Half of 60 Chinese PV Companies Listed Forecast Net Loss in Profit
In general, top Chinese photovoltaic manufacturers have a high risk tolerance and are expected to achieve significant net profits in 2023.
Competitive strategies range from Chinese producers expanding commodity capacity to Western incumbents investing in circularity, low-carbon furnaces, and specialty coatings. These shifts together position the solar photovoltaic glass market for resilient growth throughout the decade.
Manufacturers now compete on scale, logistics efficiency, and coating innovation to defend profitability in the solar photovoltaic glass market. Cumulative solar capacity reached 1.6 TWdc in 2023, up 89% on 2022, while building-integrated photovoltaics (BIPV) gained momentum.
The global solar photovoltaic glass market is moderately consolidated: the five largest producers command about 64% of melting capacity, yet regional pockets exhibit differing dynamics. Chinese leaders Xinyi Solar and Flat Glass Group deploy scale as their chief weapon, targeting 32,200 tonnes per day of combined capacity by end-2024.
Together with the interim dividend of 7.5 HK cents, the full-year dividend is 22.5 HK cents, with a dividend payout ratio for the year of 47.8% (2022: 46.6%). Business Review Solar Glass Business – Rapid Revenue Growth Driven by Capacity Expansion and Strong Market Demand
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