Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Thematic (Sector/Industry)

<ul><li>China’s solar manufacturers have seen their bottom line severely hit by a deepening industry glut that has triggered a brutal price war.</li><li>Several companies published first-half results on Friday, showing worsening profitability as the industry grapples with plunging prices.</li><li><strong>Longi Green Energy Technology Co. Ltd.</strong>, China’s largest solar wafer producer, reported a net loss of 5.2 billion yuan ($732 million) for the first six months, a sharp reversal from the 9.2 billion-yuan net profit recorded a year earlier.</li></ul>

China’s solar manufacturers have seen their bottom line severely hit by a deepening industry glut that has triggered a brutal price war.Several companies published first-half results on Friday, showing worsening profitability as the industry grapples with plunging prices.Longi Green Energy Technology Co. Ltd., China’s largest solar wafer producer, reported a net loss of 5.2 billion yuan ($732 million) for the first six months, a sharp reversal from the 9.2 billion-yuan net profit recorded a year earlier.

Chinese Solar Firms Bleed Losses Amid Worsening Glut and Falling Prices 

<ul>
<li>Many Chinese solar manufacturers slowed or halted production altogether in the first half of this year, as they struggled to survive amid overcapacity and an ensuing price war, prompting an industry group to call for faster consolidation among the firms.</li>
<li>“It’s rare for the whole industry to lose money,” Wang Bohua, honorary chairman of the China Photovoltaic Industry Association (CPIA), said at a solar conference in the eastern province of Zhejiang on Thursday.</li>
<li>“Among the companies in the main industrial chain that have released their half-year forecasts, most are in a state of loss,” Wang said.</li>
</ul>


Many Chinese solar manufacturers slowed or halted production altogether in the first half of this year, as they struggled to survive amid overcapacity and an ensuing price war, prompting an industry group to call for faster consolidation among the firms.
“It’s rare for the whole industry to lose money,” Wang Bohua, honorary chairman of the China Photovoltaic Industry Association (CPIA), said at a solar conference in the eastern province of Zhejiang on Thursday.
“Among the companies in the main industrial chain that have released their half-year forecasts, most are in a state of loss,” Wang said.


China’s Solar Sector Must Consolidate Amid Mounting Losses, Industry Group Warns 

China

JA Solar Technology Co., Ltd. develops, manufactures, and sells solar equipment. The Company produces and sells solar wafers, cells and modules, and engineers solar plants. JA Solar Technology markets its products worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

JA Solar Technology (002459 CH)

Chinese Solar Firms Bleed Losses Amid Worsening Glut and Falling Prices

China’s solar manufacturers have seen their bottom line severely hit by a deepening industry glut that has triggered a brutal price war. Several...

Caixin Global

China’s Solar Sector Must Consolidate Amid Mounting Losses, Industry Group Warns

Many Chinese solar manufacturers slowed or halted production altogether in the first half of this year, as they struggled to survive amid...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)