Large-scale daily limit ups! Photovoltaic, full-line explosion! Tesla, suddenly breaking 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, once again falling below 4,000 points; 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 dropping over 2%.

Specifically, the Shanghai Index fluctuated narrowly in the morning, then quickly declined in the afternoon, dropping more than 1%; the ChiNext Index remained strong. By the close, the Shanghai Index 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 trading volume 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 declined today, with sectors such as oil, military, steel, chemicals, and pharmaceuticals weakening. The power sector was strong, with Huadian Liaoning Energy hitting the daily limit for five consecutive days, and ShaoNeng Shares rising limit for three days in a row. Photovoltaic industry chain stocks surged, with Jinneng Technology up over 15%, and more than a dozen stocks including Dongfang New Energy and Zhongli Group also hitting the daily limit. Homa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 New Energy and Yunneng Technology up over 10%. Notably, Xiechuang Data plunged significantly in the afternoon, once hitting the limit down.

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 Material increased over 10%, and more than ten stocks including Dongfang New Energy and Zhongli Group also hit the limit. Homa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, previously ordered equipment from a leading domestic heterojunction device manufacturer, with delivery expected in the first week of May. Exporting semi-conductor-like products requires filing and approval from relevant authorities, which is still underway.

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

In early this year’s Davos Forum, Musk stated that Tesla and SpaceX would 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 conducted intensive visits to many domestic photovoltaic companies. Several companies have entered the space with full industry chain advantages, and some have already 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, it is expected to meet the huge equipment procurement demand generated by Musk’s 200 GW capacity plan. 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 spaceflight. The industry is moving from scale competition to a new stage of value creation.

Power Sector Strengthens

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

Notably, Huadian Liaoning Energy 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 installed capacity accounting for 82.56%. There have been no major changes in daily operations. The market environment and industry policies have not undergone significant adjustments, and costs and sales have remained stable. Internal production and operations are normal. The company confirmed that there are no media reports or market rumors that could significantly impact its stock price, nor are there 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. The company reminds investors to fully understand market risks and be cautious of trading risks in the secondary market.

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 overheat and irrational speculation, deviating significantly from the Shanghai Composite Index and the industry index for power and heat supply. The company confirmed that its operations are normal, with no major changes in daily activities. Market environment and policies remain stable, and costs and sales are steady.

Xiechuang Data Sudden Plunge

Xiechuang Data (300857) plunged sharply in the afternoon, once hitting the limit down, and closed down nearly 15%, with a total trading volume of 8.86 billion yuan for the day.

It is reported that the sharp decline may have been influenced by a small article regarding the company’s server procurement compliance. Subsequently, Xiechuang Data issued a statement saying that recent market rumors about the company are false. To prevent misinformation from affecting market perception, the company solemnly declares: it has always operated in compliance, all intelligent computing products are purchased through compliant commercial channels, and it strictly abides by 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.