Overreliance on the bright semi-annual report of the export photovoltaic industry is difficult to hide the risk of foreign trade

As of the 24th, the mainland's four quarterly companies listed in the world’s top ten PV module manufacturers’ financial reports will be announced. From the results of Yingli Green Energy, Suntech Wuxi and JA Solar, which have announced their financial reports, the revenue in the second quarter has increased substantially year-on-year.

However, experts believe that the global solar energy market will be oversupply or will be reproduced, and related countries may initiate trade protection. As more than 95% of China's photovoltaic products rely on exports, the outlook for the photovoltaic industry is still not optimistic. Photovoltaic companies should take precautions to plan ahead and enter the emerging markets as soon as possible. While maintaining their own cost advantages, they should further improve product quality and gradually change the previous competition strategy relying solely on price advantages.

Bright performance

Photovoltaic company listed semi-annual report gratifying

From the second half of 2009 onwards, with the global economy gradually warming up, and the pulling effect of governments in promoting solar energy in various countries, the photovoltaic industry has shown a strong recovery, and this trend has continued unabated in 2010. Up to now, there are three top companies in the mainland that have nominated the world's top ten PV module manufacturers to announce the second quarter financial report.

Among them, Yingli Green Energy's financial report for the second quarter of fiscal 2010 showed that the company achieved total revenue of $398.1 million in the second quarter, an increase of 80.1% year-on-year and an increase of 10.2% compared to the previous period. Wuxi Suntech's 2010 second-quarter financial report showed that The company’s second-quarter net revenue was US$62.51 billion, a year-on-year increase of 94.8% and a growth of 6.3% from the previous quarter. JA Solar’s ​​second-quarter 2010 financial report showed that the second quarter’s total revenue was US$351 million, a month-on-month increase of 25 %.

On August 24th, Trina Solar will also release its second-quarter earnings report. Most organizations expect the company's first-half revenue to increase substantially year-on-year. In the previous quarterly report, the company expects full-year shipments of 750 MW to 800 MW in 2010, an increase of 88% to 100% over 2009.

“The overall performance of the major companies in the second quarter was good, mainly due to the strong demand of the global photovoltaic market during the period. The key here is naturally the German market.” Jiang Qian, chief investigator of China Investment Advisor New Energy Industry, accepted the “Economic Information Daily” reporter During the interview, the installation of new photovoltaics in Germany reached 3G W in the first half of 2010, and the installation volume in the month of June increased significantly. This is closely related to the rush-preemption situation triggered by Germany's downward adjustment of subsidies in July.

Jiang Qian said that in addition to Germany, other European countries including Italy, France, the Czech Republic, Belgium, and Greece, as well as the United States, India, and even China, have expanded their market capacity, which is also a strong demand for the global photovoltaic market in the second quarter. The amount of protection. As China's PV companies account for more than 40% of the global market share, the installed capacity of more than 7G W in the global PV market in the first half of the year naturally led to a substantial increase in the performance of PV companies.

In addition to the strong market demand, the price of photovoltaic products has continued to rise worldwide since March of this year, which is a key factor in the dramatic increase in the performance of photovoltaic manufacturers. For instance, Jiang Qian said that the average price of solar cells in the first quarter of 2010 was maintained at around 1.3 euros/watt in the first quarter of 2010, but the price was 1.42 euros/watt at the end of June, and the growth rate was close to 7%. In the first half of 2009, during the period of severe financial crisis, European countries, especially Spain, had a major shift in their solar energy policies, causing the global photovoltaic market to shrink dramatically, further causing the price of photovoltaic products to drop sharply.

“From the current point of view, the booming demand worldwide continues. The export of China's PV companies continues to remain steady, but since the German subsidies were lowered in early July, the current demand in the German market has drastically decreased. Germany's exports have naturally declined," Jiang Qian said.

Chamber of Commerce Early Warning: Be alert to some countries launching trade protection measures

As of the 24th, the mainland's four quarterly companies listed in the world’s top ten PV module manufacturers’ financial reports will be announced. From the results of Yingli Green Energy, Suntech Wuxi and JA Solar, which have announced their financial reports, the revenue in the second quarter has increased substantially year-on-year.

However, experts believe that the global solar energy market will be oversupply or will be reproduced, and related countries may initiate trade protection. As more than 95% of China's photovoltaic products rely on exports, the outlook for the photovoltaic industry is still not optimistic. Photovoltaic companies should take precautions to plan ahead and enter the emerging markets as soon as possible. While maintaining their own cost advantages, they should further improve product quality and gradually change the previous competition strategy relying solely on price advantages.

Jiangxi Xinyu Photovoltaic Industry's main business income is expected to exceed 20 billion yuan this year. The picture shows the roof of solar energy photovoltaic project in Xinyu City. Xinhua News Agency reporter Zhou Keshe

Bright performance photovoltaic semi-annual report of listed companies gratifying

From the second half of 2009 onwards, with the global economy gradually warming up, and the pulling effect of governments in promoting solar energy in various countries, the photovoltaic industry has shown a strong recovery, and this trend has continued unabated in 2010. Up to now, there are three top companies in the mainland that have nominated the world's top ten PV module manufacturers to announce the second quarter financial report.

Among them, Yingli Green Energy's financial report for the second quarter of fiscal 2010 showed that the company achieved total revenue of $398.1 million in the second quarter, an increase of 80.1% year-on-year and a year-on-year increase of 10.2%. Wuxi Suntech's 2010 second-quarter financial report showed that the company Net revenue for the second quarter was 625.1 million U.S. dollars, a year-on-year increase of 94.8% and a year-on-year increase of 6.3%. JA Solar's fiscal second-quarter financial report showed that total revenue for the second quarter was 351 million U.S. dollars, an increase of 25% from the previous quarter.

On August 24th, Trina Solar will also release its second-quarter earnings report. Most organizations expect the company's first-half revenue to increase substantially year-on-year. In the previous quarterly report, the company expects full-year shipments of 750 MW to 800 MW in 2010, an increase of 88% to 100% over 2009.

“The overall performance of the major companies in the second quarter was good, mainly due to the strong demand of the global photovoltaic market during the period. The key here is naturally the German market.” Jiang Qian, chief investigator of China Investment Advisor New Energy Industry, accepted the “Economic Information Daily” reporter During the interview, it said that in Germany in the first half of 2010, the installed capacity of new photovoltaics reached 3 GW, and the installation volume in June alone increased significantly. This is closely related to the rush-preemption situation triggered by Germany’s downward adjustment of subsidies in July.

Jiang Qian said that in addition to Germany, other European countries including Italy, France, the Czech Republic, Belgium, and Greece, as well as the United States, India, and even China, have expanded their market capacity, which is also a strong demand for the global photovoltaic market in the second quarter. The amount of protection. As China's PV companies account for more than 40% of the global market share, the installed capacity of more than 7GW in the global PV market in the first half of the year naturally led to a substantial increase in the performance of PV companies.

In addition to the strong market demand, the price of photovoltaic products has continued to rise worldwide since March of this year, which is a key factor in the dramatic increase in the performance of photovoltaic manufacturers. For instance, Jiang Qian said that the average price of solar cells in the first quarter of 2010 was maintained at around 1.3 euros per watt in the first quarter of 2010, but by the end of June this price was at 1.42 euros per watt, an increase of close to 7% from the previous month. In the first half of 2009, when the financial crisis was severely rampant, European countries, especially Spain, had a major shift in their solar energy policies, causing the global photovoltaic market to shrink dramatically, further causing the price of photovoltaic products to drop sharply.

“From the current point of view, the booming demand worldwide continues. The export of China's PV companies continues to remain steady, but since the German subsidies were lowered in early July, the current demand in the German market has drastically decreased. Germany's exports have naturally declined," Jiang Qian said.

Chamber of Commerce Early Warning Focused on International Environmental Protection Trade Protection

Although Chinese companies currently account for more than 40% of the global PV market, international competition in this market has intensified. President Barack Obama recently delivered a speech at the American Labor Confederation-Industry Trade Union Federation that he will compete with China and India in the clean energy industry and provide millions of jobs for Americans. The U.S. government will vigorously develop the emerging industry of clean energy, including the manufacture of wind turbines, solar panels, car batteries, nuclear power plants, and clean coal technologies.

At the same time, South Korea's Samsung Group also announced in May this year that it will invest 21 billion U.S. dollars in the next 10 years to diversify its business in areas such as renewable energy. Solar panels are precisely the most critical component of this, and before that, the collective expansion of Japanese manufacturers was even more ferocious.

The fierce competition has increased the risk of trade protection, and the hidden dangers of anti-dumping are still worthy of vigilance. Although a wave of anti-dumping initiatives initiated by European and American manufacturers in China last year have temporarily subsided, this does not mean that this storm has completely evaporated, and this is precisely China. Photovoltaic industry is the biggest hidden danger in the terminal market. "Because more than 95% of China's photovoltaic products rely on exports, and are concentrated in a few countries such as Germany. Once these countries launch trade protection measures, the impact on China's photovoltaic industry can be regarded as devastating," said Jiang Qian.

In addition to trade protection risks, some European countries intend to lower or cancel the government's support policy for solar subsidies, which will also have a long-term impact on the market. "Economic Information Daily" reporter learned from the Chinese Chamber of Commerce for Import and Export of Machinery and Electronic Products that according to the EPIA analysis of the world's largest solar energy industry organization, as some European countries intend to reduce or cancel the government's support policy for solar energy subsidies, the price of solar energy products in the second half of this year is expected. Will be flat and a slight decline, if the demand turns to shrink next year, the global solar energy market surplus or will reappear. The global solar energy industry fears to repeat the mistakes of the 2008 financial crisis and faces a new winter.

“According to the current international environment, the Electromechanical Chamber of Commerce’s Legal Service Center has asked China’s photovoltaic cell and other export companies to keep a close watch on the development trend of overseas industries and be vigilant against possible trade protection measures taken by relevant countries.” Liu Huijuan, Head of Legal Service Center, China Chamber of Commerce for Import & Export of Mechanical and Electrical Products The "Economic Information Daily" reporter was told that the Chamber of Commerce had issued relevant important notices on related companies on August 12.

Prepared experts call for stronger coordination among domestic enterprises

The rapid rise of emerging PV markets in Asia, the Americas, etc. is undoubtedly a great advantage for Chinese PV manufacturers who want to get rid of the over-reliance on the European market and thus spread their operating risks. But at the same time, it is also a good opportunity for international PV manufacturers who want to share a share in the expanding global market. Therefore, this also indicates that the competition for the European market in the photovoltaic field will further escalate into a global market battle.

From the current point of view, due to the declining demand in the German market, the company’s shipments in the third quarter may be lower than the previous month. Although it is expected to rebound again in the fourth quarter, Jiang Qian believes that many overseas manufacturers will fully release their production capacity during the period, which is bound to Cause no small pressure on domestic manufacturers. In terms of corporate performance, although the exchange loss may be further reduced, due to the decline in product prices, coupled with the sequential decline in shipments, the overall performance of the company is not optimistic over the first half.

In an optimistic situation, relevant experts pointed out that the ups and downs of the market will undoubtedly increase the risk of industry development. Chinese enterprises must plan ahead, take preventive measures, pay attention to foreign communication, mobilize importers, and other parties to take a keen grasp of market signals and voices, and from low carbon Development, environmental protection, free trade and other angles oppose all forms of trade protectionism. Since Europe and the United States still do not recognize China’s market economy status and discriminate against Chinese companies in terms of rules, Chinese companies do not wait until anti-dumping and anti-subsidy emerge before they start their actions. Instead, they must make early warning and avoid friction.

Jiang Qian believes that although domestic large companies do not have sales prices lower than the cost, due to the lack of coordination of the entire photovoltaic industry, a few companies do have the practice of fighting price wars and damage the overall image of Chinese products. In addition, a long-standing industry concern is exposed at this time - due to the long-term export of products, companies in China's photovoltaic industry tend to be fighting each other, the organization is loose, it is difficult to unify the need for consistent external. Jiang Qian also pointed out that in the face of anti-dumping crisis that may be encountered, industry coordination is very necessary.

In response to possible international trade frictions in the new energy sector, Director of the Bureau of Fair Trade of the Western United States Alumni Association, Director of the Fair Trade Bureau of the Ministry of Commerce Cheng Yongru stated on the 15th at the “Residential Aesthetics Forum” of the European and American Alumni Association to stay in the US branch that the government needs to refer to Germany, etc. The conventional practice in the new energy field has taken practical and effective measures in the areas of fixed electricity pricing, supporting construction, smart grids and other public policies, starting the domestic market as soon as possible, fundamentally avoiding trade frictions, and keeping track of international trends in carbon tariffs, etc. Do a good job of risk prevention. In the context of globalization, Chinese companies also need to consider the mutual integration of European and American companies in both domestic and foreign markets, and achieve mutual benefits through strategic cooperation.