LDK太阳能公布了2010财年第二季度业绩报告。第二季度公司总收入为5.65亿美元,较去年同期增长了147.6%,比上一季度增长了62.7%。二季度净利润为4500万美元,每股净利润0.36美元。 LDK Solar Co., Ltd. today reported its unaudited financial results for the second quarter ended June 30, 2010. All financial results are reported in U.S. dollars on a U.S. GAAP basis. Recent Highlights: - Record quarterly revenue of $565.3 million, an increase of 62.7% sequentially and 147.6% year-over- year; - Shipped 510.5 MW of wafers, 73.9 MW of modules in the second quarter; - Gross margin for the second quarter of fiscal 2010 was 18.0%; - Net income was $45.0 million, or $0.36 per diluted ADS for the second quarter; - Increased wafer capacity to 2.3 GW in June 2010; - Produced a total of approximately 1,200 MT of polysilicon during the second quarter; and - Entered into two solar module supply contracts totaling 35.8 MW during the second quarter. Net sales for the second quarter of fiscal 2010 were $565.3 million, compared to $347.6 million for the first quarter of fiscal 2010 and $228.3 million for the second quarter of fiscal 2009. For the second quarter of fiscal 2010, gross profit was $101.8 million, compared to $54.5 million in the first quarter of fiscal 2010, and a gross loss of $205.5 million for the second quarter of fiscal 2009. Gross margin for the second quarter of fiscal 2010 was 18.0%, compared to 15.7% in the first quarter of fiscal 2010 and negative 90.0% in the second quarter of fiscal 2009. Income from operations for the second quarter of fiscal 2010 was $78.6 million, compared to income from operations of $33.0 million for the first quarter of fiscal 2010, and compared to a loss from operations of $235.0 million for the second quarter of fiscal 2009. Operating margin for the second quarter of fiscal 2010 was 13.9% compared to 9.5% in the first quarter of fiscal 2010 and negative 102.9% in the second quarter of fiscal 2009. Income tax expense for the second quarter of fiscal 2010 was $7.7 million, compared to income tax expense of $3.2 million in the first quarter of fiscal 2010 and an income tax benefit of $29.5 million in the second quarter of fiscal 2009. Net income for the second quarter of fiscal 2010 was $45.0 million, or $0.36 per diluted ADS, compared to net income of $7.2 million, or $0.06 per diluted ADS for the first quarter of fiscal 2010 and a net loss of $216.9 million, or $2.03 per diluted ADS for the second quarter of fiscal 2009. The number of shares for calculating diluted ADS was approximately 125.9 million for the second quarter of fiscal 2010, 125.8 million for the first quarter of fiscal 2010 and 108.1 million for the second quarter of fiscal 2009. LDK Solar ended the second quarter of fiscal 2010 with $443.1 million in cash and cash equivalents and $126.8 million in short-term pledged bank deposits. "We were very pleased to exceed expectations for the second quarter which reflected the continued improvement in the operating environment for the solar industry and consistent execution by our team," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Our business momentum remained strong across key metrics. We achieved record quarterly revenue, robust growth in wafer shipments, stable ASPs and improved profitability. "We continued to extend our leadership position in solar wafer production and ended the quarter with 2.3 GW of annualized wafer capacity. We were pleased to achieve this wafer capacity expansion with minimal capital expenditure. Our vertical integration plan also continued to track well during the second quarter. Just one quarter after acquiring our crystalline module manufacturing plant, we more than doubled our module shipments sequentially. Demand for our modules remained robust and we signed two new supply contracts in Europe during the second quarter. "Improving operating efficiencies and cost structure remain a top priority for the Company. During the second quarter, profitability improved significantly as we continued to tightly manage expenses and pricing stabilized. We experienced an increasing contribution from our in-house polysilicon production. We produced nearly 1,200 MT of polysilicon in total between our 1,000 MT plant and the first 5,000 MT train of our 15,000 MT plant during the quarter. We remain optimistic about the improving PV industry trends," concluded Mr. Peng. Business Outlook The following statements are based upon management's current expectations. These statements are forward-looking in nature, and the actual results may differ materially. You should read the "Safe Harbor Statement" below with respect to the risks and uncertainties relating to these forward-looking statements. For the third quarter of fiscal 2010, LDK Solar estimates its revenue to be in the range of $570 million to $600 million with wafer shipments between 520 MW and 550 MW, and module shipments between 75 MW and 85 MW. For fiscal 2010, we expect our revenue to be in the range of $1.95 billion to $2.0 billion with wafer shipments between 1.95 GW and 2.0 GW and module shipments between 250 MW and 300 MW. |
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