2012年12月20日星期四

Solar photovoltaic industry, the stock market welcome warm spring


The main business of sun power solar PV inverter, wind energy converters and other power supply. Inverter products revenue in the first half of this year, accounting for about 90%. The product in the first half of the gross profit margin also decreased, but is still as high as 40.4%.

PV inverter is a necessary equipment in the power generation system of the photovoltaic power plants. Therefore, China's PV market, especially distributed power station construction, quick start, it will lead to further growth in the inverter market demand, the company will undoubtedly benefit. From the company's current operating situation, the company is also expanding the market in various ways, such as the first half of the year, with China Three Gorges New Energy Company signed an agreement, cooperation in the construction of the Suzhou District, Jiuquan City, two 50 MW totaling 100 MW of grid-connected PV projects. Of course, we should also pay attention to the impact of foreign large inverter companies on the domestic market.

Takamoto shares the western power station development to large scale

The Lungi shares main business is the silicon rods, silicon research and development, production and sales. Currently wafers capacity of 1GW about the domestic and foreign manufacturers of monocrystalline silicon wafers forefront.

From the first half of this year, the company's silicon sales revenue of 716 million yuan, a year-on-year growth of 16.09%, the gross profit margin was 18.06%, down 14.09 percent.

Companies in downstream development, such as holding subsidiaries obtained an agreement to develop 300MW solar cell photovoltaic power generation projects in the area of ​​6.7 square kilometers in the County of Ningxia, and allowed to carry out the preliminary work of 20MW photovoltaic power plant projects; another holding subsidiaries obtained Tongxin County, Ningxia PV power plant a 30MW grid power generation project, is also approved to carry out the preparatory work of the 10MW photovoltaic power plant project, which indicates that the company is also expanding industrial chain and increase overall competitiveness.

The photovoltaic plate market or recommended stocks will come back

Chinese Premier Wen Jiabao chaired a State Council executive meeting on the 19th, the research to determine policies and measures to promote the healthy development of the photovoltaic industry. Analysts believe that the meeting identified five policy measures, from the fundamental solution to the plight of the PV industry solutions, and elimination of backward production capacity at the same time, they provide a comprehensive subsidy mechanism. It can be predicted that the merger and reorganization will be the guidelines a new direction for the photovoltaic industry through the winter, while the PV concept stock market will stage a comeback.
Northeast Securities believes that the first quarter of next year is the most difficult point in time, some companies will be eliminated in the second quarter as the ongoing consolidation in the industry as well as foreign policy bearish gradually the best, and the industry at the bottom and gradually established and emerging markets in the second half and gradually fill the European market decline, industry capacity reduction in the industry at the bottom is expected to be basically established. Larger domestic policy efforts, although the substantive effect will take some solar panel time to honor, but the secondary market will continue the policy stimulus is reflected in the short-term trading opportunities exist. The next year the industry is expected to usher in a turning plate configuration opportunities exist, may be concerned about the qualification relatively good company, as Lungi shares, Hairun photovoltaic.

Everbright Securities PV backward production capacity with the the government wide range of support, concerns have gradually eliminate. The next 6-9 months, the photovoltaic industry is expected to usher in a substantial, medium and large production capacity exceeding 1GW exit PV industry into a substantive capacity systolic. At the same time, the stimulation of domestic demand, coupled with external market economic situation is getting warmer will support global PV demand next year, an increase of 10-15% effective, the shift in supply and demand upside down relationship is expected to improve in the second quarter of next year after the first half of the year the price bottomed expected to significantly. Expected after the exit of the production capacity, the investment opportunities in the large probability in the photovoltaic industry chain

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