In the past, about 50% of China's photovoltaic "stars" have ceased production.

The photovoltaic industry, which was just selected as a national strategic new industry last year, is shutting down about 50% of its companies this year.

It is understood that the main production base of the photovoltaic industry is Sichuan, Jiangsu, Jiangxi and Hebei. CSG’s head of the solar energy division, Jiang Weiwu, said yesterday: “Five percent of the companies are in shutdown, and the other 30% are cutting output by half, while the remaining 20% ​​are barely maintained.” This statement was affirmed by relevant industry associations.

Despite the unfavorable market prospects, the photovoltaic industry continues to be successful in raising funds from shareholders. Data show that the total amount of funds actually raised from the launch of seven photovoltaic concept stocks listed in the second half of the year reached 9.54 billion yuan, and the amount of funds raised by Beijing Express (25.54 -2.15% shares in it) was the highest, reaching 2.41 billion yuan.

What are the photovoltaic concept listed companies doing with this money? The public information shows that the funds raised by the photovoltaic concept companies listed in the second half of the year are not only used for the original planned fund-raising projects, but most of them have used super-raised funds to supplement company liquidity. The phenomenon of funds and large amounts of idleness in the bank.

However, this year, the solar power index has fallen by 30%. The price of China's listed photovoltaic concept stocks in the United States plunged by more than 30% this year.

Photovoltaic sadness four canals winter just

One is that price subsidies have fallen too fast

Photovoltaic solar panels are rapidly falling in price. It has fallen by about one-fifth this year, and it has fallen by nearly two-thirds since 2008. The decline in prices was due to excess production capacity of polysilicon and finished panels, as well as increased competition. Lux Research expects that by the end of 2016, the cut in subsidies will lead to an annual growth in the sales volume of solar panel sales from 65% in the past five years to about 15%.

Second, the demand for serious overcapacity fell

The expansion of solar panel production in China is particularly rapid, and the relevant state agencies have already warned of the existence of a bubble in the new energy industry. "Half of the products produced by photovoltaic companies are not required," Jiang Weiwu said.

In addition, the global debt crisis caused by the European debt crisis and the slow recovery of the US economy caused the bottom of the global economy, resulting in a significant reduction in the total demand.

The third is environmental pollution

Want to use solar energy, first a large number of coal burning. Jianshui Sheng, professor of optical technology at Beijing Jiaotong University, told this reporter yesterday that the production process of polysilicon is very contaminated. The exposure of individual domestic solar energy production sites to the local environment will increase production costs.

Fourth, the US Department of Commerce cuts early next month

According to the procedures, the US Department of Commerce may make preliminary rulings on China's PV industry anti-subsidy and anti-dumping investigations in January and February 2012 respectively, and the final decision will be made as early as May and August 2012.

Zhu Weihua, senior researcher of the Guangdong Photovoltaic Industry Promotion Association, said: “The final results of the 'dual-revolutionary' investigation may be lost.” However, if the “double counter” is successful, the EU is likely to follow up and the Chinese PV industry will be almost completely destroyed. .

The earliest recovery is expected in 2013

Under what circumstances can China's photovoltaic companies recover? Jiang Weiwu told reporters: “The first condition is the recovery of the international environment. The second condition is that the European new regulations on carbon emissions trading will be introduced in 2013. The use of fuel will really pay for the cost, and energy-saving photovoltaic products will be favored, but the recovery of the photovoltaic industry requires at least these two conditions to come into effect together.

However, CITIC Securities said yesterday that the domestic market in the first half of next year will likely launch a policy to stimulate domestic demand for photovoltaics; optimistic about the first half of next year is expected to stimulate growth in photovoltaic demand due to domestic investment opportunities.