CHANGZHOU, China, July 30, 2012. Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced today the following updates to its previous guidance made for the quarter ended June 30, 2012. The Company estimates its solar module shipments in [...]
Total net revenues were RMB 3,148.5 million (US$500.0 million).
PV module shipment increased by 44.4% from the fourth quarter of 2011.
Gross profit was RMB 245.2 million (US$38.9 million), representing a gross margin of 7.8%, which reflected a non-cash inventory provision of RMB 21.2 million (US$3.4 million) and a provision for preliminary U.S. countervailing and anti-dumping duties of RMB 86.3 million (US$13.7 million). Gross margin of PV modules excluding these provisions would be 11.5%.
China Sunergy Co., Ltd. (NASDAQ: CSUN), a specialized solar cell and module manufacturer and solar developer, today announced its financial results for the first quarter ended March 31, 2012.
These results follow on news announced May 9, 2012 regarding the company entering into a definitive merger agreement with CBD Energy Limited (“CBD”), a diversified renewable energy company based in Sydney, Australia.
Net revenue for the first quarter of 2012 was $325.8 million, down 31.3% from $474.1 million in the fourth quarter of 2011 and down 26.5% from $443.4 million in the first quarter of 2011.
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) CSIQ +0.51% , one of the world’s largest solar companies, today updated its guidance for the fourth quarter ended December 31, 2011. The updated guidance is based on Canadian Solar’s current views with respect to operating and market conditions, its current order book and customers’ forecasts, all [...]
Canadian Solar Inc., one of the world’s largest solar companies, today announced the appointment of Andrew Chen as Chief Financial Officer, effective immediately. Arthur Chien, who previously served as Chief Financial Officer, will continue as a special advisor to the CEO’s office until the end of the year. The Company also reiterated its financial outlook. [...]
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