Although wind power giants such as Sinovel, Goldwind, and Xiangdian have remained profitable, net profit declined by nearly half year-on-year in the first half of this year, while many companies ranked behind are already at low profit or even losing money.
After six years of rapid development, the wind turbine manufacturers are in the final stages of pursuing speed and scale. As a result, many wind turbine manufacturing companies have been in trouble because of the continuous decrease in wind turbine prices, serious payment defaults, and frequent quality problems.
The overall profit has fallen sharply. "This year, the tightening monetary policy of the state and the adjustment of the wind power industry overlap, making wind power people feel the pressure of the environment is particularly large." Chairman of Goldwind Technology Wu Gang at the "2011 Beijing International Wind Energy Conference Entrepreneur Forum" Said.
After six years of rapid development, the wind turbine manufacturers are in the final stages of pursuing speed and scale. As a result, many wind turbine manufacturing companies have been in trouble because of the continuous decrease in wind turbine prices, serious payment defaults, and frequent quality problems.
“The rapid development of the wind power industry in recent years has attracted a large number of companies to participate in this industry, leading to disorderly competition in the industry, frequent outbreaks of price wars, affecting the operating performance of wind power companies.†Shen Hongwen, a researcher at China Investment Advisor New Energy Industry, told this Reporter, the reality of the decline in the performance of big wind power manufacturing enterprises in the first half of the year has already made the market feel that the wind manufacturing industry is in the cold.
According to the semi-annual performance report of listed companies, the profits of major wind power equipment manufacturers in China fell in the first half of this year. Among them, wind power companies such as Sinovel, Goldwind, and Hunan Power still maintained profitability, but their net profits fell by 48.3%, 45.0%, and 43% year-on-year, respectively, and their cash flow became tight. Many companies ranked behind are already at a low profit or even losing money. If the industry environment continues to deteriorate, a considerable number of companies will die.
Shen Hongwen told reporters, "The slowdown in market growth has affected the shipments of wind power companies. In particular, the frequent occurrence of wind power accidents has caused the government to strengthen supervision of the wind power industry, and this has also affected the high-speed growth of the wind power industry to some extent. â€
Taking Goldwind as an example, in terms of sales volume, 821 units of wind turbines were sold in the first half of the year, a decrease of 13.12% year-on-year.
Analyst Cai Wenbin believes that "the state has reclaimed the approval authority for local wind power projects, conducted strict grid-connected approvals for the wind power industry, and strengthened grid-connected technology management, resulting in a fall in demand for wind turbines in the first half of the year."
However, Han Junliang, chairman of Sinovel Wind, said at the 2011 Beijing International Wind Energy Entrepreneurs Forum that the current wind power slowdown in China's growth rate is very normal, and still optimistic about the future prospects.
WISCO also admitted that China's wind power industry needs to become stronger and stronger. The key to future development is to play a quality brand. Integrity and quality are the key factors that ensure the sustainable development of China's wind power industry.
Min Yang, chief operating officer of Mingyang Wind Power Co., Ltd. also believes that if every company wants to be competitive in the market, it depends on who has quality assurance and who can respond quickly. These two points should be a support point for companies in the future market competition.
Accelerated industry consolidation and elimination "At present, the wind power industry has entered the eradication phase of integration." Li Junfeng, deputy director of the Energy Research Institute of the National Development and Reform Commission, said that about 30% to 50% of wind power production capacity is idle, and a number of companies have already withdrawn slowly. , Including the companies ranked in the top ten are now shrinking, there is the possibility of withdrawal.
It is understood that according to the national regulations, the cumulative installed capacity of wind power will reach 150 million kilowatts by 2020, with an average annual increase of 12 million kilowatts. However, currently, the production capacity of the entire wind turbine manufacturing industry is only Goldwind, Huarui, and Dongqi. The output of the three companies exceeds 10 million kilowatts in 2010. The other 60 companies will compete in another 2 million kilowatts market with excess capacity. It is an indisputable fact that companies will launch fierce competition and reorganization for survival.
The wind power manufacturing companies that are ranked behind are faced with a more severe situation. A high-level wind power developer said that when they choose a wind turbine, an important consideration is whether the whole company can survive in the future. Because if the whole machine company cannot survive, after three to five years, the fan has passed the warranty period, and spare parts supply and maintenance will face many problems.
Xie Changjun, general manager of Longyuan Power, the largest wind farm developer in China, predicts that the next stage of the wind turbine manufacturing industry will enter the era of Ebb Tide, Merger and Integration, and eventually retain 8-10 companies is a more reasonable level.
“The vertical integration of China's wind power industry is happening, that is, downstream wind farm operators are acquiring upstream wind turbine production companies.†Hu Guodong, deputy general manager of Datang New Energy Wind Power, said at the 2011 Beijing International Wind Energy Conference.
For example, Guodian United Power, which was established for a short period of time, relied on Longyuan Power to rapidly rank among the top three in the domestic wind turbine market. Datang Group also acquired 70% of Huachuang Wind Energy. China's two largest wind power developers have their own manufacturing companies and will undoubtedly squeeze the survival space of other machine manufacturers.
Hu Guodong believes that vertical integration will facilitate more direct communication between wind farms and wind turbine manufacturers. Wind farms can directly tell their needs to the wind turbine manufacturers, allowing wind turbine manufacturers to conduct targeted R&D and production, and constantly improve their service capabilities. , technical level and fan quality. At present, this kind of acquisition is beneficial to the industry.
After six years of rapid development, the wind turbine manufacturers are in the final stages of pursuing speed and scale. As a result, many wind turbine manufacturing companies have been in trouble because of the continuous decrease in wind turbine prices, serious payment defaults, and frequent quality problems.
The overall profit has fallen sharply. "This year, the tightening monetary policy of the state and the adjustment of the wind power industry overlap, making wind power people feel the pressure of the environment is particularly large." Chairman of Goldwind Technology Wu Gang at the "2011 Beijing International Wind Energy Conference Entrepreneur Forum" Said.
After six years of rapid development, the wind turbine manufacturers are in the final stages of pursuing speed and scale. As a result, many wind turbine manufacturing companies have been in trouble because of the continuous decrease in wind turbine prices, serious payment defaults, and frequent quality problems.
“The rapid development of the wind power industry in recent years has attracted a large number of companies to participate in this industry, leading to disorderly competition in the industry, frequent outbreaks of price wars, affecting the operating performance of wind power companies.†Shen Hongwen, a researcher at China Investment Advisor New Energy Industry, told this Reporter, the reality of the decline in the performance of big wind power manufacturing enterprises in the first half of the year has already made the market feel that the wind manufacturing industry is in the cold.
According to the semi-annual performance report of listed companies, the profits of major wind power equipment manufacturers in China fell in the first half of this year. Among them, wind power companies such as Sinovel, Goldwind, and Hunan Power still maintained profitability, but their net profits fell by 48.3%, 45.0%, and 43% year-on-year, respectively, and their cash flow became tight. Many companies ranked behind are already at a low profit or even losing money. If the industry environment continues to deteriorate, a considerable number of companies will die.
Shen Hongwen told reporters, "The slowdown in market growth has affected the shipments of wind power companies. In particular, the frequent occurrence of wind power accidents has caused the government to strengthen supervision of the wind power industry, and this has also affected the high-speed growth of the wind power industry to some extent. â€
Taking Goldwind as an example, in terms of sales volume, 821 units of wind turbines were sold in the first half of the year, a decrease of 13.12% year-on-year.
Analyst Cai Wenbin believes that "the state has reclaimed the approval authority for local wind power projects, conducted strict grid-connected approvals for the wind power industry, and strengthened grid-connected technology management, resulting in a fall in demand for wind turbines in the first half of the year."
However, Han Junliang, chairman of Sinovel Wind, said at the 2011 Beijing International Wind Energy Entrepreneurs Forum that the current wind power slowdown in China's growth rate is very normal, and still optimistic about the future prospects.
WISCO also admitted that China's wind power industry needs to become stronger and stronger. The key to future development is to play a quality brand. Integrity and quality are the key factors that ensure the sustainable development of China's wind power industry.
Min Yang, chief operating officer of Mingyang Wind Power Co., Ltd. also believes that if every company wants to be competitive in the market, it depends on who has quality assurance and who can respond quickly. These two points should be a support point for companies in the future market competition.
Accelerated industry consolidation and elimination "At present, the wind power industry has entered the eradication phase of integration." Li Junfeng, deputy director of the Energy Research Institute of the National Development and Reform Commission, said that about 30% to 50% of wind power production capacity is idle, and a number of companies have already withdrawn slowly. , Including the companies ranked in the top ten are now shrinking, there is the possibility of withdrawal.
It is understood that according to the national regulations, the cumulative installed capacity of wind power will reach 150 million kilowatts by 2020, with an average annual increase of 12 million kilowatts. However, currently, the production capacity of the entire wind turbine manufacturing industry is only Goldwind, Huarui, and Dongqi. The output of the three companies exceeds 10 million kilowatts in 2010. The other 60 companies will compete in another 2 million kilowatts market with excess capacity. It is an indisputable fact that companies will launch fierce competition and reorganization for survival.
The wind power manufacturing companies that are ranked behind are faced with a more severe situation. A high-level wind power developer said that when they choose a wind turbine, an important consideration is whether the whole company can survive in the future. Because if the whole machine company cannot survive, after three to five years, the fan has passed the warranty period, and spare parts supply and maintenance will face many problems.
Xie Changjun, general manager of Longyuan Power, the largest wind farm developer in China, predicts that the next stage of the wind turbine manufacturing industry will enter the era of Ebb Tide, Merger and Integration, and eventually retain 8-10 companies is a more reasonable level.
“The vertical integration of China's wind power industry is happening, that is, downstream wind farm operators are acquiring upstream wind turbine production companies.†Hu Guodong, deputy general manager of Datang New Energy Wind Power, said at the 2011 Beijing International Wind Energy Conference.
For example, Guodian United Power, which was established for a short period of time, relied on Longyuan Power to rapidly rank among the top three in the domestic wind turbine market. Datang Group also acquired 70% of Huachuang Wind Energy. China's two largest wind power developers have their own manufacturing companies and will undoubtedly squeeze the survival space of other machine manufacturers.
Hu Guodong believes that vertical integration will facilitate more direct communication between wind farms and wind turbine manufacturers. Wind farms can directly tell their needs to the wind turbine manufacturers, allowing wind turbine manufacturers to conduct targeted R&D and production, and constantly improve their service capabilities. , technical level and fan quality. At present, this kind of acquisition is beneficial to the industry.
Uses a long sharp blade consisting of a continuous band of toothed metal rotating on opposing wheels to cut material. They are used principally in woodworking, and lumbering, but may cut a variety of woods. Advantages include uniform cutting action as a result of an evenly distributed tooth load, and the ability to cut irregular or curved shapes like a jigsaw.The minimum radius of a curve is determined by the width of the band and its kerf. Most bandsaws have two wheels connected by a belt or chain rotating in the same plane, one of which is powered.
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