Major adjustment of photovoltaic industry, foster

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The CSRC pre disclosed the IPO prospectus of Hangzhou foster photovoltaic materials Co., Ltd. on April 19, and the company will be reviewed at the meeting in the near future. Foster plans to issue no less than 58.1 million shares and no more than 60 million shares, with 58.1 million shares tentatively; The total share capital after issuance is 400.1 million shares, which is planned to be listed on the Shanghai Stock Exchange

according to the disclosure in the prospectus, the main business of foster and its predecessor is the R & D, production and sales of EVA solar cell adhesive film, copolyamide filamentous hot-melt adhesive film and solar cell backplane products. Forbes ranked the second most potential company in China in 2011

nevertheless, due to the squeeze of upstream and downstream industries, Wuhan has overcome the world problem of nano film material testing, but foster's gross profit margin has decreased year by year, and the growth rate of performance has dropped sharply. Many analysts pointed out that at present, the growth of global demand for photovoltaic products is expected to decline, and the product price of domestic photovoltaic enterprises is lower than the cost and makes a comprehensive loss, which will squeeze the profit space of suppliers; And the whole photovoltaic market is entering the phase of elimination and integration, and the overall market demand will further shrink. Foster's listing at this time has to make people worry about its profit prospects. At the moment of deep reshuffle in the photovoltaic industry, it also casts a shadow on whether foster can pass the meeting smoothly. [details]


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