Since December of last year, the price of photovoltaic modules has started to increase. Until recently, it has been rising all the way. This has improved the performance of some photovoltaic companies in the fourth quarter and also made the photovoltaic industry see a glimmer of hope.
On the margin of Yingli’s participation in the global launch of the World Wildlife Fund's Carbon Reduction Pioneer Project held on January 29, the interview with Li Zongwei, executive director and chief financial officer of Yingli Green Energy Holdings Co., Ltd. (hereinafter referred to as Yingli Green Energy) Said that from the current situation of PV module prices, the photovoltaic industry will be out of winter in 2013.
“Since the beginning of December 2012, the prices of photovoltaic modules have stabilized, partly because supply and demand are close to balance. Although there are still surpluses, they have obviously improved. On the other hand, the Chinese market has started very quickly and the downstream grabs have increased. There will still be a correction in PV module prices in 2013, which will increase by 5% to 10% compared to 2012, said Li Zongwei.
The Cinda Securities research report shows that the price of photovoltaic products continues to rise, and module prices have risen for the first time since the second half of 2011. According to PVInsights sample statistics, the average price increase of PV grade polysilicon wafers and polycrystalline silicon wafers was 0.19% and 1.36% respectively. The average price increase of solar cells and wafers last week was 1.47% and 0.46% respectively; The average price of silicon wafers and batteries rose last week, and the increase was all above 1%.
Li Zongwei said that due to this, Yingli’s performance in the fourth quarter of 2012 was better than the third quarter, and the loss level was reduced.
Yingli Green Energy's third-quarter financial report showed that the company’s revenue was 2.237 billion yuan (US$355.9 million), which was higher than market expectations, a decrease of 27.9% from the previous quarter and a year-on-year decrease of 47.46%; however, its net loss in the third quarter had reached 959 million yuan ( $152.6 million).
“The price of components is rising, but our costs are further declining, the profit space in the middle has increased, and the gross profit rate has risen a lot.†Li Zongwei believes that the performance of the entire photovoltaic industry will recover in 2013, but still not It will return to the level of 2009, and through the total elimination, the entire industry has also entered a stronger state.
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