2012年我国光伏行业经历了极为困难和动荡的一年，受欧洲宏观经济不景气、光伏补贴标准下调、贸易摩擦不断升级等因素的影响，最重要的欧洲市场需求萎缩，同时产能严重过剩，库存量较大导致价格大幅度下跌。很多公司由于投资激进，资产负债率高企，在行业下行周期受到了巨大的现金流压力。预计2013年国内的光伏应用市场将会迅速增长。我们认为分布式光伏系统会得到大力扶持，将会带动全球市场的需求。美国、日本等其他新兴市场也将保持稳定增长。部分企业现金流断裂导致企业停产，光伏产能逐渐开始收缩，2013年的供求关系将会好于2012年。欧盟“双反”的风险仍然存在，所以大多数主产业链环节的企业还存在不确定性。
In 2012, China's photovoltaic(PV) industry experienced extremely difficult and turbulent year. PV's price declined sharply for the shrinking of the most important European market, seriously super abounded production capacity and overstock, which was influenced by the downturn of European macroeconomic, lowered FIT (Feed-in Tariff) standards of PV and escalating trade friction. Many enterprises were distressed by very tight cash flow in the industry down period because of radical investment and high asset-liability ratio. It is estimated that the domestic PV application market will grow rapidly in 2013. The development of distributed PV systems will be the most important field. The demands of China's PV market will boost the global market demands in 2013. The United States, Japanese and other emerging markets will remain stable growth. Breaking of cash flow will lead to suspended production for some enterprises, and capacity will gradually shrink. The balance between supply and demand in 2013 will be better than 2012. The risk of EU "double dip" still exists, so the majority of the enterprises on the main industrial chain still face uncertainty.
