Solar Sunshine Power Co., Ltd Global Market Senior director Zhang Gangbing's feelings

In the third quarter of 2013, solar a profit of 27.69 million dollars, ending several consecutive quarterly losses. Zhang Gangbing said solar will also be profitable throughout 2013.

In fact, solar is not a case. Photovoltaic enterprises including Trina Solar (15.85, 0.45,-2.76%), Crystal Branch Energy (35.4, 0.01, 0.03%), sea-run PV (600401.SH), Oriental Sunrise (300118.SZ) and so on have achieved historic losses in the third quarter. "While some companies are losing money, the photovoltaic industry is really recovering from a variety of policies," he said. Meng, vice chairman of China Renewable Energy Society.

However, after the maelstrom of Suntech bankruptcy, the photovoltaic bosses are cautiously optimistic about the recovery of the industry. Yingli (6.9,-0.23,-3.23%) chief strategic officer Wang Yi over the 2014 Yingli also needs to continue to practice their internal skills to control costs.

"It's over."

After several quarters of consecutive losses, some photovoltaic enterprises began to achieve loss, others have achieved a large losses. In the third quarter, Trina Solar realized profits of 10 million U.S. dollars, the same period in 2012, the loss of 57 million U.S. dollars. This is Trina Solar for the first time in two years to achieve quarterly profits.

In addition to solar and Trina Solar energy, in the third quarter to achieve profitability of the photovoltaic enterprises and Hai-run PV to achieve a net profit of 34.04 million yuan, the east rose before three quarter earnings 50.86 million yuan, the growth of 164.44%, the third quarter to achieve net profit of 16.9 million U.S. dollars.

Another photovoltaic giant Yingli third-quarter net losses from 162 million U.S. dollars in the same period in 2012, to 38.5 million U.S. dollars, operating income of 596 million U.S. dollars, year-on-year growth of nearly 68%.

Zhang Gangbing recalled 2013 years, said that at that time, everyone can not see where the future, the global component inventory in 10GW, basically all enterprises are facing the first event is how to reduce inventory.

The same thing that almost all PV companies are doing in the first half of last year is to increase shipments, said a photovoltaic executive who declined to be named. "Sometimes even at the expense of selling out, the purpose is to clean up the inventory, to ensure cash flow." "The person said.

Data show that the 2013-year solar shipments reached about 340 MW, exceeding the expected 290-310 MW range. Another photovoltaic giant Trina Solar two-quarter shipments also reached 547 MW, an increase of 54% per cent.

To everyone's amazement, the photovoltaic boss, Wuxi Suntech (0.59, 0.00, 0%), was declared bankrupt. Suntech's bankruptcy was a wake-up call to the still struggling photovoltaic bosses. In fact, in addition to Suntech, most of the domestic PV companies have been consecutive quarterly losses, many companies have been on the brink of bankruptcy.

But the worst is yet to come. Zhang Gangbing said that by the two quarter, the company has just made a little improvement, the bank began to tighten the "money bag".

"In the first quarter the company was under a lot of pressure from the sales department, and the two or three quarter was very stressful for the financial sector," he said. "Zhang Gangbing said.

A senior executive revealed that banks had to lend you money before the bank broke their head, and the bank's lending to photovoltaic companies began to shrink completely in 2013.

The situation has turned better from July onwards, the market began to increase orders, everyone photovoltaic enterprises began to rob raw materials, production capacity also started.

Despite sluggish growth in the European market, there has been a burst of growth in the US and Japan and in the domestic market. In the third quarter, solar shipments of regional distribution, Europe accounted for only 9.5%, the Americas accounted for 46.9%, Japan accounted for 29.5%.

In the recently concluded National Energy Work Conference, proposed 2014 new photovoltaic power generation installed 14GW, of which 60% of the distributed, and gradually reduce the network price, to 2020 years ago to achieve solar, wind and other new energy prices and thermal power flat.

In fact, as early as the middle of last July, the State Council issued "on the promotion of the healthy development of the photovoltaic industry," a number of views explicitly put forward 2013-2015 years, the national plan to increase the annual solar power installed capacity of 10GW, to 2015 total installed capacity reached 35GW or more.

Meng said that China's cumulative installation has reached about 18GW, if combined with this year's 14GW, will certainly be more than 35GW by 2015.

"The recovery is mainly in a number of areas, such as the gradual concentration of industry, the rise in prices of enterprises, the increase in market demand, and even in demand." "Meng said. Miao Lianseng, chairman of the Yingli Group, told the Economic Observer that Yingli was expected to be able to make a profit in 2014. Zhang Gangbing also revealed that 2013, Solar can achieve full-year profit.

Cautious optimism

Zhang Gangbing that there are still a lot of uncertainties at the moment. In her view, the trend of Japanese currency in the 2014 will be very important. By the end of the third quarter of 2013, Solar had more than 1GW of large global photovoltaic projects, mostly in Canada, Japan, the United States and China.

Zhang Gangbing says it is Solar's 2014 mission to ensure that there are still 1GW of rolling-stock projects this year.

Lu Jin-peo, vice president of GCL-Tech, told the Economic Observer that the photovoltaic manufacturing industry did show signs of recovery, but it was still in the adjustment period.

China's PV Industry Alliance statistics show that 2013 global polysilicon production of about 230,000 tons, of which 200,000 tons of solar energy polysilicon, Poly GCL occupies 25% of the market share.

In fact, the first half of 2013, has put into production of polysilicon Enterprises for 43, only 6 enterprises are still in production, the remaining enterprises have closed production lines, that is, 86% enterprises have been discontinued.

July 18, 2013, the Ministry of Commerce issued the 48th 2013 announcement, decided since July 24, from the United States and South Korea's imports of solar-grade polysilicon to take temporary anti-dumping measures. Initially, the dumping margin of polysilicon from the United States was 53.3% to 57%, and the dumping margin of imports from South Korea was 2.4% to 48.7%.

According to the China Nonferrous Metals Industry Association Silicon Industry branch of the data, the first cut, the domestic polysilicon enterprises by the "double-back" positive encouragement has been rehabilitation. By the end of 2013, there are 13 polysilicon enterprises in China have resumed production, domestic operating rate of more than 30%.

But upstream polysilicon still faces the problem of foreign dumping. 2013 1-November China's imports of polysilicon amounted to 72,000 tons, the annual import volume is expected to reach 79,000 tons.

According to him, Poly-GCL This year will focus on the "Shinping", the capacity will be moderately increased, but will not simply copy. It is reported that Poly-GCL plan in 2014 to increase the wafer capacity from 8GW to 10GW. "2014 more still structural adjustment, then the industry pattern will be more clear." "Lu Jin-peo said.

The photovoltaic giant Yingli overtook Wuxi Suntech more than a year ago to become the world's largest manufacturer of solar PV. 2013, the company expected shipments in 3.2-3.3GW, an increase of 40% per cent year-on-year.

Miao Lianseng told the Economic Observer that despite the industry's recovery, Yingli would "slow down" in 2014. "2014 our tone is called ' stability in seeking, innovation, step-by-step, wind control risk '." The main task this year is to nurture the market. "Miao Lianseng said.

Meng said that the PV industry overcapacity is still serious, it will take a year or two to adjust, which is a long-term process.