In August, PV companies successively released their second-quarter earnings reports and semi-annual reports. Some enterprises clearly indicated that the impact of policy factors has already appeared, and a certain degree of losses began to appear. Among them, Jinko Energy as an overseas layout The PV company, which has always been dominant, has a very strong second-quarter earnings report, and its net profit has increased by 26.5 times. The reason is that its annual component orders are mainly composed of overseas orders, which weakens the impact of domestic policies on business operations. .
In the face of the sluggish domestic market, more and more PV companies are beginning to seek overseas opportunities, and it is a natural choice to leave overseas.
Taking the inverter company as an example, Sunshine Power, Shangneng Electric has announced that the 3GW inverter manufacturing base will be put into production in India. Sunshine Power also has a localized integrated service center in the United States. After the 531 policy, Yingweiteng will deploy overseas. From 35% at the beginning of the year to 60%, most of the battlefields of PV companies have moved overseas.
Why do PV companies get together? Looking at the current status of the domestic PV market, this choice is not difficult to understand. Domestic PV companies have a hard time, intuitively reflected in falling prices and sluggish demand.
· In terms of price, the price of PV supply chain has been falling all the time, especially in the downstream battery. The price of components has fallen and fell, and it has gradually approached the cost line. Nowadays, the mainstream price of single-crystal cells has fallen within 1 yuan/W, single. The mainstream price of polycrystalline components dropped to less than 2 yuan / W. Not only that, after the 531, the EPC winning price dropped by an average of 1.1 yuan / W, a drop of 20%.
· Demand, after the PV New Deal, the market demand plummeted, some manufacturers have been severely impacted and began to sell. The domestic second half of the year, only a small number of front-runner projects can look forward to, but ultimately capacity is limited.
Today's domestic market environment will inevitably bring a new round of survival and the fittest. The pace of industrial integration is not controlled by PV companies. Due to the grim market situation, Daxin Energy has announced that it will focus on polysilicon manufacturing business and withdraw from silicon wafers. Manufacturing business. Hope that by lowering the operating rate to cope with the continued decline in prices and low demand, more and more manufacturers.
However, by simply suspending production, it is impossible to solve the current crisis. The benefits of PV companies' efforts to increase their overseas distribution are, on the one hand, the consumption of production capacity, and on the other hand, the survival and development of the survival of the fittest. road.
It is not as easy for Chinese PV companies to enter the overseas market. Not only is the competition more fierce, but the market environment is also very uncertain. In the past few months, the changes in overseas markets have affected PV companies. Sensitive nerves, there are also many joys and sorrows in many news.
It is gratifying that the EU has officially cancelled anti-dumping and countervailing measures against PV products in China, and Sino-European PV will resume free trade.
Due to the end of Europe's 'double anti-', Shanghai-Hong Kong PV concept stocks changed their downturn and went against the trend. Tianlong Optoelectronics Co., Ltd. was closed to the daily limit in early trading, and Yijing Optoelectronics and Dongfang Risheng also rose. A rough estimate is that the half-day market value of A-share major PV listed companies will increase by more than 4 billion yuan, which will bring the rebounding power to PV companies.
The end of the EU double-counter means that Chinese PV companies are no longer hindering overseas sales in the European market. Overseas demand is expected to increase further, bringing new growth points to domestic industries. But considering the market space factor, it can be China for the European market. How much development space for photovoltaic companies can not be blindly optimistic.
India’s largest overseas market, India’s largest overseas market, has been raging. On July 30, the Indian Ministry of Finance announced that it will impose solar photovoltaic products (including crystalline silicon cells and components and thin-film batteries and components) in China, Malaysia and some developed countries. Guaranteed tariffs. The first year (July 30, 2018 to July 29, 2019) tax rate is 25%, from July 30, 2019 to January 29, 2020, it will be reduced to 20%, January 30, 2020. As of July 29, 2020, the tax rate is 15%.
India is a vital overseas export market for China's photovoltaics. The move was quickly opposed by all parties, and the Indian government announced on August 13 that it would suspend the above-mentioned tariffs. However, after the twists and turns, the Supreme Court of India allowed the government. A protective tariff on imported PV products will be held in October.
China's components are the largest suppliers in the Indian market. The implementation of safeguards tariffs will undoubtedly have a big impact on the PV market in both China and India. In the future, with the further development of the Indian market, Chinese PV companies may open factories in the local area. Enter the market, or directly transfer to other emerging markets with no tariff barriers.
CPIA of China Photovoltaic Industry Association previously believed that the global PV market is developing towards 'decentralization', and the growth of emerging markets is accelerating. As the cost of power generation decreases, more and more developing countries are beginning to use PV. In view, emerging market should be more concerned.
Undoubtedly, the importance of overseas layout to PV companies is increasing. Traditional PV giants have many years of overseas production capacity and have an unsurpassed advantage. For companies that want to further gain advantages, emerging markets deserve to be focused and changed. The overseas market may become a major variable to accelerate the replacement of the industry.
