In the first three quarters, PV has achieved a good overall manufacturing output value of over 200 billion.

Abstract The reporter recently learned from the China Photovoltaic Industry Association that in the first three quarters of 2015, the total output value of China's photovoltaic manufacturing industry has exceeded 200 billion yuan. Among them, polysilicon production is about 105,000 tons, an increase of 20%; wafer production is about 6.8 billion, an increase of 10% year-on-year...
The reporter recently learned from the China Photovoltaic Industry Association that in the first three quarters of 2015, the total output value of China's photovoltaic manufacturing industry has exceeded 200 billion yuan. Among them, polysilicon production was about 105,000 tons, up 20% year-on-year; wafer production was about 6.8 billion pieces, up more than 10% year-on-year; cell sheet production was about 28GW, up 10% year-on-year; module output was about 31GW, Growth of 26.4%. The profitability of PV companies has been significantly improved, and all links in the industry chain have grown considerably.

The data shows that in the first three quarters, China's photovoltaic products import and export, downstream power station construction, corporate profits and other areas have been generally better. Among them, the export value of major photovoltaic products such as silicon wafers, battery chips and modules reached 10 billion US dollars. The installed capacity of photovoltaics is about 10.5GW, an increase of 177% year-on-year, of which the ground power station is about 6.5GW. The profitability of PV companies has improved significantly. The gross profit margin of the top ten component companies has exceeded 15%, and most companies have turned losses into profits.

In this regard, Gao Jifan, chairman of the China Photovoltaic Industry Association, believes that China's photovoltaic industry is currently in a period of sustained growth, and will increase by 60%-80% in the next five years. Demand for the photovoltaic market will continue to increase substantially, and demand growth will be faster than supply growth. Component prices are also expected to rise slightly in the fourth quarter, and manufacturing companies' profit margins will increase slightly. The speed of mergers and acquisitions of enterprises has accelerated, and production costs still have room to fall. In addition, the investment value of photovoltaic power plants will continue to increase, financing will be diversified, and investment in photovoltaic power plants will become the preferred choice of more and more financial market institutions.

"It is worth noting that the pattern of overseas markets is also undergoing tremendous changes. The share of exports to Europe has dropped from over 70% in the past to the current 20%. The Japanese and American markets are developing rapidly, and Japan accounts for China's PV module exports. One-third of the market demand in emerging markets such as South America, the Middle East, Africa and the Asia-Pacific region is also growing," said Wang Bohua, secretary general of the China Photovoltaic Industry Association.

Looking at the global PV market, it has just experienced a trough that has been going on for several years. Behind the sudden stagnation of the market is the shift in market leadership between Germany and China from 2012 to 2013. When Germany, the world's photovoltaic growth engine lost its momentum in 2013, China and the following Japan took over the banner of market leadership, quickly gaining the upper hand in the global solar cell and component manufacturing field. A number of outstanding PV companies such as Trina Solar, Jinko Energy, Yingli Green Energy, JA Solar and Artes Solar have taken advantage of the trend and achieved remarkable results.

"As of now, the photovoltaic industry has clearly emerged from a difficult period, and the restructuring process has been successfully completed. China's PV has occupied the largest share of the global market." Chairman of the World Renewable Energy Council (WCRE), former EU official Orfgang Paltz Confidence in the development of China's photovoltaic industry.

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