In the first half of 2018, benefiting from the rapid growth of the photovoltaic market in the first five months, the company overall maintained a positive development trend. However, it is not difficult to find that due to the introduction of the new photovoltaic policy, the performance of a few companies has obviously begun to experience some fluctuations.
Judging from the semi-annual report previews of 30 domestic photovoltaic listed companies (including those involved in photovoltaics) that have been published in China, 90% of the companies have promising performance, and only a few companies will suffer losses. Affected by factors such as the New Deal, exchange rate fluctuations, and poor management, the performance of some companies has shown a huge contrast. It is worth noting that the growth rate of corporate performance slowed down significantly in the first half of this year. The number of companies with net profits exceeding 300 million was less than 30%, and the performance of 30% of companies declined. Among them, the net profits of Sunflower, Maoshuo Power, Jiawei and Jolywood fell by 1294.48%, 88.92%, 75.01% and 55.16% respectively.
Industry insiders said that affected by the "531" policy storm, corporate performance will continue to bear the impact in the second half of the year. When the market enters a freezing period in the third quarter, corporate financial reports will also become worse.
Figure 1: Performance overview of 30 domestic photovoltaic listed companies in the first half of 2018 (forecast)
Figure 2: Net profits of 30 domestic photovoltaic listed companies in the first half of 2018 (forecast)
Figure 3: First half of 2018 30 domestic companies per year Net profit growth of listed photovoltaic companies (preview)
Source: Polaris Solar Photovoltaic Network
