August 19, China photovoltaic product manufacturer Yingli Green Energy announced second-quarter results, solar panel prices have fallen sharply since the company reported sales fell 25 percent during the period, a net loss of 394 million yuan occur. However, to benefit from the European PV market significantly warmer, the company in the second quarter shipments rose 72.3% qoq, net income rose 49.9% qoq, reaching 1.499 billion yuan, gross margin of 15.3% from the first quarter rose to 18.3%. In the second quarter, the company's European sales also rose 46%.
In addition, according to the British interest in the second half of confirmed orders and sales contract situation, Germany accounted for half of the share of other European countries also reached 35-40%, shipments throughout Europe Yingli production accounted for 85% or more.
Investment Advisor in the new energy industry, chief researcher Jiang Qian pointed out that although Yingli Green Energy second quarter results showed continued losses, but the main data chain have seen a more substantial upgrade, this is a clear warming global PV market signals. Especially in 2008 a serious decline since the fourth quarter of the European market to pick up momentum evident.
In contrast recent bustling Chinese market, although successive government promulgated the "Solar Roofs Plan" and the "Golden Sun Project", and has been in the stock market set off a firestorm. But only from the second half of the domestic Yingli Solar PV module shipments will account for less than 5% can be seen, the domestic PV market will take time to really open yet.
Investment Advisor in the Research Director Zhang Yan Lin believes that the stock market run tend to precede real economy, about half the time, which is why the "Solar Roofs Plan" and the "Golden Sun Project" has been the stock market set off a firestorm, and photovoltaic enterprises domestic The main reason is still not known for shipments. This also can be expected, the domestic PV market is really open at least to the second quarter of next year or so.
Although the domestic market but also take time to truly open, but Yingli Solar http://www.sungoldpower.co.uk/ is already ahead of the layout. Investment Advisor in the latest release of "2009-2012 China Solar Photovoltaic Industry Investment Analysis and Forecast Report" shows that the company has with China's most resource-rich sunshine Hainan provincial government, is planning to 2011 years ago in the development of 300 MW Haikou solar projects. In addition, Yingli will Dunhuang, Gansu and Ningxia Wuzhong two 10 megawatt project components and has been with the China Guangdong Nuclear Energy Corporation formed a strategic alliance.
|