Chinese PV companies will make large-scale losses in the third quarter

With the collapse of the prices of silicon wafers and polysilicon, the domestic photovoltaic industry will soon face a full loss in the third quarter.

According to media reports yesterday, due to the uncertainty in the price trend and market demand of many companies in the first half of the year, a large number of products were produced in advance, and a large number of stocks were backlogged. Photovoltaic module companies fell into large-scale losses. In a few days, most of the domestic PV companies will announce the third quarter financial report, and it is estimated that a large number of companies will suffer losses.

In the case of weak PV demand in Europe and the discontinuation of production of some wafer companies in the upper reaches of the country, China's PV module makers may also be worse off and will face US anti-dumping and anti-subsidy measures. Domestic and diplomatic difficulties, PV giant Suntech Power, LDK and even reported to bankruptcy, Suntech shares are also appalling, from the peak of 90 US dollars in 2008 plummeted to the current more than 2 US dollars, a drop of about 97%.

According to the second quarterly report released, Suntech Power had a loss of 260 million U.S. dollars, Levy suffered a loss of 88 million U.S. dollars, Zhongdian Solar lost a total of 17 million U.S. dollars, and Hanwha New Energy lost 11 million U.S. dollars. Some companies are also on the verge of losing money. For instance, Yan Huiguang has only 2 million U.S. dollars in profit, and AT&S Solar and Trina Solar have only 7 million U.S. dollars and 12 million U.S. dollars in profits.