Trina Solar Limited (Changzhou, China) on May 21st, 2015 announced its unaudited financial results for Q1, 2015. Total solar photovoltaic (PV) module shipments were 1,026.2 MW, consisting of 891.7 MW of external shipments and 134.5 MW shipments to the Company's own downstream solar power projects.
This compares with total shipments of 1,098.8 MW in the fourth quarter of 2014 and 558.0 MW in the first quarter of 2014, and the company's guidance of 840 MW to 870 MW.
Trina Solar recorded net revenues of USD 558.1 million, a decrease of 20.8% from the fourth quarter of 2014. Gross margin was 18.0%, compared with 15.7% in the fourth quarter of 2014.
Operating income was USD 29.2 million, a decrease of 4.4% from the fourth quarter of 2014. Net income was USD 15.7 million, an increase of 12.7% from the fourth quarter of 2014.
“We are pleased to announce the strongest first quarter in our company's history. We exceeded our own guidance as well as market expectations,” comments Jifan Gao, Chairman and CEO of Trina Solar.
Gross margin rose from 15.7% in Q4, 2014 to 18% in Q1, 2015
“We maintained our leading position as one of the largest solar companies in the world, with record shipments of over 1 GW during what is traditionally the weakest quarter of the year. Our gross margin rose quarter-on-quarter from 15.7% to 18% as our cost reduction efforts continue to generate positive results which more than offset the decline in the average selling price during the quarter.”
Gao notes that Trina Solar’s Malaysia facility, along with the recently announced Thailand facility, will serve to not only expand production, but also enhance the company’s competitiveness in the global markets.
2015-05-21 | Courtesy: Trina Solar | solarserver.com © Heindl Server GmbH
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