XINTE ENERGY (01799) shares dropped more than 8% in the afternoon session. As of the time of writing, the stock was down 7.96% at HK$4.28, with a trading volume of HK$11.8979 million.

On the news front, on August 12, the Silicon Industry Sub-Association released the latest polysilicon pricing data. This week, no new orders were executed, and companies have suspended price quotes. The association noted that all parties are currently observing the effects of industry norms and the operational status of the supply chain, awaiting the gradual formation of a new transaction consensus.

It is reported that eight major domestic polysilicon leaders recently signed an "Anti-Internal Competition" initiative. However, some analysts point out that this initiative is an industry self-regulatory document, and the actual degree of supply contraction remains to be seen. Whether polysilicon prices have truly reached an inflection point still requires further verification from subsequent price quotes by leading companies such as Tongwei Co., Ltd. and GCL Technology Holdings, as well as downstream buyers' acceptance of those prices.