The first photovoltaic company annual reports baked Trina Solar net profit growth of 59%
Changzhou Trina Solar Photovoltaic Company Limited today released its 2009 fourth quarter and full year financial report, the report shows, Trina Solar in 2009 net profit of 97.6 million U.S. dollars, up 59%, which is listed overseas the earliest domestic photovoltaic enterprises baked in a 2009 annual report.
According to the annual reports of Trina Solar in 2009 full year gross margin was 28.1%, an increase of 19.8% in the fourth quarter gross margin is up 32.6%, far more than the expected 25% ~ 27%.
In addition, Trina Solar Solar module shipments in 2009 nearly 399MW, close to the company’s previously announced expectations (380MW ~ 400MW) of the ceiling, representing 98.5% growth in 2008, it is worth attention is that Trina Solar components of the fourth quarter, shipments rose only components of the fourth quarter, shipments amounted to 164MW, an increase of 184.3 percent year on year.
Trina Solar’s related personnel, said fourth-quarter growth has been mainly due to the company 500MW production capacity expansion project put into production smoothly, to the end of 2009, batteries and components of their production capacity to reach 600MW, silicon ingots and silicon wafers to attain their 500MW . In addition, Trina Solar has signed a total for the domestic market 8MW component supply agreement, and another one in 2010 the first half of 120MW supply components to the Spanish and Italian markets agreements.
In addition, Trina Solar is still the fourth quarter of a five-year total of 304 million U.S. dollars in loans, mainly for companies within the next three years, the Eastern 500MW solar photovoltaic industry, vertically integrated product project, it is learned, The loan from the Agricultural Bank of China and Bank of China (Quote stock bar) the lead. Meanwhile, Trina Solar supplied by Europe’s largest photovoltaic roof project, located in Antwerp, Belgium, the roof of the 40MW project also announced the opening.
With the government vigorously promote the development of solar energy industry, China’s photovoltaic enterprises are developing rapidly.
Deutsche Bank said that with the 2010 global demand for photovoltaic solar modules, the Chinese solar energy enterprises will be the main beneficiaries.
However, this year in January the German government intends to implement to reduce electricity price policy, which may be the world’s leading solar manufacturer severe price pressure, and China’s photovoltaic business is also a major supplier to the German market.
“We believe that China’s low-cost structure of solar energy companies, as well as growing the brand recognition will enable them to withstand the industry leader in average selling prices may decline in the impact, and to seize more market share,” Deutsche Bank said that the Chinese enterprises will be less affected.
