Suntech after the fall of the next will be of LDK

Previous Suntech what bankruptcy has been speculation that countless times, but when it really came tumbling down that moment, people's nerves or by a strong stimulus: the the original once vibrant photovoltaic giant is so fragile, under a fallen who will LDK LDK (LDK) do?

"LDK solar charge controller  word imprinted in their eyes before March 2011, when the people's mind will immediately emerge "Zevi speed the glamorous word" the LDK miracle "," speed of light ". However, things have changed, and now people Zevi impression more gloomy layoff storm, especially since last year continue to burst the supplier Dumen Dun in government debt reveal all the details, the "nationalization" of the message, once let Zevi become bankrupt company loudest voices.

The Zevi final to the partial nationalization of the suspension of a possible bankruptcy. However, since Suntech bankruptcy, left after the expansion impulse huge liabilities also alleged transfer of benefits Zevi really be able to hold it? October 22, 2012, LDK announced that the price of 0.86 U.S. dollars / share, Jiangxi HengRui new Energy Limited acquisition Zevi prior to the issuance of all the issued and outstanding capital stock of 19.9%, LDK $ 23,000,000 equity financing.

Hengrui new energy 40% stake owned by Xinyu City, Jiangxi Province, the state-owned Assets Management Co., Ltd. and its 60% stake owned by Albert Henderson. In Xinyu City, owned indirectly holds Zevi equity after the acquisition, and previously Dongying Photovoltaic solar panel price government managed implementation of the nationalization of the transaction is the industry's interpretation of as "LDK nationalization. At the same time, Zevi Peng Xiaofeng "Lightning" turned "more than 70 days after return again as Zevi legal representative, chairman, CEO positions.

However, we must also see Suntech bankruptcy addition sounded a warning to the Chinese PV companies overcapacity, more importantly, is the invisible hand it means that the market is gradually replaced by the visible hand of government play a role. An industry expert correspondents said, "In fact, as early as in 2011, the PV solar grid tie inverter industry should be integrated already outside the industry consensus, but strong local protectionism has been so difficult to promote this process delays, Suntech bankruptcy let We see industry consolidation to accelerate the hope. "

March 16, still in distress Zevi annual Global Supplier Conference held in Jinggangshan. At the meeting, Zevi, president and CEO of Tong Hing snow rhetoric, sales revenue is expected to reach $ 2.7 billion in 2013 to achieve overall profitability. But Rome was not built in a day, the company has series of six quarterly losses, as of the third quarter of last year, LDK total liabilities amounted to 24.893 billion yuan, of which only the short-term liabilities amounted to 20.09 billion yuan, the company's cash and cash equivalents a total of only $ 111.9 million. The tight liquidity position has always been the sword of Damocles hanging over the head of LDK.