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Bankrupt Solar-LDK, Suntech, SunEdison

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The NDRC intended point support PV companies LDK Suntech list 2012-09-30 08:44:04 Source: China Financial Network www.fecn.net the keep abreast of 0 On September 25, the China Securities Journal reported that the National Development and Reform Commission recently-intensive organization of various functional departments research to develop support for the photovoltaic industry development views, as one of the most important financial support, the CDB recently completed on further strengthening the financial and credit support photovoltaic The healthy development of industry recommendations, will focus on ensuring the "six six small 12 PV companies credit line, the rest of the photovoltaic business loans will be subject to the strict control. On September 27, an industry's leading corporate finance department official confirmed to reporters that "six six small list of 12 companies," six ", including: LDK Solar LDK, energy, Suntech, Yingli, Trina light and crystalline Australia. "Six" include: Artes Jingke sun power, Sunergy, Xinao and ReneSola. Another investment profession CDB selection principle of the enterprise, the enterprise prior to the depth of cooperation with the CDB, the power game between the provinces also have an impact on the results. According to previous reports, 12 companies recognized by the CDB, "six" is the leading become the size and brand strength, "six" refers to the science and technology enterprises with independent intellectual property. An industry analyst evaluation of the list is "very tricky." In his view, this list basically includes the industry the most advantage of the enterprise, and can be seen, the CDB selected enterprise or outside The listed companies in the main, these enterprises have a high degree of international influence. According to statistics, the shortlisted companies had most of the CDB had the depth of cooperation. Enterprise has shortlisted six "list, Suntech previously obtained the CDB credit line of 50 billion yuan; Yingli the CDB credit line of 36 billion yuan; Trina Solar to obtain the CDB credit line of 30 billion yuan ; JA had obtained the CDB credit line of 30 billion yuan; GCL Jiangsu Zhongneng CDB won $ 6.2 billion and 2.53 billion yuan loans; LDK Solar CDB won 60 billion yuan credit. The list of six small Artes with CDB signed a five-year period of approximately $ 93.8 million loan agreement; Sunergy CDB won a $ 160 million credit support. In this list, the most contentious than the the LDK Solar finalists. LDK Solar PV companies CDB maximum credit, but as of the end of July, liabilities of up to 88.10%, net operating cash flow -10.74 billion, the financial situation is worrying. Together with its January-July 2012, gross margin was -9.16%, -16.05% July monthly gross margin, sales revenue and increased costs upside down. Net loss of 1.349 billion yuan in January-July 2012, single-month net loss in July than in June, an increase of 267 million yuan, a net loss of a tendency to expand. The leading enterprises in the industry insiders told reporters, The CDB current published list is just to show that attitude, follow a clear policy is the key. CDB cooperation with enterprises, or value the quality of the project. The not selected enterprises also does not mean you can not cooperation with the CDB. There are a lot of companies are also in this list, but also with the CDB had cooperation. Industrial Solar has received the CDB behavior period of 10 years 41 million yuan loan; Ultra-day sun CDB € 1 billion credit support; the Hina Group won the CDB 300 billion line of credit; Hareon and overseas wholly owned subsidiary of application does not exceed EUR 48 million loan to the National Development Bank. http://finance.fecn.net/2012/0930/88597.html

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PV bailout delineated "six six small enterprises Zevi finalists Yin ZhengyiSource: Meteorological Published: September 30, 2012   "China Securities News" reported that the National Development and Reform Commission recently-intensive organization of various functional departments research to develop support for the photovoltaic industry development views, as one of the most important financial support, the CDB has recently completed financial credit support PV industry healthy development of recommendations on further strengthening will focus on ensuring that the the "six six small" 12 photovoltaic business line of credit, will be subject to the strict control of the rest of the photovoltaic business loans.

  An industry leading corporate finance department official confirmed to reporters that the list of the 12 companies of the "six six small", "six", including: LDK Solar LDK, energy, Suntech, Yingli, Trina Solar and JA . "Six" include: Artes Jingke sun power, Sunergy, Xinao and ReneSola.

  According to previous reports, 12 companies recognized by the CDB, "six" is the leading become the size and brand strength, "six" refers to the science and technology enterprises with independent intellectual property.

  An industry analyst evaluation of the list is "very tricky." In his view, this list basically includes the industry the most advantage of the enterprise, and can be seen, the CDB selected enterprise or outside The listed companies in the main, these enterprises have a high degree of international influence.

  (Source: 21st Century Business Herald Editor: Yan Xin)

  

http://www.zgqxb.com.cn/xwbb/201209/t20120929_31830.htm

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Is it (like you mentioned before about Jinko's primary backing being from BoC) because they are not primarily backed by CDB?

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Not sure, Jinko appears in this article as part of this support. it would be logical to establish 12 companies and under those banners to consolidate or eliminate the other players. LDK being as part of this is a bit crazy. However CDB gave them $8.9B line of credit. That is in dollars not yuan.

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Suntech took a loan and media is talking about rescue package. $32M is not going to rescue anything or anyone. A lot of errors, convertible is called a loan here etc. Truth is that $550M is being payable in March 2013 http://www.sustainablebusiness.com/index.cfm/go/news.display/id/24130 I can imagine that this $680M fraud case had balance sheet' impact. It is time for the company to produce financial results. The trading warning and no financials make Suntech to look like a real penny stock and makes others look bad.

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Didn't know Odyd reads Chinese. Ok, let me post the rest the story.

    而根据资料显示,入围企业此前大都与国开行有过深度合作。

    已经入围“六大”名单的企业中,尚德此前获得国开行授信额度为500亿元人民币;英利获得国开行授信额度为360亿元人民币;天合光能获得国开行授信额度为300亿元人民币;晶澳此前获得国开行授信额度为300亿元人民币;保利协鑫江苏中能曾获得国开行62亿美元及人民币25.3亿元贷款;赛维LDK曾获得国开行600亿人民币授信。

    而“六小”名单中,阿特斯曾与国开行签署5年期约合9380万美元贷款协议中电光伏曾获得国开行1.6亿美元信贷支持。

    在此名单中,最有争议的莫过于赛维LDK的入围。

    虽然赛维LDK在所有光伏企业中获得国开行最多授信,但其截至7月末,负债高达88.10%,经营性净现金流为-10.74亿元,财务状况令人堪忧。加之其2012年1-7月毛利率为-9.16%,而7月单月毛利率为-16.05%,销售收入与成本倒挂加剧。2012年1-7月净亏损13.49亿元,7月单月净亏损比6月增加2.67亿元,净亏损呈扩大趋势。

    而上述业内龙头企业的内部人士也告诉记者,国开行此次公布名单只是表明姿态,后续的明确政策才是关键。国开行与企业的合作,更多的还是看重项目的品质。而没有入选的企业也并不代表以后就不能与国开行合作。

    而在此名单外,还与国开行有过合作的企业也有很多。如兴业太阳能曾获得国开行为期10年4100万人民币贷款;超日太阳曾获得国开行10亿欧元信贷支持;汉能集团曾获得国开行300亿元的授信额度;海润光伏也为海外一全资子公司向国家开发银行申请不超过4800万欧元的贷款。

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Asia's largest solar silicon material and of polysilicon film production enterprises LDK Solar Hi-Tech Co., Ltd., vice president Zhu Liang Paul led a delegation of four people in recent days, Gansu </iframe></ins></ins> Asia's largest solar silicon material and of polysilicon film production enterprises LDK Solar Hi-Tech Co., Ltd., vice president Zhu Liang Paul led a delegation of four people in Gansu recently investigated the photovoltaic industry to seek investment opportunities. According to reports, LDK Solar Hi-Tech Co., Ltd. The delegation of the use of the Northwest energy resources, especially investment and construction of the photovoltaic power plant and its equipment production base in Gansu Province is full of confidence. Gansu Province Investment Promotion Bureau said, LDK Solar Co., Ltd. once stationed in Gansu Province, Gansu Province, construction of new energy to accelerate, extend the photovoltaic industry chain, to revitalize the equipment manufacturing industry will play a strong role in promoting. (Edit: xiaoyao) http://www.guangdian.net/news/show.php?itemid=13234

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CDB behavior 12 PV companies to provide loans to support LDK Solar has been 60 billion credit

Font Size: T | T2012-10-01 08:17:33 Source: prospective net

It is forward-looking network that, a few days ago, the National Development and Reform Commission organized a number of departments to jointly study the development of support for the development of photovoltaic industry views as one of the most important financial support, the CDB has recently completed financial credit support PV industry healthy development of recommendations on further strengthening focused on ensuring that the "six six small 12 PV companies credit line, the rest of the photovoltaic business loans will be subject to stringent control over.

September 27, one the industry's leading corporate finance department official confirmed that "six six small list of 12 companies," six ", including: LDK Solar LDK, energy, SuntechPower , Yingli, Trina solar energy JA. "Six" include: Artes Jingke sun power, Sunergy, Xinao and ReneSola.

Another investment profession CDB selection principle of the enterprise, the enterprise prior to the depth of cooperation with the CDB, the power game between the provinces also have an impact on the results.

According to previous reports, 12 companies recognized by the CDB, "six" is the leading become the size and brand strength, "six" refers to the science and technology enterprises with independent intellectual property.

An industry analyst evaluation of the list is "very tricky." In his view, this list basically includes the industry the most advantage of the enterprise, and can be seen, the CDB selected enterprise or outside The listed companies in the main, these enterprises have a high degree of international influence.

According to statistics, the shortlisted companies had most of the CDB had the depth of cooperation.

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The list of six small Artes with CDB signed a five-year period of approximately $ 93.8 million loan agreement; Sunergy CDB won a $ 160 million credit support.

In this list, the most contentious than the the LDK Solar finalists.

LDK Solar PV companies CDB maximum credit, but as of the end of July, liabilities of up to 88.10%, net operating cash flow -10.74 billion, the financial situation is worrying.Together with its January-July 2012, gross margin was -9.16%, -16.05% July monthly gross margin, sales revenue and increased costs upside down. Net loss of 1.349 billion yuan in January-July 2012, single-month net loss in July than in June, an increase of 267 million yuan, a net loss of a tendency to expand.

The leading enterprises in the industry insiders said, the The CDB current published list is just to show that attitude, follow a clear policy is the key. CDB cooperation with enterprises, or value the quality of the project. The not selected enterprises also does not mean you can not cooperation with the CDB.

There are a lot of companies are also in this list, but also with the CDB had cooperation. Industrial Solar won the behavior of country for a period of 10 years, 41 million yuan loan; Ultra-day sun CDB € 1 billion credit support; Hina Group was awarded the CDB 300 billion line of credit; Hareon and also its overseas, a wholly-owned subsidiary has applied for a loan of nearly 048 million euros to the CDB.

http://www.qianzhan.com/indynews/detail/150/120929-b0ad311d.html

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