People's Finance reported on April 7 that due to factors such as the US government's tariff increase, A-shares fell sharply after opening on April 7, and the stock prices of many photovoltaic listed companies also fell sharply. Regarding the impact of the US tariff increase on the photovoltaic industry, Securities Times reporters consulted a number of business people, industry association people and industry experts. The industry's views and judgments can be roughly divided into two categories. First, the tariff increase will not have a great impact on the photovoltaic industry. On the one hand, today's decline in the industry sector is related to the systemic panic in the market, and there are certain emotional factors. On the other hand, China's photovoltaic product export channels to the United States have been besieged and blocked before. Photovoltaic products produced in China and Southeast Asia have always faced high tariff barriers from the United States. The new tariffs will not have a direct impact. Moreover, the annual capacity of the US photovoltaic market is about 50GW, and it is not seen that the new tariffs will have an impact on the global new photovoltaic demand. The second is that the impact of the additional tariffs on the photovoltaic industry remains to be seen and there is uncertainty. A business person told reporters that the new tariffs will indeed have some impact on the photovoltaic supply chain costs in the United States. Another business person judged that the global trade order is currently undergoing a reconstruction and the impact will not be small. As far as photovoltaics are concerned, in addition to facing ultra-high tariffs, the United States' new energy subsidy policy is also facing adjustments. If tariffs and de-subsidy policies are implemented together, the photovoltaic industry will face great challenges.
In this regard, a third business person also told reporters that after the Trump administration came to power, the industry had expected the decline of the US new energy policy; in addition, another level of impact lies in the Southeast Asian market. An analyst told reporters that after the United States imposed tariffs on components exported to four Southeast Asian countries, part of the production capacity was transferred to other Southeast Asian countries and India, and photovoltaic components exported from Southeast Asia accounted for 70%-80% of US imports. In addition, the new tariffs imposed by the United States on Southeast Asia are relatively high, which will still have an impact on the industry.
For a long time, the United States has used patent litigation as part of its diplomatic strategy to frequently put pressure on Chinese high-tech companies. This behavior has become a norm in its China strategy. According to the "2024 Survey on Overseas Intellectual Property Disputes of Chinese Enterprises" report jointly released by the China Intellectual Property Research Association and the National Overseas Intellectual Property Dispute Response Guidance Center, nearly 90% of overseas patent litigation of Chinese enterprises is concentrated in the United States, and the number of Chinese enterprises as defendants in US patent litigation accounts for as high as 90%. The winning rate of Chinese enterprises is extremely low, and settlement and withdrawal of cases dominate. In this huge number, the average compensation awarded to Chinese enterprises in US patent litigation is US$23.7172 million.
From January to February 2025, the domestic photovoltaic market showed significant signs of recovery. According to data from the National Energy Administration, the country's newly installed photovoltaic capacity reached 39.47GW, accounting for 72% of the newly installed power generation capacity in the same period, and renewable energy (wind, solar and water) accounted for nearly 93%. This growth not only continued the high growth rate of 28% in 2024, but also led to a comprehensive rebound in prices in the industrial chain driven by the intensive implementation of policies and the rush to install. The short-term adjustment of the industry's supply and demand structure and the deepening of market-oriented reforms have injected new vitality into the photovoltaic industry.
For us, Multifit, we need to seize this opportunity and take advantage of the continuous expansion of the photovoltaic market to introduce our photovoltaic equipment and photovoltaic cleaning equipment to our potential customers, so that they can familiarize themselves with the performance and quality of our products, and ultimately place successful orders. And actively participate in domestic and international exhibitions, for example, at this year's 136th Canton Fair, we sent a luxurious lineup to participate in the exhibition. At this Canton Fair, we fully demonstrate our latest products to these potential customers and seize these opportunities that allow our end customers to experience our products for the first time. |
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