LDK Solar has released a performance report of the fourth quarter of 2011, the data show that the PV market in the doldrums and prices have fallen sharply, LDK Solar last year in the fourth quarter loss of $ 588.7 million for the last year the third consecutive quarter lossyear’s losses totaled $ 655.5 million.
The data show that the four quarter of 2010, LDK Solar earnings of $ 145.2 million last year, full-year earnings of $ 290 million.
Either lead to LDK Solar’s recent layoffs door “directly fuse. LDK Solar’s CFO Laikun Sen yesterday also said that since the start of the year, the company has to lay off 5,000 people to 19,195 people, lay off about 22 percent.
The data also show that fourth-quarter sales revenue of only $ 420 million, a 11 percent decline compared with $ 472 million in the third quarter, but the cost of the product but never $ 489 million in the third quarter surged 42 percent.
LDK Solar’s CEO Xiaofeng Peng, in a results statement that: “in the fourth quarter of last year, the entire value chain in the solar industry have emerged in the extreme imbalance of supply and demand and we expect 2012 continued overcapacity in Europe and the U.S. policy further uncertainty will continue to lead the solar industry highly competitive. ”
As for the outlook for the first quarter, LDK Solar manufacturer revenue between 190 million to 230 million U.S. dollars, the 2012 full year revenue will be between 20 billion to $ 2.7 billion. The former was significantly lower than the average market forecast of $ 397.2 million.
LDK Solar 2011 full-year loss of $ 655.5 million
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LDK Solar has released a performance report of the fourth quarter of 2011, the data show that the PV market in the doldrums and prices have fallen sharply, LDK Solar last year in the fourth quarter loss of $ 588.7 million for the last year the third consecutive quarter lossyear’s losses totaled $ 655.5 million.
The data show that the four quarter of 2010, LDK Solar earnings of $ 145.2 million last year, full-year earnings of $ 290 million.
Either lead to LDK Solar’s recent layoffs door “directly fuse. LDK Solar’s CFO Laikun Sen yesterday also said that since the start of the year, the company has to lay off 5,000 people to 19,195 people, lay off about 22 percent.
The data also show that fourth-quarter sales revenue of only $ 420 million, a 11 percent decline compared with $ 472 million in the third quarter, but the cost of the product but never $ 489 million in the third quarter surged 42 percent.
LDK Solar’s CEO Xiaofeng Peng, in a results statement that: “in the fourth quarter of last year, the entire value chain in the solar industry have emerged in the extreme imbalance of supply and demand and we expect 2012 continued overcapacity in Europe and the U.S. policy further uncertainty will continue to lead the solar industry highly competitive. ”
As for the outlook for the first quarter, LDK Solar manufacturer revenue between 190 million to 230 million U.S. dollars, the 2012 full year revenue will be between 20 billion to $ 2.7 billion. The former was significantly lower than the average market forecast of $ 397.2 million.