Next Week's Focus | The countdown to the abolition of photovoltaic export tax rebates begins. These investment opportunities are the most reliable.

Ask AI · How will the cancellation of export tax rebates for photovoltaics accelerate technological iteration?

【Breaking News】

March PMI data to be released

On March 31, the PMI data for March will be released. According to data from the National Bureau of Statistics, in February, the manufacturing PMI was 49.0%, a decrease of 0.3 percentage points from the previous month; the non-manufacturing business activity index was 49.5%, an increase of 0.1 percentage points from the previous month; and the composite PMI output index was 49.5%, a decrease of 0.3 percentage points from the previous month.

From April 1, export tax rebates for products like photovoltaics will be fully canceled

According to announcements from the Ministry of Finance and the State Administration of Taxation, starting April 1, 2026, the value-added tax export rebates for products like photovoltaics will be canceled. Since 2013, China has implemented an export tax rebate policy for the photovoltaic industry, effectively helping companies reduce costs and enhance international competitiveness during the industry cultivation stage. It is understood that the gradual exit of the export tax rebate policy for the photovoltaic industry began at the end of 2024, with the national rebate rate reduced from 13% to 9%. This cancellation of rebates has been anticipated by the industry.

Industry analysis suggests that the cancellation of export tax rebates will exert short-term pressure on export companies, accelerating the internal motivation for companies to engage in global capacity layout, thus promoting the Chinese photovoltaic industry to shift toward a “technology pricing” high-quality development track. In the future, the penetration speed of advanced technology routes such as TOPCon3.0, BC, and perovskite will accelerate, and the industry will usher in a new development stage driven by technology.

Semiconductor manufacturers to raise prices for some products from April 1

The global semiconductor industry is brewing a new round of price increases. Texas Instruments, NXP, and Infineon have recently issued price adjustment notices to customers, announcing that they will raise prices for some products starting April 1. Among them, some products from Texas Instruments could see price increases of up to 85%. The expected price increase for Infineon’s mainstream products is between 5% and 15%, while some high-end products may see even higher adjustments.

Fuel surcharge for domestic routes to be raised from April 5

Spring Airlines previously announced that starting from April 5, 2026 (including that day) at 00:00 (based on order time), the fuel surcharge for domestic flights in China will be increased, with specific adjustment details to be notified later.

So far, Air China, China Southern Airlines, China Eastern Airlines, and other airlines have not yet announced notifications for the fuel surcharge increase, but it is widely believed that other airlines will follow suit, leading to an industry-wide price adjustment trend.

Nearly 29.3 billion yuan of market value to be unlocked next week

Wind data statistics show that next week (from March 30 to April 3), a total of 28 restricted stocks will be unlocked. Based on the latest closing prices, the total market value of the unlocked shares is nearly 29.3 billion yuan.

In terms of unlocked market value, the top three are: Hongri Da (10.846 billion yuan), Wanrun New Energy (4.898 billion yuan), and Shouhang New Energy (2.911 billion yuan). In terms of the number of unlocked shares, the top three are: Gongxiao Daji (380 million shares), China Unicom (224 million shares), and Hongri Da (128 million shares).

【New Stock Opportunities】

Three new stocks to be issued next week

Wind data shows that next week (from March 30 to April 3), there will be three new stock issuances, with Saiying Electronics and Yuyuan Composite Materials being issued on March 30, and Dapu Micro being issued on April 3.

(This article is from Yicai)