Lates News

After more than a quarter of production cuts for self-rescue, the photovoltaic industry has shown signs of reduced losses but has not yet shown any obvious signs of completely overcoming the capacity dilemma. The heavy losses in performance mainly occurred in the photovoltaic main industry chain (silicon material, silicon wafer, cell, module), which is also the most capital and labor-intensive link. In the first quarter, the performance of related listed companies in the photovoltaic main industry chain continued to worsen, but the amount of losses narrowed compared to before. There are a total of about 21 listed companies in the photovoltaic main industry chain, with data from Wind showing that 18 companies had a larger scale of losses in net profit attributable to mother in the first quarter, and the more severe the losses for photovoltaic manufacturers, the larger the losses. Integrated industry leader Tongwei Co., Ltd. (600438.SH) had a loss of 2.61 billion yuan, while "silicon wafer giants" TCL Zhonghuan (002129.SZ) and Longi Green Energy (601012.SH) both had losses of nearly 2 billion yuan each. JinkoSolar (688223.SH), JA Solar (002459.SZ), and Tongwei Solar (688599.SH), three module manufacturers, each had losses exceeding 1 billion yuan. (First Finance).