According to the latest data from China Investment Consulting's Energy Industry Research Department, solar cell manufacturer CLP's 2008 revenue reached US$350.9 million, a year-on-year increase of 49.4%. In 2007, the company's revenue was US$234.9 million. In 2008, CLP's PV production capacity reached 107.2 MW, a year-on-year increase of 44.9%. In 2008, the company's gross profit reached $15.5 million.
In the fourth quarter of 2008, due to the financial crisis, CLP's PV revenue was US$43.2 million, down 39.6% year-on-year. Compared with the third quarter of 2008, the decline was as high as 63.7%. Jiang Qian, an energy industry analyst at China Investment Consulting, believes that because raw materials, markets and equipment are heavily dependent on the international market, when the financial crisis causes the international market to shrink, it is inevitable that domestic PV companies will face difficulties in their operations. Data show that the domestic photovoltaic leading company Wuxi Suntech's fourth quarter net revenue was 414.4 million US dollars, an increase of 4.2%. Net revenue for the year was $1.9235 billion, an increase of 42.7% year-on-year; however, the net loss for the fourth quarter was $65.9 million. In response to the dilemma of the domestic photovoltaic industry, on March 23, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development issued two consecutive articles, "Interim Measures for the Administration of Financial Subsidy Funds for Solar Photovoltaic Building Applications" and "Implementation Opinions on Accelerating the Application of Solar Photovoltaic Buildings" Support the implementation of photovoltaic building application demonstration, implement solar roof plan, urban photovoltaic building integration application, grant subsidies for building optoelectronic utilization in rural areas and remote areas. The subsidy standard in 2009 is set at 20 yuan/Wp.
Jiang Qian said that with the recent introduction of photovoltaic subsidy policies in countries such as China, the United States and Japan, the global photovoltaic industry is expected to recover quickly. However, domestic PV companies want to get rid of the long-term situation of being controlled by people. The cultivation of internal strength is imperative. Only by occupying the commanding heights of technology can we gain a place in the highly competitive international market.
The predecessor of CEC PV was Jiangsu Zhongdian Equipment Manufacturing Co., Ltd., which was established in 1990. It was restructured in 2003 and successfully listed on the NASDAQ Stock Exchange on May 17, 2007. It is the eighth in China overseas. Listed PV companies.
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