Why do you say about this grid tie inverter in the short term pessimism

And is bullish on the future long-term investment opportunities? Because in the short term, both in terms of the is given priority to with chemical method of polysilicon production, raw material or the component production scale effect, all could not see the product cost the possibility of a sharp decline, coupled with serious supply exceeds demand and capacity in Europe and the "grid tie inverter" factors, in the short term investment opportunities opportunities were limited.

The future for a period of time, components of the highest conversion rate has been tending to actual implementation possible, integration of industry scale effect is also limited to lower cost.

Investment in the photovoltaic industry, as a decline in the cost of we most care about problems, though, don't think that Moore's law applicable light volt grid tie inverter but believed that the greatest opportunities of cost reduction in polysilicon feedstock, due to technological advances, reduce the cost of polysilicon production is remarkable.

Learn material, I believe as long as the storage of the raw material is enough big, with the improvement of grid tie inverter, production cost reduction is only a matter of time.

The wind grid tie inverter progress is likely to appear in the United States, we have received a lot because of advanced foreign wind grid tie inverter to investment request.

If polysilicon production cost can be decreased from $20 a kilo to a $10 or less, what will bring in the wind grid tie inverter competitiveness, it will be a "money" the arrival of the era.

When everybody don't look good on the market, is perhaps the most worthy of investment.

Red Hui: agree with you on the silicon raw material to produce the competitiveness of the future due to technical progress to bring costs down judgement and confidence, believe that human the infiniteness of the cognition of natural and wind grid tie inverter progress of great ability.

Is different from you on power inverter in the short term, the four or five years is worth watching this analysis, I think the investment in the power inverter, the secondary market can not to focus on one or two years, because it is in phase to inventory the cruelty of integration.

In the primary market, however, from now on, industry capital should stay focused on market opportunities.

I time analysis of the current pv market is: starting from the middle of industry consolidation takes four to five years, during which is divided into two stages, and the price of the first stage is irrational stage, because of the local governments and financial institutions with competitive enterprise bankruptcy damage not don't want to see, it is only through brutal price strangulation of crowding out, so as to realize the relatively reasonable supply and demand, this stage need 2 years time.

The second stage is rely on technological progress to bring cost down the price of rational stage, from quantity to quality differences between different enterprises will take place during this period, this time by any one, secondary market is worth strategic investors pay special attention to.

Agree with you about power inverter relies on scale effect makes little sense to slash costs, but the difference is I the comparative cost of more emphasis on the energy industry.