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Foxconn counter-attacks photovoltaic experts say low-cost competition can't get through
Opportunity
It’s no coincidence that Foxconn chose this moment to take a contrarian stance toward the PV industry.
Looking at the current state of the photovoltaic sector, it’s clear that many companies are struggling with heavy debt. As of April 15, the average debt ratio among A-share PV-related firms that have released their annual reports stands at 48.39%. Some companies, like Leshan Power and Hairun Photovoltaic, have debt ratios exceeding 70%, which is alarming.
Moreover, this year has seen tighter credit conditions for the industry, with banks increasingly cautious about lending to PV companies. There have even been rumors of a “fire, anti-theft, and anti-PV†trend, which has added to the challenges faced by solar enterprises.
This environment, while tough for many players, could present a unique opportunity for those with strong financial backing and long-term vision. Foxconn’s move may signal a strategic bet on the future potential of the PV market, despite the current headwinds.