In 2022, the photovoltaic industry will become the biggest "outlet" in the market this year. As long as the listed companies are involved in photovoltaics, the stock price will rise. It is against this background that according to incomplete statistics, there are currently more than 50 listed companies cross-border involved in photovoltaics. Among them, there are Mubang Hi-Tech, which is engaged in educational toys, Huangshi Group, which is engaged in the dairy industry, Zhongnan Culture, which is engaged in the cultural media industry, and Blu-ray Development, which is engaged in the real estate industry. There are many ways for listed companies to cross-industry into photovoltaics: equity acquisition, investment in photovoltaic projects, joint investment with photovoltaic companies to establish new companies, and even leasing real estate to photovoltaic companies to become a photovoltaic concept stock. So what is the prospect of cross-border investment in the photovoltaic industry now?
Source: Daily Economic News
Those companies that took the lead in deploying the photovoltaic industry have tasted the sweetness first, with their stock prices doubling and their net profits increasing significantly. Therefore, more and more companies outside the circle choose to enter the photovoltaic industry across borders. So can all industries enter the photovoltaic industry and make a fortune? it's not true. Take the latest announcement of listed companies in the cross-border photovoltaic field in 2022 as an example. From the beginning of 2022 to September, listed companies such as *ST Zhongdi, Zhongnan Culture, Xinzhu, Languang Development, and Fengfan are facing an embarrassing situation of declining stock prices. . Although there are many large companies in the cross-border photovoltaic industry, from the perspective of the industrial chain, they are still in the downstream of the industrial chain, such as the dairy company Huangshi Group and the educational toy company Mubang Hi-Tech cross-border photovoltaic cells, pig company Zhengbang Technology and real estate company Blue Light develops cross-border photovoltaic power generation field, real estate company Tianchen shares and metal products company Baoxin Technology cross-border photovoltaic heterojunction. For these new players, the technical threshold of the photovoltaic downstream industry is relatively low, and it is easier to get started, but the competition they face is also more intense. There are far fewer companies choosing the upstream of the cross-border photovoltaic industry, especially the silicon material, which not only has to face extremely high investment and technology costs, but also faces the "strangling" of leading companies in the industry. Therefore, the current layout of the cross-border photovoltaic industry chain is more unsatisfactory. Therefore, it is not possible to do photovoltaics with money. As for companies with insufficient capital, although the investment threshold for components and other components is low, for companies with little accumulation, it is extremely difficult to start cross-border photovoltaics from scratch.
All opportunities also hide risks. The so-called "interlacing is like a mountain", heat and difficulties hit together. New cross-border players also face risks in terms of technology and talent pool. For example, whether the company has personnel engaged in photovoltaic business, whether there is a reserve of talents for photovoltaic production technology, if not, whether it is actively contacting and introducing talents in related fields, and whether it has considered the possible risk that the introduction of talents will not meet expectations.
In addition, after a number of listed companies announced cross-border investment in photovoltaic projects, almost all stock prices have ushered in a short-term rise. Investors carefully screen this. For example, Blu-ray Development announced its entry into the photovoltaic industry, but in July 2021, the company defaulted on its bonds in the open market. As of June 30, 2022, Blu-ray Development has accumulated a total of 38.775 billion yuan of outstanding debt principal and interest, and it is estimated that the net assets attributable to shareholders of listed companies in the first half of 2022 will be negative. Then we can think about it, whether Blu-ray Development, which is burdened with huge debts and is expected to be negative in net assets, has really invested in the photovoltaic industry or is it hyping up the stock price? Personally, I think that the fact that many listed companies are gathering cross-border photovoltaics does not rule out the need for some listed companies to transform, but there are also many people who follow market hotspots. By exploiting the market hotspot of photovoltaics, to achieve ulterior purposes, or to raise the stock price, or to reduce the holdings of important shareholders to cash out at a high level, or to alleviate the risk of major shareholders' equity pledge, or to achieve other purposes. Regulatory authorities should also continue to pay attention to the phenomenon of listed companies frequently hyping hot spots, and strengthen management when necessary to purify the market environment.
The photovoltaic industry is still showing a high-growth trend, and expanding production scale is also required for market growth, which means that the global photovoltaic industry still has broad market space and prospects in the next few years, and this market space provides direct impetus for cross-border photovoltaic enterprises. However, companies need to be cautious when investing in the photovoltaic industry. While focusing on investing in industries and fields they are familiar with, they can actively follow up on technologies in the energy storage field. harvester.
