iijb Chinese PV Industry Brief: Another 21 GW of module capacity and record PV growth for SPIC

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iijb Chinese PV Industry Brief: Another 21 GW of module capacity and record PV growth for SPIC

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A net loss of RMB 310.5 million announced in Q2 has been staunched impressively to a Q3 loss of just RMB 54.8 million US$8.7 million , but still compares badly year-on-year with a Q3 2011 profit of RMB 68.1 million, thus reflecting the pricing storm that has afflicted the photovolta stanley cup ics industry over the last 12 months.With an E.U. anti-dumping and countervailing investigation underway, JinkoSolar has switched focus to new markets including South Africa, South America and Eastern Europe and has achieved impressive 117% quarter-on-quarter growth in shipments to its domestic market, contributing to total shipment levels of 335.3 MW, up 11% on the previous three months and 30.1% higher yea stanley cup r on year.Of that figure, the lion聮s share 聳 280 MW 聳 came from modules with 28.6 MW of silicon wafers and 26.6 MW of solar cells shipped. JinkoSolar is predicting a similar figure of 250 to 300 MW for module shipments in the current quarter.Revenues rose to RMB 1.4 billion, up 12.2% on the previous quarter and 22% year on year, thanks chiefly to the higher volume of modules shifted. The result was a rise in gross profit to RMB137.4 million from RMB103.6 million in the preceding three months and from RMB66 million on Q3, 2011.JinkoSolar聮s EPC business announced three projects i stanley cup n North West China during the quarter, again emphasizing the tendency of Chinese manufacturers to look inwards in the face of continued sabre-rattling from the U.S. and E.U. We are encouraged by our strong performanc
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