PV Glass Market Conditions: Demand for PV glass is low, leading to increased inventory days and a price drop to RMB11.5 per square meter, pushing profitability for leading companies close to breakeven while others face larger losses.
Price Forecast for Next Year: CICC anticipates that average prices for 2.0mm PV glass will stabilize next year at RMB13-13.5 per square meter, compared to this year's average of RMB12.59, which is a 15.83% decrease year-over-year.
Company Recommendations: CICC has recommended XINYI SOLAR and FLAT GLASS, maintaining their valuation and earnings forecasts for these companies.
Short Selling Data: As of December 22, 2025, XINYI SOLAR has a short selling of $25.85M with a ratio of 17.943%, while FLAT GLASS has a short selling of $1.92M with a ratio of 7.910%.
Wall Street analysts forecast 00968 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00968 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00968 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00968 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 3.160
Low
Averages
High
Current: 3.160
Low
Averages
High
CICC
maintain
$13
Al Analysis
2025-12-23
Reason
CICC
Price Target
$13
Al Analysis
2025-12-23
maintain
Reason
The analyst rating from CICC is based on the current challenges facing the PV glass market, including dull demand, increasing inventory days, and a significant drop in prices to RMB11.5 per square meter. This has led to the profitability of leading companies nearing breakeven, while others are incurring deeper losses. Despite these challenges, CICC anticipates that prices and costs will stabilize next year, with an estimated average price for 2.0mm PV glass projected to be between RMB13-13.5 per square meter. CICC's recommendation for XINYI SOLAR and FLAT GLASS reflects a cautious outlook, maintaining valuation and earnings forecasts unchanged amidst the current market conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
