In 2012, China's photovoltaic business can be described as an unlucky year, has suffered a dual investigation of the United States, the European Union and countries such as India turns. Affected by this impact, Jiangsu number of PV companies facing large losses.
The beginning of this year, according to statistics released by the Energy Bureau of Jiangsu Province, the first 10 months of last year, the photovoltaic industry in Jiangsu Province in output value of 180 billion yuan, a year-on-year decline of 28%, including 10 Moonlight volts export value reached 6.89 billion yuan, a year-on-year decline up to 38%.
Jiangsu number of PV companies have recently announced 2012 earnings, the data show that PV enterprises in Jiangsu Province are still facing the cold.
March 5, Yingli Green Energy fiscal year 2012 financial results released last year, Yingli Energy Total net revenues 11,391,900,000 yuan ($ 1,828,500,000) in the same period last year to 14.678 billion yuan; net loss of 3.0644 billion yuan (491.9 million U.S. dollars ).
Other enterprises in Jiangsu Province, Trina Solar has released the fiscal year 2012 financial results last year, Trina solar cell revenue of $ 1.3 billion, a decrease of 36.7% compared to 2011; net loss of $ 266.6 million in 2011 for a net loss of 3780 million.
The Dragon Optical Letters published before 2012, the Tianlong Photoelectric main income of 176,891,800 yuan dropped to 841.718 million yuan from the same period in 2011, a decrease of 78.98%; net profit reported a huge loss of 469,846,800 yuan, a decline 854.66%.
Called GEM losses king. Tianlong Photoelectric Securities Department staff told reporters that the entire industry around the photovoltaic industry, and its subsidiaries are involved in the industry, in 2012, the photovoltaic solar panel industry is generally affected by the impact of shrinking demand and excess capacity, plus friction between PV companies large, leading photovoltaic products continued to decline in value, resulting in sales plummeted, companies were hit even harder. "
A Photovoltaic Industry Association insiders told reporters, the photovoltaic enterprises face difficulties, "The first reason is that prices have fallen sharply, the price of PV modules dropped from $ 1.5 per watt in 2011 to $ 0.7 fell more than 50%, which led to the case of enterprise shipments increased, the income still fell sharply. The second reason is that the higher part of the corporate debt ratio, total liabilities of several listed companies in Jiangsu Province, and even more than $ 600 billion, the average debt ratio over 70%. The third reason is that production stagnation, Jiangsu nearly one thousand enterprises which half is in shutdown state.'
Point of view from the financial statements, a number of loss-making enterprises, but under the favorable policies of the government, some enterprises from this year's apparent recovery. December 19 last year, the State Council executive meeting to determine the five measures to promote the development of the photovoltaic industry, which makes photovoltaic enterprises see hope, is also considered a bailout move. Many PV companies does make government policy support, as well as international power grid photovoltaic enterprises stand to see the hope of recovery, Jiangsu also makes many PV companies into the PV power plant investment among the above PV industry insiders told reporters.
According to the reporter. In May last year, Suntech signed a strategic cooperation agreement with the Phono Solar, the two sides will work together to expand the domestic photovoltaic power plant projects, mainly related to the common development of large photovoltaic power plants, rooftop power station, construction and investment. Subsequently, Trina Solar signed a cooperation memorandum of understanding with the Yancheng, Jiangsu Yancheng vast deserted mudflat resources to seek development and construction of one hundred-megawatt solar power station will be in the next few years. In addition, in January of this year, Trina Solar announced Wuwei City, Gansu 50MW grid-connected photovoltaic power generation project construction and management and operation qualification.
It is worth noting that Although orders Jiangsu PV companies in the government's favorable policies, but insiders told reporters, many PV companies in Jiangsu in a shutdown state, want to go back to the good development road enterprises are restructuring, then some companies will require integrated and eliminate some of the enterprise. "