With the reduction of subsidies, the global manufacturers have expanded their production to pursue lower production costs. Recently, the product backlog, the delivery time of goods has been extended, the purchase of raw materials has increased after the expansion, and the global commodity prices have risen. Under the drag of factors, photovoltaic cell companies have been somewhat out of breath.
"Multinational companies with relatively complete industrial chains can still accept, but the current price has reached a point where the cost of domestic SMEs is not much different." Sun Guangbin said.
Previously, Suntech Power expects a slower increase in shipments in the second quarter, with gross margins not changing much from the first quarter, while Trina Solar and Yingli are expected to shrink their gross margins in the second quarter.
Sun Guangbin revealed that three or four of the world's leading PV cell companies have expressed great urgency and are in contact with Bank of China, Export-Import Bank, and China Development Bank. "Even there are 20 billion, 30 billion, etc., and there are loan projects. If the funding gap is not large, why should listed companies talk about domestic loans?"
However, Sun Guangbin said that SMEs have become an integral part of the industrial chain, and it is unlikely that a large number of bankruptcies will be closed down. The market share that is vacated after the production cuts may be quickly filled by large companies eager to expand, so the industry will have an optimization process.
Sun Guangbin said that the upstream polysilicon enterprises are mostly operated by powerful enterprises because of their high industry thresholds. Because their profit margins are relatively better, these enterprises are better able to withstand the pressure of capital pressure than the photovoltaic cell manufacturers in the middle and lower reaches.
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