Sunshine Power Shares Soar as Executives Halt Stock Reduction Plans Amid Rapid Price Surge

Sunshine Power’s stock price has doubled! In a surprising turn of events, company executives have suddenly decided to “hit the brakes” on their planned share reductions.

On the evening of September 26, Sunshine Power announced that the vice chairman and senior vice president, Gu Yilei, along with directors and senior vice presidents Wu Jiamao, Deng Dejun, and Wang Lei, have decided to terminate their share reduction plans ahead of schedule. Since the reduction announcement on July 11, the company’s stock price has steadily climbed, achieving a twofold increase by September 26.

Initially, on July 11, Sunshine Power disclosed a plan for certain directors and senior management to reduce their holdings. According to the announcement, the executives intended to sell up to 424,900 shares, which represents 0.0207% of the total share capital. However, as of the latest announcement, these executives have all chosen to halt their selling plans prematurely.

Currently, Gu Yilei holds 700,000 shares (0.0341%), Wu Jiamao owns 577,500 shares (0.0281%), Deng Dejun has 559,600 shares (0.0273%), and Wang Lei possesses 72,800 shares (0.0035%). Regarding the reason for ending the reduction plan, Sunshine Power explained that this decision was made to avoid short-term trading. Nevertheless, the company also indicated that the relevant personnel would submit a new reduction plan when appropriate, in compliance with legal requirements, and that the new plan’s reduction volume would not exceed the previously disclosed amount.

It is noteworthy that since the announcement of the reduction plan, Sunshine Power’s stock price has risen instead of falling, doubling in value from July 11 to September 26. Particularly on September 5, the stock price surged more than 30% over three consecutive trading days, prompting the company to issue an announcement regarding abnormal stock trading fluctuations, confirming that there were no undisclosed significant information.

The stock’s strong performance is supported by solid financial results. In the first half of 2025, Sunshine Power reported a net profit of 7.735 billion yuan, marking a year-on-year increase of 55.97%. The gross profit margin improved from 32.4% in the same period last year to 34.4%. Additionally, the company announced a dividend plan of 9.5 yuan per 10 shares, amounting to a total cash dividend distribution of approximately 1.95 billion yuan.

On August 26, the company also revealed plans to issue H shares and list them on the Hong Kong Stock Exchange’s main board, further expanding its international financing channels.

The rise in individual stocks can be attributed to the overall positive trend in the industry sector. Since April this year, the A-share photovoltaic equipment sector has experienced a continuous upward trend, with an accumulated increase of nearly 40% from April 9 to September 26. In the second half of the year, the photovoltaic industry is gradually overcoming “internal competition” challenges due to favorable policy guidance and improved market expectations.

From a policy perspective, multiple favorable factors continue to shape the development of the industry. In July, the Central Financial Commission’s sixth meeting explicitly proposed “governing low-price and disorderly competition according to the law,” providing direction for industry order regulation. Subsequently, in September, China announced a new round of national contributions goals at the UN Climate Change Summit, stating that by 2035, non-fossil energy consumption should account for over 30%, and the installed capacity of wind and solar power should exceed six times that of 2020, aiming to surpass 3.6 billion kilowatts. This long-term goal delineates clear incremental space for the photovoltaic industry, further strengthening market confidence in the industry’s prospects.

Addressing the specific challenges currently facing the industry, Wang Hongzhi, Director of the National Energy Administration, provided further solutions in a signed article titled “Promoting High-Quality Development of New Energy with Greater Efforts.” He proposed driving cost reduction and efficiency improvements through technological innovation, and addressing “internal competition” issues in the photovoltaic industry, while promoting a transition from a single power consumption model to a comprehensive energy utilization approach.

Looking ahead, Shenwan Hongyuan highlighted that with the continued implementation of anti-competitive policies and accelerated capacity clearance, the industry’s supply and demand structure will tend to balance. Leading companies are actively reducing production, optimizing capacity structures, and strengthening technological advantages, guiding the industry toward healthier development. The darkest period for the photovoltaic glass sector is coming to an end, with leading companies like Flat Glass and Qibin Group likely to achieve both profitability and valuation recovery during the industry’s rebound.

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