The list of the world's top ten crystalline silicon photovoltaic module manufacturers in 2017 was released

Record setting seems to have become the norm in the PV industry, and 2017 was no exception, with global PV installations exceeding 100 GW
.

The list of the world's top ten crystalline silicon photovoltaic module manufacturers in 2017 was released

According to GTM Research, the top 10 crystalline silicon PV module manufacturers in the world in 2017 were JinkoSolar, Trina Solar, Canadian Solar Power, Hanwha Q CELLS, JA Solar, LONGi Leye Photovoltaic, GCL Integration, Risen Energy, Yingli Green Energy and Talesun Solar
.

Demand for new capacity has exceeded most analysts' expectations, meaning supply conditions are tight across the supply chain, with prices even rising
at certain points throughout the year.
These conditions are favorable
for the largest crystalline silicon PV module manufacturers.
These manufacturers, affected by the oversupply situation in 2016, were able to take advantage of stable prices and strong demand to improve their position and plan major capacity expansion plans
.

"The module market in 2017 gave suppliers an advantage
.
" Jade Jones, Senior Analyst of Solar Markets at GTM Research, commented, "Strong demand in the China region due to the threat from US Section 201, while tight supply in Southeast Asia, has allowed suppliers to achieve appropriate margins
.
”

In 2017, JinkoSolar maintained its position as the world's largest manufacturer of crystalline silicon PV modules, producing more than 6.
5 GW, an increase of more than
1 GW over the previous year.
Despite this, JinkoSolar's gross profit fell by 22.
7%
from RMB3.
87 billion to RMB2.
99 billion.
JinkoSolar cited lower module prices and higher material costs as the main reasons
.
"Our gross margin was 11.
3%, compared to 18.
1% in 2016, driven in part by increased collaboration with OEM partners to meet surging market demand, particularly in the first half of
2017.
Higher raw material costs are also a big reason
.
JinkoSolar CEO Chen Kangping pointed out
in the company's 2017 financial results.

For the most part, 2017 was a stable year
for the top five crystalline silicon PV module manufacturers.
While JinkoSolar and other top manufacturers have been able to absorb these lower margins effortlessly, some have faced losses
.
Yingli Green Energy ranked ninth, with shipments of more than 3 GW
in 2017.
Despite this, the company had a net loss of $510 million and total liabilities of $3.
2 billion
.
While the company has persuaded many creditors to wait for the time being, the 2017 financial report was accompanied by a notice saying that "given the company's financial position, there are significant doubts
about the company's ability to continue as a going concern.
" ”

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