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Diameter:26mm
Rated
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Max drlling
diameter:26mm
Rated
voltage:220v
Rated
frequency:1000w
Impact
force:4.0J
Max impact
rate:4000bp
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The same is the 17th, China. A civil “suit†filed by the China International Chamber of Commerce was handed over to the US trade representative. The protest in the letter is the "301 investigation case" provoked by the United States against a series of clean energy policies of the Chinese government. In the face of the strong logic of raising taxes on new energy products in China, the International Chamber of Commerce may be just a straw for PV companies.
Whether it is the ups and downs of the exchange rate "roller coaster" or the war in the international environment, it has been revealed that excessive export dependence has become a stumbling block to the development of China's photovoltaic industry.
Difficult to go the exchange rate "steel wire"
74% of net income comes from Europe, 9.5% comes from the United States, and China only accounts for 0.1%. With such a market layout, Suntech always needs to face a large foreign exchange risk exposure. In the third quarter of 2008, due to the financial crisis, until the first quarter of 2009, the continued depreciation of the euro caused Suntech to withstand foreign exchange losses for up to nine months.
Under such pressure, in January 2009, due to the difficult operation, the company also broke news of 30% layoffs and acquisitions by peers. Data show that shipments in January and February 2009 were only 33 megawatts, a decrease of nearly one-third from the same period of the previous year. The short-term recovery in the second and third quarters of 2009 has been dragged into the wave of exchange rates.
In the fourth quarter of 2009, Suntech’s exchange gains and losses pattern suddenly changed, from the original “revenue†of $10.5 million to “expenditure†of $13.2 million. This is just the beginning of a huge loss. In the first quarter of this year, due to the European debt crisis, Suntech’s “exchange rate†reached US$24.54 million. In the second quarter, it fell into a historical “freezing point†of loss of US$61.44 million. In fact, it is not just Suntech. In May of this year, the CEO of Artes, the world's fifth largest PV module company, also told reporters that the company's losses in the first quarter due to the unexpected fall of the euro reached 17 million to 18 million US dollars.
It is reported that the exchange rate of the euro against the US dollar was 1:1.23. According to Barclays Capital, if it fell to 1:1.25, Artes' profit will fall by 84%. Barclays also estimates that Baoding Yingli's profit will also fall by 42% and Suntech by 79% due to the exchange rate.
Weak voice
The reason why the exchange rate trend can greatly affect the operating profit of enterprises is that more than 90% of domestic solar cells are exported to foreign countries, but as the largest exporter, domestic PV companies do not seem to have much international voice. For the “301 investigation†that clearly constitutes a trade search, the worries of enterprises are far more than tough.
Recently, as a trade excuse for the United States to easing domestic economic pressure, the 5,800-page application filed allegations that the Chinese government’s alleged “unfair support†includes export restrictions, discrimination against foreign companies, and import of goods requiring technology transfer. Subsidize domestic companies and so on.
The results of the WTO's arbitration have not yet reached the ground. The smoke smell emitted by the US side is still precautionary for PV companies with high export dependence. Li Mao, head of Jiangsu Ats Sunshine Power Market Strategy Department, told the reporter that the company is assessing how much damage the US will have if it wins the “lawsuitâ€. Hu Zhengshu, the strategic marketing department of Zhejiang Zhengtai Solar Technology, said that the current results are still difficult to predict, but they have certainly released negative signals.
The lack of confidence in Chinese companies may be related to the “out of supply†of upstream photovoltaic cell materials. “39% of our country's silicon imports are from the US, 18% are from Europe, and only 18% are from China.†According to Li Mao, if the purchase price of upstream raw materials increases, it will lead to an increase in component prices.
What is the need for expansion?
Facing the status quo of "the fragrance outside the wall", and wanting to open up the domestic demand market, Ma Shenghong, director of the Research Center for Renewable Energy of the Chinese Academy of Sciences, believes that the photovoltaic system must be improved. “The proportion of European grid-connected photovoltaic systems exceeds 95%. Although the technical performance parameters of key equipment in China have met the requirements of power systems, they still lack the experience of large-scale, market-oriented and commercial operation.†In addition, several PV biddings have been passed. The on-grid price of the bottom line is also waiting to be determined.
Zhao Yuwen, vice chairman of the China Renewable Energy Society, believes that photovoltaic building integration is another way to expand the domestic demand application market. According to his calculation, the current building area of ​​China's houses is about 10 billion square meters. If 20% of the area is installed with solar photovoltaic systems, there will be 200,000 megawatts of rooftop photovoltaic resources. However, some seniors in solar manufacturing companies have frankly told reporters that it is difficult to talk to real estate developers about a balanced model of interests.
Many solar energy building energy technology experts stressed that policy constraints are important barriers to promoting integration. It is reported that although the state and industry authorities have issued a series of regulations and standards, the management system for solar energy utilization is still too fragmented and the incentive policy system is not perfect. 
November 17, the United States. "Sun King" Wuxi Suntech has released the third quarter 2010 transcript. On the line chart depicting quarterly exchange gains and losses, the foreign exchange gains of $42.02 million in the third quarter and the foreign exchange losses of $61.4 million in the second quarter were almost at right angles to the line that outlined the trend.