In recent years, the world has been attaching increasing importance to renewable energy. Photovoltaic power, therefore, has become a highlight in the new energy field. Since 2006, the global solar photovoltaic power market has been developing ceaselessly and rapidly. It is estimated that newly installed photovoltaic capacity reached 57GW in 2015, bringing total installed capacity to 245.8GW, increasing by 21.28% over 2014. In recent years, newly installed capacity of solar photovoltaic power generation has been rising, benefitting from large photovoltaic markets, such as China, Japan and the U.S.A.

Supported by the Chinese government, China's photovoltaic power stations have also been rapidly expanding. By the end of 2016, newly installed capacity of photovoltaic power was 34.54GW, bringing total installed capacity to 77.42GW. China ranks the first in the world in terms of both newly and total installed capacity. At the end of 2015, total installed capacity of photovoltaic power in China reached 43.18GW, enabling it to surpass Germany to have the largest installed capacity of photovoltaic power.

The photovoltaic device industry supports the photovoltaic industry. China is a major producer of solar cells, the development of which has driven the takeoff of the photovoltaic industry and, consequently, the photovoltaic device industry.

Chinese photovoltaic device companies are now fully capable of providing facilities for the entire production line of solar cells. In 2010, several products, such as diffusion furnace and plasma etching system, started to be exported. Eight out of 10 major varieties of facilities along the production line of solar cell can be provided, among which 6 varieties (diffusion furnace, plasma etching system, cleaning/texturization machine, quartz tube cleaner and low-temperature drying furnace) are dominating domestic product lines. Two varieties (tube PECVD and fast firing furnace) coexist with imported facilities with increasing shares. Three varieties (automatic screen printer, automatic sorting device and PECVD pad) entirely depend on import. In the manufacturing of components, laminating machines and sun simulators are widely used in the industry. In early 2011, 48th Institute of CETC provided the multi-wire cutting machine and polysilicon ingot furnace after two years of performance tests. This means China is fully capable of producing photovoltaic devices.

On January 5, 2017, the Thirteenth Five-year Plan (2016-2020) of Energy Development was issued by National Energy Administration. It is estimated that by the end of 2020, the installed capacity of solar photovoltaic power generation will reach 110GW, including 60GW distributed photovoltaic, 45GW photovoltaic power station and 5GW photovoltaic thermal power generation. Photovoltaic power shall be provided at a low grid power price on the user side. In the next few years, China's photovoltaic device industry will grow rapidly.

CRI selects 18 photovoltaic device companies listed in this report to reflect the industry in China. The report provides readers with a quick guide to the profiles and financials of Chinese photovoltaic device companies being listed in the recent 10 years.

The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).

The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.

(1) Financial Indexes

- Earnings per Share

- Book Value per Share (BPS)

- Sales per Share (SPS)

- Net Cash Flow per Share from Operations

- Net Cash Flow per Share (CNY)

- Return on Net Worth

- Net Profit Margin on Total Assets

- Return on Invested Capital (ROIC) (%)

- Gross Profit Margin on Sales (%)

- Net Profit Margin on Sales (%)

- EBIT Margin (%)

- EBITDA Margin (%)

- Debt to Asset Ratio (%)

- Total Asset Turnover (times)

- Cash/Operating Income Received from Sales of Goods or Services

- YOY Growth Rate of Operating Revenue (%)

- YOY Growth Rate of Operating Profit (%)

- YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)

(2) Summary of Income Statement

- Gross Revenue (CNY, million)

- Total Operating Costs (CNY, million)

- Revenue (CNY, million)

- Operating Profit (CNY, million)

- Total Profit (CNY, million)

- Net Profit (CNY, million)

- Net Profit Attributable to Shareholders of Parent Company (CNY, million)

- Non-recurring Items (CNY, million)

- Net Profit Deducting Non-recurring Items (CNY, million)

- R&D Costs (CNY, million)

- Earnings Before Interest and Tax (EBIT) (CNY, million)

- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)

(3) Summary of Balance Sheet

- Liquid Asset (CNY, million)

- Fixed Asset (CNY, million)

- Long-term Equity Investment

- Total Assets (CNY, million)

- Liquid Liability (CNY, million)

- Non-current Liability (CNY, million)

- Total Liability (CNY, million)

- Capital Reserve (CNY, million)

- Surplus Reserve (CNY, million)

- Undistributed Profit (CNY, million)

- Shareholders' Equity (CNY, million)

- Equity Attributable to Shareholders of Parent Company (CNY, million)

(4) Summary of Cash Flow Statement

- Cash Received from Sales of Goods and Services (CNY, million)

- Cash Flow from Operations (CNY, million)

- Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)

- Cash Paid for Investments (CNY, million)

- Cash Flow from Investments (CNY, million)

- Cash Received from Investors (CNY, million)

- Cash Received from Borrowings (CNY, million)

- Cash Flow from Financing (CNY, million)

- Net Increase of Cash and Cash Equivalents (CNY, million)

- Cash and Cash Equivalents, End of Period (CNY, million)

- Depreciation and Amortization (CNY, million)