At the end of 2007, the total market value of China's PV companies listed in the US reached a peak of about US$32 billion. At that time, only nine companies were listed in the US. The number of listings has increased to 11 today, but the total market value is only 2 billion US dollars, which has fallen more than 90% from the peak. In the past year and a half, the price demand elasticity theory of photovoltaic products has completely failed, prices have fallen sharply, and demand has been tense. Xu Wei believes that the main reason is the tight bank credit policy. As the world's largest PV market, Europe is experiencing a severe debt crisis, credit is in a tight situation, and the PV market is in a bad state.
In addition, the Jefferies Group estimates that due to the US double-reverse policy affecting Chinese exports, in the first quarter of this year alone, the loss of Chinese PV companies due to double-reverse reached 120 million US dollars, equivalent to the need for Chinese companies to sell more than 2.4 GW of components. Recover damages.
At present, the photovoltaic industry has stopped production and bankruptcy, and it is very difficult for enterprises to obtain funds from the market. Xu Wei said that there are currently about 10 PV companies trying to go public but have not succeeded.
According to the website of the China Semiconductor Industry Association, Xu Wei said that the decline in the price of photovoltaic products has caused huge losses in the assets of photovoltaic companies. Among the nine PV companies counted by Jefferies, the asset impairment losses in the second half of last year were as high as 3.9 billion. Dollar.
Our company produces various types of putty knives. Our products are made of high-quality raw materials. It is not easy to deform and durable. Smooth appearance, no burr, easy to use. Suitable for putty, smooth wallpaper, smooth glass stickers, etc., saving time and effort. We also accept customized samples from customers. If you want more product information, please contact our customer service.
Putty Knife,Filling Knife,Putty Knife Lowes,Putty Knife Amazon,Scraper Multipurpose
JIANGSU RARHON TOOLS CO.,LTD , https://www.rarhontools.com