Last year, the performance of Jiucheng PV listed companies is booming. The industry expects that individual companies will face the challenge of life and death this year.

Abstract photovoltaic industry expert Zhao Yuwen, said, "2018 PV installed capacity will continue to maintain rapid growth, PV companies benefit will get some support, but cheap Internet access under the constraints of demand and capacity to accelerate the release of other factors, competition among PV companies Will become more and more fierce, the industry chain...

Zhao Yuwen, an expert in the photovoltaic industry, said that “the installed capacity of photovoltaics will continue to grow rapidly in 2018, and the benefits of photovoltaic enterprises will receive certain support. However, under the constraints of factors such as parity online demand and accelerated production capacity, the competition among PV companies will be Increasingly fierce, the profits of all links in the industrial chain will also be gradually reduced, and individual companies will also face life and death challenges."

Recently, the photovoltaic company's 2017 financial report has been announced. The two leading Hong Kong stock companies under the industry's leading company, Xinyi, announced their 2017 financial results respectively. Among them, GCL-Poly Energy's revenue reached RMB 23.79 billion, shareholders' profit attributable to shareholders was approximately RMB 1.97 billion, and profit attributable to GCL New Energy shareholders was approximately RMB 7.64. 100 million yuan, a sharp increase of 156% year-on-year.

According to the "Daily Economic News" reporter, in addition to Hong Kong stocks, among the 34 PV companies listed on the A-share market, 90% of the company's performance has achieved red, and only four companies have suffered losses.

However, in the first half of the analysis meeting of the China Photovoltaic Industry Association held recently, it is predicted that the competition among PV companies will further intensify this year.

Most PV companies reported good results last year

The 2017 results report released by GCL-Poly Energy shows that it produces 74,418 metric tons of polysilicon and 23,902 megawatts of silicon wafers, which are 7.9% and 38% higher than 2016 respectively. As of December 31, 2017, revenue was RMB 23.79 billion, up 8.0% year-on-year; gross profit was approximately RMB 8.2 billion, up 16.4% year-on-year; profit attributable to shareholders was approximately RMB 1.97 billion.

In this regard, Chairman of the Board of Directors of GCL-Poly, Zhu Gongshan, said that thanks to the policy support of low-carbon energy and the reduction of solar energy costs, the installed capacity of photovoltaic power generation in China has increased significantly in recent years, and its growth rate is higher than any other fuel for the first time. Unswervingly committed to building a photovoltaic innovation ecological chain, through the open technical cooperation, complementary advantages and strategic interaction, to build a broader "big synergy" and so on.

In addition, according to GCL New Energy's 2017 results announcement, as of December 31, 2017, the company's total installed capacity reached approximately 6GW, continuing to maintain the second largest scale in the world, up 70% from the same period last year; shareholders' profit attributable to RMB 764 million yuan, a sharp increase of 156% year-on-year, the company's photovoltaic power generation is about 5.3 billion kWh, an increase of 92%.

In this regard, Sun Xingping, president of GCL New Energy, told the Daily Economic News that in 2018, the company will focus on promoting photovoltaic poverty alleviation, leading bases and actively promoting distributed trading pilots, and further increase the development of overseas markets.

However, in terms of net profit, the statistics of the China Photovoltaic Industry Association show that among the 34 PV companies in the A-share market, nearly 90% of the PV listed companies still maintain their performances. Among them, Longji, Tongwei and Sunshine Power are 3.45 billion respectively. Yuan, 1.947 billion yuan and 1.038 billion yuan of net profit ranked in the top three.

Individual companies will face life and death challenges

It is worth noting that four of the 34 A-share PV companies have suffered losses. The four companies are Silver Star Energy, Yicheng Xinneng, Hairun Photovoltaic, and Aerospace Electromechanical. In particular, Hareon Solar will face the risk of delisting due to continued losses. The reason why Yichengxin can lose money, the company said that mainly because of the silicon wafer cutting technology change, its first major business crystal wafer cutting edge material volume and price fell.

In this regard, photovoltaic industry expert Zhao Yuwen told the reporter of "Daily Economic News" that "in 2017, after the promotion of '630 rushing tides', the company achieved a substantial increase in performance in the first half of the year, and the installed capacity of photovoltaics also broke through the 53GW mark. Therefore, the performance of Jiucheng Photovoltaic Enterprises is a reasonable result. As for the losses of the other four companies, it is caused by its own reasons, and contrary to the industry's good, it is an abnormal situation."

However, the official website of the China Photovoltaic Industry Association showed that on March 14, the association organized the first half of the PV market situation analysis meeting, the participating companies reported their respective quarters of production capacity, production and other operating conditions, the overall PV market trend The supply and demand situation has been forecasted and exchanged. It is generally said that shipments in the first quarter of this year, especially domestic shipments, are not as good as last year.

At the same time, the above-mentioned associations also believe that due to domestic policies, especially the policy of dealing with distributed photovoltaics, most enterprises predict that the total installed capacity of the domestic market this year is only 40~45GW. Most companies have begun to expand production, which shows that competition between PV companies will further intensify this year.

In this regard, Zhao Yuwen told the reporter of "Daily Economic News" that "the installed capacity of photovoltaics will continue to maintain rapid growth in 2018, and the benefits of photovoltaic enterprises will receive certain support, but under the constraints of factors such as parity online demand and accelerated production release. The competition between PV companies will become more and more fierce, and the profits of all links in the industry chain will be gradually reduced, and individual enterprises will also face life and death challenges."

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