Trina Solar Limited (Changzhou, China) on May 25th, 2016 announced its unaudited financial results for the quarter ended March 31st, 2016.
The company shipped solar photovoltaic (PV)
modules totaling 1,423.3 MW in the quarter, consisting of 1,370.4 MW of
external shipments and 52.9 MW of shipments to the Company's own
downstream PV projects. Total module shipments decreased 19.9%
sequentially and increased 38.7% year-over-year.
Net revenues were USD 816.9 million, a decrease of
15.1% from the fourth quarter of 2015 and an increase of 46.4% from the
first quarter of 2015.
Gross profit was USD 139.7 million, a decrease of
23.8% from the fourth quarter of 2015 and an increase of 39.2% from the
first quarter of 2015.
Gross margin was 17.1%, compared with 19.1% in the fourth quarter of 2015 and 18.0% in the first quarter of 2015.
"This quarter was a good start to the year. We
posted strong year-over-year growth in major financial and operational
metrics, particularly with revenue and net income up 46.4% and 91.3%,
respectively”, comments Jifan Gao, Chairman and CEO of Trina Solar.
“Total module shipments during the quarter increased
38.7% year-over-year to 1.42 GW, which was largely driven by demand
from our key markets in the U.S., China, and India. Our shipments in
Europe were up two-fold sequentially as a result of our strategic shift
in Europe.”
Trina Solar connected a total of 101.7 MW of
utility-scale PVprojects to the grid during the quarter, bringing the
total of grid-connected operating projects to near 1 GW.
"In the first quarter, we acquired a cell factory in
the Netherlands and also brought our facility in Thailand online as
scheduled, using our 'Honey' state-of-the-art high-efficiency assembly
line method”, Gao added.
Trina Solar expects total 2016 shipments between 6.30 GW and 6.55 GW
The Company expects to ship between 1.50 GW and 1.60
GW of PV modules in Q2, 2016, of which 40 MW to 50 MW of PV modules
will be shipped to the Company's downstream PV projects, from which
revenues will not be recognized.
The Company reiterates its 2016 total PV module
shipment guidance of between 6.30 GW and 6.55 GW, of which 220 MW to 260
MWwill be shipped to the Company's downstream projects, from which
revenues will not be recognized.
PV project guidance lowered
The Company updates its 2016 guidance of global
solar power project connections to between 400 MW and 500 MW from the
original guidance of 750 MW to 850 MW, including 15% to 20% of DG
projects in China.
source: http://www.solarserver.com
No comments:
Post a Comment