专栏咏竹坊

Rising silver prices, appreciating yuan cast shadow over JinkoSolar
白银涨价人民币升值,晶科能源蒙上双重阴影

The leading solar module maker’s loss more than tripled in the fourth quarter of last year, as its gross margin barely managed to stay positive.
这家领先的太阳能组件制造商去年第四季亏损扩大逾两倍,毛利率则仅勉强维持在正值。

Record gold prices may be getting all the attention in commodities headlines lately, but similarly spiking prices for silver have been causing headaches for solar companies these days. That factor nearly drove JinkoSolar Holding Co. Ltd. (JKS.US; 688223.SH) back into the difficult position of spending more to produce each of its solar cells and modules than it could sell them for, just two quarters after its gross margin returned to positive territory.

近期商品市场焦点多集中在创新高的金价,但同样大幅上升的银价,正为太阳能企业带来不小压力。这一因素几乎令晶科能源股份有限公司(JKS.US;688223.SH)再次陷入成本高于售价的困境,而这距离其毛利率重回正值仅过去两个季度。

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