2011 Earnings USA
08 February 2012
| In (000) | MEMC | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| MEMC | 2,715,500 | 2,420,600 | 294,900 | 10.86% | -1,536,000 | -6.68 | -$6.68 | $ 585,800 | 229,900 | $ 1,926,800 | $ 2,715,500 |
| MEMC/SunEdison | |||||
| Sales | 2011 | 2012 | Solar energy Pricing Q1 | Solar energy pricing 2012 | 2012 Pipeline |
| plant sales (MW) | 274 | 400> | 4.25/Watt | 3.75/Watt | 3,000 (MW) |
| wafer | 0.15/ watt cash cost JV in China | 0.20> Kuching, Malaysia | |||
| polysilicon FBR technology |
| In (000) | SUNPOWER | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| Sunpower | 2,312,494 | 2,084,290 | 228,204 | 9.87% | -603,859 | -6.18 | -$6.18 | $ 657,934 | 97,724 | $ 974,978 | $ 2,312,494 |
| Sunpower | ||||
| Sales | 2011 | Conversion | Cost structure | |
| (MW) | 922 | Cost Q4 11 | Cost Q4 12 | |
| cells | Maxeon Gen 3 | 23-24% | ||
| Gen 2 | 21-23% | |||
| modules | 20% | $1.46 | $1.25 | |
| with efficiency | poly per watt 5.1 g | $1.08 | $0.86 | |
| In (000) | TRINA SOLAR | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| Trina | 2,047,902 | 1,715260 | 332,642 | 16.24% | -37,280 | -0.54 | -0.54 | $ 816,780 | 70,720 | $ 1,037,379 | $ 2,047,902 |
| Trina Solar | Conversion | |||
| Sales | 2011 | Conversion | Cost structure | |
| (MW) | 1,511.50 | Cost Q4 11 | Cost Q4 12 | |
| cells | Honey-multi | 19.6% | >20.0% | |
| SPARC-n type mono IBC | >21.0% | |||
| ASP | $1.01 | |||
| modules | 16% | $0.64 | <$0.60 | |
| poly | $0.30 | $0.20 | ||
| In (000) | FIRST SOLAR | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| FS | 2,766,207 | 1,794,456 | 971,751 | 35.13% | -39,493 | -0.46 | -0.48 | $ 605,619 | 86,067 | $ 663,648 | $ 2,766,207 |
| First Solar | Conversion | |||
| Sales | 2011 | Plant pipeline 2012 | production / cost structure | |
| (MW) | 2.7GW | P/Cost Q4 11 | P/Cost 2012 | |
| Cadmium telluride (CdTe) module | efficiency 12.2% | lab tests 14.4% | 540MW/$0.73 | 1.5-1.8GW/$0.74 |
| Capacity | 2011 - 2.37GW | 2012- 2.52GW | ||
| In (000) | YINGLI ENERGY | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| YINGLI | 2,332,094 | 1,942,879 | 389,215 | 16.69% | -509,845 | -3.25 | -3.25 | $ 891,867 | 154,769 | $ 2,135,110 | $ 2,332,094 |
| YINGLI ENERGY | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| (MW) | 1.6GW | 2.4-2.5 GW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 |
| module | 370MW / $1.07/ $1.04 | 700MW/$0.90/ $0.73 | ||
| Capacity | Verdical 1.7GW | Verdical 2.45GW | ||
| In (000) | CANADIAN SOLAR | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| CSI | 1,898,923 | 1,716,639 | 182,284 | 9.60% | -90,806 | -2.11 | -2.11 | $ 343,995 | 43,076 | $ 832,886 | $ 1,898,923 |
| CANADIAN S | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| (MW) | 1.3GW | 1.8-2GW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 |
| module | 436/ 1.02/ 0.92 | 500 / 0.85 / 0.70 | ||
| Capacity | 2.3GW | 2.3GW | ||
| In (000) | JINKO SOLAR | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| JINKO | 1,173,351 | 990,658 | 182,693 | 15.57% | 43,431 | 1.85 | 1.85 | $ 68,932 | 22,578 | $ 435,868 | $ 1,173,351 |
| JINKO SOLAR | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| (MW) | 950.5MW | 800-1000 (module)/GW 150MW plants | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 |
| module | 169/ 0.96/ 0.91 | 250 / 0.85 / 0.72 | ||
| Capacity | vertical 1.2GW | vertical 1.2GW | ||
| In (000) | SUNTECH | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| CSI | 3,146,600 | 2,760,000 | 386,600 | 12.20% | -1,006,200 | -5.58 | -5.58 | $ 492,400 | 180,687 | $ 2,304,500 | $ 3,146,600 |
| SUNTECH | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| (MW) | 2.09GW | 2.1-2.5GW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 |
| module | cost 0.74 | cost 0.65 | ||
| Capacity | 2.4GW module | 2.4GW module | ||
| In (000) | HANWHA | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| HANWHAI | 1,019,477 | 1,053,964 | -34,487 | -3.38% | -147,779 | -1.76 | -1.76 | $ 314,043 | 84,065 | $ 612,954 | $ 1,019,477 |
| HANWHA | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| (MW) | 844.4MW | 1GW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 |
| module | 189.1MW/$1.01/$1.03 | |||
| Capacity | 1.5GW module | 1.5GW module | ||
| In (000) | RENESOLA | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| RENESOLA | 985,279 | 889,226 | 96,053 | 9.7% | 331 | 0.00 | 0.00 | $ 379.,039 | 86,306 | $ 827,181 | $ 985,279 |
| RENESOLA | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| wafer | 1,01GW | ~1.4GW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 |
| module | 280.7MW | 600MW | 94.4MW/$0.97/$0.94 | |
| Capacity | 2GW wafer, 240MW cell, 400 MW module |
2GW wafer, 240 cell, 1GW module |
||
| In (000) | SUNERGY | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| SUNERGY | 566,292 | 564,474 | 1,818 | 0.00% | -94,293 | -7.05 | -7.05 | $ 209,479 | 13,372 | $ 531,361 | $ 566,292 |
| SUNERGY | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| 420.3MW | 500-550MW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 | |
| module | 411.5MW | 116.4MW/$0.94/$0.88 | ||
| capacity | 400 cell, 915 module | 915 cell, 1,150 module | ||
| In (000) | JA SOLAR | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| JASO | 1,705,279 | 1,631,900 | 73,299 | 4.29% | -89,665 | -0.54 | -0.54 | $ 617,914 | 175,522 | $971,624 | $ 1,705,279 |
| JA SOLAR | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| 1.69GW | 1.8-2GW | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 | |
| module | ||||
| capacity | 1.08GW wafer, 2.8GW cell, 1.2GW module | 1.08GW wafer, 2.8GW cell, 2GW module | ||
| In (000) | DAQO | ||||||||||
| Company name | Operating income | Operating costs | Gross income (loss) from operations | GM | Net income (loss) | EPS | EPS USD | Cash and cash equivalents | Shares (000) | Total debt in US | US $ revenue |
| DAQO | 255,832 | 169,723 | 86,109 | 33.6% | 33,324 | 0.95 | 0.95 | $ 92,697 | 35,142 | $277,451 | $ 255,832 |
| DAQO | Conversion | |||
| Sales | 2011 | 2012 | production /ASP/ cost structure | |
| 763.28MW eq | P/ ASP / Cost Q4 11 | P / ASP / Cost 2012 | ||
| capacity | 4,300MT | 7,300MT | ~$30/kg | $25/kg |
