Photovoltaic Companies on China's New Third Board: Challenges, Strategies, and Future Outlook
As of Q2 2024, over 35% of photovoltaic (PV) companies listed on China's New Third Board (NEEQ) have reported declining revenues - the worst performance since 2018's "531 New Deal" policy shift . The sector that once produced 11-bagger stocks now sees market leaders like Zhenxin Optoelectronics (838463.NQ) trading at just ¥1.39/share, a 92% drop from its 2021 peak .
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