2024 SNEC PV (Shanghai)

The SNEC 17th (2024) International Solar Photovoltaic and Smart Energy (Shanghai) Conference and Exhibition (hereinafter referred to as "SNEC Photovoltaic Conference and (Shanghai) Exhibition"), co-organized by the Global Green Energy Council, Shanghai Federation of Economic Groups, Shanghai Science and Technology Exchange Center and Shanghai New Energy Industry Association, will be held at the National Exhibition and Convention Center (Shanghai) from June 13 to 15, 2024. The "SNEC 9th (2024) International Energy Storage (Shanghai) Technology Conference and Exhibition" (hereinafter referred to as "9th International Energy Storage II") will be held in Shanghai, China from September 25 to 27, 2024. The "SNEC 7th (2024) International Hydrogen Energy and Fuel Cell (Shanghai) Technology Conference and Exhibition" will be held at the same time.

At present, the price and profit of the photovoltaic industry chain are under pressure, which has become a topic that people can hardly avoid during SNEC 2024.

"The silicon wafer and battery links are facing serious losses, and the profit level of the entire industry is at a low level. The industry's capacity expansion is irrational, and the prices of the four links are at the bottom segment." Du Jianen, a photovoltaic analyst at new energy research institution InfoLink, said.

Zhu Gongshan, chairman of GCL Group, said frankly: "At present, the photovoltaic industry is experiencing the 'strongest internal volume in history', with a serious mismatch between supply and demand, and the industry has entered an ice age. So far, the four major links of silicon materials, silicon wafers, batteries, and components have basically fallen below the cash cost, and the entire industry chain is under collective pressure. In this round of shock cycle of the photovoltaic industry, the overall production capacity has expanded by about 3 times, but the profit margin has dropped by about 70%."

Regarding the subsequent price trend of the photovoltaic industry chain, Qian Jing, vice president of JinkoSolar, analyzed in an interview with the "Science and Technology Innovation Board Daily" and other media that "the current price should be the bottom. Now there are basically few (enterprises) in the entire industry chain that can achieve profitability, and even if they can make profits, they are very meager. If it is lower than the current level, it will be very unsustainable. Of course, it cannot be ruled out that some (enterprises) are 'fighting to the death' and releasing lower prices. It is expected that in Q3 and Q4 this year, the overall price of the industry chain can stop falling and rise slightly."