Yesterday, the country's largest solar cell manufacturers Sheung Tak Electricity (STP.NYSE) announced 2007 earnings. Company revenue for 1.348 billion US dollars and net income was 201 million US dollars, an increase of 125.1 percent, respectively, and 89.6%, respectively. This is the first time the company Pomo billion annual sales mark.
Yesterday, the branch power fuels virtually all of the fourth quarter last year, the company shipped 110 MW (megawatts), revenue for the quarter of 397.5 million US dollars, or 82.5 percent; annual shipments of 364 MW and revenue to 1.3483 billion US dollars. Fourth-quarter profit is 58.2 million US dollars.
The current national slowdown in demand for solar cells, the industry believes that it is possible to influence solar cell manufacturers future performance. But Sheung Tak Power CEO Shi Zhengrong, said the company in 2008 with a strong sales channel, I also hope that in 2009 such as Italy, Greece and South Korea, and emerging markets also have strong demand, as Germany, Spain and the United States market added that the company 2009 profit and revenue to continue its rapid growth.
Reported earnings also of the view that because of the company in 2007 conversion rate of 20% of a battery of test production, in order to expand the company's product range. In addition, the company's production capacity upgrading, reduced costs, and sales of the company's growth in 2008 as the cornerstone of development, stability, the supply of polysilicon is the company that distinguishes it from other enterprises have become the industry leader in one of the important factors.
The second half of 2007, with Asia Silicon branch power, Nitol Solar and other companies signed contracts. The company said that at present production from the third quarter of last year, 420 MW to 540 MW, around 2008 with a new production line completed, will reach 1,000 MW.
Earlier, a high-level solar enterprises to "Business News" said that Germany is now the global market for solar cells more than 50 percent of the total demand, but the development of the German market has begun to slow, with countries in the sun to encourage the use of battery policy not been fully completed, each of the companies still have to worry about future prospects.
Since electricity in the first quarter of branch revenue below market expectations, the market expected 455 million US dollars, the Company expects revenue for the 370 million to 380 million US dollars, opened yesterday morning that the crash of branch power, or 17.74 percent.