PV Unit Collective Diving multiple factors cause poor performance

More than 10 photovoltaic stocks plunged collectively over the weekend after Wang You's first-half earnings were not "bright" due to the revelations of several photovoltaic companies listed in the US.　　The reasons for the poor performance of photovoltaic companies in the second quarter are manifold, and the lack of demand in Europe, the main photovoltaic market, is the root cause. PV shares fell sharply in Friday (US time), LDK 22.98%, the entire new energy, Suntech, Hua New energy, respectively, plunged 8.6% to 9.7%, Crystal Division Energy, Yu-hui sunshine, Trina Solar energy, and Crystal Australia, and CSL Solar also 3.2% to 5.9% of the decline.　　Even if Yingli Green energy has relatively good performance, it is affected by the market, but also has a 6.57% decline.　　After the plunge, Suntech closed at $5.1/share, the lowest price in 52 weeks, and the price of Trina Solar 13 USD/share was only one step away from the 52-week low of 12.75 dollars. "Given the two-quarter earnings of LDK and CLP, some investors are still worried about the future growth of the PV industry in the third quarter, so it is reasonable to sell stocks in the hands of the group."　　"China Merchants Securities researcher Wangliucheng pointed out. CLP PV Two quarterly revenue growth of 22.4% (up to 144 million U.S. dollars), but the chain decreased by 13%, the company net loss of 16.9 million U.S. dollars.　　Solar energy is also now 35.4 million U.S. dollars losses, the same period last year net profit of 28.8 million U.S. dollars.　　The company's performance in the two quarter has fallen markedly, albeit for multiple reasons, but the underlying reason is poor demand in Europe's main photovoltaic market. Crystal Australian solar energy executives believe that the loss of PV components shipments, component products, the average price of sales fell, is the company two quarters of the reasons for losses.　　The company said that in March-May this year, Germany's installed capacity fell more than 50%. In addition, some companies are also biased in anticipation of market demand, and some companies have higher inventories, resulting in lower gross profit margins and a sharp rise in costs. The company's two-quarter inventory was set at $27.7 million trillion, which is reflected in the cost of the sale.　　Financial Controller John Wong also said the company's two-quarter gross profit margin was 2.6%, one reason being the high inventory costs.　　Other costs for the PV industry also rose markedly in the two quarter, which has also been one of the reasons for the decline in performance.　　Coping: Multi-hand preparation many photovoltaic companies said that in the short term the PV industry encountered some problems, and to achieve long-term success, there should be a variety of preparations. "Even if there is excess capacity in the short term, we have to make our batteries and components larger and match." "CLP's CEO Cai Zhifang said.　　According to our correspondent understand that, in the end of June 2011 photovoltaic investment 1.8 billion yuan to expand the module capacity, the second half of the latter 157 million U.S. dollars in capital expenditure (two quarters of the capital expenditure of 27.9 million U.S. dollars). Crystal Branch EnergyChairman Li Xiande told this newspaper, the second quarter of this year, the production capacity of the Crystal Division 1.1G Watts, the end will reach 1.5G. Open up new markets, or become the top priority of photovoltaic enterprises in another preparation. Lixianjiang believes that the US market has recovered from the 7-82-month observation, so shipments in the second half may not be lower than the weakest quarter (208 MW). He expects the company to have 230 megawatts to 250 megawatts of shipments in the third quarter. And CLP is also in San Francisco, the layout of the United States, is currently recruiting. The top executives of the Chinese market, which may have large demand, are planning to redesign their sales and marketing strategies. "We are also bullish on India. Local demand for our components increased from 6 MW in the two quarter to 40 MW at the beginning of July.　　"Cai Zhifang said.　　He also believes that the current more urgent problem is to control the cost of raw materials and the cost of amorphous silicon as much as possible, while improving the efficiency of the use of raw materials. Li Xiande pointed out that the previous stage of the price of polysilicon fell from 70 U.S. dollars/kg to 55 U.S. dollars/kg, "but it seems that domestic polysilicon prices can not fall to 50 U.S. dollars/kg below, which means that most of the cost of polysilicon manufacturers in this figure." But I believe that (with technological progress) the cost of polysilicon can fall to 35 USD/kg in the short term. "The share price of some listed PV companies has plummeted: (last Friday) the company's decline in LDK 22.98%, new energy 9.67% Suntech Power 8.77% hua New energy 8.61% Yingli Green Energy 6.57% Solar solar 5.85% Crystal Australian solar energy 4.66 % Crystal Division Energy 3.2%