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lunes, febrero 6, 2023

Hanwha SolarOne reports almost doubled revenue increases in ’10 from ‘09

Hanwha SolarOne Company, formerly Solarfun Power Holdings Company, reported total net revenues of $1.140 billion in 2010, 99.2 percent higher compared with 2009 figures of about $573 million.

The growth in revenues is credited to a better PV module shipment position in 2010. Shipments reached 797.9 megawatts, an increase of 154.6 percent from 313.4 MW in 2009.

By the fourth quarter of 2010, total net revenues were at $321.1 million, a decrease of 3.4 percent from the third quarter’s $332.2 million.Compared to the net revenues of the fourth quarter of 2009, however, this was a 68.7 percent increase from $190.4 million.

The company attributed fourth quarter performance to lower shipments compared with the third quarter. Fourth quarter shipment was at 218.8 MW, while the latter posted 223.9 MW.

Peter Xie, president and chief executive of Hanwha SolarOne, said they are entering 2011 with enthusiasm. He said the company has a good number of orders made up until midyear.

Mr. Xie added that the company is improving its technology and that they will upgrade production capacity soon to be able to meet demand.

This first quarter 2011, Hanwha SolarOne expects total module shipments to hit 235 MW to 245 MW, 25 percent to 30 percent of which will be for PV module processing services.

For the full year of 2011 on the other hand, the company expects module shipment to range from 1 gigawatt to 1.2 GW, 20 percent to 25 percent of which will be for PV module processing services.

 

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