The hottest overcapacity makes it more difficult f

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Overcapacity makes it more difficult for the photovoltaic industry to merge and reorganize.

China's photovoltaic industry, once in a cold winter, is gradually warming up. However, with the recovery of the market, the domestic photovoltaic market vibrated again, sounding the alarm of overcapacity, and the difficulty of mergers and acquisitions of the photovoltaic industry increased sharply

on the one hand, damn it. A few years ago, a large number of domestic photovoltaic enterprises, regardless of policy guidance, rushed into mass action driven by interests, blindly developed and extensively expanded production, resulting in the situation that the melting action, tox value and OIT value of plastic bottles can be used as quality indicators to distinguish new plastic bottles from recycled plastic bottles, and the core competitiveness of products is not strong. In addition, Europe and the United States conducted a double anti investigation on China's photovoltaic products, and the once booming photovoltaic industry fell rapidly into a quagmire, with product prices plummeting. Due to the continuous downturn of the market, more than 80% of domestic photovoltaic enterprises are in the state of shutdown and semi shutdown, and the vast majority of small and medium-sized enterprises have closed down and entered a dormant state

in order to restart the photovoltaic market, the industry authorities began to eliminate backward production capacity and promote enterprise mergers and acquisitions. However, since the fourth quarter of 2013, the rush to install large-scale ground photovoltaic power stations in Western China has made a historic breakthrough in the demand for photovoltaic products. The sudden shortage of supply made some photovoltaic enterprises that had been shut down take the opportunity to revive. Many small and medium-sized enterprises that stopped production in the past have started work, and some are ready to resume production and start recruiting; The loss making enterprises are also unwilling, hoping to earn back the lost money, and began to re debug the production line and decided to expand production capacity; Even the once neglected second-hand photovoltaic equipment has become a hot commodity

on the other hand, those who don't deserve to die begin to die. At present, leading photovoltaic enterprises are operating at full capacity, and enterprises with full capacity expand their production capacity through technological transformation and other means, while seeking OEM from small and medium-sized enterprises. A few days ago, a number of photovoltaic module enterprises, including Yingli, Trinasolar and atlas, announced that they would further expand their production capacity this year. Some enterprises even plan to increase their production capacity to about 3gw, just like if you don't expand production significantly now, you're embarrassed to say hello when you go out

but is the market demand really as optimistic as we think? Major foreign markets, such as the European market, are shrinking, and there are price and limit restrictions on China's photovoltaic enterprises; The Japanese market, which has just become the largest country in the export of China's photovoltaic products, has decided to reduce the subsidy for photovoltaic power generation due to the high subsidy and heavy government burden, and there is the possibility of launching a double anti subsidy against China's photovoltaic products at the same time; The United States is rich in energy, the development of shale gas is hot, the photovoltaic market potential is limited, and there are double negative side effects; Emerging markets such as India and South Africa have great uncertainty; However, local protection may occur in the domestic market due to the decentralization of the power station approval authority, which will weaken the dividends of the expansion of the domestic market. The development of the market cannot keep up with the development of production capacity, which will lead to overcapacity. Once overcapacity, it is easy to cause mutual price pressure, vicious competition and enterprise losses, and enterprises will enter a dilemma again

old accounts are not cleared, and new accounts are added. External environmental factors such as tax measurement methods, loan policies and local protection are still hindering the promotion of mergers and acquisitions of the photovoltaic industry. Mergers and acquisitions require a lot of funds, but the double reverse in Europe and the United States, overcapacity and corporate losses have become obstacles for the photovoltaic industry to regain investment confidence in the financial market. Commercial banks generally adopt financial tightening policies for photovoltaic enterprises, resulting in the tension of the capital chain of a large number of photovoltaic enterprises. Although the state has proposed to improve the financial support policy, the relevant rules still need to be implemented, and it will take time to solve the financial problem of the merger and reorganization of photovoltaic enterprises. At the same time, local protectionism is also an insurmountable threshold. The photovoltaic industry used to be the economic pillar of many places. Mergers and acquisitions of enterprises will involve interest disputes, and local protection will also become resistance. If the merged enterprises can still continue to produce locally, it is still a happy couple. If they are simply pulled away from the equipment, the local government will indeed face the attendant tax and employment problems

on March 24, 2014, the merger and reorganization of the photovoltaic industry finally ushered in a major positive. The State Council issued the opinions on further optimizing the market environment for enterprise merger and reorganization. Although it is only a principled provision, unprecedented reform measures such as canceling the pre-approval of mergers and acquisitions of listed companies have attracted widespread attention in the market. 4 the production base is the world's largest supplier of large tow carbon fiber. On January 1, the Ministry of industry and information technology announced the list of the second batch of enterprises that meet the "photovoltaic manufacturing industry specification conditions"; The first batch of lists announced at the end of last year has been regarded by the industry as a substantive step towards the integration of the domestic photovoltaic industry. At the same time, the Ministry of industry and information technology will soon issue the implementation opinions on the merger and reorganization of photovoltaic enterprises, and I believe that many implementation rules will be implemented accordingly. Let's hope that with the strong promotion of the policy, the merger and reorganization of the photovoltaic industry can go smoothly

expert opinion

jinbaofang, chairman of Jinglong group

further integration of the photovoltaic industry is imperative

in order to ensure the warmer photovoltaic market order in China and the healthy development of the photovoltaic industry, it is suggested to start from four aspects:

first, accelerate the adjustment of industrial structure and continue to promote industrial integration. We should resolutely promote the elimination of backward production capacity in the photovoltaic industry, encourage the leaders of the photovoltaic industry to make use of their independent intellectual property rights and brand advantages, and speed up the cultivation of a number of industry backbone enterprises through mergers and acquisitions, industrial chain production cooperation, joint procurement of raw materials, capacity matching and other measures

second, standardize the management of photovoltaic industry and resolutely eliminate backward products. To improve the construction of product standards and product testing and certification system, enterprises that fail to pass the environmental impact assessment, have not established independent R & D institutions, technology centers, or have no high-tech enterprise qualifications, lack funds for R & D and process improvement, and fail to meet the requirements of water consumption, energy consumption and other indicators must be merged and reorganized under the guidance of national policies

third, expand the market and open the door to photovoltaic applications. For the domestic market, accelerate the promotion and utilization of photovoltaic power generation, support the inclusion of photovoltaic products in energy-saving products and people-friendly projects, and promote photovoltaic products into thousands of households. Support photovoltaic enterprises to innovate international trade methods and carry out production cooperation abroad

fourth, photovoltaic enterprises should also strengthen self-discipline and develop in an orderly manner in accordance with relevant norms. Photovoltaic enterprises should speed up technological innovation, improve product quality, improve photoelectric conversion efficiency, reduce costs, enhance product after-sales service, and consolidate and improve core competitiveness; Enterprises should also establish and improve photovoltaic technology innovation and R & D centers, solve the key and common technical problems of industrial development, and promote the transformation of scientific and technological achievements

Wang Shijiang, deputy director of the Institute of electronic information industry of CCID think tank

the photovoltaic industry has reappeared the hidden danger of disorderly competition

after nearly six quarters of continuous losses, some enterprises in China's photovoltaic industry have stopped production, reduced production and even went bankrupt. The rise of the Japanese and American markets has eased the imbalance between supply and demand to a certain extent, product prices have stabilized and rebounded, and backbone enterprises have turned losses into profits since the second quarter of 2013. However, after the introduction of policies such as installation planning, electricity price and subsidy funds in August last year, the expansion of the domestic market has accelerated, and some enterprises have sharply expanded their demand for components in order to grab the electricity price of 1 yuan/kWh before the end of the year. Driven by this, on the one hand, backbone enterprises are opening up full capacity, while also seeking OEM from small and medium-sized enterprises; On the other hand, local governments have also actively given preferential policies to local enterprises to urge them to resume work. Enterprises with insufficient capacity are at full capacity, enterprises that have stopped production have resumed production, and enterprises with full capacity expand their capacity through technological transformation, and market supply is accelerating. However, no matter from the foreign or domestic market, the market demand is not too optimistic. If it goes on like this, the situation of oversupply and wanton bargaining in the previous two years will likely reappear

wangyingchun, general manager of Jintan Zhengxin photovoltaic Electronics Co., Ltd.

10 years later, China's photovoltaic enterprises may only have 20 or 30

the photovoltaic industry has experienced a roller coaster development path from the rapid development of previous years to overcapacity and then to the overall recovery in 2013. At the same time, some photovoltaic enterprises with investment failure, blind expansion and no guarantee of product quality have embarked on the path of bankruptcy, conversion and reorganization. In my opinion, mergers and acquisitions are not bad for the development of the industry. The intensive application of resources, encouraging powerful and advantageous enterprises to accelerate their development, and forming a relatively clear industrial structure will make the domestic photovoltaic industry more competitive in the international market. It is estimated that after 10 years, there may be only 20 or 30 Chinese photovoltaic enterprises that are still active in the photovoltaic market, and all of them have their own advantages and stable earnings and profits. In addition, mergers and acquisitions are also good for business operations, and the concentration of enterprises will be improved

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