Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Silicon price hike squeezes solar-product profit margins
Adjust font size:

The silicon price hike is shaving the profit margins of the Chinese solar product makers. "They are facing an industrial reshuffle," a senior executive at a Ningbo solar company said to the China Business News. Such a statement came after the tidings that the German-based Conergy, a leading company in the field, would suffer great losses this year.

The figures provided by the Chinese Semiconductor Association show that the price for the 6-inch polycrystalline silicon wafer nudged up to nine dollars in the third quarter, more than ten times the previous price. Nine dollars is the bottom line for the manufacturers of the solar battery.

Seventy percent of the cost in making solar batteries goes into the silicon wafer so this price hike will cost all solar companies an arm and a leg. Moreover, since 2004, their profits have taken a nosedive. In 2005, the gross profit margin of Suntech Power in Wuxi City was 30.3 percent. This year, the margin was only 10.6 percent in the first quarter.

"Domestic solar companies largely depend on the imported silicon. Its price spiral will definitely influence those companies," remarked a senior executive.

For more details, please read the full story in Chinese. (

( December 18, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game
-Macao's gaming market expands further
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号