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Viewing that China-based PV makers are characterized by relatively high debt asset ratios, and global PV demand will shrink in 2017, about 60% of China-based PV makers, especially second- and third-tier ones, will be unable to survive and may be forced out of market in 2017, according to China-based media reports.
China-based makers’ total output of PV modules has recently increased a great deal but domestic demand is not large enough to absorb the output, the reports said. Therefore, China-based PV module makers have dumped products in overseas markets and consequently prices for China-made PV modules in Europe have dropped to EUR0.40 (US$0.42)/W, much below the minimum import price of EUR0.56 set by the European Union.
|
First-tier China-based PV module makers, December 2016 |
|||
|
Company |
Current debt asset ratio |
2016 target PV module shipments (GWp) |
Actual 1H16 PV module shipments (GWp) |
|
Trina Solar |
77.27% |
6.55 |
3.08 |
|
CSI |
81.17% |
5.63 |
2.46 |
|
Jinko Solar Holdings |
78.00% |
6.50 |
3.31 |
|
JA Solar Holdings |
N/A |
5.50 |
2.05 |
|
Yinli Green Energy Holding |
128.00% |
3.00 |
1.17 |
Source: China-based media reports, compiled by Digitimes, December 2016
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