Beginning in the second half of 2012, more than the old once glorious moment giants have been rumors of bankruptcy. Initially as LDK, the company's share price fell from a peak of $ 40 to about $ 2, and LDK's liabilities amounted to 24.893 billion yuan, old energy richest man Peng Xiaofeng also at the cusp; then the Suntech Power Shi Zhengrong, as China's richest man in 2006, unable to turn the tide, the company's liabilities reached $ 3.582 billion, the bank dun, the company is close to bankruptcy danger;
The latest is the Japanese sun (002,506), the chairman of the company, the largest shareholder of Ni Kailu 99% of the shares are mortgaged to the Bank and the Trust for cash abroad recently debt were industry rumors into "Paolu," .
Times of crisis, the several photovoltaic giant thought of local government, and hope that the Government can lend a helping hand in the bank dun pumping credit, nobody cares about the status of the investment institutions, local government has indeed become these enterprises have The only savior.
Xinyu City, LDK Solar panel, which prepare 20 billion to ease the debt crisis to the enterprise transfusion.
October 22, HRH new energy and LDK signed a share purchase agreement, the Xinyu SASAC curve into the company, to complete the partial nationalization of the LDK.
Wuxi municipal government also single-handedly foster and grow Suntech implementation assistance, and the city a major leadership at the end of September 2012 personally led stationed Suntech site office.
Ultra-day sun, chairman of Nikai Lu "Paolu overseas rumors after the of Fengxian District Government and relevant departments jointly creditor banks meet frequently in the company, to discuss details of the rescue plan, in consultation with the creditor banks in the current the difficult situation, hope the banks not pumping credit, continue to the enterprise Xudai.
Unfortunately, the local government may not be the last straw for these enterprises, government overestimate their own abilities, and the plight of enterprises apparently overestimated the government's energy.
Carlyle, an analyst told reporters that, in the short run, the local government's relief will make some enterprises to the verge of bankruptcy last legs, but in the long run, enterprises out of the woods, and rely on their own competitiveness and profitability of the two is to look at the environment of the entire industry.
Previously, the market research firm NPD Solarbuzz predicts global PV solar cell installed capacity in 2012, while, according to statistics of the China Photovoltaic Industry Alliance, more than 160 photovoltaic cells and modules in China the company's total production capacity is about 40 GW to 29 GW capacity of the Chinese PV companies are still in a serious state of excess.
Local government rescue capacity is limited, it is impossible to help companies make money, it is impossible for the industry as a whole improved, in general, is to make up the corporate state of a dead nor alive. "Carlyle analysts said.