Debon Securities analysts released a research report, due to the explosive volume of the downstream photovoltaic cell industry in the first half of the year, the company's main products are basically in a state of short supply. In the second quarter, due to the impact of upstream silicon carbide price increases, the company's overall gross profit margin declined. In the second quarter, the average price of silicon carbide increased by about 10%. However, the price of the company's main products is generally in the form of long associations. In the case of major changes, it is generally not re-negotiated. The lawsuits on patents and environmental protection issues received by the company in the early stage have now been well resolved, and have passed the review of relevant state departments and will not affect the company's future operations.
The average PE of the photovoltaic industry in 2010 and 2011 is 38 times and 28 times respectively. The conservative estimate is given to the company 25 times PE in 2011, and the reasonable price of the secondary market should be around 53 yuan, giving the company a “buy†rating for the first time.
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