Four photovoltaic giants two quarterly results in a mixed worry

Generally optimistic about the second half of the market Wang You with the eve of the yesterday's LDK Solar Energy Technology Co., Ltd. LDK.　　NYSE, hereinafter known as "LDK", reported two quarterly results, with the four photovoltaic giants listed on the NYSE listing their two-quarter operating earnings. Suntech and LDK suffered losses this quarter, while Yingli Green energy (YGE). NYSE, hereinafter referred to as "Yingli", Trina Solar (TSL). NYSE) remains profitable.　　Four companies also expressed the hope that in the second half of the increase in market prosperity, to reverse the adverse situation and earn more profits. The quarterly results show that Suntech and LDK lost 259 million dollars and 87.7 million dollars respectively, although Trina was profitable but only 11.1 million dollars.　　Only the British profit is the most profitable, reaching 58.1 million dollars. According to Suntech's earnings and internal meeting records, the main reason for Suntech's huge losses was that it terminated its supply agreement with two upstream companies, MEMC, CSG Solar, and could have a total loss of about $105 million.　　The same problem was not revealed in the earnings reports of the other three companies. One of the reasons for LDK's loss was the result of its management's decision to reduce the loss of some silicon and components by about $52.9 million trillion.　　This has a negative impact on the company's gross margin and operating performance. In terms of gross margin, the highest is Yingli (22%) and the lowest is LDK (2.2%).　　Compared to the 36% gross margin of the first solar company in the United States, even in the UK, it is far from being the same.　　In addition, the gross profit growth of enterprises is not satisfactory.　　In the two quarter of this year, the price of PV modules, silicon wafers and other products have dropped markedly due to the heavy demand for photovoltaic, which has always been volatile in the Italian Government, and the lack of expected growth in PV demand in various countries. As a result, the gross profits of other companies have declined in varying degrees from the same period last year, except for the 12% per cent increase in the company's gross profit.　　Among them, Suntech, Trina Solar and LDK were down 70%, 17.32% and 89% respectively.　　The second half of the company optimistic about the second half of the year, especially in the third quarter of the performance, are happy.　　Suntech expects its PV module shipments to rise by around 15% in the third quarter of 2011, with gross margins expected to reach between 11% and 13% (only 4.1% of its gross margin in the second quarter). Trina's view is that the company's manufacturing costs are likely to be cut after renegotiating its co-operation agreement with several polysilicon, silicon, and other upstream suppliers of raw materials, mainly for prices.　　Trina Solar will continue to make its silicon cost more competitive through short, medium and long-term raw material supply agreements. For silicon ingots, batteries and components, such as the cost of the two quarter of this year Trina Solar energy is about 0.73 USD/W, flat with the first quarter.　　Trina Solar hopes to reduce the manufacturing costs of these links to 0.7 dollars/watt by the end of this year. "First Financial daily" reporter from LDK also learned that their sales in the third quarter were between $630 million trillion and ~6.8 billion, a big jump from the second quarter, with wafer shipments of 350 MW ~400 MW and component shipments of 250 MW ~300 MW (nearly 80 MW in two quarters).　　Polysilicon production will be 2600 tons to 2700 tons, gross margin will also be stable between 11%~16%. The company said it had 46 new customers in the first half of 2011, such as China, the United States, Germany, Spain, France, Japan, Israel and its surrounding markets, "we provide these new customers with about 19 MW of PV modules, accounting for more than 10% of the first half." "Yingli also predicts that with the introduction of China's ground-mounted projects, the demand for PV from China is growing, and companies are exploring possibilities for cooperation this year and in the coming years, with 30% per cent of components sold throughout the year from North America and the Chinese market.