On August 6 this year, the "price commitment" agreement between China and the European Union regarding the trade dispute over Chinese photovoltaic (PV) products exported to Europe officially took effect. This agreement aimed to resolve tariff issues and stabilize market conditions. However, according to a recent survey conducted by the Henan Survey Team of the National Bureau of Statistics, many PV companies are still struggling with financial difficulties and uncertain market conditions.
The survey focused on 26 PV companies across 12 cities in Henan Province, including Zhengzhou, Kaifeng, Luoyang, and Pingdingshan. Out of the 26 questionnaires distributed, only 18 were returned as valid responses, with some companies having ceased operations or shifted their production lines. Specifically, seven companies have completely stopped production, while one has transitioned into a different business sector.
According to the findings, more than half of the surveyed companies are currently operating at a loss. Among the 18 responding firms, 10 reported losses in August, representing 55.6% of the total. Although this is a decrease compared to July, when the loss rate was 61.1%, the situation remains challenging. On the other hand, six companies reported profits, making up 33.3% of the sample, with one company showing a significant profit.
When it comes to future expectations, only 8 out of the 18 companies expressed optimism about the market outlook, accounting for 44.4%. Another 27.8% believed the outlook was neutral, while the remaining 27.8% were pessimistic about the industry’s future. These results suggest that despite the new agreement, the PV industry in Henan is still facing considerable uncertainty and pressure.
Many companies are concerned about the ongoing low selling prices and thin profit margins, which continue to impact their ability to remain competitive. The survey highlights the need for further support and policy adjustments to help the industry recover and grow in the long term.
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