GCL-Poly expects a loss of HK$330m ($42.6m) for the first six months of 2012, following a full-year loss of HK$3.39bn last year.
The company blames the low price of polysilicon and wafers, as well as impairments and provisions made against its inventory, accounts receivables and production facilities, for the loss.
But, having hit bottom at the end of 2012, polysilicon prices in China are “becoming reasonable”, thanks to the industry consolidation “now happening” in China and the EU’s recent settlement of its investigation into alleged dumping of Chinese wafers, cells and modules.
“All
