On June 10, Junda Shares (02865.HK) fell 5.37% in regular trading, trading at 25.66 HKD/share, with trading volume of 38.66 million HKD.
On the news front, the photovoltaic sector continues to face multiple headwinds. April solar installations plunged 78.95% year-over-year, while June production schedules for wafers, cells, and modules declined 8%, 12.3%, and 18% respectively. Additionally, 23 European industry associations jointly urged the EU Commission to deploy trade defense instruments against unfair competition and global overcapacity in sectors including solar. The entire PV value chain remains in sustained losses, with all leading module makers reporting continued losses in Q1.
Meanwhile, the company's large shareholder reduction plan window opened on June 10, covering up to 3% of shares (approximately 35.47 million shares). Following a prior rally of approximately 40% driven by SpaceX super factory construction and IPO expectations, profit-taking pressure has intensified significantly. Although the company has deployed space photovoltaic capabilities through its subsidiary, such business has yet to generate material revenue to offset core business losses.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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