The photovoltaic glass industry may form a duopoly by the end of 2020

          After the 531 policy of the photovoltaic industry, the domestic photovoltaic installation demand fell for the first time since 2014, and the price of photovoltaic glass fell with the changes of the industry. In the second half of the year, driven by domestic and overseas demand for downstream installations, prices began to pick up. At the same time, affected by the two-year policy window period, a large number of projects may not be able to complete the grid connection and operation within this year. The grid connection and operation time is expected to be postponed to 2020 or even early 2021, which supports the price of photovoltaic glass.

          In the third quarter, photovoltaic glass companies generally good performance.

          Flet glass is the world's second largest producer of photovoltaic glass, with revenue of 3.381 billion yuan in the first three quarters, up 49.71% year on year.The net profit attributable to shareholders of the listed company was 508 million yuan, up 75.08% year on year. the company said that the first three quarters of the results of the outbreak mainly due to the expansion of raw glass capacity. Flet has also reduced production costs by building its own distributed photovoltaic power stations, upgrading photovoltaic glass furnaces and acquiring mining rights.

          Nanbo A is mainly engaged in r&d, production and sales of high quality float glass and engineering glass, solar glass and silicon materials, photovoltaic cells and modules and other renewable energy products, as well as providing one-stop services for the development, construction, operation and maintenance of photovoltaic power station projects. In the third quarter, the revenue of nanbo A was 2.77 billion yuan, up 3.46% year on year.Net profit attributable to shareholders of listed companies was 167 million yuan, up 43.59% year on year. In the first three quarters, revenue was 7.66 billion yuan, down 6.01 percent from the same period last year.Net profit attributable to shareholders of listed companies was 544 million yuan, up 16.03% from the same period last year.

          At present, the capacity expansion of xinyi guangneng and flett glass is very rapid. It is estimated that by the end of 2020, the market share of the two in the photovoltaic industry will further exceed 60%, forming a duopoly situation.