Suntech Power Dramatic Decline Of Output

According to reliable sources, Suntech Power China has cut at least half jobs and is preparing for further cutting.

Unconfirmed sources say that one of the China's biggest solar companies, Suntech Power Co, based in Wuxi China has seen a decline recently because of financial crisis.

One worker worked in the old production line told reporters that he was told to maintain only one day at work in one week. That is to say he's only paid one day salary per week, if not worse.

Another street source told reporters that Suntech Power had already closed or temporarily closed at least 24 production lines which represent 50% of its production. Unreported and unconfirmed data show that 2,000 workers have lost their jobs.

Other big solar companies have all suffered recently, however some medium companies that have not come into market are not hit very hard. According to some sources from China Municipal Bureau of Foreign Trade & Economic, some medium solar companies in China have put more resources in R&D and they are able to pass the crisis safely because they didn't put a lot of sources into production in the last three months and they did not leave too many stocks to sell. The good management was working in these companies.

Although Suntech Power is not likely to be dead, the current situation will certainly do harm to its reputation.

Solar Brokers

There is a joke about the brokers. One day there was a trading exhibition in NY. One major US solar company (assume named "A") in LA wanted to find a good supplier world widely. One Chinese company ("C") offered a very attractive solution, however because the head quarter of company A did not fully trust Chinese, he let one British trading company B to find reliable suppliers in Europe. British guys then transfered the solution to a cheaper sub-contractor Indian company I. However company I believed that a broker in Hong Kong may find even cheaper solution in Asia so company I transfered the contract to H in Hong Kong again. Hong Kong guy knew Chinese company C pretty well so H let C manufacture the commodities for H. Finally the contract circled the whole world and only brokers got the biggest "Fat".

In the PV industry, there are so many lazy downstream company's employees. All day they sit in the office, phoning their Hong Kong or Indian brokers to push for a cheaper price, while the only thing needs them to do, is to move their buns, get a ticket and fly to China, contact one or two biggest manufacturers that have reliable records, then they will find that they are getting the biggest benefits from this little journey...

Jetion Is Rewarded As A Most Successful Chinese Company As On 31 OCT 2008 By Deloitte China

Source from

http://www.deloitte.com/dtt/press_release/0,1014,sid%253D7040%2526cid%253D232048,00.html [Source in Chinese]

Deloitte China has published 50 China’s high technology result on 31/Oct/2008. According to the result, the average increase of income of the 50 most successful Chinese companies is 1,877%. The average increase of income of the 5 top successful Chinese companies is 11,988%, much more than the average 9,668% increase as of 2007’s data.

The most successful company has been rewarded to Jetion Science and Technology Co Ltd, who is based in Jianyin, Jiangsu province and owns Jetion Europe. The company’s average income increase has exceeded a world remarkable 34,706% record in three years starting from March 2005.

For more data please contact Deloitte China, Dickie Luk, CEO of Customers & Marketing Strategies
Email: dluk@deloitte.com.hk

For Jetion investment please contact Russell Tang, Investment Manager
Email: tanght@jetion.com.cn

For Jetion sales please contact John Shen, Sales Consultant
Email: shenyang@jetion.com.cn

A New Solar Energy Era

The solar industry is experiencing a pain before delivery. Some 10 factories has closed in China thanks to the cool down of economy. Recently the silicon price has seen a dramatic fall and the solar cell price has fallen down up to $3. The European market is still growing, however the solar panel price has dropped. This is really a big resources re-allocation world widely.

The manufacturers are supposed to consider the following steps:
1. Slow down the manufacturering;
2. Put more money on the R&D;
3. Keep the experienced staffs;
4. Secure the next years projects;
5. Prepare for the warm-up of economy estd. in mid-2009.

Solar Cells Sale In China

Today the Chinese Solar industry has seen rapid growth ever. According to 2007 Deep Research Report on China Solar cell industry，2006 China Solar Cell Shipment was 400.9 W，Increased 237.74% than 118.7MW in 2005，and reached 1021.5 MW in 2007 estimatively，increased 154.8% than 2006.

About the revenue: 2006 China Solar Cell revenue was 1251.4 Million USD，Increased 264.5% than 343.3 Million USD in 2005，and est. reached 3188.6 Million USD in 2007，increased 154.8% than 2006.

About utilization: the total solar cell utilization of China is 27.36 in 2005, 34.24% in 2006, about 41.61% in 2007, est. 76.99 in 2012; the low utilization during 2005 and 2006 mainly because the following two reasons: first, the expansion of solar cell manufacture capacity is fast; second, the shortage of solar cell raw material(wafer or polysilicon) is tremendous.