China Sunergy Q2, 2015 results include slight decrease in PV module shipments, revenues

China Sunergy’s solar photovoltaic product shipments totaled 184.5 MW in Q, 2015
China Sunergy’s solar photovoltaic product shipments totaled 184.5 MW in Q, 2015

China Sunergy Co., Ltd. (CSUN, Nanjing. China) on November 23rd, 2015 announced its financial results for the second quarter ended June 30th, 2015.

Total revenue was USD 87.5 million, a decrease of 4.3% from USD 91.5 million in the first quarter of 2015. The revenue for self-branded products totaled USD 86.6 million and the revenue for the products processed under the OEM arrangement was USD 0.9 million.

Solar photovoltaic (PV) product shipments totaled 184.5 MW, a decrease of 3.8% (7.4 MW) from 191.9 MW in the first quarter of 2015. PV Module shipments, including module processed under OEM arrangement of 16.8 MW, were 148.9 MW. Solar cell shipments were 35.6 MW.

Gross profit was USD 6.1 million and gross margin was 6.9%, compared with gross profit of USD 10.3 million on gross margin of 11.3% in the first quarter of 2015.

Net loss attributable to ordinary shareholders was USD 10.5 million, compared with USD 12.2 million in the first quarter of 2015.

 

2015-11-24 | Courtesy: China Sunergy Co., Ltd. | solarserver.com © Heindl Server GmbH

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