2013 Trina solar energy profit status or poor

The loss is a solar module manufacturer Trina Solar (NYSE: TSL) 2012, the main theme, after the company released its fourth quarter and full year financial results prove that this year will also have a similar news. Component average selling price (ASP) decline negative growth in shipments and operating expenses cut, the fourth quarter and full year net loss of $ 87.2 million and $ 266.6 million respectively.

Therefore, Trina reported 2012 net income of $ 1.3 billion, compared with $ 2.05 billion in 2011, down 36.7%. The total shipments of 1.59GW, only a 5.4% increase compared to 2011 1.51GW. Trina flexible solar panels reported fourth quarter net income of $ 302.7 million, from the previous quarter increased by 1.6%, down 30.5% compared to the same period last year. The fourth quarter of 2012, gross profit margin was 1.9%, while profit before the target of low single digits.

Total shipments 414.5MW, 380.3MW increase compared to the third quarter of 2012 and the fourth quarter of 2011 424.9MW. As expected, the increase is due to the increase in demand from China, the phase for the installed capacity target before the government has improved due to the increase in utility-scale re-planning project activities. The Trina mppt charge controller Mr. Gao Jifan, Chairman and CEO, said: "Although shipments in the fourth quarter continued to improve, but our bottom line continue to be an imbalance between supply and demand and the adverse impact on pricing of some competitors challenging.

Under commercial conditions, we are committed to the profits of sales, inventory management, and continued to cut spending, so that we get a positive cash flow from operations. In the fourth quarter, we are still internal systems, global development progress, and is expected to usher in a grid-scale opportunities in China and the United States later this year. "However, shipments by the weakness of its traditional strong European market, compared with major competitors such as Yingli Green Energy late to enter the downstream projects department.

Trina Solar System business sector, including its new project development and equipment, has an evolutionary mode. This classic project development work is currently working on several large utility-scale project planning in China, while some other project components of the company's traditional sales functions combined into a "strategic" partner and the conventional project developers and EPC companycooperation.

Management to discuss the annual results on a conference call to reiterate that it has obtained the approval of the Gansu Provincial Development and Reform Commission, in Wuwei City, Gansu Province, the development of a 50MW grid power station project. However, the management also noted, Gansu Province, the planning of the project in the next four years up to 600MW ceiling, and still further planning 200MW project, their project the company has not yet officially announced.

Management on a conference call that, in the development of its project business, together with the expected new photovoltaic installation projects in the country, will result in 2013 new installed capacity of at least 10GW, Trina mppt solar charge controller will take this country with a growing market share. Management, under the power purchase agreement, the 100MW project in the United States in 2013, and reserve small development projects in the United Kingdom and Italy.

Trina Solar in recent months has been the leading project developers, such as GestampSolar prominent component supply agreement in various projects in Germany and South Africa, these agreements were reached in 2013. Module shipments, is expected in shipments in 2013, China will account for about 25%. This year the company's PV module shipments and systems delivery target 2.0GW to 2.1GW, which means assigned to about 500MW.

However, as many Chinese competitors, the 2012 project delay direct impact on the volume and revenue recognition, especially in 2012, trying to market a substantial increase in the amount of PV gigawatt. The shipments growth targets increased to 31.8% from 25.5% in 2012.