In the past three weeks, the Flush photovoltaic concept index fell by more than 20%, the market value evaporated, and the performance of some photovoltaic companies, the performance of the stock price double dive has been repeatedly on the top of the "hot search", in this industry and even under the cold winter, many photovoltaic companies almost at the same time officially announced the repurchase of stock prices, starting the stock price defense war!
The bitter cold has arrived
From January 29, 2024 to February 4, 2024, it is destined to be an extremely painful week for all of you, and the Straight Flush PV Concept (885531) Index fell by 16% for the week13, a single week decline hit a 7-year historical record, since January 15, in just half a month, the decline of more than 20%, the market value of many photovoltaic leaders evaporated, many investors suffered heavy losses.
In this cold winter, it is not only the stock price in the fourth quarter that gives photovoltaic people a chill, but also the performance report in the fourth quarter. On January 27, silicon wafer leader TCL Zhonghuan New Energy Technology Co., Ltd. disclosed its 2023 performance forecast, which is expected to have a net profit of 4.2 billion yuan to 4.8 billion yuan in 2023, a year-on-year decrease of 296% to 384%；The net profit after deduction was 3.1 billion yuan to 3.6 billion yuan, a year-on-year decrease of 4447% to 5218%, once the announcement was issued, the stock price fell by 23 in the next five trading days89%, with a market value of more than 10 billion. On the same day, Haiyou New Materials also issued a performance announcement, disclosing that its profit in 2023 fell by more than 53918%, a sharp loss of more than 200 million yuan, and the stock price fell by more than 21% in the last five trading days.
However, under such a harsh winter, the photovoltaic leaders not only did not disappear, but collectively started the stock price defense war.
The repurchase tide has reappeared, and the photovoltaic leaders have taken the lead
On the evening of January 30 and February 3, 2024, TCL Zhonghuan New Energy, a leader in the photovoltaic industry, made a brazen move and continuously disclosed its repurchase plan and repurchase progress. According to the announcement of TCL Zhonghuan New Energy, from January 30, 2024 to January 31, 2024, TCL Zhonghuan New Energy repurchased a total of 4,999,968 shares of the company through the Shenzhen ** exchange trading system in a centralized bidding transaction, accounting for 01237% with the highest price of 1257 yuan shares, the lowest transaction price is 1247 yuan shares (changed to ** higher than February 2 ** price nearly 10%), the total amount paid exceeds 62 million yuan (excluding stamp duty, transaction commissions and other transaction costs), according to its plan, the total amount of funds to be used for repurchase is not less than 500 million yuan (including the number), and not more than 1 billion yuan (including the number), and there is a total of at least 400 million repurchase plans in the future, and this is just a wave of the repurchase tide.
On the evening of January 31, 2024, Tongwei Co., Ltd. also announced that it intends to increase its shareholding in the company by no less than 1 billion yuan and no more than 2 billion yuan (from February 1, 2024 to January 31, 2025) through the methods permitted by the trading system of the Shanghai Stock Exchange. On the evening of the same day, Trina Solar Co., Ltd. also announced that as of January 30, 2024, it would repurchase 12,024,537 shares through the Shanghai ** Exchange trading system in a centralized bidding transaction, with the largest repurchase transaction being 3812 yuan shares, the lowest price is 2387 yuan shares, with a total amount of nearly 410 million yuan; LONGi Green Energy Technology Co., Ltd. also announced that its chairman, Mr. Zhong Baoshen, plans to increase his shareholding in the company through the method permitted by the Shanghai ** Exchange system within 12 months from October 31, 2023, with an increase of no less than RMB 100 million and no more than RMB 1500 million yuan, and the increase in holdings on January 30 was more than 6.14 million yuan.
Since then, the repurchase announcements of various leading enterprises have continued to appear, such as Xinjiang Daqo New Energy Co., Ltd. *** as of January 31, 2024, through the Shanghai ** Exchange trading system through centralized bidding transactions to repurchase a total of 7,763,655 shares of the company's shares, the largest repurchase transaction is 4058 yuan shares, the lowest price is 2706 yuan shares, with a total amount of more than RMB 265.99 million (excluding transaction costs); As of January 31, 2024, JA Solar Technology Co., Ltd. repurchased 17,938,169 shares of the company through the Shenzhen ** exchange trading system through centralized bidding transactions, with the highest transaction price of 2216 yuan shares, the lowest transaction price is 1705 yuan shares, with a total transaction amount of more than 359,910 yuan (excluding stamp duty, transaction commissions and other transaction costs); As of January 31, 2024, the company has repurchased a total of 11,512,334 shares through the Shenzhen ** Exchange trading system in a centralized bidding transaction, with the largest repurchase transaction being 9072 yuan shares, the lowest price is 7846 yuan shares, with a total amount of nearly RMB 1 billion (excluding transaction costs). It is worth mentioning that Sungrow's share price gradually stabilized after the announcement and maintained **.
What's more, he even got on the "combination boxing". On February 1 and February 2, 2024, Aiko Co., Ltd. successively issued the announcement "Announcement on the Implementation of the Repurchase and Cancellation of Equity Incentive Restriction" and "Announcement on the Progress of Repurchasing the Company's Shares by Centralized Bidding Transaction", which not only disclosed that Shanghai Aiko New Energy Co., Ltd. had repurchased 16,055,180 shares through the special account for share repurchase in a centralized bidding transaction as of January 31, 2024, and the total amount paid was 259,928,64569 yuan (excluding transaction commissions and other transaction costs), and further disclosed its **repurchase cancellation, the announcement shows that the repurchase and cancellation of restrictive** involves 19 people, and a total of 155,694 shares are planned to be repurchased and cancelled; After the completion of the repurchase and cancellation, the remaining equity incentive restricted** 2,213,925 shares.
At this point, a magnificent wave of buybacks in the photovoltaic industry has begun.
Under the severe cold, please believe in the "light".
Think of Huawei's founder Ren Zhengfei's sentence in the second half of 2022: "Take survival as the most important program, shrink and close all edge businesses, and pass the cold to everyone." Today, a year and a half later, most people should really feel this biting cold. As one of the well-known "tracks" of photovoltaics, the chill during this period is biting, and I believe that all investors and photovoltaic people have also experienced it. However, the brazen action of photovoltaic companies under the tide of buyback has also given everyone a new ray of hope.
The editor believes that with the help of all photovoltaic people and photovoltaic enterprises, we will survive the cold winter, and photovoltaic companies will also become the "light" in the winter before the spring flowers bloom. *NE-Salon FGY