The photovoltaic industry has been in a "winter" since 2011 due to excess capacity, the debt crisis in Europe and the U.S. "double reverse" investigation and other multiple factors such as once Chaoyang unlimited ", while the majority of enterprises in this industry beleive the day is sad, the bank credit risk has gradually revealed that in the time to come, industry consolidation will be the theme in the photovoltaic industry. May 2012, China PV industry development situation is not ideal. In the photovoltaic industry, the winter is far from ending, and the whole industry wishes to empty inventory, as they have had excess production capacity/
In 2011, LDK expansion moves, capital flow shortage, high foreign debt risk. May 16 LDK late 2011 Annual Report along with the company's quarterly reports showed two financial statements showing the operating loss totaled 5.917 billion yuan, a net loss of 5.49 billion yuan. In 2012 in the first quarter this situation has not improved, according to a quarterly showed by the company. During the reporting period the loss was $ 353 million. Industry, "Big Brother" Suntech 2011 full-year loss of $ 1,006,700,000.
Zhengrong Shi, Suntech's chairman, in a recent media interview, said: "The PV industry era of huge profits is a thing of the past, the market has become more mature now. For photovoltaic enterprises, the main lesson to learn is how to increase operational efficiency , Suntech has implemented a series of cash is king strategies starting in 2011, do cut costs, and increase effectiveness remains quite significant. In the fourth quarter of 2011, the company because of the improvement in accounts receivable, had their cash flow increased by$ 490 million This is not a bank loan but rather is their own money. "
Photovoltaic industry,is in a "winter" . As such the VC / PE investors investment enthusiasm towards the entire industry plummeted. ChinaVenture Investment Group financial data products CVSource statistics show that since 2012, only the PV inverter manufacturers GREAT ,a new energy companie, was able to obtain financing. The Difficulties in financing the PV companies is becoming worse.
May 17, U.S. Department of Commerce preliminary ruling from the PV industry in China to make anti-dumping ", the Chinese PV industry is hurt with this vibration.
PV companies are being tryed to this multi-wave and feel that this difficult period of winter must be weathered.
Since the end of 2011, the relevant government departments have been repeatedly introduced policies to stimulate domestic photovoltaic market. Introduction of renewable energy development "12th Five-Year Plan", means they also see hope in the PV industry.
At present, the Government has begun to rationalize its production capacity as the new energy industry begins to change its development model, industrial structure adjustment is occuring as the seize control over the PV companies listing and financing, and guide them into raising capital flows. PV glass, inverter and photovoltaic power plants and other light V industry chains downstream. Recently, listed companies profit science and technology announced that its holding subsidiary of Lee Teng Hui, PV Technology Co., Ltd. plans to in six years in the Qinghai Province each year have an actual input and the development of PV power plant project of not less than 150MW. Qinghai Province Development and Reform Commission approved the construction of these types ofspecific projects each year, Lee Teng-hui will start construction.
The International Energy Network analysts believe that China's photovoltaic industry downturn has some connection with the high dependence on foreign, small businesses. Therefore China must have the domestic enterprises enter into large mergers and also has begin to integrate and improve.
