Photovoltaic warming polysilicon is still in winter

Tianwei Change, one of the leaders in the domestic polysilicon industry, released the 2013 interim report on the evening of the 26th. In the first half of the year, the company realized a net loss attributable to shareholders of 1.09 billion yuan, which was further increased compared with the net profit of -344 million yuan in the same period of last year.

Tianwei Baochang currently ranks third among domestic polysilicon manufacturers, and is an industry leader. The results of the mid-term report continued to report losses, and people in the industry could not help but lament: This is incompatible with the situation in which the downstream manufacturers of PV cells and modules have reported their first-half results.

According to statistics of Wind, 17 of the A-share solar panel manufacturers that have released 2013 mid-year report performance have already experienced positive year-on-year growth rates in the first half of the year. Among them, 5 companies have achieved substantial growth in the past year. Turning losses into profits, they are Longji, Aerospace, Sunflower, Central and Jiangsu Sunshine.

The operation of the photovoltaic industry in the first half of 2013 issued by the Ministry of Industry and Information Technology recently pointed out that in the first half of the year, the price of photovoltaic modules increased and the cost decreased. The operating conditions of enterprises have been greatly improved. The gross margin of some enterprises has been positive, and the gross profit of individual backbone enterprises has reached approximately 10%. The company that expects to turn a profit at the end of 2013 will further expand.

However, for polysilicon segmentation, the report pointed out that in the first half of the year, China had only 8 polysilicon production companies, and nearly 80% of the polysilicon enterprises had stopped production, and some companies that had been shut down for too long and were not competitive would gradually be eliminated by the market.

The analysis pointed out that due to the gradual increase in the demand for domestic and emerging markets in the Asia-Pacific region, the current level of prosperity of the entire photovoltaic industry has bottomed out. However, due to the lag in the transmission effect of the industry chain, this warm current has not yet been transmitted to the polysilicon link in the upstream. In addition, the domestic polysilicon industry was severely affected by the overcapacity and the US and South Korea's imports of polysilicon dumping. The operating rate of enterprises was less than 10%. The combination of the two major factors led to the continued sluggish performance of polysilicon companies in the first half of the year.

The above report analysis said that as small and medium-sized polysilicon companies have closed down in the second half of the year and the degree of industrial concentration has increased, it will help leading companies expand market share and reverse the current decline. This is undoubtedly a big plus for leading companies like Tianwei Change.