External CompetitionFluctuations in polysilicon prices, stiffening competition, technology disruptions, power supply disruptions, and trade friction are potential negative impacts on earnings.
Market OversupplyThe downward pressure on average selling prices is greater than expected amid industry glut, affecting the share price performance.
Share PlacementShare placement of 1.56bn new shares is out of market expectation, sending a pessimistic signal on the sector outlook to investors.