New Energy of Jin Yang Soars Over 7%: BC Products' Profit Space to Further Open Up

New Energy of Jin Yang (01121) soared over 7% in the morning trading, with a price increase of 4.23%, now standing at HK$1.48, and a transaction volume of HK$13.21 million.

Jin Yang New Energy will hold its board meeting on August 29 to review its interim performance. Opening Securities pointed out that Love Shine's second-quarter results showed a turnaround from losses to profits. Amidst the general industry downturn in the solar sector, BC technology's excess earnings have already been realized. Looking forward to the second half of the year, as the solar industry continues to "de-average" and the price trend is expected to rebound, BC products' profit space will further open up.

It is learned that Jin Yang New Energy announced on September 24, 2024, that it had established a joint venture company with Jinyi Power (Jinyi New Energy) and Longji Green Energy, upgrading four PERC production lines at Xi'an Aerospace Industrial Base to HBC production lines. Additionally, Jin Yang New Energy announced on April 25, 2025, that Fujian Goldstone (Jinyi New Energy) and Yiwu Crystal Pearl had planned to establish a joint venture company, upgrading 4GW of PERC production capacity to HBC production capacity, with Jin Yang New Energy providing the patent technology license for HBC batteries.