Photovoltaic industry: After the industry's deep decline, it has already bottomed out and the demand is slowly recovering

After experiencing the price drop in the previous stage, with the end of the German PV conference in June and the Italian policy, demand began to recover slowly, and after the price drop, the return on investment of the power station will also increase. Will further stimulate demand. Since June, due to the recovery of demand, the price of components and polysilicon has gradually stabilized after the deep decline. The prices in some regions have rebounded slightly after the bottoming. The buyers and sellers are in a relative price due to differences in the future market. The period of the game. The recent decline in silicon materials has given room for profit growth for downstream components, making component profitability expected to improve significantly in the third quarter. Due to the current European debt crisis, the tightness of credit in Europe is still difficult to judge. However, due to the sharp decline in the industry in the first half of the year, if the funds are not available in the short term, the probability of introducing more stringent measures will be small. In the previous stage, Germany denied that it would cut again in March. The subsidy plan can be proved. The improvement of the fundamentals of the industry has basically been determined. If demand and prices rebound in the third quarter, the sector is expected to usher in the market, so maintain the industry's “recommended” investment rating. However, due to the lower than expected recovery of demand, the industry still has risks.  

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