2013 PV companies will continue the trend of the "huge loss"

As of the end of March 2013, there have been a few representative photovoltaic giant announced fiscal year 2012 earnings, according to the filing shows, Yingli solar giant net loss of 3.0644 billion yuan ($ 491.9 million) in 2011 compared with a net loss of 32.09 one hundred million yuan; Trina solar energy net loss of $ 266.6 million, a net loss of $ 37.8 million in 2011; Hareon 2012 only 2.0759 million yuan of profits last year, but Hareon is amazing subsidy of 402 million yuan, so its actual losses.

PV production capacity will continue to seriously greater than the demand, some companies down and die, out of production has entered a crucial stage, if the local government does not exit, reshuffle the impasse. 2012 PV shipments of approximately 23GW, actual production capacity is still around 35GW, after the toss last year, many sectors of the minor players forced out of the industry giants towering down almost without exception, the local government in disguise large aid  Photovoltaic Panels companies or leading photovoltaic corporate restructuring, has been very limited production capacity out of space.

From the demand point of view, the Chinese PV market thunder and heavy rain, represented by China emerging markets can only make up for the European market, the vacancy caused by the 2013 global PV demand may only be around 33GW, the growth rate is smaller, and left the market share of the Chinese PV companies up to only 15GW, there are still huge asymmetries between demand and capacity. Weak growth in the price of photovoltaic products, the profitability of the business is still low.

Polysilicon prices "up" space. Component price growth is weak because the capacity polysilicon prices upside. First, in February 2013, the average price of imports from the United States, Germany, South Korea polysilicon is only $ 17, the dumping trend is still evident, in this context, the Chinese government should not only from the perspective of retaliatory determine the beginning of the "dual" cutting results. Europe to China "dual", should be liable to a tax rate on overseas polysilicon mppt solar charge controller or domestic enterprises all closed down, the capacity is highly concentrated, the Chinese PV will be controlled by others, polysilicon prices will probably not as they are now so low.

Second, polysilicon prices do not improve the profitability of the enterprise itself will not change, this long-term plan for polysilicon enterprises, in line with the price of 25 U.S. dollars / kg upstream enterprise status, are also likely to "double reverse" after . Global PV product prices fell sharply with the generous government subsidies of great relevance to Chinese enterprises through a great variety of government subsidies for global transport photovoltaic products, production capacity and technological progress but not a major factor.

"Double reverse" if established, the PV diy solar panels market space was backlog, a large number of PV companies for fear of escape bankruptcy fate, enterprises and local governments clearly on this point is very afraid, but from another point of view, even if there is no European "double reverse", the Chinese PV business days but also good to go? The author feels that the "double reverse" the establishment of the Chinese PV industry will have a long-term positive, "dual" out of a large number of backward production capacity, local governments are also unable to rescue the local enterprises, China's photovoltaic industry reshuffle to end as soon as possible. Bankruptcy is to disappear from the market, not the so-called restructuring, first, the largest enterprise die or quit, qualify as true sense of the production can shrink.