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Market News
PV industry changed to better
Time:2013-03-05

March 4 evening, one of the top ten PV giant British interest first published report and full year earnings seasons, 2012 was 11.39 billion yuan annual income, net loss of 3.06 billion yuan, of which the fourth-quarter revenue increased to 2.9 billion yuan, mainly because the component shipments rose 40.6 percent from a year earlier. 


This positive trend this year will be renewed. "Yingli shipped a record high in January and February 2013, total shipments increased 15% year on year." Yingli relevant person in charge told the "Economic Information Daily" reporters, is expected in 2013 shipments grew by 39.4% compared to 2012 to 43.7%. 


In fact, not only Yingli, including Artes, Jinko, etc. listed in the U.S. this year, the domestic photovoltaic companies have significantly increased volume of shipments, the photovoltaic industry is beginning to pick up, the entire industry operating rate of over 80%, while the PV modules The prices also rose more than 10%. 


But it can not be ignored is that there is still a critical situation of photovoltaic funds, accounts receivable financing difficulties and high problem difficult to lift the short term. The industry believes that, if run properly, as demand began to stabilize by the end of this year or early next year, the photovoltaic industry in order to achieve a real recovery. 


Data show that in the last three months of 2012, the domestic PV module shipments soared to reach 11GW, a record high. Into 2013, the photovoltaic industry further show signs of recovery. According to Solarbuzz analyst Han Qiming introduced January to February enterprises operating mostly in more than 80%, mainly because of U.S. and European markets restocking demand and domestic market expansion. 


HebeiJinglong Group, the relevant responsible person said, the company orders a quarter full, only 240 MW wafer business, 450 megawatts of solar modules, the sales income 1.6 billion yuan in January 2013. 


JinkoSolar even a shortage of staff and workers. "Since last year's fourth quarter, orders strong demand, the production line has been open enough and demand is still a wide gap, especially when many in Europe, Japan, India, and the number of domestic orders, the first two months of this year sales and production is very Good. "Qian Jing JinkoSolar global brand director, told reporters that this year will be relatively strong demand, especially in the first half, the order was not unhappy. 


In business orders rebounded, while prices of related products are rapidly rising. Social business data, polysilicon prices since January this year, so far, has risen nearly 20%, which in February factory price from 123,100 yuan / ton rose to 138,500 yuan / ton, rose to 12.49% in a single month. 


"Components tender quotes from the previous 3.8 yuan / watt up to 4.1-4.3 yuan / watt, while the market price is more expensive than the tender price of two hair." China PV Alliance responsible person said. 


In another record high shipments, while the domestic market accounts receivable and capital chain issues once again placed in front of the photovoltaic business. Statistics show that the first three quarters of 2012, 41 PV companies receivables up to 31.6 billion yuan, representing an increase of 6.9 billion yuan a year earlier, an increase refrain. 


This situation has not improved in the fourth quarter. Yingli seasons report shows that creditors are still as high as 3.68 billion yuan, Yingli carrying amount of cash was 3.05 billion yuan, compared with the end of the third quarter to reduce the carrying amount of 670 million yuan in cash. The 3.22 billion yuan at the end of the third quarter, accounts receivable increased by 3.92 billion yuan at the end of the fourth quarter. 


"Although the overall situation for the better, but the situation is still relatively tight financial chain, companies in a variety of forms to increase financing channels, to seek bank credit, but in the EU double reverse, uncertain market conditions, banks are still cautious. "These Yingli responsible person admits, is expected to be in the financial position has improved after three quarters of this year.


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