Longi's First-Half Loss Deepens as China's Solar Industry Struggles
China's solar industry remains under intense pressure, with several of the country's biggest photovoltaic manufacturers forecasting another round of hefty losses for the first half.
中国太阳能行业仍然面临巨大压力，龙头光伏制造商预计上半年将出现新一轮巨额亏损。
Longi Green Energy Technology Co., China's largest solar-panel maker by market value, expects a net loss of 3.4 billion yuan to 3.8 billion yuan in the first six months of the year, according to a company filing to the Shanghai Stock Exchange. That compared with a loss of 2.57 billion yuan a year earlier.
7月14日，上交所公告文件显示，中国最大的光伏组件制造商隆基绿能预计上半年净亏损34亿元-38亿元。相比之下，去年同期亏损25.7亿元。
The company attributed the deeper net loss to factors including a decline in domestic solar installations, according to the filing.
该公司将净亏损扩大归因于国内太阳能装机量下降等因素。
Several other leading Chinese solar manufacturers have also forecast hefty first-half losses, highlighting the persistent challenges facing the industry.
其他几家领先的中国太阳能制造商也预测上半年将出现巨额亏损，凸显了该行业面临的持续挑战。
JA Solar Technology Co. expects a first-half net loss of 2.4 billion yuan to 2.9 billion yuan, while TCL Zhonghuan Renewable Energy Technology Co. sees a net loss of 3 billion yuan to 3.3 billion yuan. Tongwei Co. expects a net loss of 4.8 billion yuan to 5.4 billion yuan.
晶澳科技预计上半年净亏损24亿元-29亿元，TCL中环净亏损30亿元-33亿元。而通威股份预计净亏损高达54亿元。
The latest earnings forecasts underscore that China's solar industry remains weighed down by oversupply and persistently low prices after years of aggressive capacity expansion.
最新的业绩预告表明，在多年年激进扩产后，中国太阳能行业仍深陷产能过剩和价格低迷的困境。
"The entire industry is locked in a zero-sum game, with only one outcome — fighting in the mud leaves no winner," Zhu Gongshan, chairman of GCL Technology Holdings Ltd., said at an industry conference in Shanghai last month.
协鑫集团董事长朱共山上月在行业会议上表示：“全行业零和博弈，结果只有一个——泥坑里打架没有赢家。”
Chinese solar manufacturers have proposed a series of self-discipline measures in recent years to curb excessive competition and stabilize prices. So far, those efforts have done little to curb excess capacity or restore profitability across the industry.
近年来，中国太阳能制造商提出了一系列自律措施，以遏制过度竞争并稳定价格。但目前为止，这些努力对于遏制产能过剩或恢复整个行业的盈利能力收效甚微。
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GreenergyDaily
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