Supporting the policy, whether the photovoltaic industry can embark on the right path

Domestic overcapacity, foreign EU "double opposition", internal and external troubles China's photovoltaic industry is struggling in the cold winter. In this context, the market is more hopeful of policy support. Under the expectation of the industry, the policy documents to promote the healthy development of the photovoltaic industry were officially released. Some people in the industry said that the development direction of the photovoltaic industry has been fixed, and with the release of the refinement plan, the industry will also enter the development track.

The domestic market may start the concept company to rise

It is reported that the "Several Opinions of the State Council on Promoting the Healthy Development of the Photovoltaic Industry" has recently arrived. This document further refines the “National Six Articles” proposed by the State Council to stimulate domestic PV demand, and raises the domestic PV power generation target by 75% in 2015 based on 20 million kilowatts, and will add 30 million kilowatts of installed capacity in the next three years. And for the first time, clear the price of electricity and subsidies and the threshold for photovoltaic access.

Regarding this opinion, any Wenhua, deputy director of the Meishan Aluminum-silicon Industrial Park Management Committee, said: "This document is conducive to opening up the domestic PV market, and large and medium-sized PV companies with strength will benefit from this."

A person in charge of a polysilicon company that has been discontinued in the province told the reporter: "Under the big framework, it is particularly important when the various policy rules can be issued. The support policies issued by the management will further open up the domestic market. Only after the consumer is activated, our production side It will benefit. At present, the company reduces costs through technological transformation, but barely starting to work means that losses will occur. It will not easily resume production until the market is fully improved. Many enterprises in Sichuan Province are in a state of suspension, and everyone is waiting to see. Among them, waiting for the policy can bring a turn for the industry."

As can be seen from the PV opinion, the government does not advocate that the industry continue to expand production. Yao Zheng, an analyst at Guangzheng Hengsheng Securities, said: “The development of the photovoltaic industry is facing a severe situation. Under this circumstance, it is imperative to start the domestic PV market. It expresses the government’s production of poor quality products and backward technology. The determination of the enterprise to accelerate the merger and reorganization of enterprises and cultivate a group of leading enterprises with strong technical research and development capabilities and market competitiveness." "The biggest highlight of the new opinion is to promote the distributed photovoltaic. For example, in the next 3 years, 2013- In 2015, the annual average installed capacity of photovoltaic power generation is about 10 GW, and the total installed capacity will reach 35 GW or more by 2015. As of 2012, the total installed capacity of PV in China is less than 8 GW, to achieve 35 GW in 2015. The total installed capacity, which means more than three times in three years. The launch of the PV New Deal will bring new opportunities to the dominant enterprises in the Midwest and the polysilicon production capacity.

Driven by good news, the PV concept stocks went against the market on the 16th. About 80% of the stocks in the sector have risen. Among them, Lida Optoelectronics, Tiantong, Longji and many other stocks have shown daily limit, and the sector's gains are among the top of all sectors.

PV profit has rebounded, the market welcomes the theme opportunity

The policy has given the photovoltaic concept stocks a chance to rise. With the further implementation of the policy, many industry people believe that the domestic market will be gradually opened. Guifang Xiao, an analyst at Great Wall Securities, pointed out that the policy is basically in line with expectations, but it still needs to wait for the rules to be introduced, and the domestic market is about to start. At the same time, the mid-term report of PV companies is expected to continue to improve. Judging that the PV industry has reversed, maintaining the “recommended” investment rating of the PV industry.

From the perspective of the industry, it is still in the deep reshuffle period, the operating rate of domestic polysilicon enterprises is low, and the bankruptcy of overseas PV companies is the status quo of the industry. Changjiang Securities analyst Deng Haolong said that three overseas PV companies went bankrupt, and the PV industry continued to adjust. However, domestic inverters, silicon wafers, and component leaders have shown a significant upward trend due to scale and cost advantages. Profitability improvement will be operated in the second and third quarters. The results were verified and reminded to pay close attention to the single-season turning point of the component leading enterprises.

According to published relevant information, although the short-term product prices are under pressure, due to the continued rise in prices in the second quarter, PV companies' earnings exceeded expectations, and some companies turned losses into profits. The upcoming PV company report will show signs of improvement in performance due to the warming of prices in the first half of the year. Judging from the PV concept stocks that have disclosed the results of the first half of the year, many corporate profits have begun to improve. Although Longji's net profit is expected to fall below 35% year-on-year in the first half of the year, it will realize a net profit of RMB 20-22 million, while the company's first quarter loss will be 15.91 million yuan. In the second quarter, the net profit will reach a maximum of about 38 million yuan. Earnings rebounded significantly. In addition, Sunshine Power, Dongfang Risheng, Sunflower and other companies have been happy in the first half of the year, of which the rising net profit of Dongfang Risheng is expected to reach 1553%-2544%.