Company's third quarter results beat market
expectations. The main reason is the domestic photovoltaic subsidy policy
implementation at the end of August , and clearly centralized power plant in
the western region of the benchmark price will be lowered in the next year ,
the West appears to grab the ground station equipment tide of domestic
companies PV inverter and power plant EPC has two main business very strong
stimulus.
Since the fourth quarter of the annual
revenue recognition is still a peak performance of more than three quarters of
a single quarter possibility is very large, so the larger -than-expected
full-year results for the probability . Revenue recognition from the company 's
point of view the law over the years , with a strong seasonal fourth-quarter
revenue sharply over the first three quarters of this year, the company's
revenue seasonality still exist, so the fourth quarter revenues ring high
likelihood of significant growth over , single- quarter results also higher
than previously expected full-year results will be .
Recent grab ground mounted power plant west
of the country so that the dc to ac inverter eeds a substantial increase in the short
term , resulting in periodic short supply, inverter prices upward trend. The
recent influx of western ground station robbed mounted inverter caused massive
release of short-term demand , and major manufacturers of inverter capacity
expansion will take some time , leading to tension between supply and demand ,
there has been phased in short supply, inverter prices upward trend.
Grab the western power plants installed
also greatly boost the development of the company power plant EPC business. In
order to meet the rapidly increasing demand for downstream power plant owners ,
EPC sized companies may rapidly expanding business in the short term , and
delivery time may significantly advance. This year the company completed EPC
projects have a greater probability of far more than the amount of 80 ~ 100MW
massing originally planned .
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