The 1Q13 financial results of PV manufacturers were successively released in June. Affected by the Q1 off season of the European market as well as the Chinese New Year off season, even though the reduced subsidy in Germany and U.K. has boosted demands, the amount of shipments of global PV manufacturers still decreased. However, since product price started to rise this year, their revenue didn’t decline significantly.
According to the Silver Member Report of EnergyTrend (a research division of TrendForce), the deficit of first-tier manufacturers was significantly reduced this quarter and their gross margin has started to rise from the bottom. In order to distribute risk, manufacturers have slowly shifted business to other markets; this will also be conducive to market expansion, and due to the increased price, PV manufacturers may start gaining profit.