PV Industry Investment Strategy Selection under New Situation (1)

On September 26th, the "Guangdong Photovoltaic Industry (Sanshui) International Summit Forum" was held on September 26th, 2010 in Sanshui Golden Sun Hotel, Foshan, Guangdong. The forum focused on the theme of “grasping the policy direction and promoting industrial agglomeration”. In order to seize the historical opportunities for the on-going launch of the domestic PV market, the Forum will grasp the development direction of the domestic PV industry policy.

Chen Gang, chairman of Guangdong Aiken Solar Energy Technology Co., Ltd., gave a keynote speech entitled “Selection of investment strategies for the photovoltaic industry under the new situation” at the conference. The following is a summary of the meeting:

Chen Gang: Ladies and gentlemen, good morning, I was invited by the organizers to make comments on the photovoltaic industry. There are many predecessors and experts, there are world-class and world-class companies, we love Kang as a new enterprise, and the industry The understanding and mastery are not very thorough, but we are the Icahn Sanshui Enterprise. Since the PV Forum was held in Sanshui, we, as the half host, we also expressed some opinions. If not, we should not laugh at it.

The photovoltaic industry just made a few comments by Director Li. We express my personal opinion from the perspective of a private enterprise and a private entrepreneur.

The first point I think photovoltaic companies have become a major force in the new energy industry, and cost reductions are at a healthy stage. I think this industry is a very large industry. Now look at the latest last month's forecast for the PV market and PV capacity. From 2009 to 2014, we see positive growth in the PV market, but the growth rate is very small. We predict that I have been tracking for several years and I have found that one year is accurate, and the other years' data is too small. The data that the same research institution makes in different markets is conservative.

This is a comparison between the latest quarterly report and last year. Ten listed companies are Chinese companies, and the industry has an absolute advantage in China, which was 2.5 billion yuan in the same period last year. In the second quarter of this year, the output value was 2.4 billion, and it was nearly 600 million last year. According to the report, the battery was 143 megawatts. Between each megawatt, the sales amount in August was 1.5 billion. As a whole, the photovoltaic industry accounts for the year 2009. It is a doubling growth and crazy data. As an entrepreneur, as a government, the photovoltaic industry is regarded as the focus of local industrial upgrading. In terms of traditional industries, the photovoltaic industry should be regarded as a more appropriate industrial transformation industry.

For the entire solar industry, crystalline silicon and film, I did an analysis and raw materials have doubled, so the data has some adjustments.

First of all, crystalline silicon accounts for 30-40%, and electricity is about 60%. This data is relatively large and the technical level of cost difference. Silicon extraction is a very profitable industry.

The second industry silicon refinery is silicon wafer. I just calculated it below. Because of the increase of silicon, the cost composition of silicon wafers has undergone great changes. The cost of silicon has dropped by about 60%, and the cost of electricity accounts for about 20%. %, the other is investment in equipment, the wafer still maintain a fairly good pre-tax net profit. The cost of silicon wafers is about 60-70%, other materials are about 10-20%, and equipment and labor are about 25%. In this industry, I think the labor cost is negligible, and the net profit before tax is 25%. The establishment of electronics, the cost of the battery accounted for 60-70%, the cost of glass accounted for 20%, the other materials was 20%, the setting accounted for 5-10%, the installation of the system, I think that China does not have this industry, I as a business behind The angle expresses my personal opinion on the government's policies.