The price reduction on the industrial chain has brought very obvious operational pressures to the companies. Judging from the quarterly reports, the losses of these companies have increased, and the net profits of these leading PV companies in Q1 have all declined year-on-year.
Alongside the release of LONGi’s quarterly report, the business operation conditions of the top five PV module companies in the industry (Jinko, LONGi, Trina Solar, JA Solar, Canadian Solar) are also revealed. In fact, the trend of losses has been spreading among PV companies starting from Q4 2023.
As of the end of the reporting period, the company’s cumulative global shipments of PV modules have exceeded 236GW. The company expects to ship 24GW-26GW of modules in Q2.
Some companies are still able to maintain a certain profit margin. Companies like Jinko and Trina Solar, which are among the first in China to deploy n-type technology on a large scale, have managed to achieve better profit performance than others in Q1.
3 · About the author: Amy Fang is an InfoLink senior analyst who focuses on the solar cell and module segment of the PV supply chain, working across price trend forecasting and …
Total net revenues $3,146.6 million, total PV shipments 2,096 megawatts, up 33.3 percent year-over-year, gross profit margin 12.3 percent PV cell and module production …
The key component in a crystalline-Si PV panel is the silicon-made photovoltaic cell, ... = G r o s s p r o f i t R e v e n u e s × 100 where the gross profit is the difference …
Rapid reductions in the price of cells and wafers have helped to offset PV module price declines and ease the impact on suppliers'' margins. However, whilst polysilicon spot prices have fallen …
The gross margins of leading Chinese module suppliers are forecast to decline in 1H''24, having peaked during 2H''24, possibly ushering in the next manufacturing downturn …
Zhongrun Solar was established in 2011 with a registered capital of 0.36 billion billion yuan. Its product structure is relatively single, mainly focusing on the R & D, production …
First, such estimates including the metrics listed in Table 1 are based on the environmental impact of the PV system when deployed on the field – ignoring the production …
3 · Cell and module performance: P-type cell efficiency increased to 23.7%, and N-type cells introduced with 26% efficiency, favoring next-generation technologies. Degradation rates: …
Indeed, while CSI''s gross margin of 21.3% in Q4 2021 helped lift the division''s full year gross margin to 15.6%, the business unit''s operating margin for the year stood at just …
In Q1 2024, LONGi achieved wafer shipments of 26.74GW (external sales of 12.43GW), an increase of 12.26% year-on-year, external cell sales of 1.51GW and module …
Trina''s gross profit margin was 13.85 percent in the first half, the highest among the four companies, while that of Jinko was 8.56 percent, according to data from Wind …
In 2023, the company''s photovoltaic industry revenue will be 116.224 billion yuan, of which photovoltaic module business revenue will account for 98.38%. In the first three …
The nascent HJT wafer, cell and module operation generated revenue of RMB529,000 (US$81,750) in the first six months of the year for a profit of RMB80,000 (US$12,360) after Golden Solar secured ...
The gross margins of leading Chinese module suppliers are forecast to decline in 1H''24, having peaked during 2H''24, possibly ushering in the next manufacturing downturn phase when operating...
For the leading module suppliers globally, having wafer and cell production in-house is not to make profits here, but to minimize costs to allow module sales margins to remain in positive...
The Chinese photovoltaics module manufacturer exceeded both its revenue and shipment targets in 2010, leading it to predict that it would ship at least 2.2 gigawatts (GW) of …
Gross profit margin is the percentage of gross profit and sales revenue, where gross profit is the difference between income and cost of sales [58]. In fact, the gross profit …
In Q1 2024, LONGi achieved wafer shipments of 26.74GW (external sales of 12.43GW), an increase of 12.26% year-on-year, external cell sales of 1.51GW and module …
3 · About the author: Amy Fang is an InfoLink senior analyst who focuses on the solar cell and module segment of the PV supply chain, working across price trend forecasting and …
In the wafer sector, Zhonghuan, Wuxi Shangi Automation, and JYT, yielded 18% to 20% of gross margin, lower than last year''s levels. Cell and module makers saw lower gross …
For the leading module suppliers globally, having wafer and cell production in-house is not to make profits here, but to minimize costs to allow module sales margins to …
5 · In its most recent earnings report, JinkoSolar, one of the titans of PV manufacturing, reported a 23 per cent year-on-year (YoY) decline in revenue and a 37.1 per cent YoY decline …
We forecast the gross margin to bottom at 7.5% in 2024 due to lower polysilicon and solar cell/module prices. We forecast the polysilicon gross margin to fall to 22% in 2024 …
Trina Solar''s report of Q1 2024 showed that the revenue for the reporting period was about RMB18.256 billion, a decrease of 14.37% year-on-year; the net profit attributable to …