HK Stock Market Move | Photovoltaic stocks collectively rise, photovoltaic profits are expected to continue to recover, and space photovoltaics will see intensive catalysis.

Photovoltaic stocks collectively rose, as of the time of publication, Hainan Drinda New Energy Technology (02865) rose 10.43% to 38.8 Hong Kong dollars; GCL TECH (03800) rose 5.75% to 0.92 Hong Kong dollars; FLAT GLASS (06865) rose 5.35% to 9.25 Hong Kong dollars; XINYI SOLAR (00968) rose 2.66% to 3.09 Hong Kong dollars. On the news front, JA Solar Technology stated in its performance briefing that the gross profit margin has turned positive in the first quarter, indicating a trend of profit recovery. The second quarter is expected to remain under pressure, but with policies being implemented in the second half of the year and stable supply and demand, there is a chance to achieve a profit turnaround in a single quarter. The rapid development of energy storage will promote the integration of photovoltaics, enhance economic viability, and it is expected that the global photovoltaic market will return to positive growth from 2027 onwards, with photovoltaic storage becoming the core DRIVE. Sinolink released a research report stating that the domestic commercial space industry Addsino Co., Ltd. is speeding up comprehensively, with a window of intensive satellite launches expected in the middle of the year, which will drive industry chain orders and income volume. At the same time, with SpaceX going public, the debut of Starship V3, and upcoming meetings between Chinese and American leaders, the space photovoltaic sector is expected to experience intense resonance at home and abroad in May and June. State Grid Corporation of China's 4GW independent BC bidding continues to validate the cost-effectiveness of BC products under a backdrop of high silver prices, with the reliability being confirmed and an accelerated expansion of supply, reaffirming confidence in leading BC component suppliers.