According to Hebei province's photovoltaic giants, JA Solar and Yingli Solar, their deficits have gone down and profits are up, which analysts see as a sign of improvement in their operations and a clear sign of recovery the province's photovoltaic industry after the financial crisis.
JA Solar reported an income worth $258.1 million for the second quarter of this year, and a deficit of $21.6 million, a drop of 35 percent from the $33.25 million of last year's final quarter.
The industry has clearly benefitted from government policies, the analysts say.
Yingli Solar's income for this year's second quarter was worth $550.4 million, an increase of 26.1 percent from the first quarter, with a deficit of $52.3 million, or almost half the first quarter figure.
Profits of the two companies have been rising, with those of Yingli Solar up 11.8 percent in second quarter, rising by 4.8% compared to that of the first quarter. JA Solar's profits rate in second quarter was 8.1% and it was 6% in the first quarter.
Hebei's photovoltaic companies are trying to get a larger market share and are starting to build photovoltaic power stations.
Jin Baofang, the CEO of JA Solar, said they will make project development a regular part of manufacturing and will continue to work on both domestic and international projects. The company is pushing three solar power projects locally, in Lincheng and Neiqiu, and, in Gansu province, has gotten approval on two photovoltaic power stations, one of which is in the construction phase. |
