy

2025 Q3 Report Review: Continued Loss Reduction in Q3, Rapid Ramp-up of BC

Soochow Securities · 2025-11-01 · LONGi Green Energy (601012)

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2025 Q3 Report Review: Slight Impact from FX and Deferred Revenue Recognition; C&I Energy Storage and Battery Packs Continue to Drive Growth

Stock Buy

2025 Q3 Report Review: Slight Impact from FX and Deferred Revenue Recognition; C&I Energy Storage and Battery Packs Continue to Drive Growth

Soochow Securities · 2025-10-31 · Deye Shares (605117)

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2025 Q3 Report Review: Intensified Micro-inverter Competition Impacts Shipments and Profitability; Continued R&D Investment in Energy Storage Products

Stock Buy

2025 Q3 Report Review: Intensified Micro-inverter Competition Impacts Shipments and Profitability; Continued R&D Investment in Energy Storage Products

Soochow Securities · 2025-10-31 · Hoymiles Power (688032)

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2025 Q3 Report Review: Turned profitable in Q3; core business recovery and robotics segment open up a second growth curve

Stock Buy

2025 Q3 Report Review: Turned profitable in Q3; core business recovery and robotics segment open up a second growth curve

Soochow Securities · 2025-10-31 · Gaoce Shares (688556)

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2025 Q3 Report Review: Steady performance growth; optimistic about business layout in the pan-semiconductor sector

Stock Buy

2025 Q3 Report Review: Steady performance growth; optimistic about business layout in the pan-semiconductor sector

Soochow Securities · 2025-10-31 · DR Laser (300776)

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Company Comment: Private placement completed to optimize asset structure, ABC module share continues to penetrate

Stock Buy

Company Comment: Private placement completed to optimize asset structure, ABC module share continues to penetrate

Sinolink Securities · 2025-10-31 · Aiko Solar (600732)

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Profitability improves; BC 2.0 production and sales grow rapidly

Stock Buy

Profitability improves; BC 2.0 production and sales grow rapidly

Sinolink Securities · 2025-10-31 · LONGi Green Energy (601012)

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Photovoltaic business under temporary pressure, new materials business sees growth in both volume and profit

Stock Overweight

Photovoltaic business under temporary pressure, new materials business sees growth in both volume and profit

Guosen Securities · 2025-10-31 · Boway Alloy (601137)

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2025 Q3 Report Review: Performance meets expectations; overseas capacity expansion accelerates

Stock Buy

2025 Q3 Report Review: Performance meets expectations; overseas capacity expansion accelerates

Minsheng Securities · 2025-10-31 · Junda Shares (002865)

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Narrowing losses in Q3; energy storage volume ramp-up expected to boost both volume and margins

Stock Buy

Narrowing losses in Q3; energy storage volume ramp-up expected to boost both volume and margins

Sinolink Securities · 2025-10-31 · Trina Solar (688599)

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Losses stabilize quarter-on-quarter; operating cash flow continues to show positive inflow

Stock Buy

Losses stabilize quarter-on-quarter; operating cash flow continues to show positive inflow

Sinolink Securities · 2025-10-31 · JA Solar (002459)

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Significant profitability improvement; energy storage gradually entering volume ramp-up phase

Stock Buy

Significant profitability improvement; energy storage gradually entering volume ramp-up phase

Sinolink Securities · 2025-10-31 · JinkoSolar (688223)

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2025 Q3 Report Review: Strong growth in energy storage shipments and improving profitability; continued advancement in AIDC layout

Stock Buy

2025 Q3 Report Review: Strong growth in energy storage shipments and improving profitability; continued advancement in AIDC layout

Soochow Securities · 2025-10-30 · Sungrow (300274)

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2025 Q3 Report Review: Short-term earnings under pressure; platform strategy and overseas expansion drive mid-to-long-term growth

Stock Buy

2025 Q3 Report Review: Short-term earnings under pressure; platform strategy and overseas expansion drive mid-to-long-term growth

Soochow Securities · 2025-10-30 · Autowell (688516)

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Performance meets expectations; breakthroughs in lithium batteries and semiconductor equipment open up growth space

Stock Buy

Performance meets expectations; breakthroughs in lithium batteries and semiconductor equipment open up growth space

Sinolink Securities · 2025-10-30 · Autowell (688516)

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Performance meets expectations, operational resilience continues to shine

Stock Buy

Performance meets expectations, operational resilience continues to shine

Sinolink Securities · 2025-10-30 · DR Laser (300776)

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Company Update: Continuous Optimization of Shipment Structure, Significant Increase in Operating Cash Flow

Stock Buy

Company Update: Continuous Optimization of Shipment Structure, Significant Increase in Operating Cash Flow

Kaiyuan Securities · 2025-10-30 · Sungrow (300274)

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PV Sector Under Pressure; Expanding into Robotics and Silicon Anode Equipment

Stock Overweight

PV Sector Under Pressure; Expanding into Robotics and Silicon Anode Equipment

Sinolink Securities · 2025-10-30 · Dongfang Electric Heating (300217)

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Optimized competitive landscape for encapsulation films; electronic materials open up growth potential

Stock Buy

Optimized competitive landscape for encapsulation films; electronic materials open up growth potential

Sinolink Securities · 2025-10-30 · First Solar (603806)

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Gross margin expansion drives outperformance; strong growth in energy storage and AIDC demand supports future growth

Stock Buy

Gross margin expansion drives outperformance; strong growth in energy storage and AIDC demand supports future growth

BOCOM International Securities · 2025-10-30 · Sungrow (300274)

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Revenue growth in high-margin overseas business drives significant performance recovery in 3Q25

Stock Neutral

Revenue growth in high-margin overseas business drives significant performance recovery in 3Q25

BOCOM International Securities · 2025-10-30 · GoodWe (688390)

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2025 Q3 Report Review: Performance Under Temporary Pressure, Accelerating Overseas Expansion

Stock Buy

2025 Q3 Report Review: Performance Under Temporary Pressure, Accelerating Overseas Expansion

Minsheng Securities · 2025-10-30 · Arctech Solar (688408)

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2025 Q3 Report Review: Sustained Performance Growth, Diversified Expansion in PV, Lithium Battery, and Semiconductor Sectors

Stock Overweight

2025 Q3 Report Review: Sustained Performance Growth, Diversified Expansion in PV, Lithium Battery, and Semiconductor Sectors

Soochow Securities · 2025-10-29 · JieJia WeiChuang (300724)

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Quarterly operating cash flow surges quarter-on-quarter; AIDC poised to continue strong performance

Stock Buy

Quarterly operating cash flow surges quarter-on-quarter; AIDC poised to continue strong performance

Sinolink Securities · 2025-10-29 · Sungrow (300274)

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Significant narrowing of losses; "anti-involution" drives profitability recovery

Stock Overweight

Significant narrowing of losses; "anti-involution" drives profitability recovery

Sinolink Securities · 2025-10-29 · TCL Zhonghuan (002129)

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Performance meets expectations; high-efficiency PV technology and semiconductor equipment build dual growth engines

Stock Buy

Performance meets expectations; high-efficiency PV technology and semiconductor equipment build dual growth engines

Sinolink Securities · 2025-10-29 · Maxwell Technologies (300751)

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2025 Q3 Report Review: Q3 Shipments Surge QoQ, Performance Beats Expectations

Stock Buy

2025 Q3 Report Review: Q3 Shipments Surge QoQ, Performance Beats Expectations

Soochow Securities · 2025-10-29 · Flat Glass (601865)

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2025 Q3 Report Review: Silver paste market share remains high, expansion into semiconductor extensions

Stock Buy

2025 Q3 Report Review: Silver paste market share remains high, expansion into semiconductor extensions

Soochow Securities · 2025-10-29 · Juhua Materials (688503)

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Benefiting from High Growth in Energy Storage Market, Company Maintains Strong Performance Growth in 1-3Q; Recommend "Buy"

Stock Overweight

Benefiting from High Growth in Energy Storage Market, Company Maintains Strong Performance Growth in 1-3Q; Recommend "Buy"

Capital Securities · 2025-10-29 · Sungrow (300274)

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Company Update: Significant improvement in profitability; continuous expansion in IDC, computing power, and photovoltaic businesses

Stock Buy

Company Update: Significant improvement in profitability; continuous expansion in IDC, computing power, and photovoltaic businesses

Kaiyuan Securities · 2025-10-29 · Aofei Data (300738)

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Declining frame processing fees weigh on profitability; new business layout opens up growth curve

Stock Overweight

Declining frame processing fees weigh on profitability; new business layout opens up growth curve

Sinolink Securities · 2025-10-28 · Yongzhen Shares (603381)

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Results in line with expectations; building a platform-based materials powerhouse

Stock Buy

Results in line with expectations; building a platform-based materials powerhouse

Sinolink Securities · 2025-10-28 · Juhua Materials (688503)

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Rapid inventory decline and sustained high profitability; earnings exceed expectations

Stock Buy

Rapid inventory decline and sustained high profitability; earnings exceed expectations

Sinolink Securities · 2025-10-28 · Flat Glass (601865)

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Overseas expansion builds growth space; technological advantages highlight leading profitability resilience

Stock Buy

Overseas expansion builds growth space; technological advantages highlight leading profitability resilience

Sinolink Securities · 2025-10-28 · Junda Shares (002865)

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Performance meets expectations; backlog orders steadily recognized and converted

Stock Buy

Performance meets expectations; backlog orders steadily recognized and converted

Sinolink Securities · 2025-10-28 · JieJia WeiChuang (300724)

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Leader in photovoltaic quartz sand, accelerated domestic substitution in semiconductors

Stock Buy

Leader in photovoltaic quartz sand, accelerated domestic substitution in semiconductors

Shanxi Securities · 2025-10-28 · Quartz Shares (603688)

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2025 Q3 Report Review: Overseas revenue remains high; diversified capacity layout

Stock Buy

2025 Q3 Report Review: Overseas revenue remains high; diversified capacity layout

Soochow Securities · 2025-10-28 · Junda Shares (002865)

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2025 Q3 Report Review: Export orders increased in 25Q3, quarter-on-quarter performance improvement

Stock Overweight

2025 Q3 Report Review: Export orders increased in 25Q3, quarter-on-quarter performance improvement

Soochow Securities · 2025-10-28 · Kuaike Electronics (301278)

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3Q25 loss flat QoQ; India anti-dumping may impact exports

Stock Buy

3Q25 loss flat QoQ; India anti-dumping may impact exports

BOCOM International Securities · 2025-10-28 · Junda Shares (002865)

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PV Maintains Differentiated Advantages; Magnetic Materials and Lithium Batteries Expand New Products

Stock Buy

PV Maintains Differentiated Advantages; Magnetic Materials and Lithium Batteries Expand New Products

Sinolink Securities · 2025-10-27 · Hengdian Group DMEGC Magnetics (002056)

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2025 Q3 Report Review: Significant Loss Reduction in 25Q3, Marked Improvement in Polysilicon Profitability

Stock Buy

2025 Q3 Report Review: Significant Loss Reduction in 25Q3, Marked Improvement in Polysilicon Profitability

Minsheng Securities · 2025-10-27 · Tongwei Co., Ltd. (600438)

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2025 Q3 Review: Sequential Profit Improvement; Bullish on Accelerated Ramp-up of Large-Size SiC Substrates

Stock Buy

2025 Q3 Review: Sequential Profit Improvement; Bullish on Accelerated Ramp-up of Large-Size SiC Substrates

Soochow Securities · 2025-10-27 · Jingsheng Electromechanical (300316)

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Polysilicon profitability significantly recovers, earnings beat expectations

Stock Buy

Polysilicon profitability significantly recovers, earnings beat expectations

Sinolink Securities · 2025-10-26 · Tongwei Co., Ltd. (600438)

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Initiation Report: Clear Streams Flow Far, Deep Roots Run Long

Stock Buy

Initiation Report: Clear Streams Flow Far, Deep Roots Run Long

Minsheng Securities · 2025-10-17 · Qingyuan Shares (603628)

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Performance Meets Expectations, Projects Under Construction Progress Steadily

Stock Buy

Performance Meets Expectations, Projects Under Construction Progress Steadily

Sinolink Securities · 2025-10-15 · Levima Advanced Materials (003022)

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GCL System Integration 2025 Interim Report Review: Shipments remain among the industry leaders, profitability under pressure in H1 2025

Stock Buy

GCL System Integration 2025 Interim Report Review: Shipments remain among the industry leaders, profitability under pressure in H1 2025

Pacific Securities · 2025-10-13 · GCL System Integration (002506)

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First 12-inch Silicon Carbide Substrate Pilot Production Line Officially Operational, SiC Substrate Applications Expand Company's Growth Potential

Stock Buy

First 12-inch Silicon Carbide Substrate Pilot Production Line Officially Operational, SiC Substrate Applications Expand Company's Growth Potential

Soochow Securities · 2025-09-29 · Jingsheng Electromechanical (300316)

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Initial Coverage Report: Ramp-up of High-End EVs Drives Accelerated Growth in Carbon-Ceramic Business

Stock Buy

Initial Coverage Report: Ramp-up of High-End EVs Drives Accelerated Growth in Carbon-Ceramic Business

Aj Securities · 2025-09-29 · Jinbo Shares (688598)

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Subsidiary Songci Electromechanical Launches CVD Fluidized Bed Equipment, Expanding into Solid-State Battery Sector

Stock Buy

Subsidiary Songci Electromechanical Launches CVD Fluidized Bed Equipment, Expanding into Solid-State Battery Sector

Soochow Securities · 2025-09-28 · Autowell (688516)

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Company Update: Strong Growth in Energy Storage, Layout in AIDC Opens New Growth Space

Stock Buy

Company Update: Strong Growth in Energy Storage, Layout in AIDC Opens New Growth Space

Huaxin Securities · 2025-09-27 · Sungrow (300274)

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Improved Supply-Demand Dynamics in Photovoltaic Glass, Company Profitability Expected to Recover

Stock Buy

Improved Supply-Demand Dynamics in Photovoltaic Glass, Company Profitability Expected to Recover

Shanxi Securities · 2025-09-25 · Flat Glass (601865)

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SiC drives new growth

Stock Buy

SiC drives new growth

China Post Securities · 2025-09-24 · Jingsheng Electromechanical (300316)

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Robust Financials and Ample Cash Reserves; Strategic Production Cuts Alleviate Supply Pressure

Stock Buy

Robust Financials and Ample Cash Reserves; Strategic Production Cuts Alleviate Supply Pressure

Shanxi Securities · 2025-09-23 · Daqo New Energy (688303)

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First Half 2025 Review of Foster: PV Business Under Pressure, Electronic Materials Maintain High Growth

Stock Buy

First Half 2025 Review of Foster: PV Business Under Pressure, Electronic Materials Maintain High Growth

Pacific Securities · 2025-09-19 · First Solar (603806)

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2025 Semi-Annual Report Review: Stable profitability; leading PV and storage company continues to benefit from industry growth

Stock Buy

2025 Semi-Annual Report Review: Stable profitability; leading PV and storage company continues to benefit from industry growth

Southwest Securities · 2025-09-16 · Sungrow (300274)

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BC capacity steadily advancing, Q4 expected to turn profitable

Stock —

BC capacity steadily advancing, Q4 expected to turn profitable

Southwest Securities · 2025-09-16 · LONGi Green Energy (601012)

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PV business still affected by cycles; revenue and orders in lithium battery and semiconductor segments grow

Stock Buy

PV business still affected by cycles; revenue and orders in lithium battery and semiconductor segments grow

Huaan Securities · 2025-09-13 · Autowell (688516)

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Junda Shares 2025 Interim Report Review: Overseas strategy advances, technology remains industry-leading

Stock Buy

Junda Shares 2025 Interim Report Review: Overseas strategy advances, technology remains industry-leading

Pacific Securities · 2025-09-12 · Junda Shares (002865)

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Q2 performance grows YoY and QoQ; comprehensive AIDC layout

Stock Buy

Q2 performance grows YoY and QoQ; comprehensive AIDC layout

Shanxi Securities · 2025-09-12 · Sungrow (300274)

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Fierce industry competition persists; bullish on 'anti-involution' and diversified overseas layout

Stock Overweight

Fierce industry competition persists; bullish on 'anti-involution' and diversified overseas layout

China Post Securities · 2025-09-10 · Junda Shares (002865)

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Company Acquires SKE's Blank Mask Segment, Supporting Self-Reliance and Controllability of Domestic Semiconductors

Stock Overweight

Company Acquires SKE's Blank Mask Segment, Supporting Self-Reliance and Controllability of Domestic Semiconductors

Guosen Securities · 2025-09-10 · Juhua Materials (688503)

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Rapid growth in energy storage shipments; employee stock ownership plan draft released to enhance cohesion

Stock Overweight

Rapid growth in energy storage shipments; employee stock ownership plan draft released to enhance cohesion

Guosen Securities · 2025-09-09 · Deye Shares (605117)

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Year-on-year improvement in profitability; impressive growth in semiconductor and display businesses

Stock Buy

Year-on-year improvement in profitability; impressive growth in semiconductor and display businesses

BOC International · 2025-09-09 · Maxwell Technologies (300751)

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2025 Interim Report Review: Stable Profitability in Film Materials, Rapid Growth in Electronic Materials

Stock Buy

2025 Interim Report Review: Stable Profitability in Film Materials, Rapid Growth in Electronic Materials

Soochow Securities · 2025-09-09 · First Solar (603806)

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Impressive half-year results; focus on PV expansion and semiconductor breakthroughs

Stock Overweight

Impressive half-year results; focus on PV expansion and semiconductor breakthroughs

BOC International · 2025-09-08 · JieJia WeiChuang (300724)

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Return to profitability QoQ in Q2; strong growth in overseas demand

Stock Overweight

Return to profitability QoQ in Q2; strong growth in overseas demand

BOC International · 2025-09-08 · GoodWe (688390)

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Copper paste business advances steadily; active layout in non-PV paste businesses

Stock Overweight

Copper paste business advances steadily; active layout in non-PV paste businesses

BOC International · 2025-09-08 · Juhua Materials (688503)

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Glass production cuts under "anti-involution" call; profit recovery expected

Stock Overweight

Glass production cuts under "anti-involution" call; profit recovery expected

BOC International · 2025-09-08 · Flat Glass (601865)

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Share of fixed tracker deliveries increased in 1H25; sufficient order backlog

Stock Buy

Share of fixed tracker deliveries increased in 1H25; sufficient order backlog

Huaan Securities · 2025-09-08 · Arctech Solar (688408)

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Energy storage installation boom drives steady company performance growth

Stock Overweight

Energy storage installation boom drives steady company performance growth

Guosen Securities · 2025-09-08 · Sungrow (300274)

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NVIDIA's next-gen GPU expected to adopt SiC interposer, new SiC substrate applications unlock growth potential

Stock Buy

NVIDIA's next-gen GPU expected to adopt SiC interposer, new SiC substrate applications unlock growth potential

Soochow Securities · 2025-09-07 · Jingsheng Electromechanical (300316)

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Year-on-year loss reduction in 1H25, potential for profitability turnaround within the year

Stock Buy

Year-on-year loss reduction in 1H25, potential for profitability turnaround within the year

Huaan Securities · 2025-09-06 · LONGi Green Energy (601012)

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H1 2025 earnings meet expectations, bottoming signals evident

Stock Overweight

H1 2025 earnings meet expectations, bottoming signals evident

Huaan Securities · 2025-09-05 · Tongwei Co., Ltd. (600438)

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Q2 gross margin stabilizes; credit impairment impacts profit release

Stock Overweight

Q2 gross margin stabilizes; credit impairment impacts profit release

BOC International · 2025-09-05 · Yubang New Materials (301266)

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Narrower losses QoQ in 25Q2; "anti-involution" efforts expected to boost polysilicon prices

Stock Overweight

Narrower losses QoQ in 25Q2; "anti-involution" efforts expected to boost polysilicon prices

BOC International · 2025-09-05 · Tongwei Co., Ltd. (600438)

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Shouhang New Energy Initial Coverage: Layout in C&I and large-scale energy storage, benefiting from growth in Australian residential storage

Stock Overweight

Shouhang New Energy Initial Coverage: Layout in C&I and large-scale energy storage, benefiting from growth in Australian residential storage

Aj Securities · 2025-09-05 · Shouhang New Energy (301658)

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BSE Information Update: Accelerated capacity clearance in photovoltaics, high growth in semiconductor equipment demand, H1 2025 revenue of RMB 1.099 billion

Stock Overweight

BSE Information Update: Accelerated capacity clearance in photovoltaics, high growth in semiconductor equipment demand, H1 2025 revenue of RMB 1.099 billion

Kaiyuan Securities · 2025-09-05 · Liancheng Numerical Control (920368)

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PV power station turnover accelerates; H1 2025 net profit attributable to shareholders up 40% YoY

Stock Overweight

PV power station turnover accelerates; H1 2025 net profit attributable to shareholders up 40% YoY

Guosen Securities · 2025-09-04 · JinkoPower (601778)

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Deye Shares 2025 Semi-Annual Report Review: Significant Ramp-up in C&I Energy Storage Business; Continued Momentum in Emerging Markets

Stock Overweight

Deye Shares 2025 Semi-Annual Report Review: Significant Ramp-up in C&I Energy Storage Business; Continued Momentum in Emerging Markets

Chengtong Securities · 2025-09-04 · Deye Shares (605117)

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2025 Semi-Annual Report Review: Leading N-type Silver Paste Industry, Steadily Advancing Mass Production of High-Copper Paste

Stock Buy

2025 Semi-Annual Report Review: Leading N-type Silver Paste Industry, Steadily Advancing Mass Production of High-Copper Paste

Minsheng Securities · 2025-09-02 · DKEM (300842)

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2025 Semi-Annual Report Review: Photovoltaic Glass Price Hike in September Expected to Drive Profit Recovery

Stock Buy

2025 Semi-Annual Report Review: Photovoltaic Glass Price Hike in September Expected to Drive Profit Recovery

Dongguan Securities · 2025-09-02 · Flat Glass (601865)

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2025 Semi-Annual Report Review: Q2 Performance Turns Profitable, ABC Module Shipments Surge

Stock Buy

2025 Semi-Annual Report Review: Q2 Performance Turns Profitable, ABC Module Shipments Surge

Dongguan Securities · 2025-09-02 · Aiko Solar (600732)

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2025 Interim Report Review: Q2 Performance Improves QoQ; Core Business Recovery and Robotics Segment Open Second Growth Curve

Stock Buy

2025 Interim Report Review: Q2 Performance Improves QoQ; Core Business Recovery and Robotics Segment Open Second Growth Curve

Soochow Securities · 2025-09-02 · Gaoce Shares (688556)

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2025 Semi-Annual Report Review: Accelerated Ramp-up of Tungsten Wire Diamond Wire, Expansion into Robotics Sector Opens Growth Ceiling

Stock Buy

2025 Semi-Annual Report Review: Accelerated Ramp-up of Tungsten Wire Diamond Wire, Expansion into Robotics Sector Opens Growth Ceiling

Minsheng Securities · 2025-09-02 · Gaoce Shares (688556)

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2025 Semi-Annual Report Review: Short-Term Pressure on Film Profitability, Auto Business Poised to Become New Growth Engine

Stock Buy

2025 Semi-Annual Report Review: Short-Term Pressure on Film Profitability, Auto Business Poised to Become New Growth Engine

Minsheng Securities · 2025-09-01 · Hiuv New Materials (688680)

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2025 H1 Review: Module shipments maintain No.1 position, TOPCon technology continues to upgrade

Stock Buy

2025 H1 Review: Module shipments maintain No.1 position, TOPCon technology continues to upgrade

Soochow Securities · 2025-09-01 · JinkoSolar (688223)

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2025 Interim Report Review: Q2 Shipments Rise QoQ, Gross Margin Slightly Declines Due to Structural Changes, Strong Order Backlog

Stock Buy

2025 Interim Report Review: Q2 Shipments Rise QoQ, Gross Margin Slightly Declines Due to Structural Changes, Strong Order Backlog

Soochow Securities · 2025-09-01 · Arctech Solar (688408)

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2025 H1 Performance Review: Module Business Under Pressure, Energy Storage Segment Steady and Improving

Stock Overweight

2025 H1 Performance Review: Module Business Under Pressure, Energy Storage Segment Steady and Improving

Dongxing Securities · 2025-09-01 · Trina Solar (688599)

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2025 Semi-Annual Report Review: Rising Share of High-Efficiency Modules, Energy Storage Poised for Ramp-Up

Stock Buy

2025 Semi-Annual Report Review: Rising Share of High-Efficiency Modules, Energy Storage Poised for Ramp-Up

Minsheng Securities · 2025-08-31 · JinkoSolar (688223)

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2025 Semi-Annual Report Review: Market share steadily rising, comprehensive layout of new technologies

Stock Buy

2025 Semi-Annual Report Review: Market share steadily rising, comprehensive layout of new technologies

Soochow Securities · 2025-08-31 · Juhua Materials (688503)

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2025 Semi-Annual Report Review: Gradual Introduction of High-Copper Paste; Acquisition of Suote Strengthens Operations

Stock Buy

2025 Semi-Annual Report Review: Gradual Introduction of High-Copper Paste; Acquisition of Suote Strengthens Operations

Soochow Securities · 2025-08-31 · DKEM (300842)

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2025 Semi-Annual Report Review: Short-Term Profit Pressure; Glass Price Hikes in September Expected to Aid Recovery

Stock Buy

2025 Semi-Annual Report Review: Short-Term Profit Pressure; Glass Price Hikes in September Expected to Aid Recovery

Minsheng Securities · 2025-08-31 · Flat Glass (601865)

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2025 Semi-Annual Report Review: Ample Order Backlog, Continuous Breakthroughs in Overseas Markets

Stock Buy

2025 Semi-Annual Report Review: Ample Order Backlog, Continuous Breakthroughs in Overseas Markets

Minsheng Securities · 2025-08-31 · Arctech Solar (688408)

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2025 Interim Report Review: Performance under pressure due to photovoltaic cycle; bullish on growth driven by semiconductor vacuum pumps and data center demand

Stock Overweight

2025 Interim Report Review: Performance under pressure due to photovoltaic cycle; bullish on growth driven by semiconductor vacuum pumps and data center demand

Soochow Securities · 2025-08-30 · Hanbell Precision Machinery (002158)

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2025 Interim Report Review: High-Quality PV Strategy + Strong Breakthrough in Energy Storage, 25H1 Performance Beats Market Expectations

Stock Buy

2025 Interim Report Review: High-Quality PV Strategy + Strong Breakthrough in Energy Storage, 25H1 Performance Beats Market Expectations

Soochow Securities · 2025-08-30 · Canadian Solar (688472)

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2025 Interim Report Review: Significant QoQ growth in energy storage in 2025Q2, continued improvement in shipments in 2025Q3

Stock Buy

2025 Interim Report Review: Significant QoQ growth in energy storage in 2025Q2, continued improvement in shipments in 2025Q3

Soochow Securities · 2025-08-30 · GoodWe (688390)

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2025 Interim Report Review: Sequential Increase in Module Shipments, Energy Storage Achieves Profitability, Promising Future Growth

Stock Buy

2025 Interim Report Review: Sequential Increase in Module Shipments, Energy Storage Achieves Profitability, Promising Future Growth

Soochow Securities · 2025-08-30 · Trina Solar (688599)

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Overseas Business Moves Forward Despite Volatility, Profitability Steadily Improves

Stock Buy

Overseas Business Moves Forward Despite Volatility, Profitability Steadily Improves

Huaan Securities · 2025-08-30 · Sineng Electric (300827)

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2025 Semi-Annual Report Review: Film Profitability Under Temporary Pressure; Electronic Materials Ramp Up Quickly

Stock Buy

2025 Semi-Annual Report Review: Film Profitability Under Temporary Pressure; Electronic Materials Ramp Up Quickly

Minsheng Securities · 2025-08-30 · First Solar (603806)

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2025 H1 Review: Profitability under temporary pressure; module shipments remain in top 8 industry-wide

Stock Overweight

2025 H1 Review: Profitability under temporary pressure; module shipments remain in top 8 industry-wide

Minsheng Securities · 2025-08-30 · GCL System Integration (002506)

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Profitability gradually recovers; expansion into robotics builds a second growth curve

Stock Buy

Profitability gradually recovers; expansion into robotics builds a second growth curve

Sinolink Securities · 2025-08-29 · Gaoce Shares (688556)

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Energy Storage Business Doubles Growth; Profitability Continues to Improve

Stock Buy

Energy Storage Business Doubles Growth; Profitability Continues to Improve

Huaan Securities · 2025-08-29 · Sungrow (300274)

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2025 Interim Report Review: Strong YoY Performance Growth; Bullish on Photovoltaic Order Fulfillment and Resonance with Domestic Substitution in Semiconductor Wet Processes

Stock Overweight

2025 Interim Report Review: Strong YoY Performance Growth; Bullish on Photovoltaic Order Fulfillment and Resonance with Domestic Substitution in Semiconductor Wet Processes

Soochow Securities · 2025-08-29 · JieJia WeiChuang (300724)

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Performance shows recovery; poised to benefit from growing household energy storage demand in Europe and Australia

Stock Neutral

Performance shows recovery; poised to benefit from growing household energy storage demand in Europe and Australia

BOCOM International Securities · 2025-08-29 · GoodWe (688390)

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Q2 Rush Installation Drives Profitability Improvement; Price Recovery Expected in September

Stock Buy

Q2 Rush Installation Drives Profitability Improvement; Price Recovery Expected in September

Sinolink Securities · 2025-08-28 · Flat Glass (601865)

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Sungrow Power Supply Initial Coverage: Company performance expected to enter harvest period; AI construction wave boosts valuation

Stock Buy

Sungrow Power Supply Initial Coverage: Company performance expected to enter harvest period; AI construction wave boosts valuation

Aj Securities · 2025-08-28 · Sungrow (300274)

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Shipments remain #1, continuously strengthening technological advantages

Stock Buy

Shipments remain #1, continuously strengthening technological advantages

Sinolink Securities · 2025-08-28 · JinkoSolar (688223)

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Results in line with expectations, actively advancing industrial chain extension and new business expansion

Stock Overweight

Results in line with expectations, actively advancing industrial chain extension and new business expansion

Sinolink Securities · 2025-08-28 · Yongzhen Shares (603381)

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Company Update: Q2 results meet expectations; C&I energy storage shipments grow rapidly

Stock Buy

Company Update: Q2 results meet expectations; C&I energy storage shipments grow rapidly

Kaiyuan Securities · 2025-08-28 · Deye Shares (605117)

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2025 Semi-Annual Report Review: Refined management effectively reduces costs; ample capital and low-leverage operations help the company navigate the cycle

Stock Buy

2025 Semi-Annual Report Review: Refined management effectively reduces costs; ample capital and low-leverage operations help the company navigate the cycle

Minsheng Securities · 2025-08-28 · Daqo New Energy (688303)

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2025 Semi-Annual Report Review: Leader in PV Paste, Small-Scale Shipments of Copper Paste Achieved

Stock Buy

2025 Semi-Annual Report Review: Leader in PV Paste, Small-Scale Shipments of Copper Paste Achieved

Minsheng Securities · 2025-08-28 · Juhua Materials (688503)

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2025 Semi-Annual Report Review: Strong H1 performance; rapid growth in energy storage systems business

Stock Buy

2025 Semi-Annual Report Review: Strong H1 performance; rapid growth in energy storage systems business

Dongguan Securities · 2025-08-28 · Sungrow (300274)

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Performance meets expectations; downstream rush installation accelerates order fulfillment

Stock Buy

Performance meets expectations; downstream rush installation accelerates order fulfillment

Sinolink Securities · 2025-08-28 · JieJia WeiChuang (300724)

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2025 Interim Report Review: Profitability Rebounded in 25Q2, Asset Impairment Dragged Performance

Stock Buy

2025 Interim Report Review: Profitability Rebounded in 25Q2, Asset Impairment Dragged Performance

Soochow Securities · 2025-08-28 · Flat Glass (601865)

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2025 Interim Review: Continuous optimization of polysilicon technology, strong growth in battery and module shipments, expected improvement amid anti-involution efforts

Stock Buy

2025 Interim Review: Continuous optimization of polysilicon technology, strong growth in battery and module shipments, expected improvement amid anti-involution efforts

Soochow Securities · 2025-08-27 · Tongwei Co., Ltd. (600438)

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2025 Interim Review: Short-term performance impacted by slower equipment acceptance; bullish on semiconductor equipment and materials layout

Stock Buy

2025 Interim Review: Short-term performance impacted by slower equipment acceptance; bullish on semiconductor equipment and materials layout

Soochow Securities · 2025-08-27 · Jingsheng Electromechanical (300316)

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Performance meets expectations; seize opportunities in N-type technology upgrades

Stock Buy

Performance meets expectations; seize opportunities in N-type technology upgrades

Sinolink Securities · 2025-08-27 · Laplace (688726)

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Film profitability expected to recover; electronic materials enter realization phase

Stock Buy

Film profitability expected to recover; electronic materials enter realization phase

Sinolink Securities · 2025-08-27 · First Solar (603806)

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Company Update: Interim Results Remain Robust; Comprehensive Layout in AIDC Power Supply

Stock Buy

Company Update: Interim Results Remain Robust; Comprehensive Layout in AIDC Power Supply

Kaiyuan Securities · 2025-08-27 · Sungrow (300274)

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Performance under short-term pressure, vigorously building new product matrix

Stock Buy

Performance under short-term pressure, vigorously building new product matrix

Sinolink Securities · 2025-08-27 · Juhua Materials (688503)

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2025 Interim Report Review: Performance under short-term pressure due to industry cycle; bullish on platform layout & overseas market expansion

Stock Buy

2025 Interim Report Review: Performance under short-term pressure due to industry cycle; bullish on platform layout & overseas market expansion

Soochow Securities · 2025-08-27 · Autowell (688516)

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2025 Semi-Annual Report Review: Strong 25Q2 performance; AIDC layout builds second growth curve

Stock Buy

2025 Semi-Annual Report Review: Strong 25Q2 performance; AIDC layout builds second growth curve

Minsheng Securities · 2025-08-27 · Sungrow (300274)

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Significant QoQ loss reduction in 25Q2; overseas layout accelerates

Stock Overweight

Significant QoQ loss reduction in 25Q2; overseas layout accelerates

Huajin Securities · 2025-08-27 · JA Solar (002459)

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2025 Interim Report Review: Significant Reduction in Module Losses in 25Q2, Marked Improvement in Cash Flow, Equity Incentives Demonstrate Confidence

Stock Buy

2025 Interim Report Review: Significant Reduction in Module Losses in 25Q2, Marked Improvement in Cash Flow, Equity Incentives Demonstrate Confidence

Soochow Securities · 2025-08-27 · JA Solar (002459)

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1H25 Semi-Annual Report Review: Significant ramp-up in C&I storage inverters, strong growth in energy storage battery packs

Stock Buy

1H25 Semi-Annual Report Review: Significant ramp-up in C&I storage inverters, strong growth in energy storage battery packs

Minsheng Securities · 2025-08-27 · Deye Shares (605117)

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Energy Storage Profitability Remains High; Operating Cash Flow Continues to Improve

Stock Buy

Energy Storage Profitability Remains High; Operating Cash Flow Continues to Improve

Sinolink Securities · 2025-08-26 · Sungrow (300274)

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Hengdian Group DMEGC Magnetics 2025 Interim Report Review: Impressive H1 2025 performance growth; proactive mid-year dividends reward shareholders

Stock Buy

Hengdian Group DMEGC Magnetics 2025 Interim Report Review: Impressive H1 2025 performance growth; proactive mid-year dividends reward shareholders

Pacific Securities · 2025-08-26 · Hengdian Group DMEGC Magnetics (002056)

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Earnings in line with expectations; bullish on anti-involution and international layout driving profitability improvement

Stock Buy

Earnings in line with expectations; bullish on anti-involution and international layout driving profitability improvement

Sinolink Securities · 2025-08-26 · Junda Shares (002865)

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2025 Interim Report Review: Strong Growth for Global PV and Storage Leader; AIDC Layout Opens Third Growth Curve

Stock Buy

2025 Interim Report Review: Strong Growth for Global PV and Storage Leader; AIDC Layout Opens Third Growth Curve

Soochow Securities · 2025-08-26 · Sungrow (300274)

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2025 Interim Report Review: Energy storage shipments surged QoQ in 2025Q2, with C&I storage share steadily rising

Stock Buy

2025 Interim Report Review: Energy storage shipments surged QoQ in 2025Q2, with C&I storage share steadily rising

Soochow Securities · 2025-08-26 · Deye Shares (605117)

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Short-Term Performance Still Dragged by PV Sector; Platform Strategy Highlights Emerge

Stock Buy

Short-Term Performance Still Dragged by PV Sector; Platform Strategy Highlights Emerge

Sinolink Securities · 2025-08-26 · Autowell (688516)

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2025 Semi-Annual Report Review: Continuous optimization of costs and operations; narrowing losses in component business

Stock Buy

2025 Semi-Annual Report Review: Continuous optimization of costs and operations; narrowing losses in component business

Minsheng Securities · 2025-08-26 · TCL Zhonghuan (002129)

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Earnings significantly beat expectations; reduced risk in US operations; AIDC layout opens up valuation upside

Stock Buy

Earnings significantly beat expectations; reduced risk in US operations; AIDC layout opens up valuation upside

BOCOM International Securities · 2025-08-26 · Sungrow (300274)

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Loss slightly exceeds guidance midpoint; supply-side reform certainty increases

Stock Buy

Loss slightly exceeds guidance midpoint; supply-side reform certainty increases

BOCOM International Securities · 2025-08-26 · Junda Shares (002865)

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Performance recovery, new products showing broad-based growth

Stock Buy

Performance recovery, new products showing broad-based growth

Huajin Securities · 2025-08-26 · Levima Advanced Materials (003022)

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2025 Interim Report Review: Short-term Profit Pressure, Diversified Overseas Capacity Layout

Stock Buy

2025 Interim Report Review: Short-term Profit Pressure, Diversified Overseas Capacity Layout

Soochow Securities · 2025-08-26 · Junda Shares (002865)

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2025 Semi-Annual Report Review: Leading solar cell manufacturer accelerates overseas expansion, continuously driving cost reduction and efficiency improvement

Stock Buy

2025 Semi-Annual Report Review: Leading solar cell manufacturer accelerates overseas expansion, continuously driving cost reduction and efficiency improvement

Minsheng Securities · 2025-08-26 · Junda Shares (002865)

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2025 Interim Report Review: Q2 loss narrows QoQ; BC mass production gradually advances

Stock Buy

2025 Interim Report Review: Q2 loss narrows QoQ; BC mass production gradually advances

Soochow Securities · 2025-08-26 · LONGi Green Energy (601012)

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2025 Semi-Annual Report Review: Module shipments remain industry-leading; energy storage business steadily improves

Stock Buy

2025 Semi-Annual Report Review: Module shipments remain industry-leading; energy storage business steadily improves

Minsheng Securities · 2025-08-25 · Trina Solar (688599)

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Sustained performance growth; innovation leads in PV laser equipment, with continuous breakthroughs in non-PV segments

Stock Buy

Sustained performance growth; innovation leads in PV laser equipment, with continuous breakthroughs in non-PV segments

Huaan Securities · 2025-08-25 · DR Laser (300776)

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2025 Semi-Annual Report Review: Profitability under temporary pressure; firm commitment to leading BC product layout

Stock Buy

2025 Semi-Annual Report Review: Profitability under temporary pressure; firm commitment to leading BC product layout

Minsheng Securities · 2025-08-25 · LONGi Green Energy (601012)

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2025 Semi-Annual Report Review: Performance under temporary pressure, polysilicon leader's position remains solid

Stock Buy

2025 Semi-Annual Report Review: Performance under temporary pressure, polysilicon leader's position remains solid

Minsheng Securities · 2025-08-25 · Tongwei Co., Ltd. (600438)

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2025 Semi-Annual Report Review: Q2 Loss Narrows Quarter-on-Quarter, Globalization Accelerates

Stock Buy

2025 Semi-Annual Report Review: Q2 Loss Narrows Quarter-on-Quarter, Globalization Accelerates

Minsheng Securities · 2025-08-25 · JA Solar (002459)

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Solid leading position, awaiting progress in 'anti-involution'

Stock Buy

Solid leading position, awaiting progress in 'anti-involution'

Sinolink Securities · 2025-08-24 · Tongwei Co., Ltd. (600438)

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Losses narrowed significantly; equity incentives demonstrate confidence

Stock Buy

Losses narrowed significantly; equity incentives demonstrate confidence

Sinolink Securities · 2025-08-24 · JA Solar (002459)

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Module losses narrow; "anti-involution" expected to drive profitability recovery

Stock Overweight

Module losses narrow; "anti-involution" expected to drive profitability recovery

Sinolink Securities · 2025-08-24 · TCL Zhonghuan (002129)

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Energy storage overseas market ramps up; awaiting anti-involution progress

Stock Buy

Energy storage overseas market ramps up; awaiting anti-involution progress

Sinolink Securities · 2025-08-24 · Trina Solar (688599)

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Significant loss reduction via efficiency improvement and cost cutting; BC products accelerate penetration

Stock Buy

Significant loss reduction via efficiency improvement and cost cutting; BC products accelerate penetration

Sinolink Securities · 2025-08-24 · LONGi Green Energy (601012)

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2025 H1 Report Review: Impressive 25Q2 Performance, Energy Storage Becomes New Growth Engine

Stock Buy

2025 H1 Report Review: Impressive 25Q2 Performance, Energy Storage Becomes New Growth Engine

Minsheng Securities · 2025-08-24 · Canadian Solar (688472)

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2025 Semi-Annual Report Review: YoY loss reduction in 25H1; expected improvement in H2 amid reduced internal competition

Stock Buy

2025 Semi-Annual Report Review: YoY loss reduction in 25H1; expected improvement in H2 amid reduced internal competition

Soochow Securities · 2025-08-24 · Hongyuan Green Energy (603185)

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Performance meets expectations; high growth potential in semiconductor and display equipment sectors

Stock Buy

Performance meets expectations; high growth potential in semiconductor and display equipment sectors

Sinolink Securities · 2025-08-22 · Maxwell Technologies (300751)

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Large-scale energy storage becomes new growth engine, solid relative advantage in modules

Stock Buy

Large-scale energy storage becomes new growth engine, solid relative advantage in modules

Sinolink Securities · 2025-08-22 · Canadian Solar (688472)

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Three Major Segments Steadily Improving, Differentiated Advantages Continue to Stand Out

Stock Buy

Three Major Segments Steadily Improving, Differentiated Advantages Continue to Stand Out

Sinolink Securities · 2025-08-21 · Hengdian Group DMEGC Magnetics (002056)

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Glyphosate and Photovoltaic Glass Show Improvement; Mining and Methionine Contribute Major Profits

Stock —

Glyphosate and Photovoltaic Glass Show Improvement; Mining and Methionine Contribute Major Profits

Global Fusheng Wealth Management · 2025-08-21 · Hebang Biotechnology (603077)

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