Seventy percent of PV companies achieved profit in the first half of the year

The annual reports of domestic listed photovoltaic companies have come out one after another. Unlike last year’s “distress”, about 70% of the companies in the first half of the year achieved profitability. In the current downturn of the traditional component manufacturing business, the domestic photovoltaic power plant projects that the company did not want to participate in have already become the driving force for growth.

The power station has become a performance growth engine after the industrial downturn in the past two years. In the first half of this year, the performance of some companies has turned to profitability. Statistics of 30 companies that issued interim reports and performance forecasts, of which 22 listed companies had a pre-profit for the first half of the year, accounting for 70% of the total number of companies that had announced the 2013 interim results announcement.

TBEA announced on the 1st half-year report that the company's gross profit margin in the first half of the year was 17.35%, up 0.6% year-on-year. Sunlight Power also said that its main business income for the first half of the year was 723 million yuan, a year-on-year increase of 99.6%, and a net profit of 0.54. Billion yuan, a year-on-year increase of 19.53%; a number of companies such as aerospace and electromechanical also recently announced their forecasts for exceeding expectations. Most companies said that it is the photovoltaic power plant project that contributes to the performance of the company.

“In order to shift the sales pressure brought about by the traditional PV module business, most PV companies will focus their investment in the first half of the year on a profitable power plant. Under the strong support of the government, the power plant project also brings more than expected profits to the company. "Shenyin Wanguo New Energy Analyst Yu Wenjun said that with the gradual introduction of policies, the second half of the performance is expected to continue to grow.

Before last year, due to the immature domestic power plant market, unclear policy directions, and difficulties in getting back payments, photovoltaic companies still hold a dismissive attitude toward domestic power stations.

With the continuous economic slowdown, policy guidance and help, not only photovoltaic companies, some companies that are not photovoltaic companies, but also look at the considerable profits of the power station to join the photovoltaic army. Counting on the "New Army" Songliao Automobile and Jiangsu Minda, which have just joined the photovoltaic industry in recent two months, the number of solar energy companies listed in Shanghai and Shenzhen has reached 34.

"More companies joining in is a good thing, not only can increase the domestic demand for components, but also contribute to the promotion of photovoltaic. Components do not sell money, the profit of power plant projects is particularly important." Jingjing Solar Global Director Qian Jing told reporters Some of the power stations in the well-illuminated regions of the western region can reach nearly 20% of the yields, and the relatively poor eastern regions can reach more than 8%.

Distributed power generation is highly sought after in the case of export resistance due to the “double reverse” in Europe and the United States, the domestic market is expected to “save the market”. Among them, distributed photovoltaic power generation is seen as the highlight of the development of the domestic photovoltaic market in the future and has received strong government support. stand by.

A few days ago, the Ministry of Finance issued a "Circular on the Implementation of Distributed Photovoltaic Power Generation in Accordance with Issues on Electricity Subsidy Policy and Other Issues," stating that subsidies will be granted on the basis of power generation (ie, electricity subsidies), and subsidies will be issued by power grid companies according to the electricity billing period.

This means that the central government will allocate subsidy funds to grid companies on a quarterly basis in accordance with the additional income from renewable energy prices and the projected generation of distributed photovoltaic power generation projects. According to the project power generation amount and the nationally determined subsidy standard, the grid company will pay the subsidy funds on time according to the electricity bill settlement period. It also clarified the methods, procedures and accounting standards for the appropriation of subsidy funds.

Summarizing foreign experience, the driving force for the development of distributed generation in the United States, Europe, and Japan is the clear definition of the timely distribution of subsidies and accounting standards. Li Junfeng, deputy director of the China Renewable Energy Society, believes that the key to follow-up lies in the landing of policies.

All along, the country’s incentive policies for photovoltaic power generation have also been continuously explored and improved. Prior to distributed generation, the Golden Sun project was a key support project in the photovoltaic industry.

It is understood that since 2009, the Ministry of Finance, the Ministry of Science and Technology, and the National Energy Administration have jointly given 50% to 70% of the construction-side subsidies to listed solar roof projects. According to statistics, a total of more than 900 projects have been included in the list of subsidies so far. The subsidies for the Golden Sun project have exceeded 20 billion yuan.

However, due to Golden Sun directly subsidizing equipment and not focusing on the post-generation model, fraudulent subsidies, low-quality products, project delays and other issues occur frequently. The distributed power generation scheme adopts the method of subsidizing by electricity. This means that if the company does not generate electricity, it will not be able to obtain any subsidies, which is more conducive to the healthy development of the power plant.

It is worth noting that in the second half of the year, whether or not Tai Tai is to come to the attention of the country, this national policy will focus on distributed generation, which does not cover photovoltaic integrated buildings. According to industry insiders, the integration of building photovoltaics, sub-curtain walls and roofs are not economical, and their efficiency is not high. At present, it is not suitable for vigorous promotion. It's right to do a good job or a mature one.

"It is like the time of the exam. It is a wise move to finish what you can and can do," said Qian Jing.

This year will be the first year of a large-scale start-up of the domestic photovoltaic market. According to the plan, from 2013 to 2015, the annual average installed capacity of photovoltaic power generation is about 10 million kilowatts, and by 2015, the total installed capacity will reach 35 million kilowatts (35 GW) or more.

It has been revealed that in the near future, it will also clarify the 50 percent preferential policy for value-added tax for photovoltaic power plant projects. PV plant operating companies have a VAT of 17%. If the value-added tax is lowered by 8.5 percentage points, equivalent to an increase in on-grid tariff of 0.02-0.04 points/degree, the return rate of the power station will increase by 1%-2%, which will directly benefit the photovoltaic power plant operating companies. People in the industry believe that the photovoltaic industry may be in the second half of the year.

In addition, although the amount of subsidy has not yet been finalized, Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, believes that the price of electricity for PV access is initially higher than the price. This is conducive to mobilizing the enthusiasm of the photovoltaic companies, and is beneficial to the development of the entire industry. The tariff of the network access can be adjusted according to the actual situation in the later period.