On the evening of February 9, poly GCL Energy Holdings Co., Ltd. (03800. HK) announced that based on the principle of maximizing the interests of all shareholders of the company, the board of directors launched a feasibility study to discuss and plan the possibility of the company’s listing on the stock exchange in China, including the listing method, time and any offering plan.
A senior industry analyst told reporters that since 2015, China’s photovoltaic industry has developed rapidly, the photovoltaic industry chain has gradually shifted from Europe and the United States to China, and China has become the world’s largest photovoltaic production and application market. Especially in the past two years, China’s “double carbon” and other favorable policies have appeared frequently, and the photovoltaic industry is in a long boom track. The return of overseas listed photovoltaic enterprises to A-Shares is conducive to value revaluation, improve enterprise financing capacity, and then accelerate the pace of industrial expansion.
The reporter found that as of the closing on February 9, the market value of A-share silicon enterprises Tongwei Co.Ltd(600438) and Xinjiang Daqo New Energy Co.Ltd(688303) had reached 175.6 billion yuan and 97.8 billion yuan respectively, but the valuation of Hong Kong stock silicon enterprises was much lower than the two. According to the performance forecast, GCL poly’s profit in 2021 is very bright, especially its original independent intellectual property FBR granular silicon technology, which has been closely watched by the market and previously received large investment from head investment institutions such as Hillhouse capital.
According to public information, since 2019, China’s leading photovoltaic enterprises, including Ja Solar Technology Co.Ltd(002459) , Trina Solar Co.Ltd(688599) , Xinjiang Daqo New Energy Co.Ltd(688303) , Atlas and Jingke energy, have returned to A-Shares from US stocks.
