The Reduction Of PV Products Tax Is Valid Until 2016.

Mainland support Photovoltaic plate Following the launch of the "Specification for photovoltaic manufacturing industry" in the middle of this month and accelerating the integration of industries, the Ministry of Finance and the State Administration of Taxation issued a notice yesterday that the policy of VAT levy or refund 50% will be implemented in solar energy products in October 1st. The analysis indicates that the measures will help to raise the rate of return of PV enterprises to 1% to 2%, and to have a high vision for the plate.

According to the circular, PV value-added tax levied at 50% is promoted according to the spirit of the State Council. The aim is to encourage the use of solar power and promote the healthy development of related industries. The policy effect is from October 1, 2013 to December 31, 2015. According to the data quoted by the mainland media, the value-added tax rate of photovoltaic power station operators is 17%. According to the analysis and calculation, the tax rate is half or 8.5 percentage points down, which is equivalent to 2 to 4 yuan per grid connected electricity price. That means the profit rate of power stations will increase by 1% to 2%. Insiders have estimated that the profit margin of photovoltaic enterprises is less than 9% at present. We believe that measures will directly benefit the downstream enterprises of photovoltaic industry, and we also have the opportunity to promote the benefits of upstream enterprises at the same time.

The market has long anticipated the implementation of photovoltaic industry. Value added tax The measures to levy or withdraw 50% are due to the past precedents of supporting the environmental industry by VAT. For example, in the 08 year, the value added tax was levied on the electricity produced by the wind power. The policy of VAT was put forward by the State Council at the end of last year. The VAT preferences of photovoltaic power stations were clearly put in line with wind power. However, the policy was finally released yesterday, and the policy was finally implemented in the past 08 years.

In fact, since the trade friction between the PV industry and the European Union has initially subsided this year, the photovoltaic industry support policy has been continuously launched, such as Development and Reform Commission The tariff subsidy scheme for photovoltaic industry has been announced at the end of August, the subsidy amount is much higher than the market estimate level. The industry consolidation plan is introduced again this month. The analysis is expecting the industry to recover in a series of support.

Hongkong listed two photovoltaic stocks are strong, poly poly (3800) and hina solar (566) have risen 30% and doubled this quarter, compared to the same period, the Hang Seng index increased by only about 12% during the same period, of which Hon can more than 20% last Thursday.

As for Kam Tan (712) and Xingye solar energy (750), they lost a lot, and the increase was only 5% and 0.4%.