ReneSola the first time in a year and a half to achieve profitability

Boss

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Tuesday, April 23rd 2013, 7:42pm

ReneSola the first time in a year and a half to achieve profitability

This should fly high tomorrow

http://www.solarzoom.com/article-28054-1.html

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Boss

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Tuesday, April 23rd 2013, 7:47pm

It looks like $0.10 for processing wafer and $0.32 cell/module.
With Poly at $20 you looking at $0.54 total cost.

Great job. they said 10% higher cost for outsourcing ,but 20% higher ASP in Europe too.

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rational_judgement

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Tuesday, April 23rd 2013, 8:07pm

I cannot figure out what the article says except the headline. Did the company say this or is this someone's view? I agree though that SOL has a better chance of attaining profitability later in the year.

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Boss

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Tuesday, April 23rd 2013, 8:10pm

i do not know who said that,maybe odyd can contact solarzoom??

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Boss

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Tuesday, April 23rd 2013, 8:14pm

it was posted by someone named Jojo.

Disclaimer: contained in this website articles, data only represent the author, has nothing to do with the Solarzoom photovoltaic solar Network. The photovoltaic solar network in Solarzoom of views, statements judgment neutral. The information contained in the original text of the statement text and content without the site confirmed that this website about this as well as all or part of the contents, text authenticity, completeness, timeliness does not make any guarantee or promise, the reader is for reference only, and accept full responsibility for your own

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Pop2mollys

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Tuesday, April 23rd 2013, 8:24pm

Oh myyyyyyyy......

Solarzoom has a very good rep, maybe Santa comes tomorrow?

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Paybak66

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Tuesday, April 23rd 2013, 8:37pm

Unless Santas real name is Jojo, it looks like this is just another "opinion piece". Dont get too excited.

(hey, maybe Larryvands third name is Jojo? Lol).

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Pop2mollys

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Tuesday, April 23rd 2013, 8:40pm

This article is saying a net profit of 12 million (75 million yuan) for 1Q....

Just an opinion? Seem weird to throw out an exact number. Or did something get leaked before a PR.

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Paybak66

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Tuesday, April 23rd 2013, 8:44pm

I just tried to read the article again, and got "the article is currently under review".

Anyone else get this message?

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Pop2mollys

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Tuesday, April 23rd 2013, 8:47pm

Quoted from "Paybak66"

I just tried to read the article again, and got "the article is currently under review".

Anyone else get this message?

http://translate.googleusercontent.com/t…1_UkCz4XAL-eNRA

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Boss

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Tuesday, April 23rd 2013, 8:55pm

I guess we have to wait till May 16. That would be a great surprise if SOL is profitable in the first Q.
I can not believe it,not with the numbers SOL said on last CC. IMO

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Boss

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Tuesday, April 23rd 2013, 8:57pm

Now the article is gone on Solarzoom!!
What is going on??

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Pop2mollys

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Tuesday, April 23rd 2013, 9:00pm

Quoted from "Boss"

Now the article is gone on Solarzoom!!
What is going on??

http://translate.google.com/translate?de…st%26catid%3D21

http://translate.googleusercontent.com/t…1_UkCz4XAL-eNRA

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Boss

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Tuesday, April 23rd 2013, 9:09pm

yeah i found it again is under PV finance.

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odyd12

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Tuesday, April 23rd 2013, 9:23pm

Is this a dead give away
"The world's second largest silicon production base, the world's largest efficient wafer-scale production, and China's top five components exporters."
I found this here, sounds like party promo to me

http://zhejiang.mofcom.gov.cn/article/sj…400096225.shtml

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Boss

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Tuesday, April 23rd 2013, 9:26pm

Odyd you think article is not true??

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Pop2mollys

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Tuesday, April 23rd 2013, 9:31pm

I just wrote SOL IR about article....will let you know how they respond....

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odyd12

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Tuesday, April 23rd 2013, 9:46pm

I caught this fragment which is not factual so I am quoting it
Other watch outs.
4% rise in prices in March for the first time since 2009 IHS.
Does 20% sounds accurate for prices in Europe, unless it is future?
They just announced this outsourcing deals btw
Q1 grew 30% in revenue while company projected 280 to 300MW of modules vs., 320MW and $280M in sales which is below $306M in Q4..

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odyd12

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Tuesday, April 23rd 2013, 9:55pm

Unless it is 30% growth to Q1 2012, from 211 to 280, which makes it a lot more sense. So the net profit of some 12M could be a GM with 4.2%, so not the net profit margin but net gross margin. This sounds plausible. Still I do not think we are looking at net income positive. I wish everyone holding SOL for me to be wrong, and this article to be right.

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joshchang

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Tuesday, April 23rd 2013, 9:59pm

Quoted from "odyd12"

Unless it is 30% growth to Q1 2012, from 211 to 280, which makes it a lot more sense. So the net profit of some 12M could be a GM with 4.2%, so not the net profit margin but net gross margin. This sounds plausible. Still I do not think we are looking at net income positive. I wish everyone holding SOL for me to be wrong, and this article to be right.

Net income of $120k according to the article.