Even the Chinese can't compete profitably with themselves

Asia

Trina is optimistic despite heavy losses in 2011

23.02.2012: Chinese photovoltaic (PV) products manufacturer Trina Solar Ltd. forecasts further growth for the company in 2012 despite heavy losses in the last quarter and a lower gross margin. While presenting the 2011 figures, CEO Jifan Gao said that since PV systems are becoming increasingly affordable, Trina expects increased demand for solar products in markets less dependent on government support and utility rate premiums. Gao believes this positive trend represents a great opportunity for the company and the solar industry in the future. For 2011, the company reported a net loss of $37.8 million, a huge drop from a profit of $311.4 million in 2010. Trina’s gross margin nearly halved to 16.2 percent, down from 31.5 percent in 2010. The company shipped approximately 1.5 GW of PV modules in 2011, up 43 percent from 2010. … Source: Trina Solar Ltd.; summary: PHOTON http://www.trinasolar.com The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/61264.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com