Energy Yingli Yingli Group company, which listed on the New York Stock Exchange in the United States in 2007, is now one of the world's largest manufacturers of solar street light products. Yingli Group also sponsored last two soccer World Cup, once the limelight.

 In the bond market, Yingli solar Modules in May of this year issued two medium-term notes, respectively, for "12 British Lee MTN1" "12 British Lee MTN2", time limit, respectively, for the 3-year, 5-year, issue amount, respectively, to 1.2 billion yuan, 3 billion, a total of 1.5 billion yuan, 600 million yuan of which was used to repay bank loans.

CCXI With the gradual deterioration of the operating environment, the Yingli solar light capacity utilization is significantly lower profitability dropped significantly, and losses; Days sales outstanding account was significantly prolonged deterioration in cash flow from operating activities, mobility in the downgrade aouncement Risk prominent.

The CCXI that, due to the rapid expansion of production capacity, Yingli large solar fan scale of investment and the scale of investment in the construction of the proposed project is still large, asset-liability ratio exists to further upward pressure. Yingli Energy's total assets as of the end of June this year, 24.71 billion yuan, 4.355 billion yuan of owner's equity, asset-liability ratio is as high as 82.37%.

 According to the disclosure, as of the end of September last year, Yingli solar charger supplier in construction in progress totaling 3.125 billion yuan, 3.067 billion yuan investment budget of the proposed project; These projects have been approved by the National Development and Reform Commission and other departments.

PV industry Neiwaijiaokun

 In fact, with the solar inverter manufacturers as a whole into the "winter", in addition to the photovoltaic business was downgraded recently, some photovoltaic giant also introduced a large-scale layoff plans.

 PV giant is why collective fall? A solar cell outlook report in good faith with the latest inteational severely affected due to changes in the policy environment and the impact of the European debt crisis, the PV industry needs; caused by the large-scale outbreak of the early industry overcapacity led to declining PV prices, industry consolidation The clues appear, therefore, industry outlook negative.

 With solar fan, home appliances to the countryside policy gradually fade out of the market, until the complete failure of the solar water heater industry have renewed efforts to find their own market.

It is leaed that the home appliances to the countryside since December 2007, early in the three provinces of Shandong, Sichuan, Henan, Qingdao pilot, since December 2008, the home appliances to the countryside for the 14 provinces, municipalities and autonomous regions to promote, then in commenced for the country in February 2009. Advance the implementation of the three provinces and one city in accordance with the plan originally solar charger appliances to the countryside execute four years will be over by the end of November 2011, subsequent promotion of the 14 provinces and autonomous regions in addition to the upfront provinces and one city by the end of November 2012, according to plan , the end of the rest of the time will be in the end of January 2013. Which, solar water heater been included from the begiing in 2009 within the context of the home appliances to the countryside subsidies Up to now a total of three rounds of home appliances to the countryside.

{solar sale , home appliances to the countryside policy stimulus, the market potential for solar water heater business has been the biggest play market once even showing a trend of excessive overdrafts. "Home appliances to the countryside" policy to stop the news due no doubt to a large number of solar water heater business impact, the days of the "home appliances to the countryside" over how, all of a sudden become a pressing problem lie in front of the solar water heater business.

Before, "home appliances to the countryside" policy, fiscal and trade policies of both tilt, the third and fourth tier cities become a true blue ocean, 800 million farmers and 210 million households, accounting for 67.6% of China's total number of households, 13% of state subsidies additional send a second subsidy of 3% -5% and local govement, the role of the "home appliances to the countryside" policy for part of the solar water heater business can be described as immediate. Enterprises in upgrading the majority of low-income farmers consumer vision, so the first-tier solar Modules business completed sales to Village marketing network layout. It is reported that the solar water heater business in recent years, about 70% of the sales are done in the rural market.